Binance Pool Launches 32nd Phase of Dual Investment Products

 Announcements    |      2021-03-03
Fellow Binancians,
Binance Pool will launch the 32nd phase of Dual Investment products on 2021-03-03 (UTC).
  • Subscription Format: First-come, first-served basis.
  • Subscription Period: 2021-03-03 4:00 AM - 2021-03-04 4:00 AM (UTC)
Dual Investment Product Details (Subscribe now)
Digital Asset
Days
Annualized Interest Rate
Ref. Strike Price (USD)
Limit
Delivery Date
BTC
15 Days
90%
$51,500
50 BTC
2021-03-19
BTC
22 Days
20%
$62,000
50 BTC
2021-03-26
USDT
15 Days
74%
$46,500
1,000,000 USDT
2021-03-19
USDT
22 Days
46%
$44,000
1,000,000 USDT
2021-03-26
BUSD
15 Days
74%
$46,500
1,000,000 BUSD
2021-03-19
BUSD
22 Days
46%
$44,000
1,000,000 BUSD
2021-03-26
Example: A user buys a share of a Dual Investment product worth 1 BTC (the strike price is $X and the annualized interest rate return is Y%). When the product expires on the delivery date:
  • If the BTC settlement price ≥ the strike price, then the user's settlement currency will be BUSD. The user will receive 1 * X * (1 + Y% / 365 * deposit days) BUSD.
  • If the BTC settlement price is < the strike price, then the user's settlement currency will be BTC. The user will receive 1 * (1 + Y% / 365 * deposit days) BTC.
Note:
  • The actual strike price of the contract may not reflect the Ref. Strike Price in the initial announcement. The actual strike price will be adjusted according to the spot price changes in the 24 hours after the initial offer period. The referred spot price is $49,000.
  • Users can view their Dual Investment assets by going to Finance > Binance Earn > Dual Investment > Order record icon on the upper right corner.
  • The calculation method of the settlement price is based on an index of BTC prices across different exchanges. The settlement time is 8:00 AM (UTC) on the day the product expires.
  • Delivery Date: Refers to the date the Dual investment product ends. On this date, the funds you allotted for a Dual Investment product will be automatically returned to your Spot wallet, including the interest.
  • Settlement Currency: Refers to the payment currency, which is determined based on the maximum principal return on the delivery date. The specific settlement currency depends on the difference between the settlement price and the pegged price on the delivery date.
  • Account Time: The funds generally arrive in the spot account within 48 hours when the Dual Investment products expire.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make its best effort to choose high-quality coins but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2021-03-03
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