Hey guys! Happy to connect today and learn more about the HaruBank project! Can you tell us more about the founding of the project and what the problem is that you were addressing?
Hi, thanks for having us. I’m Hugo, the co-CEO of HaruBank. This project began in August 2019, so we have been in business for a year soon!
Our team began with a simple idea, which is that everyone deserves a chance to enjoy the best crypto investment, no matter how much they own.
We’ve been working closely with crypto asset management firms and were surprised to see their strategies generate stable, yet high profit for their investors. However, it came with high entry barriers and fees, for instance, you had to own a significant amount of seed money for the investment and pay high management fees to these firms.
We decided to make this investment option more available to the public. That’s what the blockchain technology and cryptocurrency are all about: distributing the benefits to the public.
Our mission is thus to provide a stable yet profitable crypto investment for everyone, and not just for a few.
Could you please give us a rundown of the most important things about HaruBank?
Sure, HaruBank is the crypto depository service, and we provide up to 15% APR for Bitcoin, Ether, Tether, and Terra KRT deposits.
Team Haru features a group of professional traders and a competent system trading team. We generate a stable yet high profit based on market inefficiency.
So going forth into 2020 and beyond, how will your project make an impact in the crypto space, or on the world?
That’s a good question. This year means a lot to us. We’d like to shift a paradigm of how crypto depository service works.
HaruBank works with a new business model, and that’s how we keep ourselves competitive in the industry.
While most crypto depository services focus on the lending-deposit model, we are discovering new potential in the asset management business model for crypto investors.
Most players in the industry chose the deposit-lending system as their business model, but in this structure, what borrowers pay the platform decides how much you can earn.
At this point, the industry average for lending rates only stands at less than 6%. With various investment strategies, HaruBank turns market volatility into profit. That’s how we make an impact in the crypto industry.