Place/Date: – August 19th, 2022 at 12:02 pm UTC · 3 min read
On Thursday, August 18 FNDZ.io released its decentralized copy trading platform on Binance Smart Chain. FNDZ gives users the opportunity to copy the trades of seasoned cryptocurrency traders. Users can copy other traders or monetize their trades by managing a crypto vault. The platform makes it easy to set up a crypto vault and attract followers by displaying an open record of performance and fees.
Introduction to FNDZ
FNDZ is a leading copy trading platform for the Binance Smart Chain ecosystem. Copy trading is a method in which users automatically execute the trades of another, typically more seasoned or professional, trader.
FNDZ takes this concept further by connecting users with a community of experienced crypto traders. In return for a transparent fee, the platform allows beginners to copy the strategies of tried-and-tested crypto veterans of their choice.
While copy trading has been around for a long time, FNDZ makes it much more transparent. Users can view the fees and performance track record of every trader, and keep full custody of their funds. All trades are verified on-chain to ensure valid and tamper-proof results. With this, FNDZ aims to accomplish two things: help beginners make better trades and enable skilled traders to get paid for sharing their expertise.
FNDZ connects directly to DeFi wallets. Users deposit funds into smart contract vaults that allow traders to open and close positions on their behalf. These fully-audited smart contracts ensure that no vault operator has direct access to the tokens under their management.
How does FNDZ copy trading work?
FNDZ users can copy other traders or earn revenue by opening their own copy trading vault.
To copy other traders, users deposit stable coins into a vault that matches their fee and performance expectations. The vault’s historic track record is displayed on a single dashboard that gives them complete insight into fees, trades and past results.
Any FNDZ user can open a copy trading vault and decide on their fee levels and deposit rules, such as whether to make their vault exclusive or open to all users. Vault managers can also give their followers a referral bonus for helping them attract more depositors to their vault.
The platform has more than 30 cryptocurrencies available for trading, including some of the top launches in DeFi, such as Orbs Network (ORBS).
Passive exposure with Index funds
FNDZ also offers crypto index funds. An index is a portfolio of cryptocurrencies that can be bought or sold as a bundle, rather than buying each coin individually. Index funds are an easy and hassle-free way to get exposure to crypto markets.
Index funds automate trading for users and rebalance when token prices change. This reduces the impact of price volatility and helps users benefit from long-term growth.
FNDZ offers classic index funds and auto-rebalanced (AR) funds that allow users to hold specific tokens with less downside risk.
The FNDZ’s motto is “DeFi copy trading made simple.” The FNDZ platform is a DeFi copy trading solution that enables copy trading from a truly decentralized perspective. DeFi, short for decentralized finance, is a financial infrastructure consisting of blockchain-powered smart contracts and protocols which collectively carry out the same functions traditionally handled by brokers, bankers, and financiers. It uses these tools to provide a fully transparent, low-cost, highly efficient, and user-friendly copy trading experience. Currently, FNDZ is trading on PancakeSwap and AscendEX.
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