**What is Metalpha Dual-Earning Investment?**

The **Metalpha Dual-Earning** is a non-principal protected investment product that provides a fixed annualized interest higher than the market average. The price of cryptocurrencies would fluctuate violently for reasons, and we provide a financial instrument to earn more digital assets for our investors in such a high-volatility market. Of course, in good market conditions, investors can not only gain interest coins but also enjoy the high returns of coins themselves.

**How does it work?**🤔

For **BTC-ETH** **Dual-Earning Investment**, the principal invested by investors would be BTC and the settlement currency would be BTC or ETH, depending on the **Final Price of ETH/BTC**. The **Strike Price of ETH/BTC **will be** **determined at the beginning of investing manner, which is a percentage of the **Initial Price of ETH/BTC. **Assuming the Strike Price is 90% of the initial Price:

- If the
**Final Price**is higher than the**Strike****Price**on the settlement date, the investor will receive all the**invested BTC plus the additional interest of the BTC**during the period;

**Otherwise,**the investor will receive the ETH with the quantity of**invested BTC/Strike Price plus ETH interest**as a return, (which is equivalent to the client holding equivalently more ETH at the beginning with a fixed high coupon rate).

As for **ETH-BTC** **Dual-Earning Investment, ETH as the principal** is acceptable, and the settlement process is similar to the BTC-ETH Dual-Earning Investment.** **However, the converting condition will be changed to that** the Final Price should be higher than the Strike Price, **if this is satisfied, investors get BTC with the quantity of ETH*Strike Price with BTC interest, **otherwise**, they gain ETH and ETH interest.

# Example: 📈

Suppose Alex has invested his 100 BTC in **BTC-ETH Dual-Earning Investment **when the product specification is such: BTC @ $40000, ETH @ $4000, with APY @ 10%, matures at 90 days later, and Strike Price = 0.09.

**In a stable market:**

i>If the prices of BTC and ETH are $40,000 and $4,000, we compute the Final Price 0.1 > 0.09, then Alex could get:

- BTC: 100*(1+10%*90/365) = 102.4658

He then got 2.4658 extra BTC in return!

**In a bear market:**

ii>If the price of BTC and ETH plunge to $36,000 and $3,000, we get the Final Price 0.083 < 0.09, the Alex would get:

- ETH: 100/0.09*(1+10%*90/365) = 1138.508

Remember he only had 1000 value equivalent ETH at the beginning of investing period, so he got an extra 138.508 ETH in end!

iii>If the price of BTC and ETH plunge to $30,000 and $3,000, we calculate the Final Price 0.1 > 0.09:

- BTC: 100*(1+10%*90/365) = 102.4658

Alex could get 2.4658 extra BTC in return, which is good compensation for the risk of the downtrend pressure on BTC price.

**In a bull market:**

vi>If the price of BTC and ETH reach $55,000 and $4,400, we compute the Final Price 0.08 < 0.09:

- ETH: 100/0.09*(1+10%*90/365) = 1138.508

He not only gets an extra 1138.508 ETH for free but enjoys the results of a raised $400 value of ETH, which means **BTC-ETH Dual-Earning Investment Reach an APY of 100.5%** in such a market condition**.**

v>If the price of BTC and ETH reach $50,000 and $5,000, with Final Price 0.1 > 0.09:

- BTC: 100*(1+10%*90/365) = 102.4658

He would **enjoy free 2.4658 BTC and the appreciation of the assets** in the bull market.

**Feature: **🏦

- Earn coins in a
**high volatility market**; - Fixed APY computed
**based on BTC and ETH**, rather than USDT; - Earn coins in a limited supplied BTC and deflation-ish ETH situation;
- We provide flexible tenors of Dual-Earning investment for investors to choose from;
- Especially Suitable for main coin holders, crypto believers, and coin miners.

**Term Definition: **📋

**Investment Currency:**Principal Currency, the kind of digital asset an investor would invest.**Settlement Currency**: Redemption Currency, the kind of digital asset an investor would receive.**Term Yield**: Term Yield is the income return on investment for a certain time period. This is calculated by APY*ACT/365.**Annual Percentage Yield (APY):**APY is the rate you can earn on an account over a year and it includes compound interest.**Expiry Date:**Expiry Date is the date when your investment project would be settle**Initial Price:**The beginning ratio of ETH/BTC of a product, none unit (same as follows).**Strike Price:**The fixed ratio of ETH/BTC of a product which is the benchmark ratio we may convert your BTC to eth.**Final Price:**The ending ratio of ETH/BTC of a product, which is a comparable figure to Strike Price, for judging if we trigger converting process.

**FAQs:**🙋

**1. Can I redeem the investment before the expiry date?**

Any kind of early redemption is not allowed before the expiry date. Mind this is a closed-end investment product.

**2. Where can I find the reference price of BTC and ETH?**

A reliable reference where you can find the price of BTC and ETH is www.cfbenchmarks.com. Besides, we will send you a confirmation email to inform you of every detailed specification of the investment product in that period.