Upgrade of Margin Mechanisim - OTC Merchants Can Enjoy Super Benefit When Using OT to Pay Margin

Dear Users,

In order to provide better service for the platform merchants, optimize the rights and interests of OTC merchants, and improve the functions of OT and enhance the eco-system of our platform, we will upgrade the margin system for one-star and two-star merchants, and add OT margin mechanism. From 11:00  (GMT + 8) on August 11 to 23:59 (GMT + 8) on August 31, 2020, merchants can use OT to pay margin, and they can enjoy discount benefits according to star rating and enjoy more rights and interests.

Activities:

Special discount for margin: if OT is used as margin, one-star merchants will enjoy 20% off, while two-star merchants will enjoy 30% off.

Date: from 15:00, August 11 to 23:59, August 31, 2020  (GMT + 8)

1. Rules of New Merchants Application

When a new merchant applies for margin, the amount of OT to be paid shall be calculated according to the real-time OT price, and the discount shall be given according to the star rating of the merchant.

1)When you submit an application to become a one-star merchant, you can choose to use 80,000 AQ or equivalent OT as the marginof the certified merchant. If you pay the margin during the activity, you can enjoy 20% off;

2) When you submit an application to become a two-star merchant, you can choose to use 150,000 AQ or equivalent OT as the marginof the certified merchant. If you pay the margin during the activity, you can enjoy 30% off;

3)Once the business application is approved, the type of margin cannot be changed;

4)When the merchant withdraws from the platform, if the marginpaid by OT, the amount of OT to be returned shall be calculated according to the value of OT paid by the merchant at the time of application.

2. Rules Adjusted for Current One-star and Two-star Merchants are as follows:

1) Current one-star merchants can choose to replace the margin with 80,000 AQ equivalent OT as the merchant margin. If you pay the margin during the activity, you can enjoy 20% off ;

2) Current two-star merchants can choose to replace the margin with 150,000 AQ equivalent OT as the merchant. If you pay the margin during the activity, you can enjoy 30% off;

3) All the current merchants will have the opportunity to change the margin once, and there is no time limit. The right to change the deposit can be use once only;

4) The calculation of the amount of OT shall be based on the real-time price of OT on the day of replacing the margin;

5) When the merchant withdraws from the platform, if the margin paid by OT, the amount of OT to be returned shall be calculated according to the value of OT paid by the merchant at the time of application.

Rights and Responsibilities of Merchants:

1. Enjoy exclusive services;
2. Enjoyexclusive star logo to enhance the trust of transaction parties;
3. Enjoy the rights and interests of variousproducts and freely publish advertisements;
4. Free allocation of transaction restrictions;
5. Get customized gifts for the festival;
6. Have the priority to experience new products and corresponding exclusive rights and interests;
7. OTC merchants should actively forward the contents publicized by the platform, maintain the image of the platform, and do not spread rumors.

There are more rights and interests in the future, please stay tuned.

 Additional exclusive benefits for OTC merchants using OT as margin:

1. Enjoy exclusive margin discount;
2. Enjoy 40% discount of the partner's rebate;
3. Enjoy the priority of applying for contract agency;
4. Enjoy the priority of option agency application;
5. Enjoy the priority of using more platform resources.

AOFEX Team

August 14, 2020