During these challenging times

Jubilee Ace, a technology company that maximizes yield and reduces the risk in cryptocurrency and commodities trading through algorithmic trading and arbitrage, has announced a US$80 million stimulus package for its users as its part in helping grow the economy amidst the current uncertainties.
 
This coincides with the company’s first-anniversary celebration. In May 2020, Jubilee Ace will also grant a total of US$1.7 million in cash prizes at its Mega Draw Bonanza, which will be live-streamed to users on its customer portal.
 
The coronavirus pandemic has brought about unprecedented economic decline across the globe, with economists and analysts warning us to brace for the “deepest recession on record.”
 
The US has already reached 20.6 percent real unemployment rate, with at least 33 million individuals filing for unemployment benefits in the year to date. In the UK, the number of individuals applying for welfare benefits has jumped tenfold, with 27 percent of businesses reducing their staffing. The International Labor Organization has said that COVID-19 will wipe out an equivalent of 195 million jobs.
 
The United Nations Conference on Trade and Development estimates that developing countries will face a $2 trillion to $3 trillion financing gap over the next two years to get businesses and industries back on track.
Cooperation will go a long way in keeping the economy afloat
These dire economic figures only point to one thing: It is an opportunity for cooperation among businesses, governments, and individuals in order to reduce the negative impact of business closures, lockdowns, and physical distancing policies across the globe. For governments, fiscal stimulus policies can be one way to nudge a slowing economy toward growth. For businesses, this means those with extra resources should pitch in to help stimulate their economy with additional activity and resources.
 
The US$ 80 million Jubilee Ace stimulus package, dubbed “Oasis 80” will be exclusive to its users and runs from April 28th to May 31st, 2020. “We are in a strong position today due to the faith and trust our clients have bestowed us,” says Tony Jackson, Chief Executive Officer, Jubilee Ace. “Oasis 80 is our way of saying a big ‘thank you’. We have a long tradition of incentivizing, and we will always explore more ways to further reward our beloved followers.”

An industry poised for growth amidst the global impact of the coronavirus pandemic
The company uses algorithmic trading to arbitrage in various markets such as cryptocurrency and commodities. The current volatility is actually beneficial in growing profits through high-frequency arbitrage trading since this provides profitability from price differentials in the markets. The larger the pricing asymmetry and variations, the higher the yields.
 
Fluctuations in the markets have given Jubilee Ace a big advantage, with its core business experiencing steady growth in a time when many other industries are struggling to keep afloat. The decision to share US$80 million in incentives is, therefore, being met with acclaim by its users.
 
“Arbitrage benefits the most when there is high volatility. In this current economic situation, it is the best time to enter this industry,” concludes Jackson. “It is one way to survive or even thrive during an economic crisis.”