Gate.io Structured Products will launch its 73rd weekly shark fin structured product“Weekly Shark Fin BTC 7-Day No.73” on June 16th, at 8:00 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/183
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 $19,760, or is equal to or above $21,840 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 （$19,760-$21,840）, investors will get a return up to 16% APR. （The closer to the $21,840 level, the higher the return rate）.
Specifications of Weekly Shark Fin BTC 7-Day No.73
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: June 16th 8:00 - June 17th 8:00 (UTC time)
6. Lockup period: 7 days
7. Observation period: Friday 8:00 AM- next Friday 8:00 AM UTC
8. 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.
9. 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
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
to enter the crypto gateway and get 40% commission from referrals
App right now.
Reach out to us!
June 16th, 2022