The ongoing crypto crash has wiped away about 1.4 trillion dollar if we consider crypto general price from the peak and this has affected 90% of crypto investors.
In the midst of this saga, investors/ crypto holders are looking for opportunity within the space that will allow them to at least increase their holding either in quantity of asset they hold or in $$ fiat, just to be in a safe and profit arena, this is while one of the Binance products I want to share is very important.
Binance Dual Investment
Binance exchange is the number one centralized exchange in the world of crypto with above $25,037,751,399 trading volume in 24hours which shows that no cause for alarm when talking about liquidity and this positioned Binance in appropriate angle of creating amazing opportunities for her users to earn while they hold their assets on the platform (exchange).
Let's talk about Binance Dual Investment
What is Binance Dual Investment or Dual Savings?
This is an investment that positions investor in a condition to earn profit no matter where the position of market goes (either dip or rise in price action).
Interesting, you say?
Binance Dual Investment via Binance pool initiative reward every investor that subscribes to the investment features by locking their assets for a specific period after successfully select the price of that asset at the beginning of their investment engagement.
What do I mean?
There are five important terms attached to Binance Dual Investment which you need to understand.
1. Investment Date: This is the actual day you subscribe to the dual saving
2. Expiry Date: This is the actual day of redeeming your investment with profit gained.
3. Strike Price: This is the baseline of your investment because it is the price you selected that determines the category of reward you will get. ( You either be in BTC or BUSD)
4. Settlement Price:* This is the actual price at the expiry date of the investment.
5. Rate of Return: This is the determining factor of how your return will be.
6. Annualized Rate of Return: This is the return rate you get if your investment is spread over 360 days or 1year approximately.
An Illustration.
Julius holds some BTC and, due to fluctuations in crypto price action, he decides to saving his coin in dual savings of Binance.
If Julius select a strike price of $36,000 for BTC and deposited his BTC ( minimum of 0.0001), two things are bound to happen.
- BTC rise above Julius’ strike price ( maybe $37,000)
- BTC dip below Julius’ strike price ( maybe $34,000)
This is what Julius gets on the expiring date.
For the first scenario, if BTC greater than or equal to the strike price, the BTC deposited on the expiry date to be converted to BUSD in the rate of BTC price at the settlement date plus the profit margin, which is determined by APR.
On the other hand,, if BTC is less than the strike price, the. BTC deposited on the expiry date will return back to the spot wallet plus the profit margin gained which is determined by APR.
This is amazing You have nothing to lose, only that due the period of your investment, you can’t access your fund until the investment period is settled.
Watch the practical way on Binance Dual Investment
Binance always look for features that will benefit their users and this mission of freedom of money that Binance preaches is real. What are you waiting for?
Click on Registration Link and get register to start leveraging on all the amazing products on the exchange.
You can read more about Binance Dual Investment here