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    Gate.io Structured Products Launches “Weekly SharkFin BTC 7-Day No.64”, Estimated Reward of 3%-16% P.A.

    2022-04-14 16:47:42 UTCRead:18651
    Gate.io Structured Products will launch its 63rd weekly shark fin structured product“Weekly Shark Fin BTC 7-Day No.64” on April 15th, 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 7 days. The weekly shark fin product is principal protected.
    View more details at https://www.gate.io/structured_financial/sharkFin/78


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    Now you could stand a chance to win Gate.io SharkFin Contest at Twitter

    How does the Weekly 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 $37,400, or is equal to or above $41,300 the investor will get a minimum return (3%) on their principal at maturity.
    If during the entire lifetime of the shark fin product, BTC price always stays within the per-specified range ($37,400-$41,300), investors will get a return up to 16% APR. (The closer to the $41,300 level, the higher the return rate).


    Specifications of Weekly Shark Fin BTC 7-Day No.64
    1. Lockup currency BTC
    2. Zero handling fee.
    3. Return: floating interest rate, ranging from 3%-16% APR
    4. Interest currency: BTC
    5. Subscription Time: April 15th 10:00 - April 16th 10:00 (UTC time)
    6. Lockup period: 7 days
    7.Settlement Time: 3:00-4:00 AM UTC , Saturday
    8. Observation period: Friday 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.


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    Gate.io Team
    April 14


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