BitOffer Quantitative Fund Launched, The First Capital & Interest Guaranteed Fund Leading the Cryptocurrency Wealth Management

On Oct 23rd, 2020, BitOffer officially launched BitOffer Quantitative Fund, the first cryptocurrency fund that guarantees the original investment and interest. On the occasion, investors can purchase it with 0 fees. BitOffer Quantitative Fund named “DEF №1” was launched by BitOffer and Goldman Sachs Asian Team, which uses strategies such as Quantitative Hedge, Quantitative Arbitrage, High-frequency Trading, etc. To enable the annualized return to reach 20%, a number is much better than the other same types of products.

As the economy developed and improved, the value of people’s assets enhances. Thus, the demand for finance also becomes stronger. However, the annualized yield of the financial products on the Bank and Finance Institution was too low to satisfy it.

In addition, in the cryptocurrency industry, the total users trading futures and participating in yield farming but losing money reached a new peak in 2020. Therefore, a financial product that can guarantee the original investment and interest which is high enough but still stable becomes the demand for traditional finance and the cryptocurrency yield. BitOffer Quantitative Fund meets all the requirements: it not only guarantees investors’ original investment and gives high interest, but also covers the disadvantages from futures and another leveraged trading. In summary, it perfects the cryptocurrency ecosystem.

According to the announcement made by BitOffer Official, the period of the quantitative fund is 64 days, the total limit is 5 million USDT and the min. Investment is 100 USDT. It does not set any personal limit until the total limit is purchased.

The purchase will be divided into 3 parts:

The First Period: 00:00 Oct 23rd to 24:00 Oct 29th (UTC+8)

During the first period, the purchase charges 0 fees. Since the quantitative team is setting the quantitative strategies, redemption is not available until the second period: 00:00 Oct 30th to 24:00 Dec 20th. In the second period, purchase and redemption are available anytime.

The Second Period: 00:00 Oct 30th to 24:00 Dec 20th (UTC+8)

During the second period, investors can purchase or redeem the fund anytime as they like, but it charges fees: Purchase for 0.5%, Redemption for 3.5%. When the investors complete the purchase, they can also trade it on the secondary market. Trading on the secondary market will only charge the fees which are the same as the spot trading: 0.05%. In this way, investors can save the redemption fees.

The Third Period: 00:00 Dec 21st to 24:00 Dec 26th (UTC+8)

In the last week of the fund period, purchase and redemption are not allowed. Investors can check the real-time net value of the fund. it may fluctuate, but don’t worry, when the fund settles, the net value will definitely make investors’ annualized return reach 20%. Just like what we said, BitOffer Quantitative Fund guarantees investors’ original investment while getting investors to earn a fixed income.

FAQ:

1. How Do I Purchase Quantitative Fund?

Log in on https://www.bitoffer.com or BitOffer App, Click “Quantitative Fund”, then choose “Purchase” and input the purchase amount. Notice that the purchase of the BitOffer Quantitative Fund is divided into 3 parts, in a different period, the conditions and fees to redeem are a little bit different. For example, if you purchase from 00:00 Oct 23rd to 24:00 Oct 29th, it would never charge you fees. So, purchase in this period is the most cost-effective.

2. How Do I redeem Quantitative Fund?

During the second period which is from 00:00 Oct 30th to 24:00 Dec 20th, investors can redeem Quantitative Fund anytime: Log in on https://www.bitoffer.com or BitOffer App, Click “Quantitative Fund”, then choose “Redeem” and input the redemption amount, and it will charge 3.5% as fees. Thus, investors can trade LP/USDT to sell their shares on the secondary market so that the redemption fees can be reduced. Or investors can wait for the fund settles, in this way, the fees can be saved.

3. Comparing with other financial products:

A. Fixed Term Financial Products: 2.5% (Not Capital Guaranteed)

B. Other Quantitative Funds on BiXin, Cobo: 5% (Floating Return and Not Capital Guaranteed)

C. BitOffer Quantitative Fund: 20% Fixed Annualized Income (Capital & Interest Guaranteed)

It is obvious that the APY of the BitOffer Quantitative Fund is much better than the other same types of products on the yield of Traditional Finance and the Cryptocurrency. Moreover, most other products only give floating returns back, but when things come to BitOffer Quantitative Fund, the interest and original investment can be both guaranteed. Thus, no matter when you purchase or redeem it, you will never lose.

For example, if you purchase 10,000 USDT on BitOffer Quantitative Fund, and the initial net value is 100 USDT, so you would have 100 shares.

Here is the profit calculation: Profits = Holding Shares * (The value when settles — the initial value).

Then, in 64 days, if you choose to cash out, then you would earn 100 * (103.5–100) = 350 USDT.