KuCoin Unveils Snowball: ONLY 10 USDT Entry Requirement
07/06/2023, 12:19:23
KuCoin introduces Snowball, a new structured product with the lowest entry requirement of just 10 USDT. Snowball is a non-principal protected structured product designed for investors seeking to maximize their earnings while safeguarding against market fluctuations. Unlike its counterpart, OKX snowball requires large assets of minimum 100k USDT, KuCoin Snowball is incredibly user-friendly and accessible, requiring only a minimum investment of 10USDT.
Let's dive into the details. For example, imagine placing an order for ETH with an impressive 64% APR:
- Duration: 7 days
- Starting price: 1 ETH = 2,000 USDT
- Early bonus price point: 120% of 2000 USDT
- Baseline price point: 75% of 2000 USDT
Snowball presents three possible outcomes:
- If the price remains within the designated range, enjoy the full 64% APR for the entire 7-day period.
- If the price exceeds the upper price range on day 4, experience early interest enjoyment of 64% for the first 4 days.
- If the price falls below the lower price limit on day 3, convert to ETH with accumulated interest during the 3-day period.
The Benefits of Snowball:
- Stability and flexibility: Snowball offers a reliable return regardless of whether it falls below the protection price at the end of the period. Investors can customize essential parameters such as maturity, protection price, and more to align with their specific needs.
- Higher returns: Built on a popular option structure known as Fixed Coupon Notes, Snowball enables investors to earn superior returns even when linked assets face potential oscillation risks. It provides a fixed income higher than other wealth management products upon settlement, considering the correct assessment of the linked asset's maximum possible decline in the short term.
KuCoin presents innovative financial instruments that empower users to earn interest from the derivatives market. Users can choose products based on current market trends and their risk appetite, further enhancing their investment opportunities.