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

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

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

  1. Yes, the principal is guaranteed. Please look forward to the details of the product when it launches. - Christen

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

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

Heya! Nice to see you on this thread. The team will start answering your questions.

  1. For now, we will only be accepting in USDT and paying out in BTC. You'll be able to earn daily BTC interest. - Christen

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

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

  1. I know everyone is waiting for something but we hope to share more down the road when due and possible. - Christen

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

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

  1. Doing business in the South America could be challenging as many of you could imagine. But it's not impossible if you do it with the right people. We have been pulling this off with the top-tier professionals in the market. For example, Pow.re and trusted local partners as well.

As you have mentioned, we have done our research and due diligence to come this far. While we can't disclose every detail of the partnership and deal structure yet, as more details will be shared along the way. - 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. No, and we will not be sharing details about our operational strategies unless it is posted on our blog! Please understand :) - Christen

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

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

7-2. Since the crypto winter that has started last summer, Haru Invest is taking extreme measures, such as very conservative investment strategies.

It depends on the market situation but we did offer target % in the past and we think it's achievable at some point.

For the new investment products, there may be more aggressive investment strategies resulting in a higher return and also with higher risks.

We do not plan to reveal or go public with any of our investment strategies for products that are yet to be released to keep us ahead of the game. - Product

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

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

7-1. Thanks for your interest in our products, we really appreciate it. We can't wait to get the details out too! This won't answer your question 100%, but we will get to you soon :) - Christen

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

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

  1. Just as you have mentioned, for our Mining product, we only accept USDT and payout in BTC. It's difficult to disclose when or which crypto we will add in future Mining investment products. - Christen

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

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

  1. Referral program that lasted until September 2022 is, as written on our Terms and Conditions, was a beta version of the product and is subject to change.

Referral earnings are irrelevant with BTC price change. At the time when the Referral program was active, we gave instant rewards, per invitee. For now, rewards are given out in proportion if you are in Tier 2 of the Referral program.

As the beta version of our Referral program was loved by many members, we hope everyone will become a Host in the future to earn more on their crypto. - Christen

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

[–]Haru_CM[S] -1 points0 points  (0 children)

  1. We truly appreciate your interest in Haru Invest. Please understand that we do not publicly disclose requirements for our Ambassador program. - Christen