For those who are interested in Binance Pool, or who are considering it, good news has arrived: today will be the launch of the third phase of the Dual Savings products. Here we explain a little more about the details.
Binance Pool is a full service platform dedicated to improving miners‘ income. Some of its advantages are that it is safe and transparent, offering stable earnings and allowing to close the gap between mining and trading.
Binance Dual Savings: New crypto investment product!
What do you need to know about this third phase of Binance Pool’s Dual Savings products?
According to a publication on its website, Binance Pool will launch the third phase of the Dual Savings products today. They also informed that the subscription format will be on a first come first served basis.
If you’re wondering how long it will last, we should tell you that it will be for a short time. Specifically, it began at 4:00 AM (UTC) today and will last until August 27, 2020 at 4:00 AM (UTC). That is, it will only be available for 24 hours.
Pax Gold is available at Binance.
How can you subscribe?
If you are already registered in Binance Pool, it is as simple as going to the Dual Savings section and entering the registration request icon located in the upper right corner.
You should also know that the calculation method of the settlement price is based on an index of BTC prices in seven different exchanges. These are Bitstamp, Bittrex, Coinbase Pro, Gemini, Kraken, Itbit and LMAX Digital.
During settlement, the highest and lowest prices of these exchanges will be removed from consideration, and the average price of the remaining five exchanges will be used as the final settlement price. The time of settlement is 8:00 a.m. (UTC) on the day the product is due.
Similarly, you must take into account the delivery date. According to the exchange Binance, this refers to the date when the investment product ends. At that time, the funds you allocated for a Dual Savings product will automatically be returned to your Spot wallet, including interest.
However, you should always remember that investment in cryptosavings is subject to high market risk. In this sense, Binance has clarified that it will not be responsible for any direct, indirect or consequential loss, and advises to invest with caution.