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Singapore, Singapore–(Newsfile Corp. – Jan. 12, 2022) – In the world of cryptocurrencies, it is important for any crypto exchange to offer many different options when it comes to making money. This is precisely why Bitrue, one of the leading cryptocurrency exchanges, recently announced the launch of a new yield farming hub, available to all of its users from January 10 at 10:00 UTC.
The main reason and background for this new initiative has to do with the fact that staking and yield farming have become extremely popular methods through which investors can earn additional income. Bitrue therefore wants to meet the real needs of its clientele in a safe way and also keep up with all the latest updates and changes concerning this industry, which it will 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 allows users to mine tokens in a way comparable to DeFi (decentralized finance) pools, which were very popular last year. At launch, more than 20 pools with APRs (annual percentage returns) of 150% or more were made available, with consumers able to choose from a variety of staking intervals. Bitrue Coin BTR, Bitrue’s native platform currency, will power these pools. To start farming, either the BTR or the token the user chooses to mine for must be staked. Additionally, since its inception in July 2018, BTR has grown over 300% to date.
Additionally, Bitrue has a lot of experience in developing cutting-edge investment solutions, with Power Piggy acting as the first cryptocurrency-based investment service launched across the globe in early 2018. This new hub will therefore include Power Piggy, Vote Staking, BTR Lockups, as well as a wide variety of other businesses that leverage BTR to generate profits for their respective consumers.
Essentially, the initiative allows its consumers to choose an investment plan that would suit them best by offering such a diverse range of investment alternatives with varying lock-up periods, returns, and formats. According to Adam O’Neil, CMO of Bitrue, it establishes BTR as the world’s first yield token, which is a token dedicated solely to increasing return on crypto-oriented investments. The new Yield Farming Hub is also only accessible on www.bitrue.com and is just one of many upcoming Bitrue initiatives that customers can look forward to.
Bitrue, which debuted in July 2018, is a diversified crypto exchange that supports trading, lending, and investing. He intends to use blockchain technology to bring financial possibilities to everyone, regardless of geography or financial status. The exchange has offices around the world and is constantly developing new features to effectively support the new era of modern digitized economy.
Additionally, the multi-month resistance for BTR also appears to have been broken as the token just broke above the $0.40 mark. Price discovery comes with the highest weekly close during this weekend. For more information, the official website as well as the Twitter channel of the exchange can be checked for regular updates.
Name: Adam O’Neill
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109859