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.