BTC biweekly Shark Fin Financing is the latest financial product launched by MathWallet.
After purchase, users can get an annualized return up to 20% if the price of BTC has been floating in a certain range within the specified period. If the price goes out of the range, user will get a minimum annualized return of 3%.
Open MathWallet – DApps-BTC biweekly Shark Fin Financing
Click to see the details:
Take the BTC biweekly shark fin during this serie as an example:
This product is a fixed term closed product
Subscription period: May 7, 2020 – May 9, 2020 24:00
Product starting date: 00:00, May 10, 2020
Product expiration date: 24:00, May 22, 2020
Fund arrival date: May 23, 2020
The basic concept:
Maturity price: BTCUSD underlying settlement price on the Okex exchange at 16:00 on 5th June, 2020 (UTC + 8)
Observed price: BTCUSD index price on the Okex exchange
Observation period: 0:00, 23rd May, 2020-16:00, 5th June, 2020 (UTC+8)
Case 1: if the price of BTC during the period ever ≤ 9339 or ≥10193, then the investor will get 3% annualized return at maturity
Case 2: if the price of BTC is always in the range of 9339-10193 during the period, the investor will get an annualized return of 10%-20% at maturity, and the closer the maturity price is to 10193, the higher the investor’s return will be.
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