To: EAN Trading Platform Users
Date: November 6, 2020
RE: Mining Rate, Trading Fees and Withdrawals
This memorandum seeks to serve you with a better understanding regarding Dean mining, mining rate variable and mining rate variable correlation with DEAN price.
1. The quantity of DEAN from mining is set at the contract value * daily reward rate * mining rate variable.
2. The mining rate variable is used to balance the ratio of interest paid or received eligible for mining. The range of the mining rate variable is between 0 and 1.
3. Typically, when DEAN price increases, mining rate variable goes down, when DEAN price decreases mining rate variable goes up.
4. Mining rate variable may change during per 24-hour period.
At the same time, please be informed and be updated, with effect from November 7 th 2020, the EAN Exchange trading fees will be adjusted from 0.3% to 0.5%. Similarly, there will be a charge on every withdrawal made form the platform, according to the gas fees incurred.
Thank you, and we look forward to serving you.
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