Unit 1: The Dynamic New Workplace Centralized vs De-centralized Structures.
Bitrue Financial Services Whitepaper V1€¦ · Bitrue Financial Services Centralized Finance...
Transcript of Bitrue Financial Services Whitepaper V1€¦ · Bitrue Financial Services Centralized Finance...
Bitrue Financial Services —— 2020.08
Bitrue Financial Services
2 Years of Achievements by Bitrue
Who is Bitrue?Bitrue is a financial management platform specializing in digital assets. Investments, loans & trades all in one place.
$642
310Registered Users1.62
Community Growth
330%Strong Growth Impressive Traction Broad User Base
543Daily Trading
Volume Growth
YoY
Millions
620%YoY
Total Managed Assets
Millions
Daily Trading Volume
Total Active Traders
Thousands
Millions
As of Jul 30, 2020
Data retrieved 2020.8.15
✴Added BTR Dusting
✴Added BTR lockup investments
✴Launched Bitrue Loans
✴Added SDT, EOS, etc. into Power Piggy
✴Increased Power Piggy yield
✴Power Piggy launch
2019 Jun 2020 Aug
Assets Under Management
$642MCumulative loan amount
$110MInterest
Distributed
$18MInvestors & Borrowers
91,500Avg. Monthly Growth Rate
29.59%
Bitrue: The World’s #1 Exchange In Financial Services
✴BTR launch ✴Power Piggy VIP plan✴$30M
✴$100M
✴$150M ✴$300M
✴$600M
✴$400M
(Earnings & Loans)
Bitrue Financial Services
Bitrue Finance Sees Explosive Growth
Bitrue Asset Management Cumulative Loan Amount
Bitrue Financial Services
Demand For Earning & Lending Is Increasing Dramatically, Up To 800% Yearly Growth
The crypto lending market reached $8 billion in total lifetime loan originations in Q4 2019. The
market size has increased since then and now exceeds $10 billion in total loan origination
Souce: Credmark
Bitrue Financial Services
DeFi Is Now UnstoppableTVL Just Surpassed $5.8B
Source: Duneanalytics.com & DEFI PULSE
Bitrue Financial Services
DeFi Is Currently Too Difficult For Mainstream Adoption People are eager to find a more transparent and frictionless financial system. DeFi gives us opportunities to
imagine an alternative financial solution; however, there are tons of challenges and roadblocks before DeFi
can be fully adopted
The Major Barriers To Achieve DeFi Mass Adoption:
‣ Low interoperability: 70% of digital assets are still not usable within DeFi services
‣ Poor Performance: Blockchains can become congested, leading to slow transaction
times and high fees
‣ Bad User Experience: User interfaces are an afterthought, if they exist at all, which risks
user errors and hampers adoption
‣ High transaction fees: High transaction fees limit the growth of the DeFi industry
Bitrue Financial Services
Centralized Finance (CeFi) Lacks TransparencyCentralized Finance Pros & Cons
‣ Efficiency: Higher liquidity, lower fees, lower risk & higher average yields
‣ Cross-Chain Services: Trading is possible between BTC, ETH, XRP, and any coin regardless of the blockchain it’s built on
‣ Easy-to-use: No need to worry about managing wallets. Services endeavor to make the experience as easy as possible.
CONS‣ Lack of transparency: Users have no visibility over their digital asset and require them to trust the exchange with their funds.
PROS
Everyone has different investment preferences
We All Need to Put Our Crypto Assets to Work
Time Period
Risk Tolerance
Investment Size
Technical Expertise
Bitrue Financial Services
Larger size investment
High risk Tolerance
Different Investors Have Different Requirements
Day- traders
Individual investors
Long-term holders
Smaller size investment
Low risk tolerance
‣ Individual investors find flexible investments convenient as they still allow trades to be made at any time
‣ Institutional investors have the expertise to invest large amounts in underutilized coins
‣ Day-traders are looking for a more flexible and stable platform where liquidity is sufficient
‣ Long-term holders want to accumulating their assets while making sure their assets are secure
Institutional investors
Both the CeFi and DeFi spaces have large amounts of assets
within them, as each of them fulfill different needs
Bitrue Financial Services
The World’s First Hybrid Financial Services
Bitrue Financial Services
It’s Not About Technology
It’s About How To Offer The Best Financial Products For You
CeFi DeFi+
Bitrue Financial Services
Earning (Power Piggy)
Bitrue Loans(Hybrid Model)
Bitrue Credit Card
Bitrue Financial Services
Offers the highest yields for your crypto to generate passive
income on Bitrue
Collateralize your crypto assets to your dedicated public wallet
and borrow instantly
Your own Bitrue VIP Credit Card allows you to make purchases
with your digital assets
Bitrue Financial Services
New Bitrue Loans
Existing Bitrue Loans
Loan Services
XRP EOS BTC …
Loan Services
Bitrue Platform
XRP EOS BTC …
Borrowers Borrowers Lenders
Bitrue PlatformCustodian Wallets(Where Bitrue secures the collateralized coins)
‣ Our new Bitrue Loans will increase the transparency of the service while also maintaining high performance, allowing for cross-chain loans and keeping the user experience smooth
Decentralizing Bitrue Loans: A Hybrid Solution That Could Really Scale
Borrowing Lending Borrowing Lending Lending
Bitrue Financial Services
Enabling Lenders To Fund Bitrue Loans
‣ Traditional loan services involve a user interacting with a centralized service to pledge their coins and receive funds in return. Bitrue Loans will be adding another party to the process - the lender. When the borrower wants to initiate a loan, they will first make a request to the platform, which is then passed on to potential lenders. If a matching lender is found the platform will put the pledged coins from the borrower into the collateral wallet, then transfer funds from the lender to the borrower. When the loan is activated,
‣ 1)Bitrue Loans will pay out the interest to the lender from the
collateral wallet when the borrower fails to pay interest on time‣ 2)Bitrue Loans will sell off the pledged coins when the funds
are insufficient to meet the required LTV, and pay back the funds to the lenders
Lenders
Borrower
Bitrue Financial Services
Offer Customers Greater Control Over Their Collateral
Your Own Wallet - Make Your Digital Assets Viewable In decentralized loans, Bitrue will make publicly viewable the wallets that contain collateralized funds for the borrowers.
The increased transparency will be a step towards giving users as much power over their finances as possible.
Lenders
Borrower
Bitrue Financial Services
Bitrue Loans Roadmap
2021.03 ~ 2021.06
2020.09 ~ 2021.02
2019.10
Bitrue Loans launched
Collateralized funds publicly viewable
Enable lenders, complete the switch from CeFi
to Hybrid model
Bitrue Financial Services
Our Vision for Bitrue’s Earning Product Power Piggy
‣ Bitrue Power Piggy has become a famous investment product in the crypto industry, serving over 90,000 investors, with over $600 M in assets under management.
‣ There are still a lot of coins (including PoS) that aren’t available in Power Piggy yet & there’s great enthusiasm from the Bitrue community whenever there is a vote to add a new coin, including among the extended community members of popular crypto projects. At the same time the recent DeFi boom has also brought the crypto industry new investment opportunities.
‣ Therefore, Bitrue Financial Services is committed to merging crypto CeFi & DeFi, bringing different layers together including wallet, custodian, exchange, investment and loans, to provide a complete suite of financial services, enabling a seamless investment experience.
Bitrue Financial Services
Staking Services
Just hold and earn. Bitrue takes care of the technical side
One-Stop Shop Investment
Aggregate global CeFi & DeFi assets to make your investment simple and easy
More Investment Options
A wide variety of coins and timeframes that suit your needs
Institutional Services
Tailored investment products to fulfill institutional customer’s needs
The Whole New Upgrade for Power PiggyWe are committed to expanding Power Piggy by supporting more assets and offering the highest yields
Bitrue Financial Services
Bitrue Financial Services
Committed to offering diversified financial services while continuously expanding trading features
A complete suite of financial management tools
Spot trading
OTC fiat on/off ramp
Credit card purchases
Perpetual contracts
Margin trades
More fiat on/off ramp
Bitrue Power Piggy (Extended)
Bitrue Credit Cards
Bitrue Loans (Hybrid Model)
Finance
Trading
Bitrue Finance Token (BFT)Payment and reward token of BFS
Bitrue Financial Services
BFT Use Cases
1. Can be received as interest on coins invested in Power Piggy
2. Can be used to pay interest owed on loans
3. Can be used to vote to decide on new coins added to the
Bitrue Financial Services suite
4. Can be used as a yield farming reward to encourage liquidity
contributions to supply and demand within Bitrue loans
Bitrue Financial Services
Bitrue Is Issuing 1 Billion $BFT
Holders % of Total Supply Amount Lock-up
BTR Community 17.5% 175 MIL Progressive Unlock
Team 17.5% 175 MIL 2 Years
Token Sale 15% 150 MIL No lockup
Liquidity Incentives 35% 350 MIL No lockup
Marketing 15% 150 MIL No lockup
Bitrue Financial Services
BTR Holders Will Receive BFT Through Monthly Airdrops
Month of HoldingMonth of
Distribution BFT Generated
per BTR per Month Reward Boost
Sep 2020 Oct 2020 0.00925 5X
Oct 2020 Nov 2020 0.00463 2.5X
Nov 2020 Dec 2020 0.00185 1X
Dec 2020 January 2021 0.00185 1X
… … … …
BFT airdrops will be sent out monthly to BTR holders on Bitrue. The amount received will be boosted in the first two months, and airdrops will then continue with the standard rate until the BTR Community Fund has been expended
Bitrue Financial Services Business Metrics Projection
Bitrue Financial Services
Bitrue Financial Services Projections
Power Piggy Extended
Transparency added for collateralized
coins
Introduce lenders to loans
$642M
$875M
$1000M
2020 Oct
2021 Feb
2020 Aug
$750M
2021 Jun
$110M
$140M
$180M$260M
• Loans Originated
• Assets Under Management
Enabling people worldwide to access fair financial services through innovative technology
Bitrue Financial Services