In the previous article on Binance’s financial product - Interval Income Treasure, we analyzed this new financial product. Now let’s see how to use it on the mobile app.
To be honest, for contract players like us, if you tell me that the price will not break the range within a certain period of time, I always feel that the risk is quite high, and we have to continue to observe in the future.
Completed the Interval Income Treasure investment test
To use Interval Income Treasure to invest, you must first select Interval Income Treasure in the financial section of the APP, and then complete a small test. Friends who have read my previous article may not pass it because there is a high-level question in it. But it doesn’t matter, even if you answer it wrong, the system will tell you the correct answer. Just remember the answer and pass this small test again!
Using the Interval Income Product
After the test is passed, we can see the interval income treasure product. First, select the currency you want to manage. Generally, you should choose the currency you are more familiar with. Here we choose BTC. Although I have just come into contact with the product, after selecting the interval, time, and interest rate, the system will calculate everything for you clearly, without any difficulty!
There is a beginner mode in the product, which is good because if the price breaks through the range, the beginner mode does not lose the principal. Of course... the annualized interest rate of the beginner mode is also very low.
In the above picture, we selected the BTC product, and then a bunch of targets with range prices and settlement times appeared below. After selecting one, you can enter how many BTC you want to buy. Here we enter 5 BTC. When selecting the interest rate, if it is 3.04% annualized, then the system tells you that even if the range is broken, you will not lose the principal, but you will not get the annualized rate. What you lose is the capital occupation fee during the lock-up period. But if you want to choose 10.12% annualized, then you have to pay attention. The system calculates it for you. If the price breaks through the range price, you can only get back 4.975 BTC, a loss of 0.025 BTC!
Full process operation
In order to experience the interval income treasure, I took out 1USDT to experience it! The overall operation is very simple. First, choose a target. I chose a lock-up for 26 days. After entering, select USDT operation, and then select the interest rate first to see the gains and losses in the interval and out of the interval.
Scroll down, check the User Notice, click Confirm, and complete the subscription. You can then see the order on the financial management interface, and then wait for it to expire.
Summarize
Overall, if we use the interval treasure, our strategy selection: short time + beginner mode (no loss of principal) is quite good, so that if the interval is not broken, it is equivalent to winning! Of course, for senior players, there may be more combinations of plans.
Everyone, can you find the answer to this issue's question red envelope by yourself?