Hillstone Finance Weekly Update (Nov 7 ~ 11)
Welcome to Hillstone’s weekly update. In this report, we will share the details about the new upcoming product — Hillstone HSF Fund 2 — in our token investment platform Hike Pad.
Secondly, we will also share about the WPC event held during this week.
Short summary of this report:
- Hillstone HSF Fund 2
- WPC Event
Hillstone HSF Fund 2
Following the previous product Hillstone HSF Fund 1 uploaded last month, Hillstone HSF Fund 2 will be available for HSF investment starting from Nov 15. Users will be able to invest in the product on our platform Hike Pad.
Similar to the previous product, Hillstone HSF Fund 2 is a combination of six crypto projects, and the net investment return is expected to be 150% at least. The fundraising period for this product is fifteen days, from Nov 15 to Nov 30. The details of those six crypto projects will be kept confidential since it includes pre-listing projects. However, as soon as a project is listed on an exchange, we will disclose the project’s information. The investment period for “Hillstone HSF Fund 2” will be eight months, from Dec 1, 2022 to July 31, 2023.
Hillstone HSF Fund 2 combines staking and fund investment. Users receive investment returns plus the staking interest if the product successfully exits; users only receive staking interest if the product fails to generate profit.
If the net investment return exceeds 150%, users will receive net investment return minus the staking interest. For example, if User A invested 100 USDT, and the investment return turns out to be 200% with staking interest 20 USDT, the user will get 180 USDT (200–20) as a result.
In addition, in case of profit exceeding150%, 70% of Hillstone Fund 2’s total return will belong to investors, and the remaining 30% will belong to the fund operator.
On the other hand, even if Hillstone HSF Fund 2 fails to exit, investors make profit due to the monthly staking interest and the refund of invested HSF. Hillstone will distribute 1.5% staking interest for six months (9% total) in USDT during the eight-month investment period. 150% net return is a necessary target for Hillstone Finance as the fund operator since it has to cover the 9% staking interest paid to its investors.
WPC Event
The second news is about the 1-million-prize poker tournament — WPC Series 5 — held during this week. The players attending this tournament must possess NFT seed tickets issued by Hillstone. The scale of this tournament was about 1 million dollar, which is a huge opportunity for players considering the biggest prize for poker tournament in Asia is approximately 2 million dollars.
Hillstone aims to hold the biggest poker tournament in Asia together with our partner KMGM, expanding the prize scale to 5 million.
That is all for this weekly update.
Thank you for reading and have a nice weekend.
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