Huobi Global Launches Third PrimeEarn Event With US$230 Million In Assets For Deposit

The post Huobi Global Launches Third PrimeEarn Event With US$230 Million In Assets For Deposit appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Huobi Global, one of the world’s leading digital asset exchanges, has announced the launch of its third PrimeEarn event, which aims to help its users to gain stable profits amidst a volatile market.

This launch comes on the heels of the PrimeEarn Everyday event which was held earlier this month and concluded with deposits in excess of US$300 Million. 

PrimeEarn is a fixed deposit product that allows investors to stake their assets for set periods, as short as a week or as long as a month, in exchange for a return amount.

An easy and relatively risk-free way to get started with investing, products like PrimeEarn are gaining traction in the crypto community by incentivizing fixed deposit investors with a high Annual Percentage Yield (APY).

Given how many financial management products in the market are flexible deposit products with low APY, PrimeEarn events have proven popular among investors since PrimeEarn’s  launch at the end of 2021. 

PrimeEarn’s third and latest event will reward investors with higher APYs and will include the following:

• Deposit for main assets and popular assets: USDT, BTC, ETH, HUSD, UST, SOL and MATIC.
• APY ranging from 5% to 35%. 
• Staking period: 14 days
• Maximum bet limit of US $230 million
• No individual cap

The 14-day APYs for staking assets such as SOL and MATIC can reach  as high as 35% — nearly twice the yields of competing products in the market.

“The products from the first two campaigns were sold out in about 4 days, so we decided to increase the frequency of holding PrimeEarn events in order to cater more market needs,”  said Jeff Mei, Director of Global Strategy.

“In addition to APYs which can go as high as 35%, we’re giving out 50,000 pieces of 100% APY booster coupons this time, which can add significantly to the base APY. I believe our users will be more than satisfied with their rewards.”

Starting at 11:00 (UTC) on Feb 23 2022, users will be able to wager assets on PrimeEarn in exchange for APY of up to 35%. 

3rd PrimeEarn Event　

Promotion Period: 11:00 on Feb 23, 2022 – 11:00 on Mar 2, 2022 (UTC)

Qualification: Complete ID verification

Event: Deposit any or all of the below assets on a first-come, first-served basis. 

APY Booster Coupons 

Users can deposit no less than 100 USDT to win lucky draw chances and gain APY booster coupons. Users who obtain the best coupons can add up to 100% to their base APYs. 

Key clients who deposit assets worth no less than 1 million USDT will be able to acquire an APY booster coupon ranging from 0.8% to 1.5% with no individual cap for amount deposited t.

The coupons will boost APY for 30 days. 

Users can also purchase BTC, ETH or USDT products with Huobi Dual Investment to enjoy up to 300% APY.  New users of Huobi Dual Investment will be rewarded with a 50% APY booster coupon. 

To learn more about the event, click here. To invest in PrimeEarn, click here.