BitMart Will Support POSS Savings Promotion Soon!

BitMart will start POSS wealth management activities at 18:00 on October 18, 2022 (UTC+8).

This financial activity will open POSS Fixed savings products with a lock-up period of 7/14/30 days:

  • 7 days: 40% POSS
  • 14 days: 90% POSS
  • 30 days: 150% POSS

User A subscribed for a 5,000 POSS Fixed savings product with a lock-up period of 30 days. After the product expires, the interest earned by user A is:

5,000 * 30 * 150% / 365 = 616.43 POSS.

The total amount of this subscription is 80,000 POSS for 7-day products , 160,000 POSS for 14-day products and 320,000 POSS for 30-day products.

The total amount of this subscription is 560,000 POSS.

Try BitMart’s Fixed Savings

What is Fixed savings?

Fixed savings pays interest to users who deposit digital currency, but unlike flexible savings, it has a defined period. Funds must remain in the account as required until maturity in order to earn the corresponding interest.

For Fixed savings management, users cannot redeem funds before the pre-set redemption date. Funds will be automatically redeemed on the value date, and both principal and interest will be paid to the spot wallet without any transfer or redemption fees.

Open BitMart’s Crypto Account

How to use Fixed savings?

Each product can be purchased as long as it is within the subscription period, and the quantity is limited, on a first-come, first-served basis.

Please make sure that there are enough available funds in the account when purchasing. According to the input purchase quantity, the system will calculate the interest of the expected profit after redemption for you.

After the subscription is successful, the system will change from the available status of the account assets to the locked status. You can view the details of the products you hold in the subscription record on the subscription details page.

When the product expires, it will be automatically redeemed, and the principal and income will be credited to the account at one time. You can check the balance status in the asset list.

Try BitMart’s Fixed Savings