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    Gate.io Structured Products Launches “Weekly SharkFin BTC 7-Day No.68”, Estimated Reward of 3%-16% P.A.

    Create Time:2022-05-13 03:27:24 UTCRead:20361

    Gate.io Structured Products will launch its 68th weekly shark fin structured product“Weekly Shark Fin BTC 7-Day No.68” on May 13th, 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/120

    Join Gate.io HODL & Earn Telegram group

    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 $28,740, or is equal to or above $31,860 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 ($28,740-$31,860), investors will get a return up to 16% APR. (The closer to the $31,860 level, the higher the return rate).

    Specifications of Weekly Shark Fin BTC 7-Day No.68
    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: May 13th 10:00 - May 14th 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.

    Users can go to the Gate.io official website to experience a variety of new high-yield financial products. We will release new arrivals every day.
    View more on Structured Financial Products

    Gate.io is a Cryptocurrency Trading Platform Since 2013
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    Reach out to us!
    Twitter: https://twitter.com/gate_io
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    Podcast: https://gateio.buzzsprout.com/?ch=buzzs

    Gate.io Team
    May 13

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