Jan. 31, 2022 — Huobi Global, one of the world’s leading digital asset exchanges, has announced the launch of its second PrimeEarn event, PrimeEarn Every Day, which aims to incentivize crypto investors to hold their assets for longer periods. The event is one of several planned promotions under Huobi Global’s Lunar New Year campaign, Prime Fest: Tiger Year, which is awarding $100 million in prizes for users.
While many yield products exist in the crypto market, most are flexible deposit products with low annual percentage yields (APY). The second PrimeEarn event provides investors with high APYs for staking mainstream- and metaverse-related tokens. The 30-day APYs for staking mainstream assets such as Tether (USDT), USD Coin (USDC), Bitcoin (BTC) and Ether (ETH) are as high as 12% — nearly twice the yields of competing products in the market. The platform has also added seven tokens for investors who are interested in the nonfungible token (NFT), decentralized finance and GameFi fields: Polygon (MATIC), Terra (LUNA), Solana (SOL), FTX Token (FTT), Ertha, Avalanche (AVAX) and Fantom (FTM). The 14-day APYs of these products range from 12 to 50%. The total amount staked will be capped at $300 million for this promotion, but there will be no cap to the number of assets investors wish to deposit.
“The products of our first PrimeEarn event were sold out within just four days and the total amount staked reached $132 million. To keep the momentum going and cater to market needs, we’ve added metaverse-related tokens and increased the staking periods to 30 days for mainstream assets. In the future, we’ll continue to optimize our products based on users’ feedback so they can continue to capitalize on future opportunities,” said Jeff Mei, director of global strategy at Huobi.
In addition to the high-yield products, there are numerous special rewards available for PrimeEarn users during the Lunar New Year campaign. Clients who deposit amounts of 1 million USDT or higher will have a chance to receive an APY booster coupon, which can bolster their base APY starting at 80%. The first 10 users who deposit at least 500 USDT worth of PrimeEarn assets will each receive an 80% APY booster coupon. For users with limited funds, only a 100-USDT deposit is needed to win rewards such as limited-edition NFTs, point cards, derivatives trial bonuses, APY booster coupons and more.
From Jan. 30, 2022, to Feb. 6, 2022, users will be able to stake assets on PrimeEarn Every Day and access high APYs. For more details, click here.
About Huobi Group
Huobi Group, a world-leading blockchain company, was founded in 2013 to make breakthroughs in core blockchain technology and further the integration of blockchain technology with other industries. Huobi Group has expanded its products and services to public blockchains, digital asset trading, wallets, mining pools, proprietary investments, project incubation, digital asset research and more. Huobi Group has established a global digital ecosystem through investing in more than 60 upstream and downstream companies in the blockchain industry.