On October 23, 2020, the BitOffer exchange officially launched the industry's first capital and interest guaranteed quantitative fund. At that time, zero handling fee subscriptions will be opened. The name of the quantitative fund project is "Changying No. 1", which was jointly launched by BitOffer and the Goldman Sachs Asia Quantitative Team. It uses strategies such as quantitative hedging, quantitative arbitrage, and high-frequency trading to achieve an annualized return of up to 20%, crushing similar currencies Quantitative funds.
In the traditional financial market, in 2019, the overall balance of bank wealth management products showed a steady upward trend. As of the end of 2019, a total of 377 banking financial institutions across the country had non-guaranteed wealth management products, with 47,300 co-existing, with a remaining balance of 23.40 trillion yuan, a year-on-year increase of 6.15%. With the development of social economy and the improvement of people's net asset value, the demand for financial management will gradually increase, but the annualized income of financial products of banks and financial institutions is too low to meet people's financial needs.
In the currency circle, playing futures contracts, the total number of users who lost money in DeFi liquidity mining hit a new high this year. Therefore, whether in the traditional financial market or in the currency circle, the method of maintaining capital, interest, and high-yield stable financial management has become The common pursuit of people. BitOffer Capital Guaranteed Quantitative Fund has just this condition. It not only satisfies people's pursuit of capital preservation and high yield, but also makes up for the shortcomings of non-guaranteed products of spot, contract, and digital derivatives. It is a perfection of the entire digital currency market.
According to the official announcement issued by the BitOffer exchange, the first phase of the quantitative fund has a 64-day operation cycle, with a total amount of 5 million, and a minimum investment of 100 USDT. There is no purchase limit. Until all the quotas are purchased, the purchase will be divided into three stages get on:
The first stage: October 23 00:00 to October 29 24:00 (Hong Kong time)
At this stage, user subscription does not require any fee rate, that is, subscription with zero handling fee. However, at this stage, due to the quantitative hedging, quantitative arbitrage, high-frequency trading and other strategies being carried out by the quantitative team, the user’s fund cannot be redeemed for the time being. In the second stage, from 00:00 on October 30th to 24:00 on December 20th, users can redeem at any time.
The second stage: October 30, 00:00-December 20, 24:00 (Hong Kong time)
At this stage, users can subscribe and redeem the quantitative fund at any time, but subscription and redemption requires a certain handling fee. The subscription fee is 0.5% and the redemption fee is 3.5%. After the user subscribes to the quota, he can go to the secondary market to trade, and the transaction fee will be charged according to the currency transaction fee, which is only 0.05%, which can save a lot of unnecessary redemption fees.
The third stage of subscription: 00:00 on December 21st to 24:00 on December 26th (Hong Kong time)
Subscription and redemption are prohibited in the last week. Users can see the real-time display of the fund’s net value every day, which may fluctuate a little bit, but don’t worry, when the fund expires and the system automatically redeems, its net value must be greater than the user’s input amount. Achieve 20% of the annualized income, to achieve true capital and income protection, without any loss to users.
- How to subscribe for quantitative funds?
Log in to the BitOffer mobile or computer terminal, enter the homepage, find the quantitative fund port, click to enter the purchase page, and enter the purchase amount to subscribe. It should be noted that the quantitative fund subscription is divided into 3 stages. In different stages, the required handling fees and transaction redemption conditions are slightly different, such as the first stage, which is from 00:00 on October 23 to October 29 Subscribing between 24:00 does not require any handling fees, so subscribing at this stage is the most cost-effective.
2. How to redeem?
In the second stage of subscription, that is, from 00:00 on October 30th to 24:00 on December 20th, users can redeem the fund at any time. The redemption steps are: log in to the BitOffer mobile or computer terminal and enter the homepage , Click the quantitative fund port, enter the product redemption page, click redeem, and enter the redemption amount, but the redemption requires a 3.5% handling fee, so users are better to trade in the secondary market, the handling fee will be lower, or When the fund is due, the system will automatically redeem it, so that it can save the handling fee and earn a net annualized income.
3. Compared with other financial products
1. Banks are fixed on a regular basis, floating 2.5% annually (non-guaranteed)
2. Yu'ebao and Changqianbao, the floating annualization is about 2% (non-guaranteed)
3. Quantitative funds in the currency circle, such as BiXin and Cobo, float at an annualized rate of 5% (not guaranteed)
4. BitOffer capital guaranteed quantitative fund, with an annualized return of 20% (capital guaranteed and interest guaranteed)
At a glance, it can be seen that BitOffer’s annualized returns have crushed traditional financial and currency financial products. The key point is that other financial products are floating non-principal-guaranteed products, while BitOffer’s quantitative fund guarantees principal and interest, no matter what you do. There will be no loss in the purchase transaction.
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.