Binance has launched a new product, purchasing discounts, which allows users to buy crypto at prices and earn the APR prize in market prices. How does this work?
Summary
- Binance offers users the opportunity to buy major tokens at a lower price than the current price.
- If Crypto donkeys do not reach the targeted value, the user can earn passive awards from settlement.
For recent notice on the platform page, buy discounts is a product that supports yield and provides users the opportunity to buy major tokens such as bitcoin (BTC) and Ethem (EITH) as well as other assets at lower prices than current markets.
This enforces a system that enables users to use “goal purchase” to purify the crypto under the current market prices. After taking membership of buying discounts, users can emit an accident crypto on the chosen target procurement price that they have previously determined for this purpose or they can inspect the yaved earnings in turn.
Originally, what is meant that users can buy crypto on “discounted prices” using either using target purchases. If there is no targeted value, the users can get equal to “cash-back rewards”, who wanted to buy some nearby yield on two tokens.
How Binance User can use discount purchases
Users who take membership of purchasing discounts have two options: Earn a fixed annual award when the purification crypto or market prices increase at a concessional rate in future. The product appeals to seek a strategic enthusiasm in the market without committing current prices.
Before taking membership of purchasing discounts, users must select one of the first major parameters: buy target price, settlement price, knockout price and disposal date.
The goal purchase price is usually less than the current market price, the value value at which the user will no longer have the option to buy crypto property in its places. The disposal is the average value during the 30 -minute window on the disposal price disposal date, which gives the details of the final outcry.
What is on the date of Binance disposal?
As long as the time limit for purchasing your binance discounts is purchased, there are some results that are counted. Depending on the disposal value, your funds will either buy crypto, earn prizes, or mix both.
- If the disposal price set by the user is less than or equal to the target purchase price, the user will be able to use 100% of its investment in the cost of crypto at the set target purchase price.
- If it is between the target and the knockout value, half of the user’s money will be used to buy crypto property. Meanwhile, the other half is returned to stabechoin.
- If it is on or above the knockout price, the user does not purify the crypto. Instead they will get their investment completely back to the additional APR awards.
