Binance Range Bound Quiz Answer
1. What kind of product is Range Bound?
Savings product with zero risk and fully principal-protected
Investment product where users have a chance to potentially earn higher rewards when the market is moving sideways
2. What is the “Price Range” in Range Bound?
Price Range is the Upper and Lower Price Range which I have the view that the cryptocurrency will trade within these two Price Ranges in a given time period
There is no such thing as Price Range
Price Range is the highest and lowest prices recorded within a given time
3. Once I subscribe, will my chosen Price Range ever change?
The Price Range will change from time to time
The Price Range will not change once subscribed
4. What is “Subscription Amount at Risk
The Range Bound Digital Assets that will be retained by Binance if the Reference Price Exceeded Price Range at any time during the subscription period
There is no Subscription Amount at Risk involved with Range Bound
The risk that my Subscription Amount will change depending on the market conditions
5. I have the view (i.e. I predict) that BTC will trade between 18,000 and 22,000 BUSD and I subscribe to the BTC Range Bound product using 1 BTC with no Subscription Amount at Risk. BTC price was at 20,000 BUSD upon subscription.
The BTC price never crossed the Upper or Lower Price Range at any point in time during the Subscription Period. How much will I receive at the end?
20,000 BUSD + Potential APR in BUSD
1 BTC + Potential APR in BTC
20,000 BUSD + Potential APR in BTC
6. I have the view (i.e. I predict) that BTC will trade between 18,000 and 22,000 BUSD and I subscribe to the BTC Range Bound product using 10,000 BUSD. BTC price was at 20,000 BUSD upon subscription. I opted in for a 2% Subscription Amount at Risk.
At the Settlement Date, the BTC price is $21,000 but it crossed the Upper or Lower Price Range during the Subscription Period. How much will I receive at the end?
10,000 BUSD + Potential APR in BTC
10,000 BUSD + Potential APR in BUSD
10,000 BUSD - Subscription Amount at Risk
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