Zignaly

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Discover Zignaly's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Zignaly?

Zignaly (ZIG) is a utility token that powers the Zignaly ecosystem, a social investment platform that offers cutting-edge wealth management services. It allows users to invest in digital assets by leveraging the expertise of seasoned traders and provides features such as insurance NFTs, governance, platform discounts, and loyalty programs. ZIG is an ERC-20 token built on the Ethereum network, facilitating various services within the platform.

How is Zignaly used?

Zignaly (ZIG) is a platform-centric ERC-20 token that serves several purposes within the Zignaly ecosystem. Here are the key ways ZIG is used:

  1. Insurance Contracts: ZIG acts as the unit of exchange for insurance contracts. Users can purchase insurance NFTs and claim policy coverage using ZIG.

  2. Governance: ZIG owners have governance roles, including voting rights on platform updates and future plans. They also get early access to new features.

  3. Platform Discounts: ZIG is used to pay for platform-wide fees such as profit-sharing services, additional insurance fees, and potential trade commission rebates.

  1. Loyalty Programs: ZIG owners have access to limited-edition NFTs and other loyalty benefits.

  2. Trading: ZIG is traded on various exchanges, including ByBit, Gate.io, MXC, Uniswap (v2), and others, with a significant trading volume observed for the ZIG/USDT pair.

These uses highlight the versatility and utility of ZIG within the Zignaly platform, which aims to make crypto asset trading more accessible and secure for users.

How do I store Zignaly?

To store Zignaly (ZIG) tokens securely, it is recommended to use a cryptocurrency wallet. There are two types of wallets: software wallets (hot wallets) and hardware wallets (cold wallets). Hardware wallets are considered more secure as they store your crypto keys offline. Ledger is a highly secure hardware wallet option.

When using a hardware wallet, you will receive a seed phrase that acts as a key to unlock your wallet. It is crucial to store this seed phrase in a physical form, such as a metal seed phrase storage solution, to protect it from loss or destruction.

How to buy Zignaly?

To buy Zignaly (ZIG) tokens, follow these steps:

  1. Choose a Crypto Exchange:

    • Select a reliable exchange that supports ZIG, such as Bitget, CoinEx, Bybit, gate.io, or MEXC.
    • Ensure the exchange accepts customers from your country and offers the necessary trading features.
  2. Create an Account:

    • Register for a free account on the chosen exchange.
    • Provide required personal information, including your name and email address.
  3. Verify Your Account:

  • Complete the exchange's identity verification process to increase withdrawal limits and unlock additional features.
  1. Deposit Funds:

    • Fund your exchange account using various payment methods, such as credit/debit cards, bank transfers, or digital wallets.
  2. Place a Zignaly Order:

    • Navigate to the exchange's trading platform and select ZIG as the cryptocurrency you want to buy.
    • Set the amount you want to purchase and confirm the order.
  3. Monitor Your Investment:

  • Track your ZIG tokens in your exchange account and stay updated on market performance.

Additionally, you can also use decentralized exchanges (DEXs) like Uniswap to buy ZIG tokens.

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History of Zignaly

Zignaly (ZIG) was founded in 2018 by three friends, Bart, Rafay, and David. Since its inception, the company has grown significantly, now employing over 30 people worldwide who share a passion for blockchain and decentralized finance (DeFi). The founders aim to create a new paradigm of social investing where everyone has equal opportunities to profit, with fair rules and a level playing field.

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How Zignaly works

Zignaly is a social investment platform that connects everyday investors with professional traders. It utilizes AI to handpick traders who can trade on behalf of users, similar to copy trading. Here's how it works:

  1. AI-Powered Trader Selection: Zignaly uses AI to identify and select skilled traders who can manage investments effectively. These traders are vetted to ensure they have a proven track record of success.

  2. Copy Trading: Users can choose to copy the trading activities of these selected traders. This means that when the trader makes a trade, the user's account will replicate the same trade proportionally to their set investment amount. This process is fully automated, requiring no manual intervention from the user.

  3. Proportional Trading: The platform ensures that the trading activity is proportional to the user's set balance. This means that if a trader makes a trade, the user's account will mirror that trade in proportion to their investment amount, ensuring that the results are also proportional.

  1. No Credit Card Required: Users do not need a credit card to start copy trading. They simply need to connect their exchange account, select a trader, and set their desired investment amount.

  2. Hands-Off Experience: The entire process is managed by the trader being copied, including settings, strategy, and risk management. Users do not need to worry about these details, making it a hands-off experience.

  3. Utility Token (ZIG): Zignaly has its own utility token, ZIG, which can be used to pay for services, success fees, and trading fee cashbacks. It also provides governance rights, access to loyalty programs, and discounts on platform fees.

  1. Insurance NFTs: ZIG can be used to purchase insurance NFTs, which provide protection against potential losses.

  2. Governance: ZIG holders have voting rights on platform updates and future plans, giving them a say in the direction of the platform.

Overall, Zignaly aims to democratize access to professional trading strategies, making it easier for everyday investors to participate in the cryptocurrency market.

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Zignaly's strengths

Zignaly (ZIG) has several strengths that contribute to its potential success in the cryptocurrency market:

  1. Automated Trading Platform: Zignaly offers a fully automated trading platform that allows users to execute trades based on signals and strategies provided by signal providers. This platform helps users to trade without manual intervention, making it more efficient and convenient.

  2. Social Investing: Zignaly is designed as a social investment platform where everyday investors can access and follow the trading strategies of carefully vetted professionals. This social aspect helps to level the playing field, providing equal opportunities for all users to profit.

  3. Utility Token: The ZIG token is a utility token that can be used to pay for various services within the Zignaly ecosystem. This includes paying for success fees with discounts, receiving trading fee cashback, and participating in the Vault. Additionally, ZIG owners have governance rights, allowing them to vote on platform updates and future plans.

  1. Insurance NFTs: Zignaly offers insurance NFTs, which can be purchased and claimed in ZIG. This provides an additional layer of protection and risk management for users.

  2. Loyalty Programs: ZIG owners have first access to limited-edition NFTs, which can be a valuable incentive for users to participate in the platform.

  3. Partnerships and Funding: Zignaly has secured significant funding, including $3 million in a private sale and $50 million in additional funding from top investors. This financial backing can help accelerate the platform's growth and development.

Overall, Zignaly's strengths lie in its innovative approach to automated trading, social investing, and the utility of its token, which provides a comprehensive and inclusive platform for users.

Zignaly's risks

Zignaly (ZIG) carries several risks associated with trading virtual assets and derivatives. These risks include:

  1. Operational Risks: Malfunctions in software and hardware, poor internet connections, and incorrect settings can lead to financial losses. Zignaly assumes no liability for these issues unless they are caused by fraud, negligence, or dishonesty on their part.

  2. Fiscal Risks: Users are responsible for taxes and duties on their trades. Zignaly does not offer tax advice, and changes in legislation or personal circumstances may affect tax obligations.

  3. Insolvency Risks: If Zignaly becomes insolvent, positions may be liquidated without user consent, and users may not recover their virtual assets.

  1. Regulatory Risks: The regulatory environment for virtual assets and blockchain technologies is unsettled and subject to significant variation among jurisdictions. This uncertainty can lead to changes in Zignaly's operations or obligations.

  2. Force Majeure Risks: Events beyond Zignaly's control, such as natural disasters or system failures, may prevent them from executing user orders or fulfilling their obligations, resulting in financial losses for users.

  3. Security Risks: Users are responsible for maintaining the security of their accounts, including using strong passwords, two-factor authentication, and being cautious of phishing scams. Zignaly takes measures to protect user data, including encryption and isolated servers, but users must also take steps to ensure their own security.

  1. Market Volatility Risks: Trading virtual assets and derivatives carries inherent market risks, including price fluctuations and potential losses.

  2. NFT-Based Insurance Protocol Risks: While Zignaly's insurance protocol aims to mitigate losses, it is not a guarantee against market volatility. Users must understand the terms and limitations of the insurance protocol to avoid unexpected losses.

These risks highlight the importance of understanding the terms and conditions of using Zignaly's services and taking necessary precautions to protect one's accounts and investments.

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Did Zignaly raise funds?

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Zignaly’s team

  • Bartolome Bordallo (Co-Founder & CEO): A data-driven entrepreneur and blockchain advocate who has propelled Zignaly's transformation into a comprehensive digital asset investment management platform.
  • Abdul Rafay Gadit (Co-Founder & Master of Coin): Envisions a financially independent world and drives token ecosystem development, business growth, and more, keeping $ZIG at the center of everything.
  • David Rodriguez (Co-Founder & CMO): A seasoned WEB3 marketing and growth executive fueling Zignaly's expansion through online advertising, affiliate programs, and SaaS marketing.
  • Natalia Ávila (Project Manager): A results-oriented project manager skilled in orchestrating complex initiatives for success, managing transformations from copy trading to profit sharing.
  • Matias Curros (Success Trader Lead): Ensures comprehensive support for expert traders within the Zignaly ecosystem.
  • Adrian Pinilla (Security - DevOps Lead): The digital guardian shielding Zignaly from cyber threats, orchestrating holistic security strategies and championing security awareness.
  • Ehsan Sheikh (Business Development Lead): A goal-driven business development lead recognizing growth prospects, cultivating crucial industry partnerships, and employing diverse strategies to scale business.
  • Ellen Maier (Human Resources Lead): A seasoned HR leader dedicated to optimizing remote working environments and empowering talent, creating an inclusive, growth-oriented environment for the Zignaly team.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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