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Bold Predictions, Soaring Yields - Bitget Range Sniper Tutorial

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2023-05-08
Bold Predictions, Soaring Yields - Bitget Range Sniper Tutorial
Trading cryptocurrency can feel like navigating a minefield: one false move and your savings could go up in smoke. But what if there was a way to disarm explosives, safely traverse the crypto world, and enjoy high yields at the same time? Bitget’s Range Sniper is the answer you've been searching for, helping you ride the waves of m arket volatility with confidence.

What is Range Sniper?

A non-principal-guaranteed financial product, Bitget’s Range Sniper allows investors to speculate on the underlying’s price change with a guaranteed basic APR and offers settlement in two cryptocurrencies. With a similar APR chart to our Shark Fin product, Range Sniper yields a higher return for those bold enough to take on higher risks and holds up a higher safety net even when the market moves against your predictions.

How does Ranger Sniper work?

We offer two types of Range Sniper products: Bullish and Bearish.
Our Bullish Range Sniper products allow you to profit more off of the underlying’s appreciation within a certain price range. Take our Bullish-USDT/BTC-Range Sniper for example, it comes with a price range of $28,000 to $31,000 and an APR of 20.00% to 382.94%. Say you subscribed to this product with 14,000 USDT, and the investment period is 7 days.
After subscribing to it with USDT, at the time of settlement:
Bold Predictions, Soaring Yields - Bitget Range Sniper Tutorial image 0
Earnings Case 1: If BTC drops below or at $28,000, you will earn our guaranteed 20.00% APR, and you will be settled in BTC.
Earnings formula = Investment Amount / Price range lower limit * [1 + (Investment Period/365) * Basic APR]
(14,000 / 28,000) * (1 + 20% * 7/365) ≈ 0.501917 BTC
Earnings Case 2: If BTC is trading between $28,000 and $31,000, say at $30,000, this case you will be settled in USDT with an extra APR that scales proportionally to the difference between BTC’s settlement price and $28,000 with the highest total APR being 382.94% at $31,000;
Final APR = Basic APR + (Settlement Price - Price range lower limit) / (Price range upper limit - Lower limit) * (Maximum APR - Basic APR)
20% + (30,000 - 28,000) / (31,000 - 28,000) * (382.94% - 20%) = 261.96%
Earnings formula = Investment Amount * [1 + (Investment Period/365) * Final APR]
14,000 * (1 + 261.96% * 7/365) = 14,703.34 USDT
Earning Case 3: If BTC goes above $31,000, you will earn our guaranteed 20.00% APR in USDT.
Earnings formula = Investment Amount * [1 + (Investment Period/365) * Basic APR]
14,000 * (1 + 20% * 7/365) = 14,053.69 USDT
Our Bearish Range Sniper products work the same way, but the APR goes in the opposite direction to our Bullish products. Say you subscribed to our Bearish-BTC-Range Sniper product with 1 BTC with an investment period of 7 days and the product comes with a price range of $26,000 to $29,000 and an APR of 10.00% to 387.09%.
At the time of settlement:
Bold Predictions, Soaring Yields - Bitget Range Sniper Tutorial image 1
Earnings case 1: If BTC drops below or at $26,000, you will earn our guaranteed 10.00% APR and you will be settled in BTC.
Earnings formula: Investment amount * [1 + (Investment period / 365) * Basic APR]
1 * (1 + 10% * 7/365) ≈ 1.001917 BTC
Earnings case 2: If BTC is trading between $26,000 and $29,000, say at $27,000, you will be settled in BTC with an extra APR that scales proportionally to the difference between BTC’s settlement price and $29,000 with the highest total APR being 387.09% at above $26,000.
APR formula: Final APR = Maximum APR - (Settlement price - Price range lower limit) / (Price range upper limit - Price range lower limit) * (Maximum APR - Basic APR)
387.09% - (27,000 - 26,000) / (29,000 - 26,000) * (387.09% - 10%) = 261.4%
Earnings formula: Investment amount * [1 + (investment period / 365) * Final APR]
1 * (1 + 261.4% * 7/365) = 1.050131 BTC
Earnings case 3: If BTC goes above $29,000, you will earn our guaranteed 10.00% APR and you will be settled in USDT.
Earnings formula: Investment amount * Price range upper limit * [1 + (investment period / 365) * Basic APR]
1 * 29,000 * (1 + 10% * 7/365) = 29,055.61 USDT

A Tutorial on Range Sniper

To subscribe to our Range Sniper product, sign up or log in to your Bitget account.
Click on ‘Range Sniper’ under ‘Earn’ from our top navigation bar or enter via this link.
Bold Predictions, Soaring Yields - Bitget Range Sniper Tutorial image 2
Browse through our plentiful list of Range Sniper products and click on ‘Subscribe now’ to make your choice. We have new Range Sniper products available on a daily basis with durations ranging from 2 to 7 days. You can pick one that aligns with your predictions and best suits your risk appetite and expectations of asset utilization.
Bold Predictions, Soaring Yields - Bitget Range Sniper Tutorial image 3
Inspect all information displayed in the popup window, enter the amount of your subscription, tick the box, and click on ‘Confirm’.
Bold Predictions, Soaring Yields - Bitget Range Sniper Tutorial image 4
You can check all your ongoing and past subscriptions via this link or under the ‘Range Sniper’ tab in your Earn account.

Before you subscribe

Bitget’s Range Sniper profits off of market volatility and safeguards your hard-earned assets with a guaranteed APR. Investors will opt-in by locking up their assets until settlement and receive their principal plus interest 24 hours after settlement.
However, as a non-principal-guaranteed financial product, Range Sniper is inherently riskier than our principal-guaranteed products such as Shark Fin or Smart Trend. We advise that you thoroughly evaluate your risk tolerance and implement robust risk mitigation methods. Bitget reserves the right to change each product’s price range before it starts earning interest.
Sign up now to start exploring our plentiful pool of financial products at Bitget!
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