Brand Story
11 Jan 2022, 15:36 GMT+10
In the world of cryptocurrencies, it is important for any crypto exchange to offer plenty of different options when it comes to making money. This is precisely why Bitrue, a leading cryptocurrency exchange, has recently announced the launch of a new yield farming hub, available to all of its users from January 10th at 10:00 UTC.
The main reason and context behind this new initiative has to do with the fact that staking and yield farming have become immensely popular methods through which investors can earn additional income. Bitrue therefore wants to cater to the real needs of its clientele in a safe manner and also keep up with all of the latest updates and changes regarding this industry, which it shall accomplish through the formation of key partnerships in the future as well as the mitigation of risks such as impermanent loss.
What will the new hub do?
The new hub enables the users to mine for tokens in a manner comparable to DeFi (decentralized finance) pools, which were quite popular last year. At launch, more than 20 pools with APRs (Annual Percentage Yields) of 150% or higher were made accessible, with consumers being able to choose from a variety of staking intervals. Bitrue Coin BTR, Bitrue's native platform currency, shall be powering these pools. To start farming, either BTR or perhaps the token for which the user chooses to mine shall be made stakeable. Additionally, ever since its inception in July 2018, BTR has increased by over 300% to date.
Furthermore, Bitrue has had plenty of experience regarding developing cutting-edge investing solutions, with Power Piggy acting as the initial cryptocurrency-based investment service released across the globe in early 2018. This new hub shall thus include Power Piggy, Vote Staking, BTR Lockups, along with a wide variety of other businesses that leverage BTR to produce profits for their respective consumers.
Essentially, the initiative allows its consumers the choice to pick an investing plan which would be best-suited for them by providing such a diverse range of investment alternatives with varied lockup periods, yields, and formats. In the words of Adam O'Neil, Bitrue's Chief Marketing Officer, it establishes BTR as the world's inaugural Yield Token, which is a token dedicated solely to increasing the return on crypto-oriented investments. The new Yield Farming Hub is also only accessible at www.bitrue.com and it is just one of many upcoming initiatives by Bitrue that customers can look forward to.
Bitrue's vision
Bitrue, which debuted in July 2018, is a diverse crypto exchange that supports trading, lending, and investments. It intends to use blockchain technology to provide financial possibilities to everyone, irrespective of geography or financial situation. The exchange has offices all over the world and are constantly developing new features to effectively support the new era of the digitised modern economy. In essence, the BTR token possesses the "explicit utility regarding the maximization of returns on investments".
What's more is that the months-long resistance for BTR also appears to have been broken, as the token just crossed the $0.40 mark. Price discovery is incoming along with the highest weekly close during this weekend. For additional information, both the official website as well as the exchange's Twitter channel can be checked upon for regular updates.
Media Contact:
Contact Person: Adam O'NeillCompany Name: bitrueEmail: pr@bitrue.com
City: SingaporeCountry: SingaporeWebsite: http://www.bitrue.com/
(The information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrency).
Source: Submit123-White Label Press Release Distribution Service
There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.
Get a daily dose of Albuquerque Express news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Albuquerque Express.
More InformationSOLOMON ISLANDS: In a move that opponents said is aimed at controlling and censoring the media, the government of the ...
WASHINGTON D.C.: In July, a Florida man was killed by exploding Takata airbag inflators, possibly becoming the 20th death in ...
Israel has launched an unprovoked war against the Palestinian resistance group Islamic Jihad. The Israeli army assassinated a high-ranking commander ...
ISLAMABAD, Pakistan - Pakistan categorically denied on Thursday that a U.S. drone strike in Kabul that killed al-Qaeda chief Ayman ...
EAST NUSA TENGGARA, Indonesia: Hundreds of Indonesian tourism workers went on strike this week to protest a sharp rise in ...
NASSAU, Bahamas: A team of explorers have announced that they have uncovered a treasure, including coins, gemstones and priceless jewels, ...
SYDNEY, NSW, Australia - Stocks in Asia were mixed Tuesday while in the Pacific, markets rose. The scene mirrored events ...
DHAKA, Bangladesh: Bangladesh raised fuel prices by some 50 percent this week, which is aimed at reducing the country's subsidy ...
NEW YORK, New York - U.S. stocks closed mixed on Monday as investors fret about CPI data due to be ...
NEW YORK CITY, New York: Amazon announced this week that it had purchased robotic vacuum maker iRobot for approximately $1.7 ...
RICHMOND, Virginia: Dominion Energy Virginia has received state approval to build an enormous offshore wind farm off the coast of ...
SYDNEY, NSW, Australia - Stocks in Asia were mixed on Monday, but gains and losses were modest.There is concern the ...