Park Nubits and earn 12% Apr. interest. Good rates don't last long

masterOfDisaster

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OP edited by

Quote from: mhps on April 22, 2016, 11:00:17 PM

Edit to add:
You can find a parking calculator, a tutorial, and an FAQ at www.parkyournubits.com or http://parkyournubits.com (both also with SSL support if you want).

mhps

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Quote from: condoras on April 23, 2016, 03:52:48 AM

Sorry but what this thread have to do with Lending? Huh

Parking is lending your fund to Nu. You do it in your wallet. No need to deal with the counterparty or escrow.

condoras

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This is what I do. I drink and I know things.

Sorry but what this thread have to do with Lending? Huh

cybnate26

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Observer

Just keep an eye on this thread or your NuBits client as the rates do fluctuate with the hour. Here is a quick table as of now:

11.4 days - ~8.5% p/a
23 days - ~11.5% p/a
1.5 months - ~12.5% p/a
3 months - ~13% p/a

Please make sure your select the correct period as currently no rates are offered beyond 3 months.
So if you lock in your funds for 6 months, you would only receive 13% for the first 3 months and 0% for the next 3 months resulting in only 6.5% p/a and you won't be able to unlock your funds.
The rates are like 'fixed rate bonds". They don't fluctuate during the locked period. The wallet will show the amount earned after the period when locking in the funds. What you see is what you get.

Download your wallet from https://nubits.com/download. You will be able to see the rates without owning NuBits. You will need NuBits to take advantage of these rates though.
A list of NuBits exchanges is here: https://nubits.com/exchanges. CCEDK has USD/NBT and EUR/NBT pairs for your fiat as the others have BTC/NBT pairs for fast trading.

mhps

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Nubits is a cryptocurrency pegged to the USD. It's done so successfully for 1.5 years. As part of its liquidity control operations, when BTC price rises, Nu uses "parking" to rein in extra Nubits on the market.

Now Nushareholders are offering ~12%APR for 3 month to 23 days and 8%APR for 11-23days.

Just buy Nubits, park them (do it in your wallet), and the "interest" will be paid by the blockchain at the end of the period. The park rates are often changed according to market conditions. Once you park, your rate is fixed.

You can buy Nubits here (most liquid exchanges are poloniex and the NuLagoon Tube).

Edit to add:
You can find a parking calculator, a tutorial, and an FAQ at www.parkyournubits.com or http://parkyournubits.com (both also with SSL support if you want).

Topic: Park Nubits and earn 12% Apr. interest. Good rates don't last long (Read 667 times)