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Gate.io Daily Shark Fin Hit The Price Range: The Final Annualized Yield is Up To 10.70%!
Gate.io Daily Shark Fin Hit The Price Range: The Final Annualized Yield is Up To 10.70%!
2022-06-29 08:37:10 UTC
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Gate.io launched "Daily Shark Fin_USDT_20220622" and "Daily Shark Fin_BTC_20220622" at 4:00 AM on June 21st UTC on the structured products page. During the observation period, the BTC price always stayed within the per-specified price range [$18,500 - $21,500] and hit the high-yield range. Users who have successfully participated in these two products can get a high annualized income of 10.70% at settlement!
How to calculate the hit-range yield:
Settlement price = $20,276.00 (the opening price of Gate.io BTC/USDT perpetual contract at 4:00 on June 29, UTC)
Final annualized yield= 3% + (period-end settlement price - lower price) / (upper price - lower price) * (16% - 3%)
=3%+(20276.00-18500)/(21500 -18500)*(16%-3%)
=10.70%
*Gate.io Structured Products Observation Mechanism:
It is a mechanism to observe whether the observation prices have knocked out the price range during the specified period or not. However, the mechanism is inapplicable to the price fluctuations during the non-observation period. That’s to say, even if the prices have knocked out the price range during the non-observation period, we regard it as the situation of failing to knock out the price range. The price observation mechanism offers users a greater chance to obtain high returns. (The knock-out range means the price goes beyond the upper price or falls below the lower price.)
A high yield can be obtained since the prices knocked out the price range while they were not in the observation period.
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
Top ranking, Trustworthy, Transparent
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
June 29th，2022
How to calculate the hit-range yield:
Settlement price = $20,276.00 (the opening price of Gate.io BTC/USDT perpetual contract at 4:00 on June 29, UTC)
Final annualized yield= 3% + (period-end settlement price - lower price) / (upper price - lower price) * (16% - 3%)
=3%+(20276.00-18500)/(21500 -18500)*(16%-3%)
=10.70%
*Gate.io Structured Products Observation Mechanism:
It is a mechanism to observe whether the observation prices have knocked out the price range during the specified period or not. However, the mechanism is inapplicable to the price fluctuations during the non-observation period. That’s to say, even if the prices have knocked out the price range during the non-observation period, we regard it as the situation of failing to knock out the price range. The price observation mechanism offers users a greater chance to obtain high returns. (The knock-out range means the price goes beyond the upper price or falls below the lower price.)
A high yield can be obtained since the prices knocked out the price range while they were not in the observation period.
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
Top ranking, Trustworthy, Transparent
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gate_zh
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
June 29th，2022
