Dual Currency Earn Service Terms

Welcome to the official service terms for OKX’s Dual Currency Earn (DCE) product. This comprehensive guide outlines the framework, risks, responsibilities, and operational details of using the Dual Currency Earn service. Whether you're new to structured crypto investments or looking to deepen your understanding of product mechanics, this article provides a clear, SEO-optimized overview aligned with user search intent.

Dual Currency Earn is a non-principal-guaranteed investment product offered by Aux Cayes FinTech Co. Ltd (“OKX”), a company registered in Seychelles. By accessing or using this service, you enter into a legally binding agreement governed by these terms. Below, we break down the key components to ensure full transparency and informed decision-making.

Understanding the Dual Currency Earn Product

The Dual Currency Earn service allows users to earn potential returns based on the price movement of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Users invest a specified amount in a supported digital asset and receive settlement in either the same asset or a different one—depending on whether the market price at expiry meets certain conditions.

This structured product is designed for users who understand market volatility and are comfortable with risk. It is not suitable for everyone, especially those seeking guaranteed returns or low-risk investment vehicles.

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Eligibility and User Responsibilities

To use the Dual Currency Earn service, you must meet specific eligibility criteria:

• Be at least 18 years old and possess full legal capacity if registering as an individual.
• If representing a legal entity, confirm that the entity is lawfully established and that you are authorized to act on its behalf.
• Demonstrate sufficient knowledge and experience in digital asset investments.
• Ensure compliance with local laws and regulations in your jurisdiction.
• Own the digital assets used for investment and verify their legitimate origin.

You also agree not to use the service for illegal purposes such as money laundering, fraud, terrorism financing, or market manipulation.

Your participation is entirely voluntary, and all financial risks—including total loss of capital—are borne solely by you.

Key Definitions in Dual Currency Earn

Understanding the terminology is crucial for making informed decisions. Here are the core concepts:

• Investment Currency: The digital asset used to purchase the product (e.g., BTC, ETH, or USDT).
• Settlement Currency: The asset you receive upon maturity—determined by the final price relative to the target price.
• Target Price: A predefined benchmark used to determine settlement terms.
• Expiry Date Price: The average index price of BTC or ETH during the last hour before 16:00 UTC+8 on the expiry date.
• Expiry Time: Fixed at 16:00 UTC+8 on the product's maturity date.
• Reference APY: The potential annualized return used to calculate earnings.
• Yield: Calculated as Reference APY ÷ 365 × Term.
• Term: Number of days from the accrual start time to expiry.
• Accrual Start Time: The next full hour after successful purchase (e.g., a purchase at 14:30 UTC+8 starts accruing interest at 15:00 UTC+8).

These definitions form the foundation of how returns are calculated and when payouts occur.

How Dual Currency Earn Works: Real Examples

Let’s explore two illustrative examples to clarify how payouts work under different market scenarios.

Example 1: BTC-Based Product

Payout Logic:

• If expiry price < $58,000 → Receive 10.02 BTC
• If expiry price ≥ $58,000 → Receive **581,160 USDT** (10 × $58,000 × 1.002)

This structure rewards users if the price remains below expectations—or switches to stablecoin if it rises above.

Example 2: USDT-Based Product with BTC Settlement Option

Payout Logic:

• If expiry price > $50,000 → Receive 10,124 USDT
• If expiry price ≤ $50,000 → Receive **0.20248 BTC** (10,000 / $50,000 × 1.0124)

This model appeals to stablecoin holders who want exposure to BTC upside while earning yield.

Investment amounts are subject to limits set by OKX and may vary per product.

Settlement and Early Termination

Payout Timing

Settlement typically occurs around 18:00 UTC+8 on the expiry date. Funds are automatically credited to your funding account.

Early Service Termination

OKX reserves the right to terminate any Dual Currency Earn product early under the following circumstances:

• Regulatory requirements or legal changes
• Force majeure events (e.g., natural disasters, war)
• Technical failures or market disruptions

In such cases, OKX will announce the termination at least three days in advance and distribute owed amounts within two business days after termination.

Additionally, OKX may cancel orders due to clear input errors. If canceled post-deduction, funds will be promptly refunded.

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Risk Disclosure and Limitations

Market Volatility and Investment Risks

Digital assets are highly volatile. Prices can swing dramatically within minutes. You acknowledge that:

• There is no guarantee of returns.
• You may lose part or all of your invested capital.
• OKX does not provide financial advice or market predictions.

Key risks include:

• Market Risk: Unpredictable price movements affecting settlement outcomes.
• Liquidity Risk: Inability to exit positions before maturity.
• Smart Contract & Oracle Risk: Potential bugs or data inaccuracies.
• Regulatory Risk: Changes in laws impacting product availability.
• Operational Risk: System outages, cyberattacks, or technical delays.

You accept full responsibility for assessing these risks and making independent decisions.

No Liability for Service Interruptions

OKX is not liable for losses arising from:

• System maintenance or downtime
• Cyberattacks or unauthorized access
• Network failures or third-party issues
• Government actions or force majeure events

Service availability depends on external factors beyond OKX’s control. You agree that OKX will not compensate for losses caused by such interruptions.

Software Protocol Risks

Underlying blockchain protocols are open-source and evolve independently. Unexpected upgrades or forks can impact asset accessibility and value. You are responsible for monitoring such changes.

Prohibited Activities and Enforcement Measures

OKX strictly prohibits unfair trading practices. Violations include:

• Market manipulation
• Exploiting system vulnerabilities
• Engaging in illegal activities

Upon detection, OKX may:

• Restrict or close your account
• Cancel transactions
• Report misconduct to authorities

You accept that any resulting losses are your sole responsibility.

Legal Framework and Dispute Resolution

Governing Law

These terms are governed by the laws of England and Wales, without regard to conflict-of-law principles.

Arbitration Process

Disputes must first undergo mediation via the Hong Kong International Arbitration Centre (HKIAC). If unresolved within 90 days, arbitration proceeds under HKIAC rules.

Key provisions:

• Arbitration seat: Hong Kong
• Language: English
• Panel: Three arbitrators (one appointed by each party, third by HKIAC)
• Discovery: Limited to specific, relevant documents only
• Finality: Binding decision enforceable in any competent court

This ensures fair, efficient resolution while minimizing legal complexity.

Updates and General Provisions

OKX may update these terms at any time without prior notice. Continued use of the service constitutes acceptance of revised terms.

All communications with OKX should be in English via official support channels. In case of discrepancies between versions, the English version prevails.

If any clause is found invalid, the rest remain enforceable. Your rights cannot be transferred without written consent from OKX; however, OKX may assign its rights with notice.

Frequently Asked Questions (FAQ)

What is Dual Currency Earn?

Dual Currency Earn is a structured investment product where users earn yield based on cryptocurrency price performance at expiry. Depending on whether the market price exceeds a target level, investors receive payout in either the original or an alternative currency.

Is my principal protected?

No. Dual Currency Earn is a non-principal-guaranteed product. You may receive less than your initial investment depending on market conditions at expiry.

When will I receive my payout?

Settlement usually occurs by 18:00 UTC+8 on the expiry date and is automatically credited to your funding account.

Can I cancel my investment after purchase?

No. Once confirmed, investments cannot be canceled or withdrawn before maturity.

What happens if OKX terminates the product early?

OKX may terminate early due to regulation, force majeure, or technical issues. Affected users will receive their entitled returns within two business days after termination.

Does OKX provide investment advice?

No. All information provided is for informational purposes only. OKX does not act as a financial advisor. Users should consult independent professionals before investing.

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Final Notes

By using the Dual Currency Earn service, you confirm that you have read, understood, and agreed to all terms outlined above. This includes associated policies such as risk disclosures, user agreements, privacy policies, and trading rules—all of which are incorporated herein by reference.

Always perform due diligence and assess your risk tolerance before participating. The crypto market moves fast—stay informed, stay secure, and invest wisely.

Last Updated: June 15, 2023