Zignaly Link Website
What is Zignaly?
Zignaly’s platform is a central hub that offers value to both expert traders, beginner traders, and the overall crypto exchange. Expert traders are able to monetize their skills and industry knowledge by acting as fund managers, while beginner traders are able to select an expert to grow their portfolio. Ultimately, new investors bring much-needed “new money” into the crypto market, which is essential for the future of the asset class.
Services
Trading Bot
Automate the trading using crypto signals together with your own (or recommended) settings and rules. 46 providers available
Copy Trading
Find top-performing crypto traders and copy automatically all of their trades. When they trade you trade. It's that simple.
Profit Sharing
Invest in top-performing traders under profit sharing model, getting the same results and only paying a percentage of the profits as trading fees.
How Does it Work?
Having an expert trader manage your crypto portfolio on Zignaly is quite similar to employing a traditional fund manager. Users are able to choose expert traders to manage their crypto based on a variety of factors including their track record, strategy, portfolio size, and existing followers. The key distinction here is the middleman organization between users and expert traders. In traditional fund management, there is typically a financial intermediary such as a commercial bank or an investment bank. Zignaly replaces this platform by prompting users to communicate with pro-traders directly, thus allowing for lower fees and increased trading efficiency.
Once users choose an expert trader to manage their portfolio, their work is done. All that’s left to do is track the trader’s performance and make adjustments accordingly.
Security
What Zignaly does to keep your money safe:
The Zignaly Exchange is currently part of the Binance Broker program, a trusted collaborator for crypto brokers across the globe. This means that Zignaly’s users will have their funds covered by their security layer and the SAFU (Secure Finance Fund for Users).
All API keys are RSA encrypted before they are stored in a private database. These keys are encrypted and decrypted using a certificate which is kept in a separate location outside the database.
Zignaly offers 2FA (2-factor authentication), which must be used for all account withdrawals. This acts as an extra security layer to better protect your digital assets.
Zignaly’s Future Plans for an NFT-Based Insurance Protocol Moving into the second half of 2021, NFTs (Non-fungible tokens) are unique assets that can be traded for a predetermined value. Zignaly plans to offer asset insurance plans sold as NFTs in order to further mitigate the risks of trading cryptocurrency for new investors. These insurance tokens will be sold by the same expert traders that a user can select to manage their funds. If an insured user incurs losses greater than the expert trader’s aforementioned drawback percentage in any given month, they are then able to claim the contracted coverage amount. This industry-first insurance NFT solution further appeals to new crypto investors, ultimately satisfying the needs of low-risk investors.
ZIG Token (ZIG)
The ZIG token is designed to be different from other Bitcoin projects as its transaction model is built to offer value to both investors and professional traders.
The token is NFT-based and would be used to pay for fees within the Zignaly protocol. The token governance is an exclusive structure where holders can give feedback, vote on important issues, and get to test beta new features.
Other uses of the token are insurance and risk mitigation, profit-sharing, and loyalty rewards. ZIG coin is tagged as the first-ever NFT-based insurance protocol.
ZIG is listed on AscendEX .
In conclusion, Zignaly’s solutions for lowering the risk of investing in crypto allows for new investors to effectively diversify their portfolios and helps talented traders generate more income.