Gate.io Structured Products Launches “Weekly SharkFin BTC 7-Day No.72”, Estimated Reward of 3%-16% P.A.
2022-06-09 07:31:19 UTC
26907 Lido
Gate.io Structured Products will launch its 72nd weekly shark fin structured product“Weekly Shark Fin BTC 7-Day No.72” on June 9th, 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/170
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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 $27,900, or is equal to or above $30,900 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 （$27,900-$30,900）, investors will get a return up to 16% APR. （The closer to the $30,900 level, the higher the return rate）.
Specifications of Weekly Shark Fin BTC 7-Day No.72
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 9th 8:00 - June 10th 8:00 (UTC time)
6. Lockup period: 7 days
7. Observation period: Friday 8:00 PM- next Friday 8:00 PM 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
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 9th, 2022
View more details at https://www.gate.io/structured_financial/sharkFin/170
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 $27,900, or is equal to or above $30,900 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 （$27,900-$30,900）, investors will get a return up to 16% APR. （The closer to the $30,900 level, the higher the return rate）.
Specifications of Weekly Shark Fin BTC 7-Day No.72
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 9th 8:00 - June 10th 8:00 (UTC time)
6. Lockup period: 7 days
7. Observation period: Friday 8:00 PM- next Friday 8:00 PM 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
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 9th, 2022
