BitMart, a popular cryptocurrency exchange, has announced a special flash sale for the artificial intelligence partner token of Shiba Inu, called Bad Idea AI (BAD). This announcement comes as part of BitMart’s celebration of listing Bad Idea on its Fixed Savings product.
In order to commemorate the listing, BitMart Earn is offering a limited-time flash sale for the Fixed Savings product on BAD. This exciting opportunity was revealed in an excerpt from the announcement made yesterday.
BitMart recently added BAD to its Fixed Savings program, which was launched at 08:00 PM (UTC) yesterday. The exchange is offering users an estimated return of up to 75% for holding BAD, with a lock-up period of 30 days.
To illustrate the potential earnings, if a BitMart user subscribes with 5,000 BAD and locks it up for 30 days, they will earn an interest of 308.21 BAD. The interest is calculated by multiplying the user’s principal by the annualized interest rate of 75%, and then multiplying the result by 30/365. Users will not be able to access their funds until the scheduled redemption date, at which point the funds, including the principal and interests, will be paid to the users’ spot wallet with no fees.
It is worth noting that the fixed savings product for BAD had a total subscription volume of 56.76 billion BAD, and it sold out quickly on a first-come-first-serve basis.
BitMart has been a strong supporter of BAD since July 2023 when the exchange listed it for spot trading under the BAD/USDT pair. In September 2023, BitMart expanded its support by introducing a fixed savings product for BAD, offering a 90% APY and a 30-day lock-up period. The previous savings program had a subscription volume of 1.59 trillion BAD tokens.
In addition, on November 29, BitMart held a 24-hour flash sale for BAD, allowing users to purchase the token at a 50% discount below its 7-day average price.
It is important to note that the information provided in this article is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinions of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, and The Crypto Basic is not liable for any financial losses incurred.