Dear Toobit users,
Toobit's annualized return of up to 100% will be launched on February 4, 2025 at 8:00 AM (UTC).
This round of Toobit Earn will include SOL fixed-term earn products with a lock-up period of 7 days.
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7 Days: 100% APR
For example: A user subscribes to a 2 SOL fixed-term earn product with a lock-up period of 7 days. After the product expires, the interest received by the user is 2 * 100% /365*7 =0.03835616 SOL.
What is Toobit Earn?
Toobit Earn is a digital asset wealth management product launched by the Toobit platform. It provides two options: fixed-term and current. It supports multiple popular currencies, and helps users easily earn stable incomes. The operation is simple and safe, thus allowing your digital assets to appreciate at a good rate.
What is a Fixed Earning?
Fixed Earning is a Toobit Earn product that helps you earn higher interest in your idle crypto assets. Upon maturity, the funds will be automatically redeemed, and both principal and interest will be credited to your spot account.
How does Fixed Earning work?
Interest Calculation Rules for Fixed Earnings:
The interest for Fixed Earning products is estimated by distributing the total earnings after maturity across each day. This amount is then reflected in the valuation of your Earn account.
Example: User A successfully subscribes to the product at 2024-12-11 11:34 (UTC).
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Interest Accrual Start Time: 2024-12-12 00:00（UTC).
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First Interest Distribution: 2024-12-13 00:00（UTC).
Redemption Rules
Fixed-term products will be automatically redeemed at maturity, with both principal and interest credited to the spot account.
Early Redemption Rules
Early redemption will deduct any accrued interest, and funds will be credited within 48 to 72 hours. Once confirmed, the redemption cannot be reversed. Early redemption is only available for certain fixed-term products. Please refer to the product details for specific rules.
What does APR mean in Earn products?
APR (Annual Percentage Rate) is the annualized return rate of a financial product, calculated by extrapolating the product's expected return over the course of one year.
When will my funds be deducted after depositing into the Earn product?
Users' funds will be transferred from the spot account to the Toobit Earn account on the deposit day, with no effect on the total account balance. Users can view their Toobit Earn account assets at any time.
Where can I view my purchased products?
In your Earn Account, select a product type to view all the products you have purchased, along with details such as the currency, estimated annualized interest rate, accumulated earnings, and more.
What are the rules of product subscription?
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All Toobit users can participate in product subscriptions.
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The total amount of this SOL subscription is 520 SOL ;
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The minimum subscription limit is 0.02 SOL ;
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Individual hardcap is 2 SOL ;
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Please note that not all fixed earning products support early redemption. Please refer to the instructions of the selected product for specific rules. For regular products that support early redemption, the interest paid will be deducted.
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The final interpretation right of regular financial activities belongs to Toobit.
*For App users, please update to the latest version to access the Earn function.
We hope that this information helps you understand our new product better. Toobit will continue to provide you with better products and better service!
Team Toobit
25.02.03
Find us:
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Telegram: https://t.me/Toobit_EN
Discord: https://discord.com/invite/vvxTuGTz
YouTube: https://www.youtube.com/@Toobit_official
Reddit: https://www.reddit.com/r/toobit/
Facebook: https://www.facebook.com/toobitofficial
Medium: https://medium.com/toobit-exchange
Toobit reserves the right to modify or cancel this announcement at any time and for any reason without prior notice.
Risk Warning: The prices of digital assets may fluctuate significantly. The value of your investment may increase or decrease, and you may even lose the entire amount invested. You are solely responsible for your investment decisions, and Toobit is not liable for any losses that may occur due to the use of margin trading. This information should not be considered financial or investment advice. Please refer to our Terms of Use and Risk Disclosure for more details.