Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Zignaly and our guest was @tolebrb – CEO and one of the co-founders of Zignaly. The AMA took place on 14 April.
The total reward pool was 500$ and has been split into 3 parts.
In this AMA Recap, we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Website
D. | Satoshi Club:
Hello everyone! we are starting our AMA session with Zignaly!
D. | Satoshi Club:
Today our guest – @tolebrb !
Tole (I don’t DM first):
Hello guys! Thanks for having me here today.
Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Zignaly!
Welcome to Satoshi Club😀
D. | Satoshi Club:
Welcome to our club! nice to have you here😊
D. | Satoshi Club:
So let’s start our AMA!
Tole (I don’t DM
first):
😁
💪
Mary | Satoshi Club:
Tole, could you please introduce yourself and tell us more about Zignaly?😀
Tole (I don’t DM first):
Sure, happy to do that.
I’m Bart, CEO and one of the co-founders of Zignaly, but also have the other co-funders David (CMO) and Rafay (CFO). Zignaly is a social investment platform where people without any knowledge about trading or even crypto can participate. We have been focused on making the service as easy to use as possible. There are four main services, the most interesting one is our profit sharing marketplace, which was launched in November 2020, and already has more than USD5mn connected to 60+ expert traders.
D. | Satoshi Club:
That’s cool! so your platform is a perfect starting point for newbies in trading and crypto?
Mary | Satoshi Club:
This is very timely and attractive for both beginners and experienced traders👍
Tole (I don’t DM first):
Or even investments.
D. | Satoshi Club:
Awesome! 👍
Mary | Satoshi Club:
When did you get idea to create Zignaly?
😀
Tole (I don’t DM first):
Back in 2018, i was playing with an algo-bot, but you know, I know nothing about trading 🙂
So I started to follow signal’s group, and couldn’t believe that I had to manually, get those signals and transform them in orders in the exchange, so we created an integration with Binance, we put some easy UI, and in less than a month we were moving more than $1M in volume trade
Now it looks nothing that million, but back then was amazing, it was just an alpha version 🙂
Mary | Satoshi Club:
Wow, this makes sense! I really want to try something like this!
Is your team big?
Tole (I don’t DM
first):
back them it was just David and me, but from then we have grown, right now we
are more than 16 people, and the product is not a “signals
distributor” anymore, now we have real traders taking care of your
investment
Mary | Satoshi Club:
Big team! You can do much more now😀
Tole (I don’t DM
first):
absolutely and more are coming 😁
Mary | Satoshi Club:
Thank you for your intro! Ready to go to the questions from our community?😀
Tole (I don’t DM first):
Yeah, I’m excited about those questions.
Q1 from Telegram user @lukacy
Yesterday, you announced that $ZIG will be listed on AscendEX. You also said you would be launching a ZIG pre-staking program. For how long will the staking program run? And how much will be the reward?
D. | Satoshi Club:
Congrats on listing 👏
Tole (I don’t DM
first):
The response from the community was huge, I’m speechless about it 🙂
Thanks!
D. | Satoshi Club:
AscendEX very nice exchange 👌
Tole (I don’t DM
first):
The pre-staking program on AscendEX will run for 2 months and it will offer an
estimated APR of 150%. Before the end of this program, Zignaly will launch its
own liquidity program that will potentially offer even higher APR. 12% of our
supply is dedicated towards these initiatives.
Yeah, they know what they do, we are really happy to be with them.
Mary | Satoshi Club:
Is this your first exchange?
Tole (I don’t DM first):
Yes, is the primary listing.
Mary | Satoshi Club:
Congratulations! Big day tomorrow!
D. | Satoshi Club:
How many of your tokens are you planning to distribute through this year? through staking, liquidity mining and other programs.
Tole (I don’t DM
first):
12% of the total supply is the dedicated to this activity, we also have some
allocation for incentive the community. Most of it will be during the first
year, but we want to leave some for coming years too.
D. | Satoshi Club:
👌 got it! thank you for answers! ready for
the next question?
Mary | Satoshi Club:
Nice incentives! Early users will be rewarded 👍
Tole (I don’t DM first):
Sure, next question.
Q2 from Telegram user @MihaiPisica
Hi there 🙂
I like the design of your site, nice work! What I want to ask here – navigating on it, my attention came to a segment about “Use signals to trade automatically”. As I understood, this crypto trading bot is designed to trade automatically even while you sleep. Can we know which are the possibilities and the limits of this bot? What are the maximum features we can set to it? For that, is there a premium package or we can use it freely? Btw, is there guidance on how to set the most appropriate signals related to everyone’s personal trade strategy?
Tole (I don’t DM
first):
You are too kind @MihaiPisica 🙂 We need to work a lot in the website and
improve some UX/UI stuffs from the app.
In fact, the main page doesn’t speak much about our main service, profit-sharing, where a person take care of your assets, they may do it through algo-bots or manually, but at the end there is always a person watching the positions.
If you are interested in signals, then it need a higher grade of customization, most of the services offer guidance, but is up to you to follow them or customize them. Regarding the price, each service has its own price, monthly, which goes directly to the trader.
With profit-sharing, you don’t need any up-front payment. It works with success-fee and is only paid when the new balance is above the last high-water mark.
Mary | Satoshi Club:
Can you tell which services are the most expensive? And why?
D. | Satoshi Club:
And what benefits of $ZIG holders? will they be able to use some of your services for free?
Tole (I don’t DM
first):
In the marketplace we have an option for sorting by price:
What there is behind the price is up to the trader. We don’t charge there anything, or take any commission from there.
Mary | Satoshi Club:
Gotcha 👍
Tole (I don’t DM
first):
We may partner with some services’ providers to offer discounts with the use of
ZIG, but for profit-sharing, where we get a commission (5% from the profits
generated above the high-water mark), there will be benefits for holders 🙂
D. | Satoshi Club:
Got it 😉 thank you for answer! ready move onto the next question?
Tole (I don’t DM first):
Ready.
Q3 from Telegram user @Brainchest
I like your platform and the fact that it is the only platform that gives me the opportunity to trade from several exchanges for free, to use signals for trading. But with the launch of your token, I am afraid that you will move to a paid use option like the Kryll project. Tell me if you have plans to make the platform paid and will there be a free option?
Tole (I don’t DM first):
Glad you like it!
No, we get our revenue from profit-sharing service, each time there is a profit to share, we get 5% from it. In the long term is more interesting for everybody.
Trading, signals’ providers, or even copy-trading, don’t have any direct payment to Zignaly (you still have to pay the exchange trading fees and those services’ fee). This model allows to identify pro traders and services that sometimes convert to profit-sharing.
Mary | Satoshi Club:
Which requirements do you have to traders who are pro?😉
How you recognize them?
Tole (I don’t DM
first):
Results 😁 We have a very transparent system, that
shows results are they are, no make up.
Mary | Satoshi Club:
Gotcha! Thank you for your answers! Are you ready for the next question?
Tole (I don’t DM first):
Yes, let’s go!
Q4 from Telegram user @neverencryp
I read about your profit sharing techniques and what stills baffles me is the aspect of who drops the capital because basically it seems that the profit are divided between an investor and the trader. I will like to know if anyone can take part in the profit sharing techniques and are there any backlash when loss occurs.
Tole (I don’t DM
first):
Profit-sharing is our main service, just launched 5 months ago and already
generated more than $1M in profits for its followers.
It works with pooled accounts, each service has his own exclusive pooled account, and all the followers contribute to it with their allocation. The system keeps track of who put how much.
The traders only have trading access to these accounts. Nobody can withdraw from there, so you are protected against this (not about a bad trading execution).
Results from these services are shared with the followers, profit-sharing is the only service that can guarantee 100% identical results for everybody (not like copy-trading that you are always a step behind the trader), the only difference between followers is the resulting amount, which will be proportional to your contribution.
Anyone, can participate on profit-sharing 🙂
Mary | Satoshi Club:
If trading result is negative do users share losses?😀
D. | Satoshi Club:
Would you call it a high-risk investment? what if trader will lost all money form the pool? is it possible?
Tole (I don’t DM first):
Exactly.
Result, whatever it’s is shared between followers.
When I said $1M generated in profits, I mean profits – losses
What we have found important is to diversify between several different services.
Yes, it happened to me, there was a liquidation and I lost around $500.
That was on Feb (I write a monthly post in zignaly blog with my results).
That most I ended in profits, even with the liquidation, because I was diversifying.
Mary | Satoshi Club:
It happens sometimes 😀
Tole (I don’t DM
first):
yes, we are working on a Risk metric, because sometimes, even with 4 weeks
collecting data, you get services in the marketplace with more than 5,000% in
positive return
I can’t help myself when I see that 🙂
But you have to understand that such return, means huge risk
Mary | Satoshi Club:
That’s true!
This will ve awesome! Thank you for your answers! Ready to jump to the next question?
Tole (I don’t DM first):
Sure
Q5 from Telegram User @Winner_don
In your roadmap, You talked about adding the option for NFT Gamification Integration. Does that mean NFT will be tradable on zignaly in the future? Zignaly insurance protocol is based on NFT and presently, the NFT are created by zignaly. Will the NFT gamification Integration allow the creation and trading of NFT for insurance by the community? What will be the benefits of the NFT Gamification Integration?
Tole (I don’t DM
first):
The idea of the gamification is a little bit different. The NFT main usage is
to control even more the risk. But the gamification will allow you to unlock
extra benefits. Each NFT will be unique, and combining NFTs will unlock those benefits.
A simple example, but will show the intention. Let’s say that we give colors to
the NFTs, and we say, if you collect 5 green NFTs, you will receive a discount
in the success fee of 2%.
These are the kind of gamification we are talking about. This may create a secondary market, which could be fun.
And colors is just an example, there will enough characteristics for making them unique.
One idea just come to my mind, maybe we could include some digital art on them 😂
D. | Satoshi Club:
How will be possible to obtain your NFTs?
Mary | Satoshi Club:
NFTs are our passion 😍
Tole (I don’t DM
first):
ZIG is the bridge to obtain them, then one they start to be out, there my be a
secondary market. If create a collection item, people will be interesting in
looking certain NFTs with certain characteristics for completing combos.
Mary | Satoshi Club:
Of course! It’s popular features!
D. | Satoshi Club:
Yeah, i think it would be cool 🙌
Thank you for answers! let’s proceed to the last question from part 1?
Tole (I don’t DM first):
We are super excited about this part
Sure, let’s go with the next one
Q6 from Telegram user @Manzanog
You recommend that we invest in high performance traders under the profit sharing model, but will Zignaly really not only provide strategies for traders? Or will they also provide high-yield farms?
Tole (I don’t DM
first):
No financial recommendation/advice 🙂
I like more profit-sharing, because it allows me to forget about my investment. I know somebody is taking care of it. And I try to balance high-performance traders with those who control their risk and that communicate with their audience. I think trust is almost as important as results.
Right now we are focused on trading, but we are creating a social investment platform. We expect to have different investment opportunities in the futures.
Tole (I don’t DM first):
Lets go…
Mary | Satoshi Club:
Do you plan to partner with some investment funds, for example?
And after your answer we will go!
Tole (I don’t DM first):
Is something that we’ll look into it
Mary | Satoshi Club:
👍👍👍
Tole (I don’t DM first):
Any investment option has a place on Zignaly
Mary | Satoshi Club:
Fantastic! We follow your updates 🚀
Part 2 — live questions from the Telegram community
Q1 from Telegram user @Johana0012
Currently in trading there are too many risks for me to be able to trust a trading expert to manage my assets. Will Zignaly launch a new way of looking at risk in cryptocurrency trading and investing?
Tole (I don’t DM first):
Actually, we are launching hte token, just for that, for mitigating the risk.
Q2 from Telegram user @Moon_951718
What features/improvements/Betterment are you planning to add to your products in the near future?
Tole (I don’t DM first):
There are quite a few items in our roadmap that I’m more excited about, which is first an index, which will rebalance your investment between the top-performing services, the second one will be a new view that will summarize your result from profit-sharing services. The deployment of NFT based insurance protocol in Q3 will further strengthen our offerings.
Q3 from Telegram user @ninoska0012
Zignaly is paving the way to become the social cryptocurrency trading and investment platform that people can trust. Like the other services, is Profit Sharing also available on Zignaly?
Tole (I don’t DM first):
I would say is only available on Zignaly 🙂
Q4 from Telegram user @adaatalay
What would you say about your long-term vision of the industry you focus on? Do you have any preparations for the future so that another project with innovative technology does not replace your project one more day?
Tole (I don’t DM first):
Technology is an important part, but is not everything. You can clone or even improve Facebook, that your chances to compete with them are very few. We have a strong community, a powerful team, and great partners/investors. That’s difficult part.
Q5 from Telegram user @dudeiebitch
Going through your platform and studying everything makes me understand that you recruits traders to your platform, then people can come to your platform to select any of those recruited traders to help them trade their account (if i am not mistaken). We all know that trading is risky and requires high understanding, i will like to know the method you use when recruiting traders to your platform and who carries the loss when a bad trade occur.
Tole (I don’t DM first):
We don’t actively look for traders, they come organically or because the recommendation of some of our users. We have a transparent platform, and we show the results of your services are they are. With this, is up to the user to follow a service or not. You have to know that the risk of loss is always there, that’s why I like to diversify (if you check my blog posts about passive income focused on my account, you will see that I have been profitable since we launched profit-sharing).
Q6 from Telegram user @mucana
It is expected to have a strong financial structure to ensure the continuity of the projects. What kind of income model did you create in this regard? Did you get enough financial resources?
Tole (I don’t DM first):
The first thing that we did was to onboard a CFO, which has been a game-change fore us. Then we have secure a $3M investment from big players, who add not only the investment but their experience and guidance. Lately, we are a working product, and since we launched profit-sharing we are generating revenue. Close to break-even, but our expenses will grow now that we are hiring and adding more fuel to everything.
Q7 from Telegram user @topind7
What is that one core feature that makes Zignaly special and unique?
Tole (I don’t DM first):
Profit-sharing.
Q8 from Telegram user @boradam
What is the price for using trading bots and copy trading?
Tole (I don’t DM first):
Each service has its own price, everything goes directly to the service’s owner, you can navigate hte marketplace and see the prices there. Some of them are free.
Q9 from Telegram user @Antoni_azx
In the section of “how much profit can I make” on your website, you say that you can’t assure any profit, everything depends on the user’s choices and the market conditions, so you don’t have any feature that encourages a safe and reliable trading? at least a better experience?
Tole (I don’t DM first):
We have two things in mind, first the index, which will select for your the best services (a combination of performance and risk), and then we we have the NFT insurance protocol, which can be used for controlling your risk in case of disaster.
Q10 from Telegram user @Ratash99
Can you tell us how to access advanced user previlages ?
Tole (I don’t DM first):
There isn’t such thing, at least for now, in futures ZIG holders will have extra benefits.
Part 3 – Quiz Results
In the final part, we tested your knowledge in terms of Zignaly. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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