In the world of cryptocurrencies, it is important for any cryptocurrency exchange to offer many different options for making money. This is precisely why Bitrue, one of the leading cryptocurrency exchanges, recently announced the launch of a new yield farming hub, available to all of its users from January 10, 2022 at 10:00 UTC.
The main reason and background for this new initiative is that staking and yield farming have become extremely popular methods by which investors can earn additional income. Bitrue therefore wishes to meet the real needs of its customers in a safe manner and also to keep abreast of all the latest updates and changes concerning this industry.which it will accomplish by forming key partnerships going forward as well as mitigating risks such as temporary losses.
What will the new hub do?
The new hub allows users to search for tokens in a manner comparable to Decentralized Funding Pools (DeFi), which were very popular last year. At launch, over 20 pools with Annual Percentage Returns (APRs) of 150% or more were made accessible, with consumers able to choose from a variety of staking intervals. Bitrue Coin BTR, the currency of Bitrue’s native platform, will fuel these pools. To start farming, either BTR or perhaps the token the user chooses to mine for will be made staked. Additionally, since its inception in July 2018, the BTR has grown by over 300% to date.
Additionally, Bitrue has a lot of experience in developing cutting edge investment solutions, with Power Piggy acting as the first cryptocurrency based investment service launched globally in early 2018. This new hub will include Power Piggy, vote staking, and BTR blocks, as well as a wide variety of other companies that are leveraging BTR to generate profit for their respective consumers.
Essentially, the initiative allows its consumers to choose the investment plan that would work best for them by offering such a diverse range of investment alternatives with varying lock-in periods, returns and formats. In the words of Bitrue’s chief marketing officer, Adam O’Neil, it establishes BTR as the world’s inaugural yield token, which is a token dedicated solely to increasing the return on crypto-oriented investments. The new Yield Farming Center is also only accessible here, and that’s just one of many upcoming Bitrue initiatives that customers can look forward to.
Bitrue, which debuted in July 2018, is a diverse crypto exchange that supports trading, lending, and investing. He intends to use blockchain technology to provide financial opportunities for everyone, regardless of geography or financial situation. The exchange has offices all over the world and is constantly developing new features to effectively support the new era of the modern digitized economy. In essence, the BTR token possesses “the explicit utility in maximizing returns on investments.”
Additionally, the multi-month resistance for BTR also appears to have been broken as the token just broke the $ 0.40 mark. The price discovery arrives with the highest weekly close over this weekend. For more information, the official site as well as the exchange site Twitter can be checked for regular updates.
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