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1  Economy / Service Discussion / PiHodl - A Bitcoin financial service that provides a 10%+ expected p.a. on: January 21, 2020, 01:12:58 PM

PiHodl - Earn up to 10% on your Bitcoin (60+ weeks records)

Before introducing further detail about the financial service, let me introduce the team behind it first.
Because learning about the background of the team will help you to avoid the scam projects in the crypto industry.


The team behind PiHodl - BitUniverse

BitUniverse is a free trading bot and auto-portfolio app that reached 1.2 Million downloads in late 2019.

Yong Chen is the CEO and founder of BitUniverse. He's also the co-founder and SVP of Cheetah Mobile (NYSE: CMCM), an IPO company in the USA.
Most of the team member in BitUniverse are also from the founding team from Cheetah Mobile; they have a distinguished track record for building products which reached 1.2 Billion downloads worldwide.



The Investors of BitUniverse

The team got $10 Million investment from traditional VCs in late 2017. One of the VC called SHUNWEI Capital, which is the most well-known Venture Capital, founded by the co-founder of Xiaomi.



————— After knowing the background of the team, let's dig into more details about PiHodl —————



Trading Strategies in PiHodl

PiHodl only uses arbitrage strategies that have a lower risk compared to a trending strategy that profit from the market prediction.
The main arbitrage strategies in PiHodl are Spot-Future Arbitrage and Calendar Spread Arbitrage.



Performance of PiHodl

According to the PiHodl performance data, it remains a 0% drawdown since Jan 3, 2019, and the annualized profit for Bitcoin is around 12%.
The annualized profit is much higher compared to Lending Bitcoin to others and earns interest. Currently, the fund size for PiHodl is $20 Million.

Check out the weekly annualized return on this landing page. (https://www.pionex.com/pihodl/index.html)



Requirements to purchase PiHodl

Currently, individual investors could purchase PiHodl in Pionex Exchange. (thread of Pionex: https://bitcointalk.org/index.php?topic=5219215.0)

  • Minimum Investment Amount: The minimum purchase is 0.01 BTC or 100 USDT. You'd get BTC as profit if you purchased with BTC.
  • Subscription & Redemption: PiHodl has a settlement period every Friday, which means investors can purchase PiHodl or redeem their funds from PiHodl every week.
  • Performance Update: The performance will be updated every Saturday.


2  Economy / Exchanges / [ANN] Pionex Exchange - 12 crypto trading bots, the biggest Binance Brokers on: January 20, 2020, 02:21:14 PM
Pionex Exchange - Exchange with trading bots and one of the biggest Binance Brokers
12 Crypto Trading Bots free of charge.


About Pionex: Great Liquidity, free trading bots

Pionex is one of the world's 1st exchanges with in-built trading bots. It aggregates the liquidity from Binance and Huobi Global and is one of the biggest Binance brokers. In addition to the deep liquidity, Pionex provides 12 free trading bots, with which users can automate their trading 24/7 without always checking the markets.

Features:

  • Pionex provides 12 free trading bots for retail investors.
  • The trading fee is the lowest compared to most of the major exchanges. The trading fee on Pionex is 0.05% for maker and taker.
  • As one of the biggest Binance brokers, Pionex provides deep liquidity that aggregates Binance and Huobi Global's liquidity.
  • Grid Trading Bot is one of the most popular trading bots on pionex. It allows traders to buy low and sell high in a specific price range.
  • Leveraged Grid Bot provides up to 5x leverage.
  • Spot-Futures Arbitrage bot helps retails investors to make passive income with low risk. The estimated return for this strategy is 15~50% APR.
  • Smart Trade terminal allows traders to set up stop-loss, take profit, trailing in one trade.
  • Pionex issued one of the best Leveraged Tokens in the crypto market.
  • Pionex has been granted by the U.S. FinCEN's MSB (Money Services Business) License.


Grid Trading Bot

Grid Trading profits from the ups and downs of the market. You set a Price Range for the bot, adjust how many Grids you want and as long as the price stays within your set range, the bot will always sell a portion when the price goes a bit up and buy a portion when it goes a bit down. It’ll be perfect on a fluctuated sideways market.

Full tutorial: https://blog.pionex.com/pionex-grid-bot/


Spot-Futures Arbitrage – Earn 15~50% APR with Extremely Low Risk Arbitrage Strategy

Most of the investors in the crypto market like to hold a long position rather than a short position, which means traders with long positions need to pay funding rates to those who have a short position.

So here’s the arbitrage opportunity. We can hold a short position in the perpetual futures market and buy the same amount in the spot market, hedging our total investment. Our investment won’t be affected by the market fluctuation due to the market-neutral position but receive funding rates with our short position in the perpetual futures contracts.

Full tutorial: https://blog.pionex.com/spot-futures-arbitrage/


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