Dear Hoo users,
This period product will be settled on September 10, users can exercise QXGS tokens based on the settlement price on Hoo Option on the settlement day of time limit.
Exercise time: 12:00 on September 11 to 23:59 on September 13 (UTC+8). Principal and interest are expected to be distributed within 5 business days after the exercise.
Exercise entrance: https://hoo.com/option
Attribute: 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
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.
September 9, 2020