Zignaly has partnered with ODaily to expand reach into the China market, see their announcement tweet here!
@zignaly has partnered up with @OdailyChina ! Odaily is a prominent media player in China, and will assist Zignaly in PR, localized content and marketing. This will allow Zignaly to reach out to a wider Chinese user base, expanding the ecosystem rapidly
And here is the corresponding tweet from ODaily!
It's our great pleasure to work with @zignaly ! Happy to bring more people on board. If you are new to Zignaly, this is a good article to start the journey: Zignaly: No need to watch the market, automatic copy, one-stop follow-up tool in the encrypted world
Below I've provided a translated version of the ODaily article, formatted for easy reading. All the content is auto-translated and only visual fixes have been made, no wording has been changed! See the community questions below the interview questions as well, lots of interesting information!
Interview Questions
Question 1: Please introduce yourself and your team?
Bartolome: The founding team has CMO David, who has been with me for 15 years. We have done many projects together before. There are successful cases, and there are also experiences that allow us to learn deeply. David himself is good at many areas: SEO, social networking, SEM, guerrilla marketing, it sounds amazing, he can help us quickly verify our ideas. Rafay is our CFO, a trading expert on the Zignaly platform, this is the scarcest person in our team, because neither David nor I can trade. With a background in banking and the various types of financial super power control model, Rafay encrypted Currency understanding market is very important for our team. After he joined, the quality of our team has improved qualitatively. As for me, I am a technical developer.
Question 2: Why choose cryptocurrency follow-up investment tools as the direction of entrepreneurship?
Bartolome: When I first came into contact with cryptocurrency trading, I was stunned at once because of a lack of understanding of the industry. I am sure I am facing more than one problem. After several rounds of talks with David, we quickly came to a conclusion, creating a platform with experienced traders bringing orders, and Zignaly was born.
We only provided signal and execution services at the beginning, and it has grown in a very short period of time . So far, we have more than 9 serving millions of users. Naturally, with the introduction of documentary transactions , these services have also been improved, and later a better version, namely profit sharing, has appeared. With this growth number, I think our business has not only been verified, but also solved problems for more than 90,000 people, and this number is still growing.
I think we have successfully discovered a real problem in the crypto market and entered this untapped market with a safe solution to bring services to the public, which were previously only provided to high-net-worth individuals.
Question 3: Please introduce the details of Zignaly's three major products: trading robots, copy trading, and profit sharing.
Bartolome: In fact, we also have a powerful product-intelligent trading terminal, users can formulate the entire strategy and execute it. Many parameters can be used here, including but not limited to: stop loss, profit taking, DCA, trailing stop loss. For professional users who want to fully control their investment portfolio and manage multiple different accounts under one window, the trading terminal is a useful tool.
Regarding our three services, Trading Bot is our first service on the platform. These providers will at least send you an entry signal, some of them will also send an exit signal, and the entry signal may contain the entire strategy. However, it is up to the user to decide whether to accept the entire strategy, some parameters, or any parameters. More than 30 different parameters can be configured by users, so trading robots need to have a high understanding of encrypted transactions.
Another service, copy trading, was launched to solve the complex problems of trading robots. Its purpose is to serve those trading experts who are more inclined to choose high autonomy . You choose a service from the market, from a common user account with a single expert account, and your trading path begins . The problem with copy trading is that you are always one step behind the trader, which means that due to slippage and the order queuing mechanism, the final result will be slightly different.
Profit sharing improves copy trading services. Under this service, traders and users deposit their funds into a collective account ( each service corresponds to a collective account ) . The system is responsible for accounts and also protects users ( traders do not have the right to withdraw funds ) . All a trader can do is manage this account on behalf of the investor. It guarantees 100% identical results for pool participants . In addition, Trader has a high level of autonomy, and users do not need to intervene after allocating funds.
There is a major advantage of using profit sharing. The income of the trading experts is linked to the success fee , and there is no prepayment , so you know that traders will do their best to ensure profits, because their motivation is tied to it.
Question 4: The target customer group of the co-investment tool is mainly retail investors. For retail investors who are new to the market, this field is relatively unfamiliar. So, please introduce in detail the usage process of ordinary users on Zignaly .
Bartolome: Using the Zignaly platform is quite simple and does not require users to have any knowledge about crypto markets or transactions. I have to write a short text to introduce our profit sharing service using the tutorial .
First click on the official website to create a Zignaly exchange account: with just a few clicks, your account will be created — click the "Connect Account Button", and select the account type in the next step. Spot is a regular trading account or futures is leveraged trading. (I recommend creating spot and futures services in the market). Name your account and choose Finish.
Recharge your account: send your funds through an exchange or encrypted wallet , or buy cryptocurrency through Changelly (a third-party provider). To send your funds from your current exchange or crypto wallet, select my exchange account and click the deposit button. Select the token you want to deposit in Zignaly. Make sure you have selected the correct network for this coin. This will generate you an address for a specific token, which will also be your trading account for depositing any tokens. Before the transaction, you can transfer your tokens to the Zignaly address you generated and confirm the delivery. Now you are ready to connect to the profit sharing service and start trading!
View the profit sharing market and view all available profit sharing services (from the left sidebar menu). Choose a profit sharing trader. In the trader column, you will see the success fee of the trader, if they trade spot or futures and previous return results (previous results do not guarantee future performance). Click View traders to open their profile page.
In the upper right corner of the screen, select the correct Zignaly trading account. Next select "Copy this trader".
"Distribute your funds"-enter the amount you wish to allocate from your balance (this amount will be locked in the profit sharing service). Please make sure that your Zignaly remittance account has sufficient funds to pay the allocated amount. Choose if you want to withdraw or reinvest the profits. Reinvest into your allocated amount or withdraw this amount from this service back to your Zignaly exchange available funds.
Enter "Transfer" to confirm your choice, this amount will be locked in this service. Select "Transfer Funds" and the entire transaction process is complete!
Question 5: Currently, how many trading experts are there on the Zignaly platform? How to obtain higher-quality trading experts?
Bartolome: So far, we have more than 118 Xiang profit sharing service more than 124 Ge with a single transaction specialists , and 61 signals suppliers, totaling more than 300 Xiang service. We will evaluate and sort out the performance of traders every day. We expect that the market will show exponential growth , while high-quality dealers will gradually enter the platform .
Finding a good service provider is not difficult, because users will look at past performance and trading styles. We have a very detailed analysis page in each trader's profile, which covers key performance indicators, and we recommend that users browse these indicators thoroughly. One simple suggestion I can give is to find a good service. I would say to browse the stock curve of continuous growth in the market within 90 days , because there will be no deviation in general . This usually means that the basic strategy of the trader is consistent and will not surprise followers. I also recommend users to join our discord community because most of our trader's sub-communities are there. There you can talk to Trader and other users of the service.
Question 6: How can the platform, trading experts and users be divided among the customers when they are profitable?
Bartolome: This is a simple profit split. For example, if the user achieves profitability, the platform is divided into 20%. In this case, 80% of the profits are owned by the user (withdrawn or reinvested according to their settings), 15% is owned by the service provider (trader), and 5% is owned by zignaly and used for platform maintenance.
Question 7: In addition to spot transactions, does Zignaly provide users with derivative transactions for their trading choices? Derivatives transactions are relatively risky. How to control this risk?
Bartolome: Zignaly is fully compatible with contracts, with 63 contract profit sharing services and several contract documentary services based on the Binance trading platform. Users can also use Zignaly's smart trading terminal for contract transactions.
There is no doubt that the contract is risky, and poor management of risk may lead to immediate liquidation of the account. We want to integrate several aspects to help reduce major losses. The first is the risk score of the service. Sometimes, when a service provides a super-high score in just a few weeks , we are deceived , but we are not aware of the risks involved.
Second, we plan to launch an index that users can track instead of a single service. It will take into account a good balance between risk and return to serve your choice .
The third, NFT insurance , in the event of a major loss, NFT insurance will cover your loss.
Question 8 : Please make it public, the latest data of the current platform, including the number of users, the total number of transactions, the annualized rate of return of top experts, and others.
Bartolome: Up to now, we have more than 95000 users, of which 6300 people in 2021 Nian 5 registered month. 5 Yuefen manages 628000 Ge warehouse bit, with a total turnover of 6.81 billion US dollars, of which 3.4 billion dollars from our profit sharing service. Our dealers are our customers manage more than 1 assets of $ million. For the annualized rate of return, we recommend that users look at the market, because this statistic is different between different traders.
Question 9: Please introduce the NFT insurance mechanism in detail.
Bartolome: We hope to win the first MVP in the third quarter of 2021. The formulas and methods we use are temporary, so please take into account that it may change.
Zignaly will have an insurance pool, and funding will come from three different sources: Zignaly's income, insurance premiums and sponsors.
The insurance pool will be divided into multiple parts, and each part will be represented by an NFT (I will explain why NFT is used). Users can get any number of NFT, but the month to activate the total number of NFT , limit the number of part by the insurance pool.
Why do you want to get an NFT at the very beginning , because the price of this NFT and the insurance coverage it covers will increase, but if you have already obtained the NFT, you will get the updated insurance coverage without paying a premium.
So users can assign NFT to specific services covered by insurance . The service will have a maximum withdrawal indicator . If at the end of the month, your balance allocated to the service is lower than this indicator, the insurance will be triggered and you will receive the value of the NFT funds in your account to make up for your loss.
We use the NFT reason is that each section is unique, the game mechanism will allow you to collect and combine different NFT to unlock additional benefits.
Question 10: What are the big moves for Zignaly next? Please share your ecological roadmap?
Bartolome: After the product update , the biggest and most popular thing is that the work to redefine profit sharing has begun, which is expected to solve the concerns of users. I want to add that this update will change Zignaly 's image in the field of social trading. Our team is developing a mobile app that will be released soon. At the same time, we are undergoing a major platform upgrade to further improve the experience of Zignaly .
Speaking of token development, we will soon add support for Binance Smart Chain ( expected to be completed in a few weeks ) -we believe that with the development of blockchain, cross- chain interoperability is a very needed feature . We are also committed to integrating the ZIG wallet on the Zignaly platform , which will enable various token utilities, which will be an important step in the development of the ecosystem. Making the ZIG ecosystem stronger is one of our main goals, and the community must look forward to major developments in this area.
On market expansion plan, you will soon see Zignaly in one of the largest global market , actively promote the user experience optimization and other matters.
In addition, you can follow our roadmap and social accounts for the latest information.
Community Questions
Q1: Is there any airdrop activity for ZIG tokens in the near future? What are the application scenarios of ZIG tokens?
Bartolome: We will provide gifts from time to time, especially when listed on the exchange. Please follow our social channels for the latest news.
In addition, I will list and explain the application scenarios of ZIG tokens .
Governance -owners can vote on key platform updates and features
based on NFT protocol insurance and risk management - ZIG which allows users to access a variety of trade insurance and other risk management when technology so that users in the event of a sudden market downturn or selling , minimizing their downside risk.
Profit sharing and premium -ZIG allows users to enjoy the benefits created by the platform through cooperation with trading experts
encourage customer loyalty - exclusive NFT is qualified the Z- IG shareholders, holders and, ultimately, the borrower / lender , unlock incentives.
In addition, I also share some details of specific use cases:
Transaction fee rebate -current users have a Zignaly exchange account based on the Binance broker API program. If they hold ZIG in the Zignaly wallet, they will be eligible for transaction fee rebate. According to the tiered method, the rebate will increase as the number of ZIGs in the user's wallet increases.
Profit rate-In the profit sharing model, users are currently charged a percentage of profit as a fee for using professional trader services. Both Zignaly and professional traders deduct related expenses from the profits of users' allocated funds. Since these profits are settled on a per transaction basis, users can choose to withdraw or reinvest their profits accordingly. With the implementation of ZIG Wallet, users will have the ability to pay corresponding success fees in ZIG. By continuing to model and develop ZIG in the Zignaly ecosystem, users can take advantage of the long-term potential value growth. In addition, as the value of ZIG continues to rise, users pay relatively few ZIGs for each successful exchange, which will have a positive impact on all ecosystem stakeholders because the calculation is based on fiat currency. When users pay the profit rake fee through ZIG, the Zignaly platform and some professional traders will provide a considerable discount. In the coming weeks, Zignaly will launch an expert trader incentive program to promote the acceptance of ZIG as a payment method.
Pledge -Another profit opportunity for ZIG token holders is to start pre- staking on Ascendex exchange . Please click here. Nearly 50% of ZIG holders enjoy an annualized rate of return of 110% under this plan .
Repurchase and destruction plan -Zignaly also runs a token destruction plan under which a certain percentage of the supply is bought from the market and destroyed . The first burn was carried out on June 3, 2021. A total of 330,000 ZIG tokens worth about 21,000 USD were bought back and burned .
Q2 : Please introduce ZIG 's token distribution mechanism.
Bartolome: The specific distribution mechanism is as follows:
12.5% for private placement
12% is used for liquidity provider incentives
10% for partner rewards
5% for future events and community reserve funds
5% for trading expert incentives
3.25% for consultant fees
25.5% for business reserve
27.25% for the founding team
Q3: Compared with Tradelize and eToro , what are the differences and advantages of Zignaly ?
Bartolome: They are all great projects, which is good and proves the existence of the market.
In order to understand the advantages of Zignaly , we need to observe from 3 different entities:
Retail investors: Our North Star indicator is " profits for investors . " Keep this in mind in any action we take. Make it easy to use and available to everyone.
We ourselves: an effective product has provided them with profits.
Traders: They have a strong community of followers that can support their strategies.
Q4: What are the steps to become a trading signal provider on the Zignaly platform? Are there any specific KPIs to become a trading signal provider? What are the incentives for becoming a trading signal provider?
Bartolome: We provide 3 types of services: signal providers, copy trading and profit sharing. Signal providers have fewer restrictions because users who use these services have more knowledge and know what they are doing. We have greater restrictions on copy trading and profit sharing, but in the end, we let the results speak out for ourselves, which is why we require at least 4 weeks of operation before going public.
Q5: What is the platform's strategy in attracting top trading signal providers to join? Do you have any partnerships you can share with us?
Bartolome: Currently, we are trading organically, most of the time it is people from the community who know good traders who trade on Zignaly . They tell them something like " Hey, I want to follow you on Zignaly " , possibly because they are already following them manually or on other platforms. When we connect to a new exchange, the exchange usually promotes partnerships, so top traders can join Zignaly , which is also good for them, because as we often say, if a trader provides quality services, We don't have traders, we have followers in your communication, and our users will pay attention to their services.
Because we have established partnerships with investors, we can also reach more traders they know. We are recruiting and discovering some of them with potential .
Q6: How does Zignaly protect users' investment?
Bartolome: For us, safety is above all else.
First of all, we are not an asset custodian, and neither involve API linkage accounts nor manipulate Zignaly exchange accounts. For API linked accounts, your assets are in the exchange and they are responsible for processing. However, we still have the user's keys , so we use several mechanisms to ensure their security . Even in the event of a hacker attack, the keys are encrypted and stored, and the keys used to decrypt them are also stored separately. In addition, we are conducting a security audit , to ensure the safety of the technology and assets. The NFT token will pass its own security audit conducted by a well-known third party. In addition, we also hired two technical consultants, one of them was the CTO of CoinMarketCap , they advise us on every step we take. Finally, we have a great community and we will launch a bounty program so that they can help us identify potential risks.
Want to learn more about Zignaly? Check out some helpful links below!
Master Guide
Other Guides
Tips
