Dear BitMart Users,
To reward the community members for their support, we are giving away 250,000 LOOP in our Buy & Win Events, and launching a fixed savings promotion with 60% APY!
Period: 10/12/2022 9:00 AM to 10/27/2022 9:00 AM (UTC)
I. Buy & Win - 250,000 LOOP Giveaway!
Users who have the net buying volume (buy-sell) greater than or equal to 60 USDT of LOOP will be eligible to participate in the lucky draw, and 800 winners will be drawn to receive 312.5 LOOP each.
👉 Buy Now LOOP
II. Fixed Savings Promotion - 60% APY!
LOOP Savings Promotion will offer a 30-day basic financial product in LOOP.
30-DAY: 60% APY
For example,
-
User A has subscribed for 5,000 LOOP with a 30-day lock-up period. After the product matures, the interest earned by user A is
5,000 * 30 * 60% / 365 = 246.58 LOOP
- For this savings promotion, the total available subscription volume of LOOP is 5,000,000 LOOP.
What is BitMart Fixed savings?
Fixed savings pays interest on cryptocurrencies deposited during a pre-set duration.
For Fixed Savings, users cannot redeem funds before the pre-set redemption date. The funds will be redeemed automatically on the redemption date, and both the principal and interest will be paid to the spot wallet, with no transfer or redemption fees.
How to use BitMart Fixed savings?
- Users can subscribe within the period with limited volume, first come first served.
- Please make sure there are enough available funds in the account when subscribing. Our system will calculate the interest of the expected return after redemption according to the subscription volume.
- After the successful subscription, our system will change the status of account assets from available to locked. Users can check the details of the assets held on their assets page.
- When the product matures, it will be redeemed automatically, and the principal and investment return will be paid at once. Users can check the balance status in the assets list.
Terminology Explanation
- Annualized interest rate: annualized interest rate refers to the rate of return gained during the investment period of one year;
- Duration: Duration refers to the time when their assets are locked. During this period, the fund is locked and cannot be traded or withdrawn by the user;
- Total amount / Total subscription amount: it refers to the total amount of financial products issued;
- Time of interest accrual: the time of interest (return) accrual after subscription;
- Expected revenue: expected revenue refers to the revenue based on known information if there are no unexpected events happened. The platform calculates the income formula with subscription amount * annualized interest rate * lock-up days / 365.
- Redemption date: the ending date of the investment product when the payback automatically returns to the available balance.
Note:
- Only registered BitMart users can participate in the promotions.
- Users who use multiple accounts to join will not be qualified for any rewards.
- For the Buy and Win promotion, the rewards will be distributed within 15 business days (not including national holidays, and weekends) after the competition concludes.
- BitMart reserves all rights for the final explanation.
Attention: Use of BitMart services is entirely at your own risk. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance.
Thanks for your support!
BitMart Team
Oct. 12, 2022
