Huobi Global, one of the world’s leading digital asset exchanges, today announced the launch of its second PrimeEarn event, PrimeEarn Everyday, which incentivizes crypto investors to hold their assets for longer periods of time. The event is one of several planned promotions under Huobi Global’s Lunar New Year campaign, Prime Fest: Tiger Year, which is awarding US$100 million in prizes for users.
While many yield products exist in the crypto market, most are flexible deposit products with low annualized percentage yields (APYs). 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 USDT, USDC, BTC, and ETH are as high as 15%, nearly twice the yields of competing products in the market. The platform has also added seven tokens for investors who are interested in the NFT, DeFi, and GameFi fields: MATIC, LUNA, SOL, FTT, ERTHA, AVAX, and FTM. The 14-day APYs of these products range from 12-50%. The total amount staked will be capped at US$300 million for this promotion, but there will be no cap to the amount of assets investors wish to deposit.
“The products of our 1st 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.
In addition to the high-yield products, there are numerous special rewards available for PrimeEarn users throughout the Lunar New Year campaign. Clients who deposit a minimum of 1,000,000 USDT will have a chance to get an APY booster coupon, which can add up to 500% to their base APY. 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 bonus, APY booster coupons, and more.