The leading cryptocurrency exchange, Binance, has announced the launch of its new batch of Dual Investment products. These products offer users the opportunity to maximize their rewards through the Sell High or Buy Low options. The subscription for these products will begin on May 31, 2023, at 10:00 UTC, and will be available on a first-come, first-served basis.
Dual Investment allows users to select their desired price and settlement date in the future without any additional fees. By subscribing to Dual Investment products, users can earn rewards on a variety of popular cryptocurrencies.
For those looking to accumulate high rewards on their cryptocurrency holdings or sell their deposit currency for a higher price in the future, the Sell High option is available. The deposit currencies accepted include BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE, and LTC. The settlement dates for the Sell High option range from June 6, 2023, to December 29, 2023.
On the other hand, users who aim to accumulate high rewards on stablecoin holdings or buy cryptocurrencies at a lower price in the future can opt for the Buy Low option. The accepted deposit currencies for this option are BUSD and USDT, and the cryptocurrencies available for purchase include BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE, and LTC. The settlement dates for the Buy Low option align with those of the Sell High option.
To get started with Dual Investment, users need to visit the Dual Investment page on Binance’s platform. From there, they can choose the cryptocurrency they wish to buy or sell, select the Sell High or Buy Low option, set their target price and settlement date, enter the subscription amount, and enable or disable the Dual Investment Auto-Compound feature. Once these steps are completed, the subscription process is finalized.
It is important to note that Dual Investment may halt accepting new subscriptions at any time. The annual percentage rate (APR) for these products will fluctuate in real-time before the subscription but will be locked in once the subscription is completed. Furthermore, Dual Investment products cannot be redeemed before the designated settlement date.
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For further guidance on the subscription process and a detailed explanation of Dual Investment, users can explore the Dual Investment Beginner Mode, which provides a step-by-step guide. Additional information, including a glossary and calculation methodology, can be found here.
