The number of investors in cryptocurrencies and blockchain-based assets have skyrocketed over the past two years. Yet, it is an uphill battle to research and trade in the right crypto tokens for profits.
Being a nascent industry, blockchain-based financial assets are outside the realm of legal regulations for the most part, and crypto-assets are highly volatile when compared with other financial products. Thus making them a risky option for new investors. It can be quite daunting for novice investors to avoid fraudulent projects, shitcoins, or even act on the wrong signals while trading in crypto tokens with good potential.
FNDZ’s intends to be the last mile connection in allowing traders to make high return on investment (ROI) crypto investments without having to constantly monitor their portfolios. The platform allows traders to benefit from the expertise, connections, and understanding of the markets.
The vision is to lower entry barriers for crypto investments and expand access to the enormous market of less-experienced yet enthusiastic investors in crypto assets.
Read on to know more about FNDZ’s platform, features, and its native token, $FNDZ.
FNDZ: Origin and The Team Behind The Project
FNDZ was founded in 2021 and was pegged to become the first decentralized copy trading platform to allow seamless investing in crypto assets.
Copy trading is a trading methodology wherein the principal amount of an individual is invested in the same assets and financial products of other highly selective individuals. By following seasoned crypto traders, newbies and amateur traders can mimic their exact trades and signals without the hassle of observing the markets 24×7.
The FNDZ team comprises members with experience in a wide range of traditional finance skills, fintech, digital asset finance, and cryptocurrency experience. The primary contributors have past entrepreneurial experience, having founded and run hedge funds, asset management firms, retail trading platforms, and brokers.
Decentralization And Features Of FNDZ
FNDZ strives to become a community-driven decentralized autonomous organization (DAO) and become an independently managed project with the $FNDZ token used in the project’s governance and deciding future operations. In this sense, the platform will be free from the clutches of arbitrary and biased decisions that may arise from being governed by a closed group and instead, facilitate decentralization in its true form.
The DAO aims to eliminate the problems faced by its centralized counterparts like eToro and Shrimpy, such as hidden costs, a limited pool of assets, and hurdles to obtaining asset ownership. A noteworthy feature of this platform is its decentralized design that allows users to retain total control of their assets deposited in the vault. This enables secure investments and provides greater protection against the exploits that centralized exchanges suffer.
The platform works on the principle of double disintermediation, i.e. smart contracts perform the role of a traditional financial mediator, and copied traders provide the role of a financial advisor. With this, FNDZ aspires to accomplish two things; improve the profit margin of retail investors, and reward skillful traders by monetizing their trading advice.
Further, it addresses security risks and procedures with its technical architecture by addressing miner extractable value and front-running. It also features fair distribution of contracts to avoid concentration in any one contract and isolate addressable security risks as they are identified. With the BSC-ETH bridge insurance, the platform offers insurance for assets moving across chains and safeguards against operational, counterparty, and network risks.
Heading The Copy Trading Revolution
The project aims to incorporate the good practices of social trading mechanisms with transparent pricing schemes, fees, commissions, and charges that are available upfront. It attempts to safeguard copy traders from market manipulation by providing access to a fair order book that is not created by market makers, as well as displaying the liquidity of the DEX.
FNDZ features the on-chain verified PNL, which ensures that expert traders do not engage in deceptive practices by displaying manipulated results.
FNDZ incorporates aspects of gamification in its leaderboards, trader tournaments, platform interactions, and token distributions. It plans on organizing tournaments where traders may compete for rewards and engage in challenges. The incentives will go to the users who have made the most money on their trades at the end of the tournament.
Further, the FNDZ Leaderboards are publicly accessible rankings that indicate the performance of traders’ strategies. Positions on leaderboards increase visibility, broadcast performance, and make more earnings in the form of commissions.
What Lies Ahead For FNDZ?
FNDZ aims to ensure a rewarding crypto trading journey for both investors and seasoned traders. With access to experienced traders’ strategies, users are empowered to make informed investment decisions by themselves whilst avoiding the risks entailing random trade signals and calls.
The platform is also underway to offer a multichain trading experience in the future by allowing users to place traders and transfer assets across chains seamlessly and capitalize chain arbitrage.
FNDZ holds the potential to direct the course of crypto trading. The road ahead looks indeed bright for FNDZ. Read more about the FNDZ roadmap here.
Image: Pixabay
Source: https://bitcoinist.com/decentralized-copy-trading-platform-fndz-to-bridge-the-gap-of-defi-mass-adoption/