Dual Currency Products on Gate.io Finance now include BTC/USDT and ETH/USDT dual financing products. In the BTC section, the maturity dates of the new products range from 1 to 25 days; linked reference prices range from $34,000 to $46,000; the principal and earnings will be settled by BTC or USDT.
In the ETH section, the maturity dates of new products range from 2 to 24 days; linked reference prices range from $2,200 to $3,000; the principal and earnings will be settled by either BTC or USDT.
The Products With Highest Annualised Returns in BTC & ETH Sections Today
For more dual currency products, please refer to: https://www.gate.io/dual_savings
Gate.io Android App has supported Dual Currency Product. Welcome to check your holdings and purchase more products!
*Please note
1. Please refer to the product page for details, terms, and conditions.
2.
Annualized rate of return and is subject to real-time change and market
fluctuations. Please check the latest rate of return before the
purchase.
Dual Currency Product
The
Dual Currency Product is a type of financing product that purchases one
currency (e.g. BTC) and settles earnings in two digital currencies
(e.g. BTC and USDT) on the maturity date. The settlement currency of the
earnings depends on the settlement price at maturity compared to the
linked price.
Take
investment in USDT in the BTC section as an example. The maturity date
of BTC-30JUL21-3000-P is July 30th, 2021, its holding period is 7 days,
its linked reference price is $52,000, and its annualized return is
84.7%. On the maturity date, if
- settlement price < pegged price, settlement currency is BTC, settlement amount = investment amount * (1 + 7*36.15%/365);
-
settlement price > pegged price, settlement currency is USDT,
settlement amount = investment amount * 30,000 * (1 +7*36.15%/365).
Risk Warning:
1.
Gate.io Dual Currency Product is not a principal-protected financing
product, so the market fluctuations may cause some capital loss. Please
invest carefully.
2. How to Calculate the Return of Dual Currency Product
Take
the investment in BTC/USDT dual currency financial products as an
example. The settlement currency you may receive at the time of
settlement is BTC or USDT. On the maturity date, if
-
settlement price < pegged price, and settlement currency is BTC,
settlement amount = (1 + return rate) * amount of purchases;
-
settlement price > pegged price, and settlement currency is USDT,
settlement amount = (1 +return rate) * pegged price * amount of
purchases.
3. The investment
amount is converted with the real-time change of the market. Please
refer to the actual transaction price before the purchase.
4.
The annualized return fluctuates with the real-time change of the
market. Please refer to the actual rate of return before the purchase.
5. The currency holdings can be checked on the page of “My Holdings.” The invested money will be automatically returned to the spot account after the holding period.
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Gate.io Team
August 4, 2021