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Back in 2015, Juntao made his first purchase of Bitcoin and started doing spot arbitrages across different cryptocurrency exchanges. However, he was taxed a lofty 55 percent capital gain tax in Japan which led him to return to Singapore.
Filled with an unfaltering passion for Bitcoin, Juntao pitched his idea for Hodlnaut to Simon when they were introduced to each other through a mutual friend in 2018. This led to the birth and official launch of Hodlnaut, a crypto-borrowing and lending platform that helps investors improve the return on their assets. Cryptocurrency investors can now earn interest on their crypto and unlock its full value via yield farming instead of only profiting from off-price increments.