Bitget to Launch BGB Earn
Dear Global Bitgetters,
In our unstoppable pursuit to bring our users the best and most innovative financial products, we’re proud to introduce BGB Earn, a new way for BGB holders to grow their wealth.
Bitget will launch BGB Earn on April 12, 2022, 8 AM (UTC). Three BGB fixed savings products will be available on the launch date, with plans for many more.
Get ready to earn extra income with your BGB!
The first batch of products to be listed. Subscribe now>>
* Please note there is a total quota on each of the products. Users can subscribe under the individual cap on a first-come, first-served basis.
What is BGB Earn?
BGB Earn is a one-stop hub on Bitget to invest and grow your BGB holdings. You can earn BGB every day by subscribing to a variety of products that support early redemption.
How do I start earning?
Follow the steps below to subscribe to BGB Earn products and start earning today:
- On the Web, go to https://www.bitget.com/en/earn/bgb or log in to https://www.bitget.com/en/ and find BGB Earn under More on the top navigation bar. On App, open Bitget app and tap BGB Earn on the Home page.
- Select a product and click “Subscribe.”
- Enter the subscription amount on the pop-up page.
- Check the agreement box and click “Subscribe” to complete the order.
Am I eligible for BGB Earn?
You are eligible for all BGB Earn products once you have completed the ID Verification. To subscribe to any given product, you need to have the minimum amount required in your Spot account.
How is the daily interest payment calculated?
Daily Interest Payment = Subscription Amount x (Est. APR / 365)
Calculations for interest payments will start on the next day after subscription (D+1), called the value date, and interest payments will be distributed daily to your Spot account starting one day after the value date (D+2) at 08 AM (UTC).
Let's say Alexa subscribes 100,000 BGB to a fixed seven days product with an estimated APR of 4%. She will receive approximately 11 BGB every day for seven days, starting in two days.
Can I redeem my funds before the product expiration date?
Yes, you can redeem your funds at any time starting one day after the value date (D+2). Go to Manage Orders, and click “Redeem” on the right of the selected order. If you redeem your funds early, no interest payment will be generated on that day. Bitget will deduct an amount equal to a portion of your total earnings as an early redemption penalty from your spot account.
Join BGB Holders Group on Telegram today to receive the latest update on new BGB Earn products, participate in airdrops exclusive for BGB holders, and socialize with fellow Bitgetters.
BGB (Bitget Token) is the platform token of Bitget. BGB empowers the entire Bitget ecosystem with various applications and benefits, and helps customers gain wealth and enjoy better trading services. BGB can be used in a wide variety of scenarios: use as futures margins to enter into a futures position, pay Spot and Futures transaction fees at a discount, hold for rewards, and participate in the token sale of Launchpad projects.
For more information on BGB, please visit: https://www.bitget.com/en/mybgb on the web browser, or tap the “BGB” icon on the upper right of the Home page on Bitget app.
Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their own research and invest at their own risk.
Thank you for your attention and support!
April 12, 2022
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