PiHodl - A Bitcoin financial service that provides a 10%+ expected p.a.

[webb32503_tw]

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.

[hugeblack]

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.

Can you provide more information about Yong Chen? I searched on Google and did not find much information? Is he a famous person or unknown?
Do you mean (Cheetah Mobile) this company? I noticed that the two (Cheetah Mobile & PiHodl) are in Singapore.
Since you are planning to invest, do you have legal papers for that? Can you provide it to us?
Any evidence of the company?

[webb32503_tw]

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.

Can you provide more information about Yong Chen? I searched on Google and did not find much information? Is he a famous person or unknown?
Do you mean (Cheetah Mobile) this company? I noticed that the two (Cheetah Mobile & PiHodl) are in Singapore.
Since you are planning to invest, do you have legal papers for that? Can you provide it to us?
Any evidence of the company?

You can try to google "Chen Yong cheetah mobile" and there might be some info on the internet.
This service is from a company called BitUinverse, doesn't have any relationship with Cheetah Mobile.

[klaaas]

Starting with $10 Million in the bag and making profits over the last years they dont need 100 dollar from individuals.
Next to that a 3rd party that handles your funds is always a concern. API access should be enough for a bot to do its job.

[Mbitr]

May I ask , why you have named it PiHodl ? Has this anything to do with the Pi network ?
TIA