Crypto exchange BitMart begins new set of yield producing subscriptions

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BitMart, a bitcoin and cryptocurrency exchange platform, has now begun the second phase of an interest-earning subscription account service. BitMart Lending Phase II offers 30-day basic along with 7-day and 60-day premium subscription types.

Each coin has a corresponding investment term and yield. After subscription, the principle will be locked, and the interest will be calculated according to the agreed time. After the product matures, the principal and interest are unlocked and distributed into the user’s wallet on the redemption date.

See below the product list for detailed information:

For example: User A has subscribed for 1 BTC with a 30-day lock-up period. According to the above list, after the product matures, the interest earned by user A is 1 * 5% * 30/365 = 0.00410959 BTC.
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