[//]:content-type-MARKDOWN-DONOT-DELETE  Dear Gate.io Users: To thank our users for their continuous support, Gate.io Flexible Crypto Loan is excited to announce the launch of a 1-year zero-fee loan promotion on August 18, 2023. **Promotion Period：2023-08-18 08:00 to 2024-08-17 08:00 (UTC)** **During the event, all users who borrow any amount of any cryptocurrency through Flexible Crypto Loan, will be automatically exempted from the loan service fees.** **For example: ** User A of VIP0 borrowed 10 BTC at 2023-08-18 09:10 (UTC), and completed repayment at 10:15 (UTC) on the same day. Since the interest is calculated on the hour after you successfully borrow funds, user A needs to pay the interest for 1 hour. Assuming that the hourly interest rate of Lend&Earn’s BTC lending is 0.001%, the hourly Interest rate and interest of user A are calculated as follows:  Note: Hourly Interest Rate=Lend&Earn’s Hourly Lending Rate x (1+Service Fee Rate) Interest=Loan Amount x Hourly Interest Rate x Number of Hours **Terms & Conditions:** 1.Please refer to Flexible Crypto Loan for a list of the most updated borrowable assets and further information on specific limits, collateral ratio and rates. 2.Risk Warning: Please note that the virtual currency market is volatile and losses may occur in different situations, so you are strongly recommended to understand all the related information and be vigilant in your investment actions. 3.Gate.io reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this promotion, the eligibility terms and criteria, and the timing of any act to be done, and all participants shall be bound by these amendments. Gate.io supports using borrowed assets for trading and investment in the Gate.io ecosystem. You can even withdraw the borrowed assets to trade on other platforms. You can visit Flexible Loan through the following entrances: **Web：**[Gate.io -> Finance -> Crypto Loan](https://www.gate.io/cryptoloan "Gate.io -> Finance -> Crypto Loan") **App：**[Homepage -> More -> Financial -> Crypto Loan](https://www.gate.io/cryptoloan?gt_nav_bar=0 "Homepage -> More -> Financial -> Crypto Loan") **More：**[About Flexible Crypto Loan](https://www.gate.io/help/lend/crypto_loan/31468/about-flexible-crypto-loan "About Flexible Crypto Loan") **More：**[Flexible Crypto Loan Guide](https://www.gate.io/help/lend/crypto_loan/31464/flexible-crypto-loan-guide "Flexible Crypto Loan Guide") Gateway to Crypto Trade over 1,700 cryptocurrencies safely, quickly and easily on Gate.io [Sign up](https://www.gate.io/signup "Sign up") to enter the crypto gateway and get 40% commission from [referrals](https://www.gate.io/referral "referrals") [Download iOS/Android App](https://www.gate.io/mobileapp?ch=ann27560 "Download iOS/Android App") right now. Reach out to us! Twitter: https://twitter.com/gate_io GateVIP Twitter: https://twitter.com/GateioVIP Telegram: https://t.me/gate_io API Telegram: https://t.me/gateioapi Instagram: https://www.instagram.com/gateioglobal Medium: https://gateio.medium.com/ Podcast: https://gateio.buzzsprout.com/?ch=buzzs Gate.io Team August 18th, 2023