Gate.io will launch a Bearish BTC SharkFin product with an annualized yield of 2%~30%. The product is to be pre-sold from 4:00 on May 19th to 4:00 on May 20th UTC. The total position reaches 300 BTC, the lock-up period is 6 days, and the price range is $23,000 - $27,000. You're welcome to participate!

　　You're welcome to be part of the Bearish BTC SharkFin

　　Join Gate.io HODL & Earn Telegram group

　　Gate.io Structured Products Team will give you the best advice on which structured products are suitable for you best based on market conditions. Moreover, during the actual operation, the product parameters will be adjusted according to the BTC price and market conditions issued at that time. In this way, we can offer you a better chance to obtain a high rate of return.

　　How does the Bearish Shark Fin product generate a return on investment？

　　1) During the observation period, if the prices of the target asset always stay within the per-specified price range , users can earn a higher annualized income ; At settlement, the closer the prices of the target asset are to the lower limit of the price range, the higher the annual return.

　　2) During the observation period, if the prices of the target asset fall out of the lower limit of the price range but didnt above the upper limit of the price range, the user will obtain a medium yield.

　　3) During the observation period, if the prices of the target asset more than the upper limit of the price range , the user will obtain the guaranteed yield rate.

　　Specifications of the Bearish SharkFin_20220520 Product

　　1. Lockup currency: BTC

　　2. Return: floating interest rate, ranging from 2%-30% APR

　　3. Interest currency: depend on lockup currency

　　4. Subscription Time: May 19th 4:00 - May 20th 4:00

　　5. Lockup period: 6 days

　　6. Interest calculation start time: 4:00 on May 20th, UTC time

　　7. Settlement Time: 4:00 on May 27th, UTC time

　　8. Observation price: refer to the BTC/USDT perpetual contract price on Gate.io

　　9. If at any time during the observation period, the price is below the per-specified price range, the product is settled on a 2% APR; if the price is above the per-specified price range, the product is settled on an 5% APR. If prices always stay within the price range, the return rate will be determined according to where BTC/USDT perpetual contract price falls on Gate.io at 4:00 on May 27th UTC.

　　Users can go to the Gate.io official website to experience a variety of new high-yield financial products. We will release new arrivals every day.

　　View more on Structured Financial Products

　　Gate.io is a Cryptocurrency Trading Platform Since 2013

　　Top ranking, Trustworthy, Transparent

　　Sign up to enter the crypto gateway and get 40% commission from referrals

　　Download iOS/Android App right now.

　　Reach out to us!

　　Twitter: https://twitter.com/gate_io

　　Telegram: https://t.me/gate_io

　　Instagram：https://www.instagram.com/gateioglobal

　　Medium：https://medium.com/@gateio

　　Podcast: https://gateio.buzzsprout.com/？ch=buzzs

　　Gate.io Team

　　May 19