And now, hot on the heels of BCH coming to Power Piggy, the investment platform added Litecoin (LTC), one of the top cryptocurrency coins, according to CoinMarketCap.
Using the PowerPiggy program, users can earn passive revenue on their LTC coins at a baseline interest of 7.3% APR.
The Bitrue community has long requested for this coin to be investable, and the exchange finally heeded the call, making the first cap for this coin available on April 16th at 22:00 (UTC+8), and then every 12 hours afterward.
Deposits can be withdrawn at any time, and interest on locked LTC coins is paid out daily, making the investment program a great way for crypto lovers to experiment with non-legacy financial platforms and earn passive income.
How Bitrue’s Lock-up Based Investment Feature Works
Power Piggy offers a unique way to earn interest on a wide array of digital assets, such as widely held coins like XRP and BTC, along with freshly added investable ones such as EOS and LTC.
Rates are adjusted frequently and are currently 6.57% for BTC, 4.38% for ETH, and 12% for USDT, with the exchange promising a guarantee of up to $1M in case of any security breach on the platform.
Bitrue users also have the opportunity to earn up to 10.3% interest on a wide variety of coins, including XRP, ETH, Tether (USDT), and more.
The quantity of coins that can be invested is proportionate to the amount of Bitrue Tokens (BTR) held, creating an extra use case for the platform’s native token.
“Our Power Piggy program, which allows the community to compete for investment opportunities, has been a runaway success and has attracted a lot of attention in the industry,” stated Bitrue CEO Curis Wang.
Bitrue continues to pledge its commitment to the crypto community and is one of the pioneering exchanges to list the XRP as a base currency.
Rewarding Loyal Customers
Furthermore, Wang believes the exchange has a unique opportunity to reward loyal customers who are supporting the startup by holding BTR.
Case in point, Bitrue offers lucrative rates of 15% on various coins for holders who stake the platform’s BRT token via the VIP Cap feature.
Additional features will continue to be developed around BTR, such as discounted rates on Bitrue Loans and increased weighting when distributing airdrops.