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Binance Dual Investment Quiz Answers Today
Q1. What kind of product is Dual Investment?
Answer: Investment product where users have a chance to sell high or buy low at their desired target price on the desired settlement date which does not guarantee a minimum return
Q2. What is the Target Price and Settlement Date in Dual Investment?
Answer: Target Price = the price at which I want to buy or sell cryptocurrency, Settlement Date = the date at which I want to buy or sell cryptocurrency
Q3. Once I subscribe, will my Target Price ever change?
Answer: The target price will not change once subscribed
Q4. I am hoping to sell my 1 BTC for 52,000 BUSD. I subscribed to the BTC Dual Investment “Sell High” product with a $52,000 Target Price to sell BTC. At the Settlement Date, the BTC price is $52,500. How much will I receive at the end?
Answer: 52,000 BUSD+ interest yield in BUSD
Q5. I am hoping to buy 1 BNB at 330 USDT. I subscribed to BNB Dual Investment “Buy Low” product with a $330 Target Price to buy BNB. At the settlement Date, the BNB price is $345. How much will I receive at the end?
Answer: 330 USDT + interest yield in USDT
Q6. What are the risks of Dual Investment?
Answer: The risk is that if the market price on the Settlement Date goes far below my Target Price to buy, I am buying at a relatively higher price and vice-versa.
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Activity Period : 2022-07-11 12:00 (UTC) to 2022-08-08 11:59 (UTC)
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