Gate.io HODL& Earn will launch its 8th shark fin structured product“Shark Fin BTC 6-Day No.9” on Mar 27th, at 10:00 AM UTC,
with an estimated return of 3%-16% P.A. The total lock-up amount is
capped at 300 BTC, with a lock-up period of 6 days. The shark fin
product is principal protected. Participate in via https://www.gate.io/hodl/448
or Tap Finance on markets screen and then tap “HODL&Earn”on the APP.
How does the Shark Fin BTC Weekly product bring you a return?
If at any time during the lifetime of the shark fin product, BTC price
is equal to or below $51,000, or is equal to or above $58,000, the
investor will get a minimum return _ 3% _ on their principal at
If during the entire lifetime of the shark fin product,
BTC price always stays within the per-specified range _$51,000-$58,000_,
investors will get a return up to 16% APR. _The closer to the $58,000
level, the higher the return rate_.
Specifications of Shark Fin BTC 6-Day No.9
1. Lockup currency BTC
2. Zero handling fee.
3. Return: floating interest rate, ranging from 3%-16% APR
4. Interest currency: BTC
5. Subscri-ption starts-Lockup ends: Saturday 4:00 AM-next Saturday 4:00 AM
6. Lockup period: 6 days
7.Settlement Time: 3:00-4:00 AM UTC , Saturday
8. Observation period: Saturday 12:00 PM- next Friday 12:00 PM UTC
9. If at any time during the observation period, the price is above or
below the per-specified price range, the product is settled on a 3% APR.
If prices always stay within the price range, the return rate will be
determined according to where the underlying asset settlement price
falls on Deribit on Friday 8:00 AM UTC.
10 If the market fluctuates
drastically before the observation period starts,, we will adjust the
price range to maximize investors’ return.
What is a Shark Fin Product?
Gate.io Shark Fin is a capital protected investment product. If the
underlying asset price is within the pre-specified range, the investor
will get a higher yield. Otherwise, the investors will get a minimum
return (about 3% APR).
Gate.io is an established exchange that holds integrity, transparency,
and fairness to a very high standard. We charge zero listing fees and
only choose quality and promising projects. Our exchange consists only
of 100% real trading volume. Thanks to everyone who has joined us in our
journey. We always intend to improve and innovate to reward our users
for their continuous support.