Author Topic: Old BitCNY MSSR updated to 150%, ICR 225%  (Read 344 times)

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Offline abit

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Old BitCNY MSSR updated to 150%, ICR 225%
« on: September 30, 2020, 08:02:34 pm »
BitCNY MSSR updated to 150%, ICR 225%

On-chain:  https://bts.ai/block/51921035 https://bts.ai/block/51923201

MCR will be updated in the next days. Details to be decided. Won't announce in advance when adjusting.
Note: the MSSR and ICR values may be changed again if necessary.

The purpose of the adjustment is to restore the peg of bitCNY.

Debt position holders please adjust your collateral ratio in time.
« Last Edit: October 01, 2020, 02:49:01 pm by abit »
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Offline Thul3

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Re: Old BitCNY MSSR updated to 150%, ICR 225%
« Reply #1 on: October 01, 2020, 06:37:32 am »
so you kill bitcny to

Quote
改参数是在围剿猴哥吗
encircle monkey brother ?

You are killing bitcny and making many people a big loss on purpose in hope people like alt can't use much bts for stacking?

You are a criminal and nothing more


Next step forking out someones asset you don't like ?


For peoples attention


Parameters bitcny

ICR 225%
MCR Unknown
MSSR 150%


Parameters for his cny1.0

ICR 175%
MCR 175%
MSSR 110%


Now tell me based on these two parameters abit is not killing bitcny on purpose and causing knowingly many people to lose big money.

Thats a clear criminal act.

The best part he won't announce even the new MCR but just change it when he wants to.


« Last Edit: October 01, 2020, 06:54:47 am by Thul3 »

Offline alt

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Re: Old BitCNY MSSR updated to 150%, ICR 225%
« Reply #2 on: October 01, 2020, 09:25:49 am »
Thanks for the PM and post.

I didn't know the rules can be manipulate like a child game.
And I can't find another reason for this change.
All the debt holders borrow CNY and spent it depend on the official rule,
and all the CNY holders buy CNY depend on it too,
All the debt holder can pay debt when price over 0.22CNY and all the CNY holder can sell CNY at 1 CNY yuan price too.
I guess the reason for this manipulate definitely not for the shorter or the CNY holder or BTS system.

And In fact I can do nothing to reduce the loss,
Whenever how many collateral I add, I can be margin call without any cent left, by change the MCR & MSSR.
so I am ready to lose all the collateral 54,545,455.00 BTS

Take care, every BTS traders.

so you kill bitcny to

Quote
改参数是在围剿猴哥吗
encircle monkey brother ?

You are killing bitcny and making many people a big loss on purpose in hope people like alt can't use much bts for stacking?

You are a criminal and nothing more


Next step forking out someones asset you don't like ?


For peoples attention


Parameters bitcny

ICR 225%
MCR Unknown
MSSR 150%


Parameters for his cny1.0

ICR 175%
MCR 175%
MSSR 110%


Now tell me based on these two parameters abit is not killing bitcny on purpose and causing knowingly many people to lose big money.

Thats a clear criminal act.

The best part he won't announce even the new MCR but just change it when he wants to.

Offline abit

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Re: Old BitCNY MSSR updated to 150%, ICR 225%
« Reply #3 on: October 01, 2020, 10:08:10 am »
Thanks for the PM and post.

I didn't know the rules can be manipulate like a child game.
And I can't find another reason for this change.
All the debt holders borrow CNY and spent it depend on the official rule,
and all the CNY holders buy CNY depend on it too,
All the debt holder can pay debt when price over 0.22CNY and all the CNY holder can sell CNY at 1 CNY yuan price too.
I guess the reason for this manipulate definitely not for the shorter or the CNY holder or BTS system.

And In fact I can do nothing to reduce the loss,
Whenever how many collateral I add, I can be margin call without any cent left, by change the MCR & MSSR.
so I am ready to lose all the collateral 54,545,455.00 BTS

Take care, every BTS traders.

The rationale behind the change is simple: to restore the peg of bitCNY.

I believe you understand it.

According to the current market trading price 0.157 CNY/BTS, your debt position's real collateral is around 114%, which is too low. If you don't increase your real collateral ratio to a fair value (E.G. 160%), the position will be margin called.

You chose to not add collateral, it's fine.
BTS account: abit
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