Place/Date: - April 13th, 2022 at 1:51 pm UTC · 4 min read
Huobi Global, one of the world’s leading digital asset exchanges, today announced its latest PrimeEarn High-Yield Tuesday event, which incentivizes fixed deposit investors with high Annual Percentage Yield (APY) for staking mainstream assets. This hugely popular weekly event saw all products sold out within a mere three minutes last week.
PrimeEarn is a fixed deposit product that allows investors to deposit their assets for 14 days in exchange for guaranteed returns. Offering APYs for depositing mainstream assets that are nearly five times that of competing products in the market, PrimeEarn has been a favored choice among investors for three consecutive months since its launch in December, 2021. In addition to the immense value offered, Huobi Global has since sweetened the deal for users by rolling out more immersive gameplay activities for PrimeEarn users to enjoy their crypto journeys.
Users can participate by forming a team with others, depositing assets into Huobi accounts, inviting VIP users from other exchanges, and more. The rules may vary each week, bringing new elements into the mix.
PrimeEarn’s popularity is very much on the rise, a testament to the value it offers investors – each consecutive event saw products selling out faster than previous weeks. The first three events saw the products sold out within four days; from the sixth event on, all products were sold out within two days, while the last event saw products snapped up within just three minutes.
High-Yield Tuesday enables investors to gain up to 40% for depositing mainstream assets such as BTC, ETH and USDT for 14 days, the highest available rate in the market. . In addition, there is no cap set on the amount that can be deposited, making it a preferred choice for investors holding onto large amounts of assets who, given the current market volatility, prefer guaranteed yields.
PrimeEarn’s APYs are among the best available today. Most competitors offer APYs no higher than 7% for mainstream assets – in fact, APYs offered for USDT deposits in the market typically range between 3-7%. Furthermore, some competing platforms set tiered APY for fixed deposit products, so the APY for any amount apart from the first 2,000 USDT could be quite a bit lower. PrimeEarn sets no such condition – with no tiered APY, investors truly enjoy returns as advertised.
Du Jun, Co-Founder of Huobi, said:
“With recent international events adding to volatility in financial markets worldwide, people are becoming more cautious about investment and financial management. We’re glad to see that events such as High-Yield Tuesday cater well to investors while helping them mitigate risk.”
The upcoming High-Yield Tuesday event introduces different gameplay elements – users can either deposit assets to their Huobi Global account or team up with others to enjoy APY up to 40% for USDT deposits and 35% for ETH deposits.
Users who deposit fresh assets to their Huobi Global account and successfully subscribe to a PrimeEarn plan can enjoy APY booster benefits of up to 20% on the newly deposited assets.
The amount of newly deposited assets in a user’s Huobi Global account that qualifies for the 20% APY boost needs to be deposited after the event announcement but before the subscription start date. Newly deposited assets will be determined as being the portion of a user’s total deposited balance that exceeds the original deposited amount,whereby the latter is the 30-day daily average asset amount in USDT deposited to the Huobi Global account before the event announcement.
The APY increase will be applied to the newly deposited assets, while APY for the original deposited assets remains unchanged.
Should the final amount subscribed to by a user during this week’s PrimeEarn High-Yield Tuesday event not exceed the newly deposited amount, the entire subscribed amount will enjoy the APY increase.
In this event, users will form teams and the total deposit amount of each team will be ranked. Each team needs to contain at least one VIP user from any exchange. All members belonging to the top three teams will enjoy the highest APY offered. Click here to register and form teams with others.
To learn more about how to participate in Huobi PrimeEarn High-Yield Tuesday, click here.