Zignaly (ZIG)

Copy Trading

Zignaly lets users copy the trades of expert crypto traders automatically. This means you can invest by following successful traders without doing the trading yourself.

Profit Sharing

The platform offers a profit-sharing model where investors share a portion of their profits with the traders they follow. This aligns interests and removes upfront fees, as payments happen only when profits are made.

Crypto Signals and Automation

Zignaly provides crypto trading signals and automated trading tools. Users can receive trade suggestions or use bots to execute trades based on expert strategies or AI-driven analysis.

Ecosystem Utility

The Zignaly token (ZIG) powers the platform, enabling features like governance, discounts, loyalty programs, and staking within the ecosystem.

Accessibility

Zignaly is designed for both beginners and experienced traders, offering easy-to-use tools to invest with as little as $10 and manage multiple strategies across supported exchanges.

Pros of Zignaly

• User-Friendly Copy Trading: Allows users to automatically copy trades from expert crypto traders, making investing easier for beginners and busy users.
• Powerful Trading Terminal: Supports full trading strategies including stop-loss, take-profit, and trailing stop, usable 24/7.
• No Profit Cut by Platform: Zignaly does not take a cut of your profits; fees are related to copy traders only.
• Multiple Signal Providers: Offers access to over 20+ crypto signal providers to help automate trading decisions.
• Profit Sharing Model: Innovative profit-sharing system aligns interests between traders and followers.
• Low Barrier to Entry: No minimum investment amount, allowing users to start with as little as $10.
• Cloud-Based and Accessible: No software installation needed; works on web browsers and desktop.
• Integration with Major Exchanges: Connects with popular exchanges like Binance and KuCoin via API keys.
• Active Development: Regular updates and improvements based on user feedback.

Cons of Zignaly

• No Mobile App: Currently lacks a dedicated mobile app, limiting on-the-go management.
• No Demo Account: Users cannot practice with virtual funds before investing real money.
• Commission on Copy Trading: Copy traders charge up to 30% commission on profits, which some users find high.
• Relatively New Platform: Launched in 2018, so it may not have the long track record of some competitors.
• Dependent on Signal Quality: Success depends heavily on the performance of chosen traders and signal providers.
• Limited Control Over Trades: Copy trading means you follow others’ strategies, which may not always fit your personal risk tolerance.

These points summarize the main advantages and drawbacks of using Zignaly for crypto trading and investment.

Founders of Zignaly

Zignaly was founded in 2018 by three friends:

• Bartolome R. Bordallo (Co-Founder and CEO)
• Abdul Rafay Gadit (Co-Founder and CFO)
• David Rodriguez (Co-Founder and CMO)

They started Zignaly to create a social investment platform that connects investors with professional traders and makes crypto investing easier for everyone.

Institutional Investors

Zignaly has raised funding from several institutional investors including Global Emerging Markets (GEM), LedgerPrime, Parataxis Capital, LD Capital, Disrupt.com, Sino Global Capital, AU21 Capital, DAOMaker, GDA Capital, BSCPad, and others. These investors have supported Zignaly through multiple funding rounds, including a notable $3 million private sale led by Parataxis Capital.

Community and User Investors

Zignaly's platform is used by about 100,000 investors who participate in copy trading and profit-sharing with expert traders. These users effectively become investors by choosing to follow and invest alongside professional traders on the platform.

Venture and Private Investors

Zignaly has completed several funding rounds, raising up to $50 million in total. The funding supports product development, global expansion, and new features like their NFT-based insurance protocol and ZIGChain blockchain.

For more details, visit Zignaly's official website.

Halal Status of Zignaly

• Yes, Zignaly can be considered halal if it follows Islamic finance principles.
• It avoids elements like interest (riba), excessive uncertainty (gharar), and immoral activities.
• The platform’s profit-sharing model and copy trading can align with halal investing if done according to these guidelines.

For a personal ruling, consulting a qualified Islamic scholar is recommended.