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Gate.io HODL& Earn Launches “SharkFin BTC 6-Day No.1”, Estimated Reward of 3%-15% P.A.

2021-01-20 23:05:17Read:21666

Gate.io HODL& Earn will launch its first shark fin structured product“Shark Fin BTC 6-Day No.1” on Jan 23rd, at 4:00 AM UTC, with an estimated return of 3%-15% P.A. The total lock-up amount is capped at 300 BTC, with a lock-up period of 6 days. The shark fin product is principal protected. Participate in via https://www.gate.io/hodl/328
or Tap Finance on markets screen and then tap “HODL&Earn”on the APP.

How does the 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 $33,500, or is equal to or above $37,500, 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 ($33,500-$37,500), investors will get a return up to 15% APR. (The closer to the $37,500 level, the higher the return rate).



Specifications of Shark Fin BTC 6-Day No.1
1. Lockup currency BTC
2. Zero handling fee.
3. Return: floating interest rate, ranging from 3%-15% APR
4. Interest currency: BTC
5. Subscri-ption starts-Lockup ends: Saturday 4:00 AM-next Saturday 4:00 AM
6. Lockup period: 6 days
7.Settlement Time: 3:00-4:00 AM UTC , Saturday
8. Observation period: Saturday 12:00 PM- next Friday 12:00 PM UTC
9. 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.
10 If the market fluctuates drastically before the observation period starts,, we will adjust the price range to maximize investors’ return.

What is a Shark Fin Product?
Gate.io Shark Fin is a capital protected investment product. If the underlying asset price is within the pre-specified range, the investor will get a higher yield. Otherwise, the investors will get a minimum return (about 3% APR).



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
January 21, 2021

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