Hoo Option Will Launch Quantitative Financial Products on July 24
Dear Hoo users,
To provide users with a better asset management environment, Hoo Option will launch quantitative financial products(Spot/Future deposit and CTA deposit) on July 24.
1. Fixed income + Floating income financial products: Spot/Future deposit
Rules:Accepted price: 1 USDT = 1 QXGS
*QXGS represents the proof of ownership of the quantitative financial products "Spot/Future deposit".
Time: 10:00 on July 24 - 18:00 on July 24, 2020 (UTC+8)
Accepted coin: USDT (wallet account)
Total subscription: 300,000 USDT
Minimum invest: 100 USDT
Requirement: Complete KYC
Locking period: Starting from July 27, the lock-up period is 45 days and expires on September 10.
QXGS distribution: It will be distributed within 3 hours after the end of the subscription, and QXGS will not open the secondary market for trading.
Settlement rules: 1 QXGS = 1 +（ARR at maturity * 45 / 365）USDT
Estimated income: 6% - 20% ARR
(The base interest rate is guaranteed at 6%, and the estimated ARR fluctuates between 6% and 20%. Finally, the actual fund performance will prevail. If less than 6% is guaranteed, it will be made up to 6% by the issuer.)
Product informationAttribute: quantitative financial products
Support: Principle68 Capital
Fund custody: Hoo
Date of origin: July 27, 2020
Quantitative strategy: spot/future arbitrage
The principle of spot/future arbitrage: refers to a kind of futures contract, when there is a price gap between the futures market and the spot market, so as to make a profit by taking advantage of the price gap between the two markets to buy low and sell high.
In theory, the futures price is the future price of the commodity, and the spot price is the current price of the commodity.
According to the same price theory in economics, the gap between the two, that is, the "basis" (basis = spot price-futures price) should be equal to the holding cost of the commodity.
Once the basis deviates greatly from the holding cost, there is an opportunity for spot/future arbitrage.
Arbitrage varieties: BTC, ETH, EOS, LTC, BNB, XLM, XRP, BCH
Income Record:Since February 1, 2020, the net value of the quantitative arbitrage strategy for this period has increased steadily.
2. Floating High-income Financial products: CTA deposit
Rules:Accepted price: 1 USDT = 1 CTAFY
*CTAFY represents the proof of ownership of the quantitative financial products "CTA deposit".
Time: 10:00 on July 24 - 18:00 on July 26, 2020 (UTC+8)
Accepted coin: USDT (wallet account)
Total subscription: 300,000 USDT
Minimum invest: 100 USDT
Requirement: Complete KYC
Locking period: Starting from July 27, the lock-up period is 90 days and expires on October 25.
CTAFY distribution: It will be distributed within 3 hours after the end of the subscription, and CTAFY will not open the secondary market for trading.
Settlement rules: 1 CTAFY = 1 +（ARR at maturity * 90 / 365）USDT
Estimated income: 30% ARR
(Historical backtest of quantitative model estimated ARR is 30%, but final income will be based on the actual performance. A warning will be given when the net value falls to 0.97, and when the net value falls to 0.95, the financial products will be liquidated.)
Product informationAttribute: quantitative financial products
Support: Principle68 Capital
Fund custody: Hoo
Date of origin: July 27, 2020
Quantitative strategy: Trend tracking
Trend tracking principle: use a large number of different technical indicators to find the current market trend, and make directional investment based on the trend.
The strategy is intraday high frequency, and the position is managed according to the strength of the trend signal. The strategy can be long or short, and both bull and bear markets can be profitable.
Tracking targets: BTC, ETH, EOS, LTC, BNB, XLM, XRP, BCH
Income Record:Since April 30, 2018, the highest net worth of this trend tracking quantification strategy has reached 1.596. From December 31, 2019 to May 31, 2020, the net value of the strategy rose from 1.39 to 1.595, an increase of 14.7%, equivalent to ARR of 29.5%
3. Team IntroductionPRINCIPLE68 CAPITAL is a professional institution specializing in cryptocurrency quantitative trading and ETF index fund compilation.
It has a world-class investment R & D and management team, the team members used to work in Europe's third largest hedge fund and served as partners,
the team members are PhD graduates from prestigious universities in the UK, and have a top team of mathematicians and scientists.
The PRINCIPLE68 CAPITAL team has a wealth of experience in the field of computer quantitative model design, research and development, application and ETF index fund development.
The team specializes in quantitative trading and ETF index funds for more than 20 years, and currently has 40 strategies trading in multiple markets around the world.
PRINCIPLE68 CAPITAL team has close cooperation with domestic and foreign head exchanges, including: Binance, Huobi, OKEx, Bitmex, Upbit and so on.
The company's two flagship quantitative products maintain stable annual returns, with an average annual return of 25% for trend CTA products and 30% for statistical arbitrage strategies, ranking among the top five products in the industry.
The team's strategic style continues the pedigree of Europe's third-largest hedge fund, its risk control system is fully embedded in the trading system, and machine learning is used to optimize the strategy.
4. Risk Alert:1. The quantitative financial product launched in cooperation with Principle68 Capital is different from the previous rules of the Hoo Options project.
The secondary market transaction is not open after the subscription of the quantitative financial product is completed.
2. Floating high-yield financial management CTA Fuyingbao is a non-capital preservation financial product. Due to market fluctuations, investors may lose all interest or even part of the principal, please carefully assess the risk and participate.
3. Spot/Future deposit + CTA deposit are fixed financing products and do not support redemption in advance.
The financial product will automatically expire and settle after the end of the lock-up period, and the settlement amount will be returned to the wallet balance within 3 working days.
4. Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Hoo only provides platform participation. The final interpretation of the project is subject to the PRINCIPLE68 CAPITAL official.
5. The relevant rules of the quantitative financial products are officially formulated by PRINCIPLE68 CAPITAL, and the rules on Hoo.com will be adjusted based on the changes of PRINCIPLE68 CAPITAL official.
Hoo Team
July 23, 2020
