About

Freeway is a centralized crypto platform that’s on a mission to shake up finance and give everyone more. Users can earn up to 43% Annual Rewards in Supercharger simulations denominated in 10 popular crypto and fiat currencies. Freeway is available in over 150 countries worldwide.

History

Freeway was founded in October 2017 under the name 'AuBit'. Initially, AuBit's mission was to create a trading platform where users' assets increased in volume as well as increasing or decreasing in value. This would be achieved by redistributing 80% of platform fees to users demoninated in whatever assets they hold. AuBit repurposed and rebranded to Freeway at the beginning 2021. Freeway's mission is to open up the financial services which were previously only available to accredited investors to everyone. Freeway applies quantitive trading strategies, predominatly in Fx markets, to create revenue which is chooses to redistribute to supercharger holders and institutional clients. They also sublicense this technology. Operating predominantly in Fx markets enables profitable strategies market conditons notwithstanding. Freeway distributes their trading profits to reward supercharger holders with between 20-43% yield. Freeway's strategy is similar to that of the Renaissance's Tech Medallion Fund which has averaged more than 60% a year for over three decades.

Freeway acquired a fully regulated EU brokerage, Ardu Prime, in September 2021. The brokerage has rebranded as AuBit Prime. AuBit Prime is currently only accessible to institutonal cients but will shortly offer crypto and traditional trading services to anyone that has an account after completing KYC. Funds deposited to AuBit Prime will be yield bearing, with yield also being generated by Freeway's quantitive trading strategies and issued as rewards. Freeway maintains that rewards can stop at any time and are contingent on the success of their trading strategies. They also stipulate that once an individual purchases a supercharger simulant, Freeway are not legally obliged to return their original fiat or crypto assets. The funds legally belong to Freeway. Freeway are, however, heavily incentivised to do so.

More recently in March 2022, Freeway won AIBC Asia's Staking Platform of the Year Award, beating competition including Celsius, Nexo and BlockFi.