TRX Term Deposits
Skye Crypto is pleased to announce a new term deposit service for holders of Tron (TRX). This service allows Tron investors to earn a return on their their TRX holdings which would otherwise be passively held in their portfolio. If you are interested in this service, please get in touch at firstname.lastname@example.org.
Minimum Deposit Size: 500,000 TRX
Maximum Deposit Size: 10,000,000 TRX
90-day Term Deposit Return: 3% (12.75% annualised). Payable in TRX.
180-day Term Deposit Return: 5% (10.41% annualised). Payable in TRX.
Early redemption is not possible for 90-day Term Deposits. Early redemption is possible for 180-day term deposits after they have been held for at least 90 days. In this case the return will be 2%, payable in TRX. Early redemption requests will be paid within 24 hours.
Alice, Bob, and Charlie wish to deposit their TRX in Skye Crypto’s Term Deposit service.
Alice deposits 2,000,000 TRX in the 90-day Term Deposit on February 1, 2019. On May 2, 90 days later, she receives her principle of 2,000,000 TRX plus a 3% return of 60,000 TRX, for a total of 2,060,000 TRX.
Bob deposits 3,000,000 TRX in the 180-day Term Deposit on March 1, 2019. On September 27, 180 days later, he receives his principle of 3,000,000 TRX plus a 5% return of 150,000 TRX for a total of 3,150,000 TRX.
Charlie deposits 1,000,000 TRX in the 180-day Term Deposit on March 1, 2019. However, after 103 days, on June 12, he requests early redemption of his Term Deposit. In this case, Charlie is paid a 2% return of 20,000 TRX, for a total of 1,020,000 TRX.
If you are interested in the Skye Crypto Term Deposit service, please get in touch directly at email@example.com.