Binance Savings Products - ERD lauching soon!

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Ermmm... at least the risk is minimal.

See below for more information. I got them from Binance website.

 

Binance will launch the 22nd phase of Binance Savings Products at 2020/06/12 12:00 PM (UTC), where 7-day and 14-day fixed-term locked savings products will be made available. Further details are below: 

  • Subscription Format: First-come-first-served basis.
  • Subscription Period: From 2020/06/12 12:00  PM (UTC) to 2020/06/13 12:00  PM (UTC).
  • Interest Calculation Period: 2020/06/13 12:00 PM (UTC) to the end of each respective product period.
  • Interest Payout Time: Immediately after loan term matures.

Savings Product Details

Digital Asset

Term to Maturity

Total Subscription Cap

Individual Cap

Annualized Interest Rate

Lot Size

Interest Per Lot at Maturity

ERD

7-day

150,000,000 ERD

5,000,000 ERD

10%

200,000 ERD

383.561643 ERD

ERD

14-day

150,000,000 ERD

5,000,000 ERD

12%

200,000 ERD

920.547945 ERD

 

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