Crypto exchange Bitrue increases rates on coin savings program

Crypto exchange Bitrue, today implemented higher interest rates on its ‘Power Piggy’ coin savings program for holders of their native BTR token.

The changes aim to provide long-term sustainability and offer greater value to BTR holders. Both the baseline and maximum interest rates for coins have been modified as shown in the table below.

Changes apply to newly invested funds, as well as funds that are already locked-in ‘Power Piggy.’ The updated rates were first applied to the interest disbursement on November 20th, 2019 00:30 (UTC +8).

Coming soon, Bitrue will also allow assets that have been invested into ‘Power Piggy’ to be used as collateral for its upcoming Bitrue Loans feature.

This new service will enable users to take out a loan, continue earning interest on their coins, and also allow the use of borrowed coins on other investment opportunities.

“Before the end of the year, we plan to launch some lock-up based investment products which will have higher interest rates and significantly higher caps. Funds that are locked up will be used for our own investment and development purposes. More news about these products will be announced within the coming weeks.”
– The Bitrue Team

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