According to the official announcement, FCoin has adjusted the interest calculation rules from "Daily Interest" to "Hourly Interest" from 08:00 (UTC) on January 13, 2020.
The new interest calculation rules are as follows:
1. Hourly interest = original daily interest rate / 24 * total borrowing amount;
2. Interest is calculated from the time the loan is initiated. Interest is calculated for one hour if it is less than 1 hour;
3. The interest is calculated every 1 hour and accumulated after the borrowing initiated.