How to Participate in BitNest Savings?
Queue Savings
To participate in Bit Savings, you first need to own two types of cryptocurrency: USDT and Mellion Coin (MEC).
USDT is a cryptocurrency pegged to the US dollar, allowing for global circulation. Using USDT eliminates regional currency restrictions and promotes the globalization of our business.
MEC is the core coin of the BitNest ecosystem, used for queuing in savings appointments. You need to pay an amount of MEC equivalent to 1% of the booked savings amount to queue. Once the queue is completed, your queued MEC will be destroyed, continuously contracting to maintain the price increase of MEC.
Step One: Enter the amount you wish to save on the Bit Savings page, and pay 1% of the "savings amount" in USDT and an equivalent value of 1% in MEC coins for queue reservation. The smart contract system will automatically calculate your exact savings duration, which is between 3-18 days. During the waiting period to pay the balance, you still retain 99% of your funds.
Step Two: Pay the balance. Based on the countdown time for paying the balance, you have 48 hours to decide whether to pay the remaining 99% of the balance. Once payment is completed, you will receive the maturity date of the savings, which is between 3-10 days. After the savings countdown ends, you will receive 113% of the principal and earnings.
In short, by paying the remaining 99% of the funds, you can receive 113% of the principal and earnings within 3-10 days. If you do not pay the balance, you will lose the 1% reservation deposit.
Detailed Introduction (Important):
The entire process of participating in Bit Savings includes the following steps:
Choose the savings amount and pay the deposit: Enter the amount you want to save on the main page of Bit Savings and pay 1% of the "savings amount" as a deposit. You need to pay 1% in USDT and the value of 1% in MEC as a deposit for the queue reservation.
Waiting for entry time: On the "My Orders" page, you can view the queue countdown for pre-paid orders. The smart contract system will automatically calculate your precise entry time, which is between 3 to 18 days. When the countdown ends, you can then pay your balance. During this period, while waiting to pay the balance, you still hold 99% of your funds.
Pay the balance: On the "My Orders" page, check the countdown for the balance due. Based on the countdown time, you have 48 hours to decide whether to pay the remaining 99% of the balance. After payment is completed, you will receive the savings maturity time, which is 3-10 days. After the savings countdown ends, you will collect 113% of the savings principal and earnings. Note that if you do not pay the balance, you will lose the 1% reservation deposit, which will flow into the BitNest pool.
Savings maturity: On the "My Orders" page, when the savings countdown ends (3 to 10 days), you can withdraw your savings principal and earnings from the withdrawal order page. You can withdraw 113% of the savings principal and earnings from the pool.
Overall, from the payment of the deposit to the maturity of the savings, the entire process can collect a 13% savings return in as little as 6 days and up to 28 days. However, if you have multiple queue reservations at the same time, you can ignore the waiting time to enter, and in fact, you can achieve a fixed 13% savings return in as little as 3 days, and at most in 10 days.
How to obtain Mellion Coin (MEC)?
There are several ways to obtain MEC. You can exchange USDT for MEC tokens in the BitNest specialty area or trade on the decentralized exchange, PancakeSwap. As a saver considering placing funds into Bit Savings, you may want to know more about how to ensure the security of your funds and obtain stable returns. Here are some more detailed explanations:
Smart contracts ensure the security of funds: Bit Savings uses smart contract technology to ensure the security of saver's funds. Smart contracts are automated protocols executed on the blockchain, governed by pre-programmed rules without human intervention. This means that once funds are locked in a smart contract, they are not subject to interference or risk from any third parties, ensuring the security of the funds.
Transparent saving process: The Bit Savings platform offers a completely transparent saving process. Savers can check the status and progress of their savings orders at any time. With blockchain technology, all savings transactions are recorded on an immutable distributed ledger, allowing savers to verify the status and returns of their savings orders at any time.
Stable returns: Bit Savings guarantees stable returns to savers. Depending on the saver's choice, upon maturity of the savings, you can receive 113% of the saved principal and earnings. This means that regardless of market fluctuations, savers can receive a fixed rate of return, thus reducing investment risk.
Enhanced security with multi-signature technology: Bit Savings also employs multi-signature technology to further enhance the security of funds. Multi-signature technology requires multiple authorizations to execute a transaction, preventing any single party from maliciously manipulating funds. This provides savers with additional protection against the risks of theft or misuse of funds. Bit Savings ensures the security and stable returns of savers' funds through smart contracts, a transparent saving process, stable returns, and multi-signature technology.
Last updated