APT Flexible Earn is now available on Toobit, giving you the opportunity to earn competitive interest on your holdings with the flexibility to redeem at any time.
Here’s what you can earn:
|
Coin |
Type |
Subscription amount (APT) |
APR |
Total available (APT) |
Min. subscription (APT) |
Individual cap (APT) |
|
APT |
Flexible |
≤ 300 |
5.2% |
323,625 |
15 |
50,000 |
|
300–50,000 |
2.2% |
Example:
If you subscribe to 300 APT at 5.2% APR, your estimated interest over seven days is calculated as follows:
300 × 5.2% ÷ 365 × 7 = 0.29917808 APT
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How does Toobit Earn work?
Fixed Earn: Lock your assets for a set period and earn interest at the specified APR.
Flexible Earn: Earn interest with no lock-up period and redeem your assets at any time.
How is interest calculated for Fixed Earn?
(1) Estimated earnings at maturity are distributed evenly across the product term to calculate your daily earnings. This daily amount is reflected in your Earn Account valuation.
(2) Example:
Subscription time: 2024-12-11 11:34 (UTC).
Interest accrual begins: 2024-12-12 00:00 (UTC).
First interest distribution: 2024-12-13 00:00 (UTC).
(3) Redemption at maturity:
Fixed Earn products are automatically redeemed at maturity. Your principal and earned interest are then credited to your Spot Account.
(4) Early redemption:
Early redemption is available only for select products. If you redeem before maturity, all accrued interest will be forfeited. Your principal will be credited within 48 to 72 hours, and the request cannot be reversed. Always review the product details before redeeming.
How is interest calculated for Flexible Earn?
(1) APRs adjust in real time according to market conditions. Earnings accrue hourly and are credited to your Earn Account according to the product’s daily distribution schedule.
(2) Example:
Subscription time: 2024-12-11 11:34 (UTC).
Interest accrual begins: 2024-12-11 12:00 (UTC).
First interest distribution: 2024-12-11 13:00 (UTC).
(3) Redemption:
You can redeem your assets at any time after subscribing, with no redemption fees.
• Instant settlement
If your total redemptions for the day, including your current request, remain within the daily redemption limit, your funds will be credited immediately.
• Queued redemption
If the daily redemption limit has been reached, any excess amount will be queued and processed the following day, subject to the next day’s available redemption quota.
Remaining daily redemption quota = Daily redemption limit − Total amount redeemed that day
What does APR mean?
APR, or Annual Percentage Rate, is the estimated return your crypto could earn over one year. It helps you compare potential earnings across different assets.
When are my funds transferred after I subscribe?
Your funds are transferred from your Spot Account to your Earn Account immediately after you subscribe. Your total balance remains unchanged, and interest begins accruing according to the applicable product schedule.
Where can I track my earnings?
Go to your Earn Account to view your active products, estimated APRs, and total earnings to date.
What should I know before subscribing?
Toobit Earn offers two main product types:
• Fixed Earn: Lock up your crypto for a set period, often in exchange for a higher interest rate.
• Flexible Earn: Subscribe or redeem your crypto at any time, subject to applicable redemption limits.
Note: Some Fixed Earn products do not support early redemption. If early redemption is available, redeeming before maturity will result in the loss of all accrued interest. Always review the product terms before subscribing.
All Toobit Earn products and promotions are subject to their applicable terms and conditions.
Using the Toobit app? Update to the latest version to access these products and put your assets to work.
