DMEX To Launch FIL Term Deposit Product- This Latest Product Offers High & Stable Financial Returns

4 min readFeb 22, 2022

DMEX, a famous decentralized mining power financial services platform, is all set to launch the FIL Term deposit product, which is going to offer stable and high financial returns. This is not the first time DMEX is launching something remarkable, as we’ve seen some great products in the past as well!

Generally, Term deposit is the safest and most stable way of investment. Term deposits are a low-risk method of investing money, and you can gain a fixed rate of interest over them.

Speaking of the DMEX platform, it is a decentralized mining power financial service platform. The purpose of this platform is to reduce the entry barrier for crypto beginners, enhance the capital utilization rate for miners, and boost the value of inactive assets for the miners.

FIL is the token of the Filecoin project. Filecoin is an open-source, public cryptocurrency and digital payment system intended to be a blockchain-based cooperative digital storage and data retrieval method. It is made by Protocol Labs and builds on top of InterPlanetary File System, allowing users to rent unused hard drive space. With the DMEX new term deposit product, users can deposit their FIL to earn a FIL interest. This way, they can earn a stable FIL income with zero risk.

So, what kind of investors are suitable for term deposit products and why is investing in term deposits a fair idea?

1. Newbies/Beginners

If you are new to the crypto investment market, a term deposit product could be your best choice. Many retail investors in the market want to gain more income with minimum risk. However, due to their limited crypto knowledge, they are prone to incorrect information and tend to blindly trust the wrong people, which leads to investment losses. Term deposit investment guarantees a stable return over a period of time.

2. Experienced and Professional Investors

Investors who have experience in crypto investments and have pure confidence in their judgment about the market can also look for this product. Even with their expertise, they face difficulty predicting where the market button is when the bear market hits. Therefore, term deposit banking is an amazing way to gain a stable return at any rate.

3. Conventional Investors

Many investors in the market are conservative about their investments. They don’t want to quickly make a significant amount of money, and they also don’t want to lose their original investment. We can say they believe in calculated risks. Decentralized crypto deposit is more transparent and flexible than conventional centralized finance. This means you’ll always get more tokens when the term deposit matures. As long as the project you invest in is audited (such as DMEX), the risk of losing your investment is extremely low, and you can almost ignore the risk. Crypto term deposit also has a higher yield, well above the average of traditional centralized finance.

4. Long-term Investors

Long-term investors don’t care about short-term market ups and downs. They hold on to the coins for an extended period until the price reaches their ideal level. They don’t have the delusion of making millions from crypto overnight. Also, they are not in a hurry to get rich overnight. They are well prepared for long-term investments, and therefore, a Term deposit is actually very suitable for these investors.

5. Portfolio Investors

Portfolio investors are the true depiction of “don’t put your eggs in one basket”. That’s why they like to invest in a variety of products. Not only will they choose to invest in aggressive investments such as futures, but they will also assign part of their assets to stable earning products such as term deposits. Term deposit can guarantee users a stable income regardless of the rise or fall of the currency price, which makes it ideal for portfolio investors.

Wrapping-Up

To sum up, DMEX’s upcoming term deposit product can help users to mitigate the risk of market ups and downs while also giving investors a solid return, and these features make DMEX’s newest term deposit product well worth buying!