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Biconomy announced its Dual Investment feature, which allows users to earn fixed interest by selecting target buy or sell prices for cryptocurrencies. The product determines at settlement whether users' holdings are converted or retained based on whether the settlement price meets the user-set strike price.
Biconomy has introduced its Dual Investment product, a structured earning feature allowing users to receive fixed interest by setting a target price to buy or sell cryptocurrencies. At settlement, if the asset’s price meets the user’s chosen strike price, the principal is converted accordingly; otherwise, it is retained, with interest being paid out in both outcomes. The product outlines two main strategies: 'Buy Low' (invest in USDT to potentially buy crypto at the chosen price) and 'Sell High' (invest in crypto to potentially sell for USDT at the strike price). Assets are locked until the settlement date, and users must acknowledge operational risks, including potential disruptions, and are responsible for compliance with relevant laws and regulations.
Biconomy provides access to spot and futures trading directly via browser or mobile app, offering over 230 crypto-to-crypto pairs and leveraged trading up to 1:100 on futures. Key features include a demo account, a low minimum deposit of 1 USDT, reduced trading fees for BIT token holders, and the Biconomy Earn service for potential passive income. More details are available in the broker profile on Traders Union.
For more context, our earlier news covered Biconomy’s announcement of the ZEST spot trading competition with a $5,000 prize pool; you can read the details in the previous Biconomy update on Traders Union.