How Lootbox invest your cashback?
Lootbox will automatically invest your online shopping cashback for sure but how we do it? To simplify the passive investment and provide more transparent to our user, we’ve decided to invest in cryptocurrency assets on Binance, the detail below.
Invest in HOLD10 — Index fund. Holding the top 10 crypto assets. We are using HODLBOT to rebalance by connecting to Binance via API.
The rebalancing will occur every month or when the stable coin is over 20% of the fund.
Open-ended style fund — Allow cashback to invest by allocate new shares and withdraws by redeeming those shares to us. The price of the fund update realtime but new confirmed cashback and withdraw will be processed at least once a day. The exchange fee trade fee will affect to the whole fund.
We started the fund with my own money $147 USD worth at the price at $1 per share on 17 November 2019.
For the transparency, We provide a read-only API Key to Binance account as below.
More investment options will be considered in the future.
Please stay tuned!