Bitcoin, with its limited supply schedule, has proven to be a viable asset class for investors who are concerned about inflation and looking to diversify their existing portfolios. However, Bitcoin has also prompted a sense of trepidation in many investors due to its wild price volatility.
People seeking a stable income would probably wonder if there are less risky methods available for investing in Bitcoin and other crypto-assets. Crypto-based financial products are aplenty in the market, offered by the likes of Binance Earn, okx Earn, Kucoin Earn, etc. Upon closer scrutiny, most of these are flexible deposit products with low annualized percentage yields (APYs), depending on the asset deposited.
To cater to the market demand, Huobi Global, one of the world’s leading digital asset exchanges, launched its PrimeEarn product in December 2021, providing crypto investors with high APY for staking tokens. In contrast to the flexible deposit products mentioned above, PrimeEarn is a fixed deposit product that plays an important role in the market by offering incentives for crypto investors to hold onto their assets for longer periods of time.
Huobi PrimeEarn has proven popular among investors since its launch, with most of the products offered sold out within a few hours after going live. What are the attributes that make Huobi PrimeEarn stand out from the competition? Let’s take a closer look.
The fixed deposit advantage
From an APY perspective, the longer a product’s investment period, the higher the expected rate of return.
Flexible deposit products are time-consuming; time is taken up when funds are transferred from account to account, deposited or withdrawn, increasing idle time. However, the long-term deposit period offered by Huobi PrimeEarn means you can effectively avoid these problems and reduce income loss from idle funds. What’s more, the APYs for fixed products are usually higher than those of flexible products.
Why Huobi PrimeEarn?
Mainstream and popular assets offered
Huobi PrimeEarn provides various asset products for each event it launches. Assets that have been offered for fixed deposits from its 1st event till now (7th event) include USDT, UST, HUSD, BTC, ETH, AXS, DOT, MATIC, LUNA, ATOM, AVAX, and KSM.
The APYs offered for each asset are higher than the competition, but can vary by event. For instance, the 14-day APYs for staking BTC, USDT, and ETH reached 12% during the first event. During the 3rd PrimeEarn event, the APYs for depositing assets such as SOL and MATIC reached as high as 35% — nearly twice the yields of competing products in the market.
No individual cap
Huobi PrimeEarn sets no cap for an individual’s deposit amount.
APY rate hike coupons
Apart from the high APY products, users can obtain APY rate hike coupons to enjoy higher APY.
Seventh PrimeEarn event
In its latest PrimeEarn event, Huobi Earn also introduced a “Friend Invitation” program to engage and reward both inviters and invitees.
During the event period, participants can invite at least one friend in order to gain APY rate hike coupons and enjoy APY as high as 14% and 11% for USDT and ETH deposit, respectively. Invitees are required to deposit at least 10,000 USDT worth of assets. Each invitee can acquire the same APY coupons as their inviters.
Event period: 19:00, March 23 – 19:00, March 30 (UTC+8)
“We’re operating in volatile market conditions, which may not be ideal for crypto investors seeking more stability,” said Du Jun, Co-Founder of Huobi Global. “Our weekly PrimeEarn events will cater to the needs of such investors, offering them the option to deposit and hedge risk while also gaining returns. We hope every user can invite their friends to participate in PrimeEarn and, together, enjoy the benefits offered.”
Disclaimer: This is a paid post and should not be treated as news/advice.