Bit trade, special募集 of loan cryptoassets "UPC" has started.

## Special Offering of UPC's Lending Cryptoassets

The cryptoassets exchange BitTrade announced that it will start a "special recruitment" for lending cryptoassets of UPC from March 27, 2025, at 16:00.

This募集 has a borrowing period set for 14 days, featuring a high interest rate of 100% per annum (the effective interest rate calculated for 14 days is approximately 3.84%). Applications can be made starting from 10 UPC, with a total募集 amount of 50,000 UPC.

The recruitment period is from March 27, 2025, at 16:00 to April 3, 2025, at 15:59, and if the total amount of recruitment is reached early, it may close at that time.

Bittrade will start handling UPCX (UPCX/UPC) for the first time in Japan from March 27, 2025 (Thursday) at 15:00. UPCX is a high-speed blockchain developed by Singapore-based UPCX-Platforms PTE. LTD., specialized in payment and financial services. It aims to create a "super app" that accommodates both online and offline, pursuing the foundation of a new financial ecosystem that "everyone can access safely and efficiently."

BitTrade's Open an account here (free)

Recruitment Guidelines, Points to Note

Lending cryptoassets (レンディング) refers to

Lending cryptoassets is a service where users lend their held cryptoassets to BitTrade for a certain period and receive a fee (equivalent to interest) in return. This allows users to manage their cryptoassets without selling them, providing an opportunity to earn a fixed lending fee without being affected by price fluctuations.

According to the release, there is a possibility that the same type of recruitment will be conducted again after the recruitment ends. It is possible to apply after simulating the borrowing fees using the cryptoassets lending simulator.

27 As of the date, the price of UPC is 586 yen. If 100 UPC is lent out, 3.83 UPC (approximately 2,244.38 yen) will be received. Source: Bit Trade

This service is attractive in that it can increase the amount held, but there is also a risk that the lent cryptoassets may not be returned (such as in the case of exchange bankruptcy). Therefore, it is recommended to apply with a full understanding of the risks involved. The recruitment overview is as follows, but Bittrade urges users to thoroughly check the precautions before using the service.

• Target asset: UPC
• Application Period: March 27, 2025 (Thu) 16:00 to April 3, 2025 (Thu) 15:59
• Rental period: 14 days
• Interest Rate: Annual Rate 100%

*Interest rate considering the lease period: approximately 3.84%

• Minimum application quantity: 10 UPC
• Application limit quantity: 50,000 UPC
• Total募集：50,000 UPC

The main points of注意事項 for this service are as follows.

• Individual contracts cannot generally be terminated prematurely.
• The cryptoassets that customers lend to BitTrade are not subject to segregated management under the Payment Services Act (Act No. 59 of 2009, including subsequent amendments).
• The contract for this service is an unsecured consumer loan agreement, and in the event that Bittrade goes bankrupt, there is a risk that the cryptoassets lent to the company by the customer will not be returned.

What is Bittrade?

BitTrade is a registered cryptoassets exchange operator with the Financial Services Agency, having obtained license number 00007 from the Kanto Local Finance Bureau. There are no account opening fees or maintenance fees, and trading fees are free for all pairs, including BTC/JPY, ETH/JPY, XRP/JPY, etc. Furthermore, popular assets such as Shiba Inu (SHIB) and Dogecoin (DOGE) are also available.

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