Getting Started with Simple Earn Locked Products on the Trading Platform

Simple Earn Locked Products are crypto investment services designed to offer users higher returns in exchange for committing their assets over a fixed period. These products feature a set redemption date, giving investors certainty about their investment schedule. Despite this, users retain the flexibility to withdraw their entire balance at any time before maturity; however, they will forfeit any rewards accumulated up to the withdrawal date.

Subscription and Redemption

Simple Earn Locked Products follow a consistent daily schedule for subscription and redemption. The service is available from 00:10 UTC to 23:50 UTC each day, providing users with a broad transaction window. When users subscribe, assets are transferred automatically and instantly from the Spot Wallet to the selected product upon confirmation.

Each Locked Product has specific subscription limits that may change at any time due to market conditions and platform policies. Once the maximum quota is reached, the system will not process additional subscriptions. This situation resembles when a sleeping token is sold out, requiring users to wait for new quotas. On the maturity date, products are automatically redeemed, and users can choose either to receive assets back in their Spot Wallet or transfer them to a Flexible Product in the same cryptocurrency, along with any accumulated rewards.

If redeemed before maturity, users receive the full locked asset balance minus all rewards earned during the period. Funds are transferred to the Spot Wallet within 72 hours. Note that extreme market volatility, network delays, or high redemption demand may result in processing delays.

What Is Auto-Subscription and How Does It Work?

Auto-Subscription is a renewal mechanism designed to help users maintain their investments effortlessly. This feature automatically renews expired Locked Product positions for a new period of the same duration. Only the principal amount from the initial subscription is renewed, while accrued rewards are transferred directly to the user's Spot Wallet.

Auto-renewal is not guaranteed, especially if a Locked Product's quota is full or the sleeping token is sold out. In such cases, even with Auto-Subscription enabled, positions may not be renewed. As an alternative, assets are automatically switched to a Flexible Product subscription once the position expires.

Rewards for the new period start accumulating on the renewal date and are distributed to the Spot Wallet beginning the following day. Users have full control and can disable Auto-Subscription at any time before the locked period ends via their Earn Wallet to prevent further renewals.

What Is the [Set Reminder] Function and How Does It Work?

The Set Reminder feature provides notifications to keep users informed about Locked Product availability. When a Locked Product is sold out or the quota is full, the Set Reminder button appears automatically on the subscription page. This function is especially valuable when the sleeping token is sold out and users want notification when it becomes available again.

Activating the feature is straightforward. When attempting to subscribe to a sold-out Locked Product, users see the Set Reminder button at the bottom of the page. Clicking it prompts a confirmation pop-up. After clicking OK, the function is activated. A confirmation message—"You will be notified when the product quota is available"—appears on the subscription page.

This feature is ideal for users who are interested in specific products and want to avoid repeatedly checking availability, especially when tracking the sleeping token's status. When quota becomes available again, the system immediately sends a notification.

How Is APR for Locked Products Calculated and Distributed?

Rewards for Locked Products are calculated and distributed using this formula: Reward = Deposited Assets × APR / 365. This provides a daily calculation proportional to the invested amount.

APR (Annual Percentage Rate) for Simple Earn Locked Products is variable and may change daily unless specifically stated otherwise. As a result, the estimated rewards shown at subscription may differ from actual rewards earned during the investment period. For certain digital assets, leading exchanges may offer products with Fixed Interest Rates, ensuring a consistent reward rate throughout the investment term.

Reward accumulation begins at 00:00 UTC the day after subscription. The first distribution is credited to the Spot Wallet after the initial full day of accumulation. Rewards are not issued on the subscription day itself. Subsequently, rewards are calculated and distributed to the Spot Wallet daily between 00:00 and 07:00 UTC, providing regular and consistent returns.

Conclusion

Simple Earn Locked Products deliver a structured crypto investment solution with competitive rewards for users willing to allocate assets over a specified period. The system strikes a balance between flexibility and yield, enabling users to select various investment durations with corresponding APRs.

Features like Auto-Subscription and Set Reminder enhance user convenience, particularly during times when the sleeping token is sold out. While APR is dynamic, transparent calculation and distribution provide clarity for investors. The flexible redemption system—at maturity or early—gives users full control over their assets, with clearly defined reward implications.

By understanding subscription, redemption, and reward calculation processes, users can make informed investment decisions and maximize their returns from Simple Earn Locked Products, tailored to their strategy and risk tolerance. Monitoring product availability and leveraging the reminder feature ensures users do not miss investment opportunities, especially when the sleeping token is sold out.

FAQ

When Will Bitcoin Be Fully Mined?

Bitcoin is projected to be fully mined by 2140. Of the 21 million total supply, most has already been mined. The process will continue, with rewards gradually decreasing, until the cap is reached.

What Is Bitcoin’s Total Supply?

Bitcoin’s total supply is 21 million coins, expected to be fully reached by 2140. Currently, over 18 million Bitcoin have already been mined.

When Does the Crypto Market Close?

The crypto market never closes. Cryptocurrency trading operates 24/7 without interruption, unlike traditional stock markets with restricted hours.