Binance Launch Third Phase of Lending Program Added XRP, LTC
The leading Cryptocurrency exchange Binance announced the launch date of third phase of lending program with new products added.
The third phase of lending program will start on 2019/09/11 6:00 AM (UTC), only 14-days fixed products are available in third phase.
Binance added new products in lending program. XRP, LTC and USDC is added to the third phase of lending program with 7% annually return.
Third Phase Details
- Subscription format: First Come First Serve
- Subscription starts From 2019/09/11 6:00 AM (UTC) to 2019/09/12 0:00 AM (UTC)
- Interest Calculation period 2019/09/11 6:00 AM (UTC) to 2019/09/25 6:00 AM (UTC)
- Intrest will be paid immediately after plan mature
Lending Product Details (Subscribe now)
Example:
If User A subscribes to 10 lots of BNB (14 days) Lending (total lend of 100 BNB), the interest earned at maturity date will be 0.038356 BNB = 0.38356 BNB.
Note:
User’s BNB lending balance are also calculated for the lottery tickets of BAND IEO on binance Launched.
