Product Overview of Zignaly
Zignaly is a sophisticated social investment platform designed to simplify and streamline cryptocurrency trading for users of all experience levels. Launched in 2018, Zignaly has established itself as a leading automated social trading bot platform in the cryptocurrency market.
Key Features
Copy Trading
Zignaly’s flagship feature is its Copy Trading tool, which allows users to replicate the trading activities of seasoned crypto experts effortlessly. Users can connect their exchange accounts, select a trader based on performance and trading history, and set a maximum balance to invest. The platform then automatically replicates the trader’s moves proportionally, ensuring that the user’s investment results are scaled according to their investment size. This hands-off approach eliminates the need for manual settings adjustments or ongoing management.
Profit-Sharing Model
Unlike traditional copy trading services, Zignaly operates on a profit-sharing model. Users only pay a success fee, which is a percentage of the earnings generated from the copied trades. This model ensures fairness and accessibility, as users do not incur upfront fees or monthly subscriptions.
Advanced Trading Features
Zignaly’s trading platform is equipped with both basic and advanced trading functions. These include:
- Basic Functions: Stop Loss, Take Profit, and Trailing Stop.
- Advanced Functions: Price deviations, Dollar-Cost Averaging (DCA) rebuy strategy, and minimum volume filters. Users can set full trading strategies with concurrent orders using the same exchange balance.
Integration and Accessibility
The platform is cloud-based and accessible 24/7 via desktop devices or major web browsers. Users can manage all their exchange accounts from a single, user-friendly interface. Additionally, Zignaly supports integration with TradingView through Webhook URLs, allowing users to incorporate their chosen indicators into their trading strategies.
ZIG Token and Additional Benefits
Zignaly uses the ZigCoin (ZIG), an ERC-20 token, to power its ecosystem. Holding ZIG tokens offers several benefits, including participation in the Zignaly Vault to earn ZIG rewards, 15% cashback on trading fees, and a 6% discount on Profit Sharing service success fees. The token also plays a crucial role in Zignaly’s NFT-based insurance protocol, providing additional protection against market volatility.
Security and Trust
Zignaly ensures high security standards, with no custody of user funds; instead, funds are kept securely by Binance and protected by their SAFU (Secure Asset Fund for Users). The platform has multiple layers of security to prevent unauthorized access and has a strong track record of security integrity.
Target Audience
Zignaly is designed to be inclusive, catering to all types of traders, from beginners to experienced investors. The platform’s features can be tailored to individual needs, allowing users to choose between wholly automated trades, combining professional strategies with their own, or building and automating their strategies from scratch.
Additional Services
- NFT-Based Insurance Protocol: This innovative feature allows users to insure between 10-100% of their invested funds, providing additional risk management against market volatility.
- Community and Governance: Zignaly fosters a community where expert traders can monetize their skills, generate a reputation, and share success stories. Token holders also have governance roles and access to loyalty programs.
In summary, Zignaly offers a comprehensive and user-friendly platform for cryptocurrency trading, leveraging advanced features, a profit-sharing model, and robust security to make trading accessible and efficient for all users.