By Alicia Maher
On Thursday, the crypto exchange ZebPay launched an ‘Earn’ functionality that allows their clients to earn returns on coins they keep on their digital wallets. HODL (Hold on for dear life) means that an investor holds his digital assets regardless of drastic price dips.
Initially, the ‘Earn’ feature will enhance work for BTC, ETH, MATIC, DAI, BNB, and USDT. The functionality allows investors to earn 1% interest on Polygon and Bitcoin, 2% on Ethereum and Dai, and 7.5% on USDT.
With the feature, traders will earn on their trading or spot wallets and in pending orders. The system will calculate the pays basing on the daily balances by midnight each day.
The firm stated that the payment cycle would account for a month, with earnings credited on the seventh of each month.
ZebPay plans one satoshi in each coin as the minimum payment. Keep in mind that this is the BTC’s smallest piece (1 satoshi equals 0.00000001 Bitcoin). The unit obtains its name from the Bitcoin creator, Satoshi Nakamoto.
In May, the exchange platforms introduced Lending Platform, allowing their followers to lend their digital coins to ZebPay. Users would then get returns depending on their particular asset and the lending period. With the earn feature, investors can continue with their trading activities. However, they have to wait for the coins in the Lending Platform to mature before trading them.
ZebPay co-CEO Avinash Shekhar said that the Earn facility removes the restrictions of lending digital coins under a limited timeframe. Their users will proceed with their trading undertakings while getting returns from their crypto balances. Shekhar stated that they aim to find more earning ways for the assets in the trader’s wallet. The functionality allows each HoDler, long-term or short-term, to enjoy substantial returns daily. Remember, ZebPay is a renowned Indian crypto exchange and houses more than four million crypto enthusiasts.
ZebPay Earn is for registered users that completed the KYC verification.
Lately, the exchange has been upgrading its network with lucrative functionality to attract new users. You can visit their platform for more earning opportunities. However, consider the requirements of each offer before joining it.