Fireball Network: Super Net loan Fund based on Investment automation

Those who have played the stock market know the concept of "exponential fund". The so-called "index fund" is to filter out the constituent stocks according to certain criteria, construct a portfolio, and then sell the portfolio to investors after splitting the shares. Because of the existence of the law of large numbers, the risks and benefits of investment "index funds" are relatively predictable, and the investors ' decision-making burden is very low, which is very suitable for small white users.

If the stock market can play this way, any non-standard asset flooded markets can apply the same game, put in the Peer-to-peer Network loan field, we have seen the emergence of the "Fireball program."

The Fireball Project is a Peer-to-peer network loan investment tool launched by the Fireball network. Although it is called "tool", it is actually closer to a "fund". This "fund" transaction structure involves such a few subjects: creditor's rights assignor, fireball platform, investor, third party peer-to-peer.

As shown in the above, the Fireball Basic trading method is "creditor's rights" (temporarily by the founder of the Fireball Network) entrusted "platform" to purchase the "Third-party peer-to-peer" site, packaged into a portfolio, the transfer of debt to investors in the way. As the portfolio changes daily, the Fireball program must settle the user's share once a day. From the user's point of view, you can realize the settlement at any time, the other day, and a piece of money can buy the whole network of hundreds of thousands of peer-to-peer, investment highly dispersed. As far as experience is concerned, the "Fireball program" has a great overturn on the way the net-loan investment was used in the past: In the past, users need to stare at n sites, study n-labels, build and manage many accounts and work on how to make a safe, High-yield portfolio-all of which can now be funded by a class of "funds" Product substitution.

See here you may ask: what is the difference between this and the traditional "fund"?

The difference is the back end.

In the Western market where quantitative investment is developed, a large number of companies make investment decisions through research data. And in the "net loan" this level, compared with the offline market has more Internet data can be captured. The Fireball team has been making a peer-to-peer net-loan search engine and rating system before launching the Fireball program. They do this system originally intended to help users to Peer-to-peer network loan platform and the target to make tracking and screening, but then found that users in the use of this information there is a certain threshold. Pound, simply by "Help user Finance", become "for the user financing."

So the fireball net now actually does two things:

First, based on the search engine, capture the Peer-to-peer sites and investment data, and for all Peer-to-peer platform to do risk rating.

Second, based on risk rating, using a certain selection and combination of models, a large number of sites, labeled as "Fireball Program" and sold to investors.

More fundamentally, "Fireball Network" is to build a web-based portfolio based on online data investment model, and similar to the "Internet fund" in the form of this investment model to share with small white users.

From a business point of view, I think the fireball is an attempt to win or lose a lot.

Positive aspects, "fireball" will be small white users of the Internet financing threshold to the minimum, investment experience is much better than the previous era of artificial work. For the moment, we will say that it is a "net loan investment fund", and if Peer-to-peer industry data sharing further deepen, "fireball" may become a full network of "debt transfer market", so that all peer-to-peer assets can be transferred on their own platform transactions. More trading resources will be released in the future as regulators gradually liberalise asset securitization.

On the negative side, "Fireball" from the original investment aids, into a direct participation in the risk of the game players. This is a new challenge to the Fireball team's ability to control, fund size, and business transparency.

At present, "Fireball" team has been to the domestic internet big Guy's Angel investment (the "big guy" has made Shi-level user products), it is said that another large amount of financing is also coming. Completion of this financing will help the team to replenish capital, and introduce more financial talent.

The three founders of the Fireball were 85, CEO Mengqingbiao had studied in the Early rice field to study machine learning and data-mining. Before leaving the business, was Baidu product manager.