FNDZ Launches DeFi’s First Multi-Token Staking Feature


May 9, 2022 – Amsterdam, Netherlands

Track live crypto price of 10000+ coins!



FNDZ.io, the decentralized social trading platform, is set to release its industry-first platform staking feature in May 2022.

FNDZ Staking is a mechanism that will give holders of FNDZ‘s native token, FNDZ, the opportunity to earn a portion of fee-based revenues generated by the copy trading platform. The FNDZ Staking contract is unique to decentralized finance (DeFi) platforms and rewards FNDZ token holders in multiple tokens, allowing participants to earn large and small-cap tokens at the same time.

Introduction to FNDZ

Over the past year, FNDZ has emerged as one of the top copy trading platforms on the entire Binance Smart Chain ecosystem. Copy trading is essentially a trading method wherein individuals automatically copy the positions opened and managed by other selected traders.

FNDZ intends to be the bridge between beginners and experienced traders. The platform allows crypto newcomers to copy the trading strategies of seasoned traders in return for a fee. FNDZ uses a combination of smart contracts and DeFi technology to make copy trading much more transparent, with all fees and results visible to investors at all times.

With this, FNDZ aspires to accomplish two things – improve the profit margin of novice investors and reward skillful traders by monetizing their trading advice.

The FNDZ platform is non-custodial, giving users full control over their private keys and personal assets. Investors deposit stablecoins into a smart contract vault, which allows traders to open and close positions on their behalf, without ever having direct access to their assets.

The platform has over 30 assets available for trading, including some of the top launches of 2021, such as Solar (SXP).

The addition of FNDZ Staking will add another utility feature to FNDZ – along with providing additional cost-free value for its holders – through a mechanism not available on any other copy trading platform.

What is FNDZ Staking

FNDZ Staking is one of FNDZ’s initial flagship value propositions. It allows FNDZ holders who stake their tokens through the FNDZ staking dashboard to receive multiple project tokens from fee-based trading revenue.

This is in addition to receiving FNDZ staking rewards and access to a greater share of performance fee revenues for traders.

Through its asset program, FNDZ provides blockchain startups with valuable listing services and access to a large pool of potential investors.

In exchange for its services, FNDZ receives a number of tokens from these projects. With the launch of FNDZ Staking, FNDZ will distribute a portion of these tokens to the FNDZ holders participating in its staking program.

How does FNDZ Staking work

Starting in early May 2022, users will be able to place their FNDZ tokens into a staking contract with weighted rewards. This means the amount of FNDZ staked is measured as a share of the total staking pool, with a larger input equaling a bigger return.

Related:  70,100 XRP Holders Join Class Action Lawsuit Against SEC

What makes FNDZ Staking special is that rewards are generated from the returns of cryptocurrency vaults, and therefore the performance of experienced traders. The performance of FNDZ vaults is measured in a variety of altcoins.

When the performance fee is collected, the altcoins are sent directly to the staking contract and paid out as rewards. Participants can stake their FNDZ tokens and passively earn a diverse set of altcoins – in addition to regular FNDZ token rewards.

FNDZ will also introduce additional crypto indexes, providing algorithmic trading services to investors.

What’s an index vault

Indexes are computer-based trading systems that are programmed to do certain tasks with little or no human intervention. In the world of cryptocurrency trading, crypto indexes automate the work of trading cryptocurrencies on behalf of the investor. They are used to rebalance portfolios as asset prices change and to amplify trading profits.

FNDZ has developed a unique index trading system that uses artificial intelligence to execute buy and sell orders based on market cap weighting.

Each index vault has a particular theme or focus  top 10 DeFi-coins, top five altcoins and top altcoins in a given market segment, for example.

With the addition of index vaults, FNDZ now offers a comprehensive suite of trading services to meet the diverse needs of the DeFi trading community.

To participate and take advantage of FNDZ’s new staking opportunity, please refer to the following links.

Find more about FNDZ here.

About FNDZ

The FNDZ’s motto is – ‘DeFi copy trading made simple.’ The FNDZ platform is a DeFi copy trading solution that enables copy/social trading from a truly decentralized perspective. DeFi, short for decentralized finance, is a financial infrastructure consisting of blockchain-powered smart contracts and protocols that collectively carry out the same functions traditionally handled by brokers, bankers and financiers. FNDZ uses these tools to provide a fully transparent, low-cost, highly efficient and user-friendly copy trading experience.

Contact

Hans Sundby, FNDZ

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 




Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: