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 Finance Sees Explosive Growth

Bitrue Asset Management Cumulative Loan Amount


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

https://reports.credmark.com/TheCryptoCreditReport-q4-2019.pdf


DeFi Is Now UnstoppableTVL Just Surpassed $5.8B

Source: Duneanalytics.com & DEFI PULSE


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


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


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


The World’s First Hybrid Financial Services


It’s Not About Technology

It’s About How To Offer The Best Financial Products For You

CeFi DeFi+


Earning (Power Piggy)

Bitrue Loans(Hybrid Model)

Bitrue Credit Card


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


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


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


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 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


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.


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



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


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 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


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 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 whitepaper v1€¦ · bitrue financial services centralized finance...

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