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Gate.io Dual Currency Product Launched, Earn Irrespective of Token Price Rising or Falling
Gate.io Dual Currency Product Launched, Earn Irrespective of Token Price Rising or Falling
2021-03-01 11:15:35 UTC
3133054 Lire
As part of our effort to cater to user demand, Gate.io has launched a Dual Currency Product. Keep earning returns in a Bull or Bear market.
For more info, visit: https://www.gate.io/dual_savings
*Dual Currency Product will launch soon on Gate.io APP. Please stay tuned.
About Dual Currency Product
A Dual Currency Product uses a model in which users purchase a cryptocurrency (such as BTC) and have the option to settle with one of the two cryptocurrencies in the subion (such as BTC and USDT) on the maturity date. The settlement currency will depend on the settlement price being higher or lower than the linked reference price.
Example:
Using BTC/USDT subion as an example, maturity date is March 5, 2021, holding period is 7 days, linked reference price is $52,000, and annualized yield is 84.7%. At the maturity date,
- If the settlement price < linked reference price, the product will be settlement will be in BTC. Settlement amount = Investment Capital *(1+7*84.7%/365);
- If the settlement price ≥ linked price, e settlement will be in USDT. ; Settlement amount = Investment Capital *52000*(1+7*84.5%/365)
Dual Currency Product Points
1.This investment product is not principal-protected. Please exercise caution when investing.
2.Recoupment Rules：
If the settlement price < linked price, settlement will be in BTC. Settlement amount = Investment Capital *(1 + Number of days*APY/365);
If the settlement price ≥ linked price, settlement will be in USDT. Settlement amount = Investment Capital*Linked Price *(1 + Number of days*APY/365)
3.Investment capital is calculated based on live market price, which may vary from the final investment after orders are filled
4.The APR is updated in real time according to market price. Please check again after purchasing.
5.You will be able to view the purchased product on “My Holdings” page. Returns will be released to your spot account automatically.
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
March 2, 2021
Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Follow us on social
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
For more info, visit: https://www.gate.io/dual_savings
*Dual Currency Product will launch soon on Gate.io APP. Please stay tuned.
About Dual Currency Product
A Dual Currency Product uses a model in which users purchase a cryptocurrency (such as BTC) and have the option to settle with one of the two cryptocurrencies in the subion (such as BTC and USDT) on the maturity date. The settlement currency will depend on the settlement price being higher or lower than the linked reference price.
Example:
Using BTC/USDT subion as an example, maturity date is March 5, 2021, holding period is 7 days, linked reference price is $52,000, and annualized yield is 84.7%. At the maturity date,
- If the settlement price < linked reference price, the product will be settlement will be in BTC. Settlement amount = Investment Capital *(1+7*84.7%/365);
- If the settlement price ≥ linked price, e settlement will be in USDT. ; Settlement amount = Investment Capital *52000*(1+7*84.5%/365)
Dual Currency Product Points
1.This investment product is not principal-protected. Please exercise caution when investing.
2.Recoupment Rules：
If the settlement price < linked price, settlement will be in BTC. Settlement amount = Investment Capital *(1 + Number of days*APY/365);
If the settlement price ≥ linked price, settlement will be in USDT. Settlement amount = Investment Capital*Linked Price *(1 + Number of days*APY/365)
3.Investment capital is calculated based on live market price, which may vary from the final investment after orders are filled
4.The APR is updated in real time according to market price. Please check again after purchasing.
5.You will be able to view the purchased product on “My Holdings” page. Returns will be released to your spot account automatically.
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
March 2, 2021
Get 40% of all referees' trading fees in the affiliate program at https://www.gate.io/referral
Click to Sign up ：https://www.gate.io/m#/register
Download it now at: https://www.gate.io/mobileapp
Follow us on social
Facebook: https://facebook.com/gateioglobal
Twitter: https://twitter.com/gate_io
Telegram：https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
