Bitrue, a leading cryptocurrency exchange, recently announced the launch of a new yield farming hub, which will be available to all its users starting January 10 at 10:00 UTC
Singapore, Singapore, Jan. 11, 2022 (GLOBE NEWSWIRE) —
In the cryptocurrency world, it is important for any crypto exchange to offer many different ways to make money. This is exactly why Bitrue, a leading cryptocurrency exchange, recently announced the launch of a new yield farming hub, which will be 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 ways for investors to generate additional income. Bitrue therefore wants to respond to the real needs of its clientele in a safe way and also keep up with the latest updates and changes in this industry, which it aims to achieve by forming important partnerships in the future as well as mitigating risks like temporary loss.
What will the new hub do?
The new hub allows users to mine for tokens, similar to DeFi pools (decentralized finance) that were very popular last year. At launch, more than 20 pools were made available with APRs (Annual Percentage Yields) of 150% or more, with consumers able to choose from a variety of staking intervals. Bitrue Coin BTR, Bitrue’s native platform currency, aims to power these pools. In order to start farming, either BTR or maybe the token the user decides to use needs to be made deductible. Additionally, since its launch in July 2018, the BTR has increased by over 300% to date.
Additionally, Bitrue has a wealth of experience in developing innovative investment solutions, with Power Piggy serving as the first cryptocurrency-based investment service to be released globally in early 2018. This new hub is thus said to include Power Piggy, Vote Staking, and BTR Lockups, along with a host of other companies using BTR to generate profits for their respective consumers.
The story goes on
In essence, the initiative allows its consumers to choose an investment plan that works best for them by offering such a diverse range of investment alternatives with different lock-up periods, yields and formats. In the words of Adam O’Neil, Bitrue’s Chief Marketing Officer, it establishes BTR as the world’s first yield token, a token dedicated solely to increasing returns on crypto-related investments. Also only accessible at www.bitrue.com, the new Yield Farming Hub is just one of many upcoming initiatives from Bitrue for customers to look forward to.
Bitrue’s vision
Bitrue, which debuted in July 2018, is a diverse crypto exchange that supports trading, lending, and investing. It intends to use blockchain technology to bring financial opportunity 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 digitized modern economy. In essence, the BTR token possesses the “explicit utility in terms of maximizing return on investment.”
Moreover, the month-long resistance for BTR also seems to be broken as the token just surpassed the $0.40 mark. The price finding comes along with the highest weekly close this weekend. For additional information, both the official website and the exchange’s Twitter channel can be checked for regular updates.
Media contact:
Contact: 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, financial or trading advice. It is recommended that you exercise due diligence (including consulting a professional financial adviser) before investing or trading in securities and cryptocurrencies).
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