Binance Earn Unveils Feature Letting Users Buy Crypto at a Discount
Main Idea
Binance introduces a new product in its Earn portfolio called Discount Buy, allowing users to lock in market rates or earn a fixed APR by purchasing cryptocurrencies like Bitcoin, Ethereum, BNB, or Solana under preset conditions.
Key Points
1. Discount Buy enables users to purchase cryptocurrencies at a locked market rate or earn a fixed APR if the purchase does not meet certain conditions.
2. The product supports assets such as Bitcoin, Ethereum, BNB, and Solana, targeting low-volatility markets.
3. Users subscribe using stablecoins (e.g., USDC or USDT) and select a fixed-term product with preset conditions, including a Purchase Price, Knockout Price, fixed APR, and Settlement Date.
4. The Settlement Price is determined by the average market price over a 30-minute window on the Settlement Date (07:30–08:00 UTC).
5. Once subscribed, the Purchase Price, Knockout Price, duration, and APR are fixed and cannot be changed.
Description
The flagship product will enable customers to make advanced purchases of cryptocurrency in markets with lower volatility. There will be several possible scenarios for placing orders, all of which are supposed to work in the user’s favor. Pre-Order Your Crypto In a press release shared with CryptoPotato, Binance, the company behind one of the largest blockchain ecosystems and exchanges, announced the launch of Discount Buy today. This is a new product from Binance’s Earn portfolio, enabling patro...
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