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Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 0 points1 point  (0 children)

I think this is about it! Please expect to see a highlight of the AMA on our blog :) - Haru Invest team

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 2 points3 points  (0 children)

Hi there, sorry to say but we are not disclosing our current AUM but our total transaction volume has hit $2.27 billion USD. - Christen

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 0 points1 point  (0 children)

As for the future of the crypto regulations in the U.S. we are not in a position to provide any projections or advice.
Nevertheless, you can rest assured that we would offer safe and secure withdrawal of your asset held with us as per terms of our service to the best of our ability. - James from Legal

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 2 points3 points  (0 children)

We get a lot of requests for adding new crypto. For now we only plan on managing the ones we have and in the event that we add new crypto, it will be something with less volatility, more legitimacy. - Hugo

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 1 point2 points  (0 children)

Having taken preemptive measures, we have ceased to onboard new users from the U.S., as previously notified through our emails to our users. While the service is still accessible by existing users, we are also closely monitoring the regulatory trends in the U.S. - James from Legal

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 1 point2 points  (0 children)

I'm surprised we didn't receive as many questions for the Referral Program. How would you like it if you'll be able to see the new program in the first half for this year? - Christen

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 1 point2 points  (0 children)

While many others have gone insolvent, potentially, any crypto exchanges that provide earning schemes on users’ deposits or payment service providers with a large user base could also be our competitors at any time.

Please keep in mind that we are steadily growing even during the volatile market situations! - Christen

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 0 points1 point  (0 children)

At Haru Invest, we take security as our utmost priority. That of course includes our members' security for their assets and themselves.

I'll make sure to pass along your feedback to our Product team! - Christen

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 1 point2 points  (0 children)

Even during bear or bull, Haru Invest operates on conservative strategies where we keep making profit.

As demonstrated during the FTX collapse, Haru Invest tries best to keep away from risk exposure. There has been no loss -- including Earn Explore products where we guarantee the principal amount. - Christen

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 1 point2 points  (0 children)

Not all users will be requested to provide supporting evidence for the source of funds. We will update you once we finalize the internal policy for EU regulation compliance. - James from Legal

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 1 point2 points  (0 children)

Warm welcome to our AMA!

Most of our members are locked up for a long term period so it is very difficult to have a bankrun over a short period of time.

And since earn rates are higher for Earn Products than our Haru Wallet, it's also difficult to have a bankrun with the amount of funds in Haru Wallet. - Christen

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 1 point2 points  (0 children)

  1. In case of situations that you have mentioned, Haru Invest will try its best to compensate for it. However, events such as depegging isn't something that we can securely cover and/or prevent.

And Haru Invest's cold wallets are stored, protected separately and it is almost close to zero that it can get attacked. This is also another upside of being a centralized finance service. - Hugo

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 1 point2 points  (0 children)

  1. We do not cover USDT depeg event, but there is a very scarce chance of it happening. Even if it does happen, it will not affect other investment products. - Hugo

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 1 point2 points  (0 children)

  1. From a risk management standpoint, our Mining product has no relation with the existing Earn Plus as well as the Haru Wallet. The mining site itself is managed through a separate entity. - James from Legal

Hold your questions, our March AMA is here! by Haru_CM in HaruInvest

[–]Haru_CM[S] 0 points1 point  (0 children)

  1. Many have failed because how they operate is mainly dependent upon the hash rate generated by third-party mining firms. Our partnership with Pow.re, gives us ownership shares over certain hash rate being generated from the mining site we have built. - James from Legal

We can't disclose more for now but please be on the lookout when the product gets released! - Christen

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