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Bitget to Launch BGB Earn Phase II

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Dear Global Bitgetters,

 

Bitget is excited to launch BGB Earn Phase II on May 10, 2022 12 PM (UTC). Our first phase of BGB Earn is very successful, as the 14-day product is sold out in less than an hour. Remember, there is a total quota on each product, so mark your calendar and subscribe before it is sold out!

Get ready to earn extra income with your BGB!

 

The second batch of products to be listed. Subscribe now>>

Coin

Duration

Est. APR

Payment

BGB

3 days

3.5%

Interest will be paid daily, starting one day after the value date (D+2).

Principal will be returned on the redemption date.

BGB

7 days

6%

Interest will be paid daily, starting one day after the value date (D+2).

Principal will be returned on the redemption date.


* 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 an asset management platform 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:

  1. 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.
  2. Select a product and click “Subscribe.”
  3. Enter the subscription amount on the pop-up page.
  4. 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) 

After subscription, interest will be calculated on the next day (D+1), also known as the value date, at 08 AM (UTC), and will be issued to your Spot account on a daily basis 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-day product with an estimated APR of 6%. 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 order you wish to redeem. 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.

 

About BGB

BGB (Bitget Token) is the platform token of Bitget. BGB empowers the entire Bitget ecosystem with various applications and benefits, 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 this link (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.

 

Thank you for your attention and support!

 

Disclaimer:

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.

 

Bitget Team

May 9, 2022

 

[Contact Us]

Customer Services: [email protected] 

Market Cooperation: [email protected] 

Quantitative Market Maker Cooperation: [email protected] 

 

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