We just finished our AMA with Zignaly and our guest Bart (Zignaly founder)

So here we will put the questions that you maybe want to know it’s answer :

Q1: Can you Kindly Introduce your self and zignaly project to our community ?

Let me start with the founding team is composed of David (CMO), with whom I’ve been working for the last 15 years. We have created a lot of projects together, some success and a lot of learned lessons. David, understanding many of the aspects of marketing: SEO, Social Networks, SEM, Guerrilla Marketing… is amazing, which helps us to validate ideas asap. Rafay (CFO), who was a trader in the platform, is the person that we were missing (as I mentioned I didn’t have trading experience neither David had). Rafay's understanding of the crypto-market, besides his banking background and strong control over financial models, was the missing part of the project. When he joined we gave a jump in quality. About myself, I already mentioned, I have a technical background and know a little bit about what you don’t have to do :)

About Zignaly, is a social investment platform that provides investment opportunities to everybody. Having this in mind, and knowing that not everybody is a crypto guru or skilled trader, we have built a platform easy to use, with the goal of not having to spend too much time on it once you have started.

Q2: In the most projects especially defi those ones offering yield farming are driven up by hype and scarcity, so when the hype dies the project dies. What’s the key to sustaining Your Project ?

Those projects are usually based just on a whitepaper, you can’t keep the hype forever, even less with just a whitepaper. Some of those projects deliver what they promise and become important projects that really make an impact, other… just don’t.

We already have a working-product, since 2018, with more than 65k users, and generating revenue.
We plan to create the first-ever NFT based insurance protocol, which is the perfect complement for our platform, so people keep generating profits.

That’s our key to sustaining the project, to keep providing value to our users.

Q3: What’s the uniqueness of your project that can not be found in other project that’s been released so far? And how the demand of the token will increase in the future? or what steps would you take to increase the demand?

We have services that provide value to our users, we may be cutting our revenue, but we think that in the long term it will be beneficial for everybody.

You won’t find any other services out there offering profit-sharing, even less based on a success-fee. Users only pay when they have profits and pay a percentage of them. We also work with the high-water mark, which means that in order to keep getting revenue from you, the trader has to increase your balance all the time. If the trader’s strategy is good, then everybody will make more profits.

Of course, we can’t offer you financial advice, and the idea behind ZIG is to provide actual utility, however, as you can understand, higher utility with limited supply only ends up in one way for the price of the coin .

Q4: What is your long-term vision about the industry which you are working on? Are you afraid some day there will be another project with more innovative technology can replace your project?

Any technology can be replicated, it’s a matter of time. You can replicate and even improve Facebook, but that won’t give you any advantage over them.

Is not the technology, which is just a piece of the puzzle. You have the team, you have the partners, you have the community…

I haven’t found any single competitors who announce the profits that they are generating to their users. That’s our north star metric.

I’m not worried about competitors, we need to focus on ourselves and be sure that each day, Zignaly is better than the previous day.

When the retail investor thinks in investing in crypto, they will think in investing in Zignaly. That’s our long-term vision.

Q5: Could you please tell me just a little more about the team and some of their backgrounds? I have personally seen many projects launch with inexperienced team members, and some of those didn’t go so well due to easily avoidable mistakes.?

100% agree with you. In fact I don’t have any experience with finances, neither my partner David. We were the original co-founders.

We launched and were doing pretty good, but we noticed immediately that we have some weaknesses in that part. It was then when Rafay joined us, completing a very competente founding team.

So, to give you more details David (CMO), with whom I’ve been working for the last 15 years. We have created a lot of projects together, some success and a lot of learned lessons. David, understanding many of the aspects of marketing: SEO, Social Networks, SEM, Guerrilla Marketing… is amazing, which helps us to validate ideas asap.

Rafay (CFO),was a trader in the platform, his understanding of the crypto-market, besides his banking background and strong control over financial models, was the missing part of the project, as I said. When he joined we gave a jump in quality.

About myself, I already mentioned, I have a technical background and know a little bit about what you don’t have to do :)

Beside the founding team, we have excellent teammates and we have onboarded some investors and advisors that can avoid us to make mistakes with those things that we don’t know that we don’t know.

Q6: What do you think of liquidity mining in DeFi? Do you have plans to launch liquidity mining?

yes, if you check our tokenomics you will find 12% from the total supply allocated to this.

we think that is a great way of rewarding users for helping us providing liquidity in DEX, where we think, is where the future is.

we expect to have more services related with DEX soon.

Q7: Too many projects promise magic but never release any working product or prove any revenue, Within a short/long time of release. Is a Zignaly like this? If not can u tell us, What makes. Zignaly different from other projects?
What are the techniques that have been made to protect against hackers?

I can’t agree more. But, what if I tell you that we have been running Zignaly since 2018, we have iterate 3 times, improving the service each time until what we have now? More than $65k users, around $2B in volume trade, and with our last service, profits-sharing we generated almost $1M in profits to the community. Also, since this launch, we are generating revenue.

Q8: Transparency is the key. Tell us describely about your team members. How many team members do you have and how many developers are working for you?

Yeah, in fact is one of our core principles. If you go to our main website, you will see the entire team. We don't hide.

Q9: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?

Yes, in fact we recently wrote an article about it .

Q10: When you copy trade in zignaly , do u copy a real persons moves or u copy a bots moves?
And, If I disconnect a copy Trader what will happen to the open positions?‌‌

I think you have used Zignaly 😄

So, there is always a person (or company) behind the services

however they can operate manually, or with algo-bots

but at the end there is always somebody looking after it

if you disconnect from a copy-trading service and you have open positions, the trader still manage them

Q11: On moving forward through your roadmap, what are your most important next priorities? Does your team have enough fundamental (Funds, Community, ect) to achieve those milestones?

We think so, Rafay prepared s wonderful financial projection model and we have strong partners

Regarding what's coming next, what I’m more excited about, 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. Beyond the functionalities part, we plan to have more presence in the Asia region and we are cooking some interesting partnerships for making the ZIG coin more attractive :)

Important link:

Website
Telegram
Twitter

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