GMO Click, a subsidiary of the Japanese Internet giant GMO, has announced the launch of a new service that will allow customers to provide their Bitcoins to the company at 5% per annum. A new service, which will be available from May 2018, is called the Virtual Currency Rental Service (VCRS).
"With the help of the VCRS service, you can put the crypto on the bank, and it is guaranteed to make a profit in accordance with the amount of invested funds. % per annum. "
Interested clients can apply for participation in the program from April 11 to May 2. After the specified period, during which applications from customers will be collected, the company will review them and report on its decision, as well as send a detailed agreement on the procedure for lending to all who will pass the selection. At the current stage, the service is supported only by Bitcoins. The minimum deposit amount is 10 BTC, the maximum is 100 BTC.
Deposit term is 90 days. Crypto currency can be withdrawn at any time, but in this case, interest is not charged, and it will also be necessary to pay a penalty for the premature termination of the contract.
"During the validity of the loan agreement, the crypto currency can not be sold or transferred. If the client has a need to collect coins in less than 90 days, we will review the application and within five days we will transfer the Bitcoins back to his account minus the commission for cancellation of the deposit. "
Payments will be calculated according to the following formula: dividends = (loan amount × loan period (day) × credit rate) / 365. That is, if the customer has transferred 10 BTC, then 90 days later he will receive: (10 BTC × 90 days × 5%) / 365 = 0.12328767 BTC
Five percent per annum - much less than three months can earn an experienced trader. However, among newcomers, the new service will be in demand, as it will bring them a guaranteed income.