Q1: Where does the 12% of annual income of BTC and ETH come from?
A1: Registered in Singapore in October 2018, Coordinate Capital (Shanghai) is currently based in Pudong New Area, Shanghai, China. The company is mainly responsible for the provision of professional management of blockchain assets. Based on rigorous investment research, by taking the advantages regarding the fluctuations of the prices of cryptocurrency assets in blockchain industry, the company manages to eliminate uncertainty in its investment through a great number of in-depth studies and obtain relevant investment profits with minimum risks and strives to provide investors with sustainable and stable incomes. The company is currently running 3 major products, and the company current manages a large scale of property of both its products and the asset under its management, which worth approximately USD$ 14.3 million.
On December 3rd, 2018, the company released its first blockchain quantitative fund product --- capital stable quantitative hedge fund (rate of annual income 30% ~ 40%), through which the company has raised 800 BTC, with the product maintained 45 weeks of 0 drawdown. On June 3rd, 2019, the company released a key product to its customer end users --- aggressive quantitative fund (rate of annual income 100%~120%), through which the company has raised 3,000,000 USDT, with the rate of maximum drawdown up to today being 0.2%.
Q2: Is the BTC investment a break-even investment?
A2: The investment will ensure a break even, in addition users will also obtain daily interest
Q3: If I start to deposit BTC, ETH at noon on October 11th, when will I start to receive interest?
A3: The interest for BTC and ETH starts at T+1. If you start to deposit at October 11th, then the interest calculation will begin on the 12th. On October 13th 13:00 （UTC+8), your interest situation will be available in “my daily income.”
Q4: What does the “T” stands for in the “T+1” redemption of BTC fixed term investment plan?
A4: T means calendar day, T+1 means the users will finish their redemption process after any calendar day + 1 calendar day.
For example, Tom clicked “redemption” at 12:00, October 11th, 2019, then the system starts to conduct redemption process, which means the interest due for October 11th, 2019 will not be calculated as part of Tom’s interests due. The system will finish the redemption process before 16:00, October 12th, 2019, which means that Tom will receive his capital + interest(s) due before 16:00, October 12th, 2019 in his investment account.
Q5: May I withdraw the daily interest(s) of my fixed term investment plan?
A5: No, you are not required to withdraw your daily interest(s) from your fixed term investment plan. You may check your daily income(s) in “My Income(s)” section. You will only receive all your capital and interest(s) after finishing the redemption process.
Q6: If I deposit 10 ETH, then how much interest(s) I will receive everyday?
A6: The rate of annual income of ETH is 12%, Considering that your capital is 10 ETH, and your investment period is 1 day
Then, based on our calculation formula: Users’ Income = Users’ Capital x actual rate of annual income x the number of days of the product’s investment period ÷365
Which means, 10 ETH*12%*1 day÷365 ≈0.0032877ETH (the actual daily income is based on the expected income listed in “My Income(s)” section.
Same for BTC, if you deposit 10 BTC, then 10BTC*12%*1 day ÷365 will be the interest you will receive everyday.
Q7: If I click “redemption”, then will I still receive my daily interest during the process of redemption?
A7: There will be no interest(s) credited to you during the redemption period.
For example: Tom clicked “redemption” to redeem 10 BTC at 12:00, October 11th, 2019, then Tom will not receive any interest(s) starting from the time he clicked “redemption” until the redemption process finishes.
Q8: If I purchase PCX investment plan, then will I receive my daily interest in PCX or USDT?
A8: You will receive your interest(s) in the type(s) of tokens that are in accordance with the investment plan(s) of the type(s) of the tokens that you purchased.
Q9: Will I receive compound interest from my daily interests?
A9: Currently, we do not offer any compound interests for the daily interests of any fixed term investment plans. The interests that users receive everyday are calculated by the capital invested by the users as fixed term investment plan.
Q10: Are the interests of perpetual investment plans settled annually or daily?
A10: All interests of any perpetual investment plans are settled daily, for details, please refer to Q3
Q11: Do I have to wait for one year before I can apply for redemption on my perpetual investment plan?
A11: You may apply for redemption on your perpetual investment plan at any time after purchasing for one day.
Note: You will receive your capital only, with no interest credited to you, if you choose to redeem your investment plan after purchasing for 1 day.
For example: Tom purchased BTC fixed term investment plan at 12:00, October 11th, 2019 and clicked redemption by October 12th, 2019, then after redemption process finishes, Tom will only receive his capital. If Tom clicks redemption by October 13th, 2019, then after redemption process finishes, Tom will receive his capital + his interest due for October 12th, 2019.
Q12: Do I have to pay a certain amount of fee by the time I redeem my perpetual investment plan?
A12: There is no extra fee applies to the redemption of any of the perpetual investment plans. The users are only required to wait for the redemption period to finish according to the time required displayed on the web page of the product.
Q13: If I participate in current deposit investment plan and fixed term investment plan at the same time, will my accounts get affected by any possible interference of both plans?
A13: The accounts for your current deposit plan and fixed term investment plan are two separate accounts. If any users intend to participate in fixed term investment plan, then the users are required to click on certain buttons on the web page regarding the purchase of the plan to transfer their asset. Hence, the two accounts are completely separated. Your assets that are not involved in the fixed term investment plans will not be affected at all (for example, any restrictions on withdrawal etc.)
Q14: Is there any relationships between the rate of annual income of fixed term investment plans and the period of fixed term investment plans?
A14: Currently, we have only released perpetual fixed term investment plans, of which the annual interests are determined by the list displayed on the web page of fixed term investment plans.
Q15: May I choose to redeem my capital only and put my interest(s) in fixed term investment plan again?
A15: Currently, after redemption process finishes, our system will return all capital + interest(s) due to you at once. After the redemption process finishes, if you intend to use the interest(s) you received to purchase fixed term investment plan again, then you may choose to purchase our fixed term investment plan again with your interest(s) after your redemption process finishes.
Q16: May I choose to purchase fixed term investment plans for more than once?
A16: Of course our users may choose to purchase fixed term investment plans for more than once. Each time our users purchase their fixed term investment plan, there will be a new order for our users, which means that the fixed term investment plans that each user purchases for more than once will not be overlapped with the plans that he / she has purchased before.
Users may check their purchase records in “My Purchased Orders”section. The amount of interests and status of every order will be displayed in “My Income(s)” section.
Q17: What does “Automatic Resume” means in “My Purchased Orders”?
A17: Our fixed term investment products will expire some day. The “Automatic Resume” function is designed for fixed term investment products. By the time the product expires, the users may choose this function to automatically resume the product. Currently, the fixed term investment plans that we have released are all perpetual plans, which do not involve the use of this function.
Q18: May I customize the amount of asset to be redeemed?
A18: Currently, Hotbit’s fixed term investment plans only allow the users to redeem their assets according to what they purchased.
For example: Tom purchased 10 BTC of fixed term investment plan on October 22nd, which means that Tom may only redeem 10 BTC as his capital.