š Smart Earning with Target Price Strategy ā How Your Crypto Rewards Work
Ever wondered how your returns are calculated in Binanceās Target Price products like Buy Low or Sell High? Itās all about APY, timing, and whether the market hits your target.
Letās decode it š
š Reward Formula:
Your rewards = Subscription Amount Ć (APY% Ć Days / 365) ā rounded down to 4 decimals.
š Buy Low Scenario:
ā If price hits your target on settlement day ā you receive: (Subscription + Rewards) Ć· Target Price
ā If price doesnāt hit target ā you simply get: Subscription + Rewards
š Sell High Scenario:
ā If price hits your target ā payout becomes: (Subscription + Rewards) Ć Target Price
ā If price misses target ā same reward as above: Subscription + Rewards
š§ Example Insight:
Subscribed 1,000 USDT to Buy Low at $60,000 with an APY of 85.3% for 2 days. Price didnāt hit.
ā Your reward = 1,000 Ć (0.853 Ć 2 / 365) = 4.6 USDT
š„ Binance Square creatorsāuse these mechanics to educate your audience and demystify passive earning.
Knowledge earns more than luck.
#BinanceSquare
šGood luck !