Zignaly, a social crypto investment platform, has launched Zignaly Wallet, a multichain wallet with native support for ERC20, BSC, Solana, and Polygon. Users of the Wallet will get access to crypto success fee payments, trading fee rebates, Zignaly Vault, and Insurance NFT.
Zignaly Wallet has been built in partnership with Cybavo, a secured and insured digital asset wallet solution. Wallet is available on the web and Zignaly will launch its mobile apps in the near future. Cybavo will act as custodian, and in addition to its multi-layer security provisions, assets on Cybavo are also insured by an S&P AA-Rated global reinsurance company.
Zignaly enables investors to access digital asset investments managed by professional traders through pooled accounts. The trader’s remuneration is based solely on trading performance with no upfront fees, compared to the traditional, expensive “2 and 20” scheme used by hedge funds. Profits are automatically shared between investors. Zignaly has been generating revenue since 2018, and has amassed a user base of over 100,000 registered users, who have traded over $4.5bn in volume.
Safety of the investor funds is ensured by partner exchanges and protected by insurance on the exchange side, such as Binance’sSAFU fund that covers Zignaly Exchange accounts. Currently, Zingaly integrates with Binance, KuCoin, BitMEX, FTX, and VCC Exchange.
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Zignaly Wallet users will receive discounts on their performance fees of up to 6%, 15% trading fee rebates across spot and futures trading through the Zignaly Exchange account, and get access to Zignaly Vault. Zignaly Vault provides rewards in the form of ZIG tokens as well as rewards from partners, such as SOL & BNB. Zignaly has also launched a referral program to incentivize ZigCoin adoption and aims to launch an NFT based insurance protocol early next year, allowing users to mitigate risks further.
“We are building a decentralized ecosystem for crypto investments and wealth management“, said Bartolome Bordallo, CEO & Co-founder of Zignaly. “Being a retail investor might be fun, but you might have better chances using the services of a professional trader or a fund doing it full-time and we are here to facilitate this process”.
In March 2021 Zignaly raised $3M from a group of investors including Parataxis Capital, Okex’s Block Dream Fund, AscendEX (formerly BitMax.io), Sino Global Capital, LD Capital, LVT Capital, AU21 Capital, Disrupt.com, DAOMaker, GDA Capital, BSCPad, Acheron Trading, Switchain, Kryptos.fund & LedgerPrime.
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