- Bitrue officially announced the launch of its new Yield Farming Hub on January 10 2022.
- Bitrue will open over 20 pools with APRs of over 150%.
The crypto world continues to develop its network to stay competitive against its competitors in the space. This time, Bitrue, one of the biggest and most famous crypto exchanges in the space, officially announced the launch of its new Yield Farming Hub on January 10, 2022. Indeed, this news brings joy and excitement to all its participants in the network.
This made the team of Bitrue react using the network’s official account on Twitter,
Bitrue’s new #YieldFarming hub is coming January 10th! Use $BTR to maximize your yield & farm coins at 150%+ APY. Discover why BTR is going to become the world’s first #YieldToken.— Bitrue (@BitrueOfficial) January 6, 2022
More details at https://t.co/017kCt3wb2 pic.twitter.com/jIxyVHMaYQ
The tweet post stated the upcoming major event of the exchange. “Bitrue’s new #YieldFarming hub is coming January 10th! Use $BTR to maximize your yield & farm coins at 150%+ APY. Discover why BTR is going to become the world’s first #YieldToken.”
At the time of writing, the tweet post has already been retweeted over 125 times, with 359 likes increasing over time. Also, the post gathered different opinions across the crypto Twitter community. Some are very excited, while others simply wait for the event to open officially.
Meanwhile, the new Yield Farming Hub of the exchange will enable users to mine for coins similar to Decentralized Finance (DeFi) pools. On the launch day, Bitrue will open over 20 pools with APRs of over 150%. It will also allow users to choose from multiple staking periods that fit their investment appetite.
In terms of its technology, the pools will be powered by the exchange native digital asset – BTR. Either BTR or the coin that the user wishes to mine for will be stakeable in order to begin farming. Best of all, BTR has successfully recorded a growth rate of more than 300% since its initial launch in July 2018.
Adam O’Neill, Chief Marketing Officer at Bitrue explained,
By offering such a wide range of investment options with varying lockup periods, returns, and formats, we give our users the freedom to choose an investment strategy that works best for them. It makes BTR the world’s first Yield Token – a coin expressly devoted to maximizing the return on investment for cryptocurrencies.
On the other hand, Bitrue has a history of offering innovative investment products, with Power Piggy in early 2018 being the first crypto-centric investment service launched anywhere in the world. This new hub will join Power Piggy as well as BTR Lockups, Vote Staking, and various other services that use BTR to generate returns for users.