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Cryptocurrency News Articles
BitMart Lists BAD, Shiba Inu's AI Partner Token, on Its Fixed Savings Product
May 23, 2024 at 04:27 pm
Popular crypto exchange BitMart announces a limited-time flash sale for Shiba Inu’s artificial intelligence partner token Bad Idea AI (BAD).
Shiba Inu’s artificial intelligence partner token Bad Idea AI (BAD) has sold out of a limited-time flash sale on Popular crypto exchange BitMart.
According to an announcement on Monday, the exchange offered an annualized percentage yield (APY) of 75% for BAD on its Fixed Savings product.
“To celebrate @badideaai $BAD listed on BitMart, BitMart Earn is offering a limited-time flash sale for Fixed Savings product on BAD & enjoy 75% APY!,” an excerpt from the announcement read.
🔥To celebrate @badideaai $BAD listed on BitMart, BitMart Earn is offering a limited-time flash sale for Fixed Savings product on BAD & enjoy 75% APY!
💎30-Day💎75% APY
🚀EARN: https://t.co/MVMYcwZtMs 👉Details: https://t.co/IetrB2engo#BitMart #cryptocurrency pic.twitter.com/3h3TeBFAtQ
— BitMart (@BitMartExchange) May 22, 2024
For context, BitMart rolled out support for BAD on its Fixed Savings program on Monday at 08:00 PM (UTC). The exchange offered an estimated return of up to 75% for BAD, with a lock-up period of 30 days.
To put it into perspective, a BitMart user who subscribes with 5,000 BAD with a 30-day lock-up period will earn an interest of 308.21 BAD.
The interest is calculated by multiplying the user’s principal by the annualized interest rate of 75%. Afterward, the total is then multiplied by 30/365. Users cannot redeem their funds until the scheduled redemption date. The funds, including the principal and interests, will be paid to the users’ spot wallet at zero fees on the redemption date.
Notably, the fixed savings product for BAD has a total subscription volume of 56,760,000,000 (56.76 billion) BAD. Consequently, subscription to the product is based on a first-come-first-serve basis.
At press time, the fixed savings product for BAD has already sold out.
BitMart’s Support for BAD
Meanwhile, BitMart’s support for Shiba Inu’s partner token dates back to July 2023. At the time, the exchange listed BAD for spot trading under the BAD/USDT pair.
Furthermore, the exchange expanded its support for BAD by rolling out a fixed savings product for the token on September 6, 2023, featuring a 90% APY and a 30-day lock-up period. The previous savings program had a subscription volume of 1.59 trillion BAD tokens.
On November 29, BitMart offered a 24-hour flash sale for its users, allowing them to purchase BAD at a discount of 50% below the asset’s 7-day average price.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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