- What is a Snowball?
Snowball products are fixed-income notes - a wealth management investment product. In most cases, the holding return will increase continuously throughout the tenure, similar to a rolling snowball that grows over time. In other words, if the underlying asset (Ex: BTC or ETH) never falls below the knock-in level (Ex: - 35%), you will be paid a fixed annual interest rate (Ex: 30% APY).
- How to calculate my holding period return?
Your annualized percentage yield (APY) is guaranteed to 30% in the vast majority of cases. (Scenarios 1-3). Holding period return = holding period * APY. (Ex: early redemption will result in the holding period less than the duration.)
Remark: An example of “maturity”: For example, for an initial amount of 100USDT 180-day snowball, you will be paid 100+100*30%*180/360 = 115 in Scenario 3.
- Under what circumstances do I lose?
Only when the BTC falls down below the knock-in level (Ex: - 35%) may it have a loss (Scenarios 4). If the price rises back to the knock-out level, you will still get paid the interest.
- How much loss should I take when Scenario 4 happened?
You will always be paid fixed annual rate unless the underlying asset falls below knock-in level, and your loss will never exceed the loss caused by holding underlying asset directly.
- When will I get my paid?
You will be paid at maturity unless early redemption triggered. Your balance will be available in T+1 day.
- What means of payment are supported?
The dominated currency is USDT. You should transfer INR、spot（BTC, ETH etc) to USDT first. We will support quick purchase in soon.
- Can I cancel my subscription?
Sure. You are allowed to repeal your subscription order before subscription ends. You will be charged of 0.1% fee for cancellation.
- What’s the minimum purchase amount?
- Will there be any other fees I should pay ?
No. You will NOT be asked for any subscription or management fee for the note.
- Where does the yield of Snowball note come from?
Our team members come from global leading derivatives trading desk. We use algorithmic trading and volatility trading based on automated trading platform. The high volatility of the cryptocurrencies provide such considerable yields.
- Can I withdraw or redemption during the tenor?
No. Partial or whole redemption is not allowed during the tenor. You can withdraw when the note terminated.
- What kind of investor is suit for this product?
Snowball note is a suits for those investors who want the fixed coupon income. The investors have high probability to be paid fixed coupon.