On June 3, 2020, Bitrue, a cryptocurrency exchange based in Singapore, announced via twitter that they had unveiled a new way for users to earn passive income on their idle digital assets.
By using the Power Piggy, users can now earn passive revenue on their EOS coins at a baseline interest of 5.3%, starting with the interest distribution on June 5 at 16:00 UTC.
Bitrue allows cryptocurrency holders to earn interest on their holdings by lending them out to borrowers. There are two-time windows each day at 10:00 (UTC+8) and 22:00 when users can invest their EOS, LTC or BCH.
Deposits can be withdrawn at any time, and interest on locked EOS coins is paid out each day, making the program a great way for crypto lovers to experiment with non-legacy financial platforms.
Users can also choose the “Fixed-term investment”, where their funds are locked up for 30 days in exchange for higher interest rates.
EOS Comes To Piggy Power
The Power Piggy program is a way for you to earn interest on a wide range of cryptocurrencies, including many of the popular coins such as XRP, BTC, ETH, and most recently, EOS, LTC and BCH.
Rates are adjusted occasionally and are currently 5.3% for BTC and ETH, and 10.3% for USDT.
So far, the Power Piggy program has attracted a lot of attention from the wider crypto communities. Bitrue users are also able to conveniently take out a crypto-backed loan in order to use borrowed coins on other investment opportunities.
Lock BTR to Earn Higher Rates
In order to provide long-term sustainability and give a greater value to holders of their platform token, BTR, Bitrue offers lucrative rates on various coins for holders who stake the platform’s native token via the VIP Cap feature.
The main aim of the VIP Cap feature is to maintain a healthy and sustainable ecosystem around the Bitrue exchange as well as to enable BTR holders and long-term investors to maximize their investment capabilities.
Bitrue is a growing cryptocurrency exchange and digital asset management service that is disrupting the industry by adapting traditional financial services to the newly emerging crypto markets. Launched in July 2018, Bitrue offers worldwide services to cryptocurrency investors with offices across the globe. Bitrue has a close relationship with Ripple, with whom they share a vision regarding the potential of crypto assets, and has become one of the top exchanges within the XRP community. They now support over 80 XRP pairs and have become one of the top five exchanges globally ranked by XRP volume, owing to significant market share in English speaking markets and SEA. Bitrue is backed by strong communities and is quickly becoming the one-stop platform for crypto traders around the world with its latest addition of fiat purchases. More information can be found at https://www.bitrue.com.
Source: Crypto Adventure.