Dear Bitrue User,
We're introducing our new event "Hold BTR For A Higher Power Piggy Interest Rate". The more BTR you hold in Power Piggy, the higher your interest rate for all funds goes up!
Launch time: 30th June 2019, 00:00 (UTC+8)
First distribution time: 1st July 2019, 00:00 (UTC+8)
1. Tiered interest rates will be calculated based on the proportion of BTR to total funds held in Power Piggy at the time of distribution. The calculation formula is as below:
The proportion of BTR to total funds held in Power Piggy = Amount of BTR held by the user * BTR market price / Total funds held by the user in Power Piggy
2. M stands for the proportion of BTR to total funds held by a user in Power Piggy, and N stands for the annual interest rate of Power Piggy. By holding BTR, you can enjoy the below tiers of increased interest rates:
When 2%<=M<5%, N=7.55%
When 5%<=M<10%, N=7.95%
When 10%<=M<15%, N=8.6%
When 15%<=M<20%, N=9.3%
When M>=20%, N=10%
3. All funds held in Power Piggy are eligible to enjoy the increased interest rate.
At the time of Power Piggy’s interest distribution, a user holds 200k BTR and his total funds held in Power Piggy are worth 100k USDT. The BTR market price is 0.05 USDT.
The proportion of BTR to his total funds held in Power Piggy is 200,000 * 0.05 / 100,000 = 10%. This user will therefore enjoy an interest rate of 8.6% on all of their funds held in Power Piggy.
Once we launch the event "Hold BTR to Increase Your Interest Rate", the previous event of "Hold Stablecoins for Increased Interest Rate" will be closed. Users who participated in the "Hold Stablecoins for Increased Interest Rate" event before June 26th 2019, and who still hold stablecoins worth more than 5,000 USDT, will still enjoy the profit upgrade.Users will withdraw from the previous event when the value of the stablecoins they hold falls under $5000.
Thank you for your support!
1st July, 2019