ONFA Savings - Smart Savings, Effective Returns

What is ONFA Savings?

ONFA Savings is a new feature on the ONFA app that allows you to deposit your OFT and earn attractive interest rates, also in OFT. This is a great way to increase your OFT holdings in addition to buying NFTs and mining.

Who Can Participate in ONFA Savings?

ONFA Savings is suitable for anyone who holds OFT and wants to optimize returns on their existing balance. Whether you are a new or experienced investor, ONFA Savings offers an attractive option to increase your assets safely and effectively.

Benefits of Using ONFA Savings

- Attractive Interest Rates: ONFA Savings offers interest rates based on APY (Annual Percentage Yield), ensuring optimal returns on your savings. Specifically:

  - 1-year term: 12% APY

  - 2-year term: 25% APY

  - 3-year term: 35% APY

For example, if you deposit 10,000 OFT for 1 year, you will receive 1,200 OFT in interest. The total amount you can withdraw upon completion of the savings term will be 11,200 OFT.

- Auto-Renewal: You can choose to enable or disable the auto-renewal feature. When the savings cycle ends, you have 5 days to withdraw your funds. If you forget to do so, your savings will be automatically renewed with the same term and current interest rate.

- Flexibility and Security: ONFA Savings provides flexibility in managing your finances. You can check your balance and transaction history at any time. At the same time, ONFA ensures the absolute security of your assets.

Note on Early Withdrawal Fees

If you withdraw your funds before the maturity date, a penalty fee of 30% will be applied to the principal amount. For example, if you deposit 10,000 OFT for 1 year but decide to withdraw after 3 months, you will receive only 7,000 OFT, as you will incur a penalty of 3,000 OFT.

ONFA Savings is an excellent choice for increasing your OFT holdings safely and effectively. Visit the ONFA app today to start saving and enjoy the attractive benefits of ONFA Savings!