Dear users,
MEXC Global invites you to witness the launch of our first ever “BTC Yield” product. An all new innovative way to dabble in crypto, hold BTC, and diversify your investments! More details below:
Lock-in Period:
2021-08-19 12:00 – 2021-08-21 08:00 (UTC)
Event Duration:
2021-08-21 16:00 – 2021-08-27 08:00 (UTC)
What is MEXC’s newly launched BTC Yield product?
BTC Yield is a newly launched yield product on MEXC Global where users can enjoy the gains of BTC by locking their BTC in at the current market value and staking their BTC. When the price of BTC rises while staked, users enjoy amplified returns through yield rewards. The higher the price of BTC at maturity, the higher the returns!
Details of BTC Yield
Staked Token: BTC
Purchase Limit: Total limit of 50 BTC. Minimum requirement of 0.003 BTC per user.
Profits at One Glance:
- If the BTC maturity price is less than 48,500, investors will receive 1% annualized yield at maturity.
- If the BTC maturity price is within 48,500 and 51,000, investors will receive 10% annualized yield at maturity.
- If the BTC maturity price is within 51,000 and 53,500, investors will receive 20% annualized yield at maturity.
- If the BTC maturity price is more than 53,000, investors will receive 30% annualized yield at maturity.
How to participate?
Website: Homepage – Click [Finance – MX DeFi] on the menu bar – Staking – BTC Yield
App: Homepage – Tap [MX DeFi] on the middle menu bar – DeFi Mining treasure zone – BTC Yield
Notes:
1) Expiry price: Deribit’s BTC/USD settlement price at 2021-08-27 08:00 (UTC)
2) Observation Period: 2021-08-21 16:00 – 2021-08-27 08:00 (UTC)
3) Observation Price: BTC/USD index price on Deribit
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4) To maximize the protection of users’ returns, we will adjust the product range according to the market situation if there are large fluctuations during the observation period. Subsequent follow-up will be updated in this announcement.
5) Returns Distribution: BTC will be automatically unlocked and distributed the day after expiration.
6) During the lock-up period, locked assets are unavailable for trading or withdrawal. BTC staked will only be unlocked the day after expiration and cannot be unlocked in advance.
7) MEXC Global reserves the right to adjust the expected return according to market situations. Information given in this announcement shall prevail in case of any discrepancies.
Risk Warning
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Global will make the best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading with no malicious intent. We are committed to providing users with safer, more efficient, and more reliable for digital assets trading.
Find us on:
Medium: https://medium.com/mexcglobal
Telegram: https://t.me/MEXCEnglish
MEXC trading: https://t.me/MEXCTradeofficial
Twitter: https://twitter.com/MEXC_Global
Facebook: https://www.facebook.com/mexcglobal
Discord: https://discord.gg/zu5drS8
Instagram: https://www.instagram.com/mexcglobal/
Refer a friend to enjoy a high rebate, create your personalized invitation link today: https://www.MEXC.com/invite
Enjoy trading on MEXC.
The MEXC team
2021-08-19
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