Sky Seal Capital launches Phoenix Lending
Sky Seal Capital has launched Phoenix Lending, a platform that allows users to deposit digital asset and earn interest.
Phoenix Lending has been rolling out its offering in several phases introducing products with different annualised interest rates. The minimum deposit is USD100, and users can terminate the product at any time. Currently, the target currencies are Bitcoin (BTC) and Tether (USDT). The interest payoff date is at the end of every month starting from March.
The management team of Sky Seal Capital employs AI strategy combination module which integrates more than 90 types of diverse technologies, including dynamic management mechanism for cutting-edge strategic combinations. Since 2013, the annual performance growth has been steadily growing at over 30 per cent. In addition, Phoenix provides lending to other exchanges just like BlockFi, the US-based exchange invested by Recruits, and it also carries out digital currency trading between exchanges.
One of the strategic partners of Phoenix is Bincentive, a decentralised asset management service. Bincentive has adopted a quantitative investment strategy for digital asset trading and created a "Smart Trend Follow" in which historical data for all orders and performances are written on the blockchain.
"We aim to minimise operating costs by promoting digitalisation within the company, utilising AI and cutting down the cost of advertising and marketing, so that we can return profits to investors as much as possible. Our goal is to share more profits and expand the market with users in a means of high security," says Michael Yu, the representative of Phoenix Lending and Sky Seal Capital.
"Bincentive meets the needs of conservative and venture capital investors and maximise investor profits. There is a benefit when there is volatility. It is a new option for asset management in the investment market, and it helps to lower the entry levels for global investors to enter," says Dr Chao-Ming Cho, Founder of Bincentive.