Hong-Kong-based Sky Seal Capital announced Saturday, Feb 22, the launch of its latest platform called Phoenix Lending designed to enable users to deposit digital assets while earning interest.
In a press release, the company said it had employed AI strategy combination module, which integrates over 90 types of diverse technologies, to back the latest service. Using the platform, users can deposit at least US$ 100 and may terminate the product at any time at their convenience.
Target currencies for asset deposition have also been identified to be Bitcoin (BTC) and Tether (USDT), with the interest payoff date scheduled at the end of each month.
“We aim to minimize operating costs by promoting digitalization within the company, utilizing 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,” said Michael Yu, representative of Phoenix Lending and Sky Seal Capital, during the launch.
Dr Chao-Ming Cho, Founder of Bincentive, one of the strategic partners of Phoenix, also added:
“Bincentive meets the needs of conservative and venture capital investors and maximize 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.”
The platform service was reported to have been made live from Feb 1 to March 1 in various phases, introducing products of different annualized interest rates.
“Since 2013, the annual performance growth has been steadily growing at over 30%. 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,” the release explained.