BitMart, a popular cryptocurrency exchange, has announced a special promotion for Bad Idea AI (BAD), the artificial intelligence partner token of Shiba Inu. The exchange is celebrating the listing of BAD on its Fixed Savings product by offering a limited-time flash sale.
In a recent announcement, BitMart stated, “To celebrate @badideaai $BAD listed on BitMart, BitMart Earn is offering a limited-time flash sale for Fixed Savings product on BAD.”
BitMart added BAD to its Fixed Savings program on a recent date at 08:00 PM (UTC). The exchange offered users an estimated return of up to 75% for BAD, with a lock-up period of 30 days. To put it simply, if a BitMart user subscribes with 5,000 BAD and agrees to a 30-day lock-up period, 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 total by 30/365. Users will not be able to redeem their funds until the scheduled redemption date. The funds, including the principal and interest, will be paid to the users’ spot wallet with zero fees on the redemption date.
It is worth noting that the fixed savings product for BAD had a total subscription volume of 56.76 billion BAD and sold out quickly.
BitMart has been supporting BAD since July 2023 when the exchange listed the token for spot trading under the BAD/USDT pair. In September 2023, BitMart expanded its support for BAD by introducing a fixed savings product with a 90% APY and a 30-day lock-up period. The previous savings program had a subscription volume of 1.59 trillion BAD tokens.
On November 29, BitMart offered a 24-hour flash sale, allowing users to purchase BAD at a 50% discount below the asset’s 7-day average price.
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