On October 23, BitOffer joined hands with Goldman Sachs’ Asia’s top quantitative team. With years of experience in asset management for large institutions and large customers, after fully investigating the needs of users in the currency circle, BitOffer first launched a global capital-guaranteed quantitative fund with an annualized return of 20 %. Similar quantitative wealth management products that crush traditional finance and currency circles can be redeemed at any time without any lock-up mechanism. Just three days after it went online, it has become a new outlet for players in the digital currency field to rush to invest.
Looking at the current situation of the currency circle in 2020, 3.12 in the first half of the year is a good bargaining opportunity. However, due to the impact of the epidemic and the international economic environment, many investors believe that this is just the beginning of the decline of digital currencies. They chose to continue to wait and see, and finally missed the most. Good bargaining opportunities.
Since the second half of the year, DeFi has become the most popular topic in the currency circle. Before the beginning of September, users who provided liquidity mining for Maker, Compound, and Uniswap had their community governance tokens increased by dozens of hundreds of times since they went online. However, since SUSHI leaders sold off all governance tokens in their hands and cashed out 18,000 Ethereum, the DeFi tokens have been collectively cut, whether it is users who provide liquidity in the primary market or participants in the secondary market. Funds shrank by half overnight, and very few profitable ones.
Let’s look at the situation in the mining circle. At present, mining can be divided into two categories. One is physical mining. After the development of digital currency, mining has developed from the initial computer mining and personal mining to the main cluster mining farm. . However, affected by the epidemic this year, in the first half of the year, there was a lack of personnel management and maintenance in various mines. After the halving of the mainstream coins, the mining power increased, and the electricity bill remained high. Coupled with the impact of the digital currency plummet, a large number of mine owners were low. The price selling machine is out. According to the data analysis of the three major mining machine manufacturers Bitcoin Continental, Canaan Technology, and Ebang International, although the overall sales of mining machines have increased in the first three quarters of 2020, they have fallen a lot from the same period last year. This is still the currency price gradually picking up in the second half of the year. The consequences.
The other is cloud computing power mining. From the analysis of the mining project model this year, it is mostly radar and fireworks imitation disks. There is no innovation in nature. In addition to operational deficiencies and the impact of domestic and foreign economic environments, many projects The operation died within a few months, leaving investors and users with a feather.
Needless to say, the contract, spot, and derivatives markets will never be separated from the 28th rule. Less than 10% of users are truly profitable. Therefore, from the overall current situation of the currency circle, people urgently need to find a stable and high-yield product. In order to stabilize and increase the value of their assets, in the current currency circle, although many exchanges have successively launched quantitative wealth management products, they are all floating and non-guaranteed products. In the face of a sharp decline in the market, users still cannot escape the dilemma of loss.
This is the case in the digital currency field, what is the status quo of the traditional financial market? From 2010 to now, China's economy has maintained a steady upward trend, residents' income levels have gradually increased, and personal financial awareness and needs have continued to increase. With the development of technology and Internet technology, China's Internet wealth management industry has a broad development space. Data show that the total investable assets of Chinese individuals increased from 124 trillion yuan in 2014 to 214 trillion yuan in 2019, with a compound annual growth rate of 11.53%. Investment and financial management has become an indispensable topic for Chinese individuals and families.
However, since 2008, affected by the international financial crisis, the annualization of fixed investment of banks and financial institutions has been lowered, and the annualization is now less than 3%. Such a low return has been unable to meet people's financial investment needs. Therefore, regardless of whether it is in the digital currency field or the traditional financial market, high-yield, stable, capital and interest-guaranteed financial products have become a common pursuit of people. Which platform can take the lead in launching products that meet the above characteristics will be in the trillion blue ocean of financial management. The market has an advantage.
After gaining insight into this huge untapped market, BitOffer's professional team cooperated with Goldman Sachs' Asia's top quantitative team to give full play to Goldman Sachs' years of experience in providing assets to large institutions and large customers, combined with BitOffer's good reputation, strong market development and operation capabilities , Jointly launched the currency circle’s first principal and interest-guaranteed quantitative fund. Through quantitative hedging, quantitative arbitrage, high-frequency trading and other strategies, the annualization is as high as 20%, thereby satisfying people who pursue risk-free, high-yield, stable, capital and interest Investment and financial needs.
The quantitative fund project is called "Changying No. 1", the first phase of operation is 64 days, the total amount is 5 million USDT, the minimum purchase is 100 USDT, the online subscription is zero-fee, and there is no purchase limit until the total amount is fully subscribed So far, its revenue is calculated as follows:
For example, investor A subscribes to a quantitative base amount of 10,000 USDT on BitOffer. The initial net value is 100 USDT, that is, 100 shares are held. Investment income = holding shares X (net value at maturity-initial net value), then 64 days After expiration, A will get 100X (103.5-100)=350 USDT.