Bitget Internal AMA with Bitget Earn platform
Hello everyone! I'm Garland, the host of AMA today. I am also the Operation Manager of Bitget English Telegram Community.
Today we have invited Mark from Bitget Earn platform to share the Bitget new products and how users can earn more on Bitget.
Q1. Can you briefly introduce the Bitget Earn platform?
A1: Bitget Earn is a platform for crypto asset management, which focuses on providing professional and high-quality financial management services. Users can invest idle assets or savings into the Bitget Earn platform to manage them more efficiently and increase their profit.
Bitget Earn team members hail from world-famous investment banks, risk hedge funds and other professional institutions, and have rich experience in cryptocurrency investments to provide users with professional and dependable financial services.
Q2. What exactly is Smart Trend?
A2: Leveraging fixed-income assets and options, Smart Trend is our latest innovation towards a new financial horizon. It is a principal-guaranteed product that balances rewards and risks on a fine edge. You can make your predictions with your subscription and enjoy amplified rewards when the price is moving in your favor. Even if you’ve made the wrong bet, you can still enjoy a basic APR at settlement.
You can either subscribe to our bullish product and enjoy benefits when the underlying price goes up, or bearish products for more returns from its depreciation.
All Smart Trend products will settle 7 days after they start earning interest and each product comes with a unique price range and APR.
Q3. What are the advantages of Smart Trend products?
Despite the price fluctuations, Smart Trend guarantees the principal and base APR for long-term crypto holders with a low tolerance for risk.
Guarantee Basic APR Pursue Enhanced Yields
Accurately judging wha t price trend will be at settlement time, investors can definitely enjoy enhanced yields as the price goes further until the maximum APR is reached.
Guess the Right Trend Earn Maximum Returns
As long as investors judge the price trend direction correctly, even if the crypto price knocks out the prespecified price range, investors can always earn the maximum returns.
Q4. How does Smart Trend work and how are earnings calculated?
A4:Take our Bullish BTC Smart Trend product for example. Say it comes with a price range of $28,500 to $31,000 and an APR range of 2.00% to 4.89%. As a subscriber, at the time of settlement:
After subscribing to the Smart Trend Bullish product, if the BTC settlement price < $28,500 at the settlement time, the investor will receive a guaranteed basic APR of 2%.
At the time of settlement, if the BTC settlement price is within the range of $28,500 ≤ BTC settlement price ≤ $31,000, the higher the settlement price, the higher the user's APR, up to a maximum APR of 4.89%.
Within the price range, the APR formula is: Maturity APR = Basic APR + (Settlement Price - Lower Price Limit) / (Upper Price Limit - Lower Price Limit) * (Maximum APR - Basic APR). For details, please refer to the examples of calculating earnings below.
At the time of settlement, if the BTC settlement price > $31,000, no matter how high the price rises, the investor can still obtain the maximum APR of 4.89%.
Try out our Bearish products if you’re bearish on an asset. They work the same way, but the APR goes in the opposite direction to the underlying price change.
Take our Bearish BTC Smart Trend product for example. Say it comes with a price range of $24,500 to $27,000 and an APR range of 2.00% to 8.16%. As a subscriber, at the time of settlement:
1. After subscribing to the Smart Trend bearish product, when the settlement is due, if the BTC settlement price < $24,500, regardless of how low the price falls, investors can still earn a maximum APR of 8.16%.
2. At the time of the settlement, if the BTC settlement price falls within the range of $27,000 ≥ BTC settlement price ≥ $24,500, the lower the settlement price, the higher the user's APR, up to a maximum APR of 8.16%.
Within the price range, the APR formula is: Maturity APR = Maximum APR - (Settlement Price - Lower Limit of Price Range) / (Upper Limit of Price Range - Lower Limit of Price Range) * (Maximum APR - Basic APR). For a detailed calculation of the yield example, please refer to the example below.
3. If the BTC settlement price > $27,000 at the time of settlement, investors will earn a guaranteed basic APR of 2%.
Q5. What are the risks of Smart Trend products?
A5:Smart Trend is a principal-guaranteed structured financial product. It has a fixed lock-up period and cannot be redeemed before the settlement date. The "principal guarantee" of Smart Trend is calculated based on the "crypto standard". Users should consider the loss caused by the depreciation of cryptocurrency relative to the fiat currency.
The other point users need to pay attention to is the prespecified price range will not change after the Smart Trend product officially starts earning interest. However, if the market fluctuates drastically, we will adjust the prespecified price range before the value time starts according to the market situation to ensure that investors can obtain the best returns.
Q6. When can the principal and interest be redeemed? How to subscribe to Smart Trend?
A6: The principal and interest will be redeemed within one day after the end of settlement time.
Subscribe to Smart Trend at link below:
If you want to learn more about Smart Trend products:
Garland: Thank you so much Smith for your support!
I’m excited to be here and I hope everyone can benefit from today’s AMA.
📖 Basic Video Guide for Beginners Support Articles:
Thank you guys for being here. Have a nice day!
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