Dual Currency Financial Management Analysis Annual Interest Rate Can Reach Up to 269%!!!
Many people have probably heard about dual currency financial management, but the detailed rules and processes are not clear. Today, let's explore the secrets of dual currency financial management.
Dual currency financial management attracts many users with its high returns. Unlike Binance financial management, the interest given is directly in the currency you are ordering.
The operation of dual currency financial management is as follows:
For example, a few days ago, an order was placed for dual currency financial management to sell Bitcoin at a target price of $BTC 107000 USD, and the annual interest rate was calculated at 269%. After placing the order, both the interest and target price will be fixed.
Understanding how many days your financial management lasts is also very important, with the minimum unit calculated as one day. This will affect your liquidity.
Settlement Method:
Settlement will occur at 4 PM on the settlement day.
Above Target Price:
On the settlement day, if Bitcoin is at 108000 USD, the system will still sell Bitcoin at 107000, plus the interest (no transaction fees!!), but the 1000 USD price difference in between may be your loss.
Below Target Price:
If the price on the settlement day is 106000, and Bitcoin has dropped, the system will retain your Bitcoin and provide you with interest (in Bitcoin).
As shown in the attached image, it is considered a smooth receipt of Bitcoin interest.
Conclusion:
In financial management, the interest rewards given by dual currency financial management are quite high, but the biggest drawback is that during the subscription, assets cannot be changed or sold, and you can only wait until the agreed settlement date for the rewards to be distributed before the assets can be moved. Therefore, during a significant price surge, dual currency financial management that sells high-priced currencies is relatively unsuitable.
I hope this information helps everyone understand dual currency financial management better. If you have any questions, feel free to leave a comment below.
