Well-known cryptocurrency exchange BitMart has announced a limited-time flash sale of Shiba Inu’s artificial intelligence partner token Bad Idea AI (BAD).
According to yesterday’s announcement, the move was made to celebrate Bad Idea’s listing on BitMart’s fixed savings products.
An excerpt from the announcement reads: “To celebrate @badideaai $BAD listing on BitMart, BitMart Earn will offer a limited-time flash sale for BAD’s fixed savings products.”
BitMart adds BAD to its fixed savings plan
For context, BitMart supported BAD in its fixed savings plan at 08:00 PM (UTC) yesterday. The exchange offers an estimated return rate of up to 75% for BAD with a lock-up period of 30 days.
For example, a BitMart user who subscribes to 5,000 BAD with a lock-up period of 30 days will receive 308.21 BAD in interest.
The interest is calculated by multiplying the user's principal by the annualized interest rate of 75%. Then, multiply that total by 30/365. Users cannot redeem funds prior to the scheduled redemption date. Funds (including principal and interest) will be paid into the user's spot wallet free of charge on the redemption date.
It is noteworthy that the total subscription volume of BAD’s fixed savings products is 567,600,000,000 (Five Hundred and Sixty-Seven Six Billion) BADs. Therefore, subscriptions to this product are on a first-come, first-served basis. Interestingly, within a few hours of press time, BAD’s fixed savings product had sold out.
BitMart Support for BAD
Meanwhile, BitMart’s support for Shiba Inu’s partner token is retroactive to July 2023. At the time, the exchange listed BAD for spot trading under the BAD/USDT trading pair.
In addition, the exchange launched BAD’s fixed savings product on September 6, 2023, which has an annual interest rate of 90% and a lock-in period of 30 days. The previous savings plan had subscription volume of 1.59 trillion BAD tokens.
On November 29, BitMart offered its users a 24-hour flash sale, allowing them to purchase BAD tokens at a discount of 50% below the asset’s seven-day average price.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may contain the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to perform thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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