1. General Provisions
- This agreement is a service contract established between the user (hereinafter referred to as "you") and AstralX (hereinafter referred to as "the platform") regarding the "Dual-Currency Investment Product" (hereinafter referred to as "this product").
- Before participating in this product, you should fully read, understand, and agree to all the contents of this agreement.
- Once you complete the subscription operation, it is deemed that you have fully understood and accepted all the terms of this agreement and the related risks.
2. Product Definition
Dual-currency investment is a non-principal-protected, result-floating structured financial product.
This product allows users to preset:
- Target Price
- Settlement Date
And at settlement, based on the comparison between the market price and the target price, determine:
- The final settlement currency
- The method of calculating principal and returns
👉 The essence of this product is:
a conditional transaction mechanism based on the target price, accompanied by return on investment
3. Product Types and Operating Mechanism
This product is divided into two types:
3.1 "Buy Low" Product
You subscribe using stablecoins (such as USDT) and have the opportunity to buy cryptocurrency assets (such as BTC, ETH) in the future at the target price.
Settlement Rules:
- If the settlement price ≤ target price
→ Principal and returns will be converted into the target currency at the target price - If the settlement price > target price
→ Principal and returns will be returned in the original deposited currency
3.2 "Sell High" Product
You subscribe using cryptocurrency assets (such as BTC, ETH) and have the opportunity to sell these assets in the future at the target price to obtain stablecoins.
Settlement Rules:
- If the settlement price ≥ target price
→ Principal and returns will be converted into stablecoins at the target price - If the settlement price < target price
→ Principal and returns will be returned in the original deposited currency
4. Return Rules
- The returns of this product are determined at the time of subscription and displayed as an annualized percentage rate (APR).
- Calculation method of returns:
Returns = Principal × Annualized Return Rate × Product Term (days) / 365
- The final returns will be paid together with the settlement currency.
- The annualized return rate displayed by the platform is for reference only and does not constitute any guarantee of returns.
5. Explanation of Key Parameters
- Subscription Amount: The amount of assets you use to subscribe to this product
- Target Price: The price used to determine whether to perform currency conversion
- Settlement Price: The market price used to make the final settlement decision
- Settlement Date: The date when the product expires and settlement is completed
- Subscription Period: The number of days from the subscription date to the settlement date
6. Explanation of Settlement Price
- The settlement price is generally:
👉 The average market price within a certain time period before a specified time on the settlement date (subject to the display on the product page) - Under the following circumstances, the platform has the right to make reasonable adjustments:
- Severe market volatility
- Abnormal price index
- Insufficient liquidity
- System or data source anomalies
The platform will determine the final settlement price based on the principle of good faith.
7. Subscription and Lock-up Rules
- After successful subscription, this product enters a lock-up state.
- During the lock-up period:
- Early redemption is not allowed
- Orders cannot be canceled or modified
- Transfers are not allowed
- Please fully assess your liquidity needs before subscribing.
8. Fee Explanation
- The platform does not charge additional subscription or redemption fees for this product.
- Users understand and agree that:
👉 The currency conversion price of this product is executed based on the target price mechanism,
👉 which may differ from the real-time market price,
👉 and may result in opportunity costs or differences in returns.
9. Risk Warnings (Key Terms)
Before participating in this product, you should fully understand and bear the following risks:
9.1 Non-Principal Protection Risk
This product is not principal-protected and does not guarantee final returns.
9.2 Currency Conversion Risk
At settlement, your assets may be converted into another currency,
the value of which may fluctuate due to market volatility.
9.3 Market Risk
Cryptocurrency prices are highly volatile, which may result in:
- Failure to transact at more favorable market prices
- Opportunity losses
9.4 Liquidity Risk
You cannot adjust your position or exit the product during the lock-up period.
9.5 System and Force Majeure Risks
Including but not limited to:
- System failures
- Network delays
- Policy changes
- Hacker attacks
10. User Declarations
You confirm and agree that:
- You have fully understood the operating mechanism of the dual-currency investment product
- You understand that the final settlement currency is uncertain
- You understand that this product is not equivalent to traditional principal-protected financial products
- You independently bear all investment decisions and risks
11. Platform Rights
The platform has the right to:
- Adjust product parameters (such as interest rates, limits, etc.)
- Delay or cancel product issuance
- Take risk control measures under extreme market conditions
- Restrict abnormal transactions or abusive behaviors
12. Disclaimer
The platform is not responsible for the following situations:
- Asset losses caused by market price fluctuations
- Results caused by users setting their own target prices
- Abnormalities caused by force majeure or third-party factors
13. Others
Matters not covered in this agreement shall be implemented in accordance with the platform’s relevant rules and announcements.
The platform reserves the final interpretation right of this agreement.