1. Promotion Timeframe: Sep 7th - Sep 16th
2. To increase your limit: Deposit USDT or BTC and get your limit increased by the corresponding amount. Only new deposits made during event period will count. For limit increases, a deposit must meet the requirement in one lump sum.
100 ≤ X < 200
0.003 ≤ X < 0.006
200 ≤ X < 300
0.006 ≤ X < 0.009
300 ≤ X < 400
0.009 ≤ X < 0.012
400 ≤ X < 500
0.012 ≤ X < 0.015
3. Interest calculated and distributed for the Fixed Saving product: Interest for Fixed Saving is calculated based on the APY at the time of subscription and the amount invested. Any funds deposited by users before 12:00 PM (UTC) on the day of transfer (T) will receive earned interest at 12:30 on T+8 day. Any funds transferred after 12:00 PM (UTC) on T day will receive interest on T+9 days. Phemex will calculate the interest of the previous day in real time based on the net value growth of the account's current funds. Earnings distributed to the account can be withdrawn once the lockup period ends.
4. APY calculation formulas: The annualized rate of return refers to the rate of return from an investment period of one year. To calculate actual final earnings, use the following formula: Initial deposit × annualized rate of return × number of days invested / 365
5. Automatic Renewal: The event period is 7 days long and will not automatically renew.