Fireball NET allows users to invest a dollar on hundreds of thousands of claims on the platform

We can allow users to invest a dollar on hundreds of thousands of claims on the platform, the first thing he said when talking to the founder of the Mengqingbiao net. He refers to the new Fireball Network launched the Fireball Program "function." The Fireball program "currently offers almost all of the claims from Peer-to-peer platforms." The platform by a natural person from these different peer-to-peer platform to choose different investment projects to invest, so that there are multiple claims. These claims were put into a bundle to form a portfolio of claims to be sold on the Fireball Web. In this way, the natural person becomes the creditor, the fireball net becomes the creditor's rights information docking platform, the user buys the debt combination package to carry on the investment finance. Because the portfolio of individual debt items due to the expiration or new increase, and other reasons, the debt portfolio package of specific projects and investment rate of return is actually changing every day, so, the fireball online claims income is daily settlement. Users can redeem their investment funds at any time, 24 hours a day. This redemption process, in fact, is the investment user through the Fireball network from the creditor to obtain their own investment funds and returns, the creditor's rights back to the transfer of debt, new investment users can come in. If the user does not choose to redeem the investment funds, then the investment funds will automatically continue to devote to the new day's debt portfolio. The above is Mengqingbiao said, let the user a piece of money to invest hundreds of thousands of platforms on the debt "of the implementation process." The advantage of this is that the investment risk is spread to different platforms and different projects to reduce the risk of investment to a greater extent. Diversification investment "I am afraid that the process of investment in finance, people most often heard a word." But for individual investors, there are still plenty of places to challenge their expertise and energy. For example, investment in the process of selection issues, which platform to vote, select which projects to combine? How many projects can you choose to generate positive returns? To cast so many projects and even platforms, management to come over? Moreover, there is a question of feasibility. For example, the Peer-to-peer platform, most of the Peer-to-peer platform has the investment requirements, some requirements 50, some requirements 1000, etc., the standard varies. For users to invest directly in these platforms, the more fragmented the investment platform, the more investment money may be needed. For example, only 100 dollars of money, want to do decentralized investment, almost impossible to achieve. The Fireball Program "investment, in effect is to help users with the lowest funding threshold to achieve a one-time diversification of investment." And it's multiple projects that invest in multiple platforms. The problem of choice is given to the platform. The Fireball network makes this choice in fact based on two basic systems: financial search, filtering model and combinatorial model. The first time I saw the fireball net this product, its initial form is actually a financial search tool, and at that time is also specifically for Peer-to-peer platform products to do search and evaluation. The Fireball network is now based on a system that finds different peer-to-peer platforms and projects and obtains their data, then evaluates these platforms and projects with its own risk assessment model, then chooses, buys, and then puts into the portfolio of the Fireball programOf。 In the combination process, will also be in accordance with the project deadline, the amount of the combination. The function of the two models is to improve the income of the portfolio and reduce the risk of the whole. This risk is more for the platform, and precisely for the creditor, because the user's investment risk has largely been in the portfolio of internal hedging. Because the choice or combination of improper to the creditor's rights assignor may cause the risk is, for example, some of the creditor's rights in the platform to run away, closed, the creditor's rights to the transfer of the corresponding investment losses. Such losses reach a certain value, if the creditor's financial capacity is exceeded, that is, the creditor's rights are facing the risk. Therefore, he in the choice of time, in fact, also need to do a number of choices, dispersion, hedging risk. Other risks, such as a relatively concentrated period of time in the portfolio, may be faced with a centralized demand for redemption. In this way, the pressure of the capital chain is also larger. Therefore, the financial search, screening model and combination model is actually the main supporting force of the model of the fire net. At this stage, the Fireball program sets an investment limit of 1000 yuan to the investment user in order to balance the amount of money that the user buys the debt with the combination of the existing portfolio package. Mengqingbiao introduced that the limit would be adjusted or even canceled as the number of items in the portfolio increased. In the profit model, the current Fireball network does not charge users and peer-to-peer platform fees, but only in the user to present a fee of 2 yuan to reflect the fees. Currently, the Fireball Network has been invested by angels. The three co-founder of the Fireball Network is 85. Mengqingbiao to the University of Waseda, Japan after finishing machine learning, data mining direction of graduate students, returned to enter an Internet company, the company was later acquired. He then went into Baidu as product manager. After leaving Baidu, Mengqingbiao found his middle school classmates and colleagues, three people together to start a business. After receiving his Ph. D. In the United States, his classmates went to the U.N. internship and joined the founding team of Mengqingbiao after returning home. The other is Mengqingbiao's former colleague, majoring in computer science at Beihang.