Gate.io HODL& Earn launched its first shark fin structured product“Shark Fin BTC 6-Day No.3” on Feb 6th, 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 ($37,000-$42,000), to maximize the investors’ return. Please be aware of the change.
Participate
in via https://www.gate.io/hodl/355
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$37,000, or is equal to or above $42,000, 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 ($37,000-$42,000)
investors will get a return up to 16% APR. (The closer to the $42,000
level, the higher the return rate).
Specifications
of Shark Fin BTC 6-Day No.3
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.
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.
Gate.io Team
February 7, 2021
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