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Gate.io HODL& Earn launched its first shark fin structured product“Shark Fin BTC 6-Day No.11” on April 10th, at 4:00 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. The product is now open for subsc-ription and is going to entering into the observation period soon. As the market fluctuates drastically, we will adjust the linked prices range to ($56,000-$63,000), to maximize the investors’ return. Please be aware of the change.
Participate
in via https://www.gate.io/hodl/476
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 $56,000, or is equal to or above $63,000, 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 ($56,000-$63,000)
investors will get a return up to 16% APR. (The closer to the $63,000
level, the higher the return rate).
Specifications of Shark Fin BTC 6-Day No.11
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 guaranteed 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.