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RE: Introducing SBBank: Earn interest on your Steem Dollars with SBD term deposits

in #steem7 years ago (edited)

The idea is very great but I've seen deposit rates up to 40% is that a scam or a not stable deposit rates?

Are you using technological traders (bots)?
If yes how much different?

Are you using human traders?
If yes how much?

Thanks!

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I won't call anything a scam unless I'm 90% certain it is, but I don't think you could pay your investors 40% returns without trading or screwing someone else over.

SBBank does not trade client funds. I do design automated forex systems, but that is a completely separate endeavour. Paying fixed returns with trading would be very dangerous - what if you lost money that year? The industry standard is the high water mark performance fee method.