Technology

Matrixport Project Launches Dual Currency Product with Profitability of up to 350% per annum

Sponsorship

05/28/2020

The Matrixport mission, which is growing a multi-service platform for working with digital property, has launched the Dual Currency Product (DCP) software - an analogue of the monetary dual-currency deposit. This was reported to ForkLog journal by representatives of the mission.

In accordance to Matrixport, DCP-contracts convey from 0.82% to 357.7% per annum in cryptocurrency or stablecoins. You may put money into them BTC, ETH or USDC. The platform makes use of these funds to difficulty loans and shares half of the revenue with buyers.

The expiration interval of DCP contracts is from 1 day to four months. The quantity of revenue below the contracts relies on the expiration date, in addition to the distinction between the value of the funding forex and the related value (Linked Worth).

Matrixport units a associated value on the time the DCP contract is created. On the time of expiration, the platform compares the worth of the funding forex with it:

  • if the value of the funding forex is identical or greater than the related value, the investor makes a revenue in stablecoin USDC;
  • if the value of the funding forex is lower than the associated value, the investor makes a revenue within the funding forex.

For instance, an investor contributed 1 BTC to a DCP contract with a 0.5% revenue and an related value of $ 10,000. He'll obtain:

  • $ 10,050 in USDC, if on the time of expiration bitcoin prices greater than $ 10,000;
  • 1,005 BTC, if on the time of expiration Bitcoin is cheaper than $ 10,000.
READ  The average size of commissions in the Bitcoin network fell to the levels observed before halving

Matrixport was based in 2019 by Bitmain co-founder Cihan Wu. The Matrixport ecosystem combines a cryptocurrency pockets, an OTC platform, a platform for issuing loans, a custody service and a fee gateway.

Recall that earlier Matrixport launched the Russian-language model of the platform for over-the-counter buying and selling and crypto loans.

Subscribe to ForkLog information on VK!

Discovered a mistake within the textual content? Spotlight it and press CTRL + ENTER

subscribe to information Forklog

About the author

Avatar

Sam Conley

Sam Conley is new to online journalism but she is keen to learn. She is an MBA from a reputed university. She brings together relevant news pieces from various industries. She loves to share quick news updates. She is always in search of interesting news so that she can share them as well to Sunriseread's readers who could enjoy them with their morning coffee.

Add Comment

Click here to post a comment

Quick Contact!

To get in touch with Sunriseread or to tell us about a Story or Press Release, just send an email to lindahopkins128 @ gmail.com
. And, we will get back to you shortly.