Bitrue, a leading cryptocurrency exchange, recently announced the launch of a new yield farming hub, available to all its users starting January 10 at 10:00 UTC
Singapore, Singapore, Jan. 11, 2022 (GLOBE NEWSWIRE) —
In the world of cryptocurrencies, it is important for every crypto exchange to offer many different ways to make money. This is precisely why Bitrue, a leading cryptocurrency exchange, recently announced the launch of a new yield farming hub, available to all its users starting January 10th at 10:00 UTC.
The main reason and context behind this new initiative has to do with the fact that staking and yield farming have become extremely popular methods for investors to earn additional income. Bitrue therefore aims to respond to the real needs of its customers in a safe manner and also to stay abreast of all the latest updates and changes in this industry, which it aims to achieve through the formation of important partnerships in the future as well as the remedies of risks such as temporary loss.
What will the new hub do?
The new hub allows users to mine for tokens in a similar way to DeFi (decentralized finance) pools that were very popular last year. At launch, more than 20 pools were made available with annual percentage yields of 150% or higher, with consumers able to choose from various staking intervals. Bitrue Coin BTR, Bitrue's native platform currency, is intended to power these pools. To start farming, either BTR or the token the user wants to mine must be made operational. Furthermore, BTR has increased by over 300% since its launch in July 2018 to date.
Additionally, Bitrue has extensive experience in developing cutting-edge investment solutions, with Power Piggy launching in early 2018 as the world's first cryptocurrency-based investment service. This new hub is therefore set to include Power Piggy, Vote Staking and BTR Lockups, along with a variety of other companies that use BTR to generate profits for their respective consumers.
The story goes on
Essentially, the initiative empowers its consumers to choose an investment plan that best suits them by providing such a diverse range of investment alternatives with different lock-in periods, returns and formats. In the words of Adam O'Neil, Bitrue's Chief Marketing Officer, BTR is establishing itself as the world's first yield token, a token solely dedicated to increasing the returns on crypto-focused investments. The new Yield Farming Hub is also only accessible at www.bitrue.com and is just one of many upcoming initiatives from Bitrue that customers can look forward to.
Bitrue's vision
Bitrue, launched in July 2018, is a diverse crypto exchange that supports trading, lending and investing. The goal is to use blockchain technology to provide financial opportunities to everyone, regardless of geographic location or financial situation. The exchange has offices around the world and is constantly developing new features to effectively support the new era of digitalized modern economy. Essentially, the BTR token has the “explicit utility of maximizing return on investment.”
Additionally, the month-long resistance for BTR also appears to have been broken as the token just crossed the $0.40 mark. Price discovery is pending, along with the highest weekly close this weekend. For more information, both the official website and Twitter channel of the exchange can be updated regularly.
Media contact:
Contact person: Adam O'Neill
Company name: bitrue
Email: [email protected]
City: Singapore
Country: Singapore
Website: http://www.bitrue.com/
(The information provided in this press release does not constitute investment advice, financial advice or trading advice. It is recommended that you exercise due diligence (including consulting a professional financial advisor) before investing or trading securities and cryptocurrencies).
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