Wirex DUO product is a digital currency investment product designed to provide fixed returns to the users. One of the key features of the product is that there are no additional fees beyond the invested amount. All returns are calculated based on the Annual Percentage Rate (APR) that is fixed for each DUO term (12 hours, 1 day, 2 days or 7 days).
When you invest in a DUO product, the invested amount is locked until expiration and the reward is calculated based on the fixed APR, the invested amount and the term selected. The reward is paid out in either one of the two digital currencies paired in the DUO product.
For example, if you invest 0.5 Bitcoin (BTC) in the BTC/USDT 12 hours DUO with an APR of 200%, the reward at expiration will be 0.00137 BTC, calculated as follows: [0.5] * [12 / (365*24)] * [200%] = 0.00137 BTC.
It is important to note that the APR is fixed and does not change during the term of the DUO product. This allows you to have a clear understanding of the expected return on your investment, without any surprises.
In conclusion, Wirex DUO is a fee-free investment product that provides a fixed APR to users, allowing them to make an informed investment decision.