Binance Passive Earning Platform Issues New Quotas In 2 Days
The Binance team announces the launch of the fourth phase of the Binance Lending project. Now users will be able to receive a fixed profit through financing margin positions. Information about this was published in the company's blog.
— Binance (@binance) September 16, 2019
The start is scheduled for September 18, 06:00 UTC. The fourth stage of Binance Lending will provide financial products with a fixed loan term (14 days). To other details:
- The work format implies a lively turn: the first applicants will be able to get the right to participate in the program;
- application period: from 06:00 UTC September, 18 to 00:00 UTC September, 19;
- interest is paid immediately upon the expiration of the loan.
The table of available digital assets and the details of working with them are as follows:
If the user subscribes to 10 lots of BNB (14 days) of lending (total loan amount of 100 BNB), interest received after the specified period will be equal to 0.38356 BNB (0.038356 BNB * 10).
Recall, Binance Lending was opened on August 28. Initially, work on the platform was available with USDT, BNB, and ETC. During the second phase, the number of assets was expanded to eight. In the third stage, 6 cryptocurrencies became available to users.
Offers presented on the platform are in demand. So, during the period of raising funds for participation in the first round of Binance Lending, the available quotas for some cryptocurrencies ended a few seconds later.