We are pleased to announce our next AMA on September 9th 2021 at 01:00 PM UTC Time: Satoshi Club x FNDZ
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join FNDZ Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. FNDZ Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about FNDZ
For more details:
FNDZ Website – fndz.io
FNDZ Telegram – @fndz_community
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
Do you have a mobile wallet that is compatible with either Android or iOS which users can use to store their NFTs and access NFT marketplaces? Also, can user use it to mint their own unique NFTs and transfer them on-chain into marketplaces for other users to buy?
One of the points that is crucial for the adoption and massification of your project is to be simple, therefore I would like to know how optimized the work processes are so that the Platform is truly simple to use for users?
Social capitalism despite being a great concept, has led to a bad reputation for mismanagement of economic financing. How can your Project make a capitalist difference within the decentralized ecosystem and generate real wealth for its holders?
Q. Without proper marketing & capital infusion,the project dies,how do you convince us that your project has adequate marketing power and capital to push this project to the top?What all partnerships or marketing initiatives are you working to help build awareness for your platform?
Q. Have you being audited? How strongly built are your security put in place?
Q. Could you please provide some progress on your current years Roadmap and what we can expect in 2022?
FNDZ is the world’s best DeFi copy trading platform that makes copy/social trading possible from a truly decentralized angle. Through the FNDZ platform, you will be able to copy your favorite and best-performing trader without ever having to monitor the markets 24/7. This is really nice. I noticed that The FNDZ platform has 4 main fee models: Management fee, Performance fee, Creation fee, and Redemption fee. What is the essense of these fees to the FNDZ platform. Can you tell me more about these fees and how they work?
We have witnessed incidences where exchanges like Binance announced that its customers in Germany, Italy, and the Netherlands will no longer have the option to open new futures and derivatives trading accounts. In subsequent phases, Binance customers with existing futures and derivatives accounts will be given 90 days to shut these accounts down. No date has yet been given as to when this policy change will take effect though. With time this similar issue by binance will be implemented by other centralized platforms. How will FNDZ solve this issue from occurring often and in the future as FNDZ is built on decentralised finance (DeFi) infrastructure to provide a transparent, secure, and easy-to-use copy trading experience for users.
With the FNDZ platform, I will be able to copy the most efficient trader. Tell me, how can I choose the trader I want to copy? Is there a rating or list of the best traders on the FNDZ platform and on the basis of what data is it assigned such a status?
FNDZ offers a very useful and highly commented tool: copy trading. In copy trading, we literally copy the positions of a successful trader directly to our personal investment account. Will FNDZ implement a reputation system that allows us to better choose the trader to copy? Can we copy the positions of more than one trader simultaneously? Is there a maximum limit of positions that we can copy per day? And I have a question regarding the traders who share their positions with users. Do they receive any kind of incentive for each position that is copied by a user?
The FNDZ platform has a variety of fees. There are 4 main fee models: Management fee, Performance fee, Creation fee and Redemption fee. Can you briefly tell us what these fees are, what are they and who are they charged from? Are there any other fees on the FNDZ platform and can users minimize them?
FNDZ IDO starts on TrustPad: September 14, 2021, 12:00 UTC. Whitelist Start: September 08, 2021, 15:00 UTC and Whitelist Closes: September 14, 2021, 09:00 UTC. I have fulfilled all the conditions for participation in the drawing of places on the White List. I wondered how the winners for the White List will be determined: will it be random or will you just take the first 100 people who filled out the form? And how will they be notified? What are the first things you will look at when determining the winners? I would also like to know about the terms and conditions of the IDO.
Hello FNDZ team! FNDZ is the first DeFi, blockchain-based social trading platform that facilitates copy trading by connecting retail investors with a network of experienced, proven, and profitable traders. I have seen other similar platforms that are a bit complicated for new users. How easy to use is the FNDZ platform? How user friendly is the interface? Can it be easily adopted by users who will be copying for the first time? Thank you!
Copy trading can generate high profits only if the trader finds a successful trader to copy. Therefore, there is a great risk associated with copy trading. By introducing a decentralized angle, does FNDZ minimize that risk? When there are ample copy trading opportunities, why should we choose a decentralized platform to receive the same service?
Traders of your platform have to pay a performance fee for successful management of assets. You have indicated that it is set at 20% at origin. Why this fee is so high? Will it be reduced gradually? Although it has been mentioned that 10% of the total performance fee will be distributed to active users, any utilities of the rest of the funds have not been mentioned. Do users receive them back as rewards or any bonuses?
I have been researching FNDZ and read that it gives users the opportunity to make a profit by copying the positions of experienced traders. Do these traders have to go through a trial process to prove their experience and skills? How does the FNDZ team ensure that the platform’s traders are truly profitable? What requirements must a trader meet to start publishing their positions so that other users can start copying them?
Uniswap/ PancakeSwap listing of your token has been scheduled to this quarter. In the seed round, the token price was 0.08$. It was 0.12$ in the private sale and the launchpad token price is 0.24$, 3x compared to the seed round. When listing on Uniswap/ PancakeSwap, what is your estimated price for $FNDZ? Vesting time periods of many categories including seed, private sale, advisors and team end in 24 months. Therefore, can we expect a selling pressure after two years? Is it worth to buy $FNDZ now?
While going through FNDZ community forum, I discovered that you’re currently working with Zokyo to get your first smart cntract audited. How far has the process of auditing gone? When are we expected to see FNDZ finally audited? I there plan by FNDZ to audit on other security companies like Certik? There is also plan to do a community bug bounty after the audit with Zokyo. Is this aimed at creating a more securable FNDZ ecosystem? Can you provide some details about the bounty?
With great excitement, the FNDZ team shared with its users the news of the upcoming IDO launch on TrustPad! Although the exact launch date is subject to minor variation, you are aiming to launch on September 14th. Very little time left! Is there a whitelist where we can register? Can we participate from any country? Did the TrustPad team inform you if there are any countries that are not allowed to participate in this IDO? How much is the token allocation for this IDO? Have you thought about running a contest to award IDO whitelist spots to your community?
How can a professional trader increase his chances of having his positions copied by other users? How can that trader reach more people? and other doubts I have … What are the rules and conditions that traders who wish to share their positions on the FNDZ platform must comply with? Can you share with us some cases in which a trader could be penalized or restricted on the platform?
You said experts can charge a maximum of 2% as management fees and 20% as performance fees. Can you explain the essence of the management fees and performance fees? Are users expected to pay these fees every time they enter a Vault to copy expert? Also, do these fees go straight to experts or are parts of the fees meant for your platform consumption? And since you said performance fees are charged after a trade has been completed, what will happen when trade becomes unpredictable and unsuccessful? Will traders still have to pay performance fees when their copied trade did not perform as expected?
Trading has its own inherent risk and even sometimes, expert can come up against the bad side of market. A good profiling and reputation rating of experts trader can help new traders to select the best expert to copy. How do your platform profile experts traders and make it easy for users to make best decision when selecting who to copy? Do you have a ranking system and are users granted access to reviews, styles, experience, volume, strategies and success rates of expert traders? Are there ways you measure the expertise of your traders and ensure only professional traders are promoted for users to copy?
One of the item found on a trader dashboard is Ruleset. I read that it contains exclusionary rules as well as depositor whitelist. How will this Ruleset be used? What are exclusionary rules and why should trader sets these rules? Also what is the need for depositors whitelist? Who are the people that are included in this whitelist? And since each trader has their own dashboard, does it meant they can set any exclusionary rules and depositors whitelist as they deem fit or do you have a standard format that should be followed?
I have tried other projects that offer copy trading like FNDZ, however, I have noticed that they do not offer a guide on how to choose the trade that best suits us, the one that best suits our needs. Does FNDZ offer that? Do you offer any way to get to know better the trader we want to select to copy their positions? Can we see how the performance of each trader has been?
Most platforms are based on derivatives, which means that users do not actually own the assets, leading to additional unnecessary investment risks. What are the main differences between these derivative-based models and the model that FNDZ has developed? With the novel approach you have taken for this type of model, how will you guarantee users that full control of the assets is in their hands and that no one can access them?
Established suppliers have several major drawbacks, such as non-transparent models with all kinds of hidden fees, unfair order books, limited asset availability and much more. How, through your Copy Trading model, will you solve these fundamental problems that many of today’s providers suffer from? Is this model adaptable to all types of investments? What are the main strategies that are part of FNDZ Copy Trading and generate the highest returns?
FNDZ as the world’s best DeFi copy trading platform that makes copy/social trading possible from a truly decentralized angle. Through the FNDZ platform, users will be able to copy their favorite and best-performing trader without ever having to monitor the markets 24/7.My question is,Are Copied Investors compensated by maybe flat monthly subscription fees on the part of a trader,a signal follower seeking to copy their trades?Since FNDZ is a social trading platform, do you provide an innovative framework for delegated portfolio management?Different copy trading platforms employ different copy trading logic,so can you tell us the copy trading logic used on FNDZ? Thanks
The goal of FNDZ is to become a full-fledged DAO (decentralized autonomous organization) and that’s why the term “contribute” is perfect. They contribute to the initial development of the project, but it will be the community, or rather the owners of the $ FNDZ token who will decide the future direction of the project. Currently, more than 30 people contribute to the project with decades of experience in traditional finance, entrepreneurship, brokerage and cryptocurrency trading. After all, this is a platform for traders, created by experienced traders. How is the community currently participating in the construction of FNDZ as a platform? Are there any requirements to participate in this governance?
The story behind the name FNDZ (let’s say: fundz) comes from a similar concept they were running in the centralized finance space called: fundz. The name fundz gives a general idea about everything they do and what they will do in the future, in the end everything has to do with having your funds in operation under the control of the user. I guess the name would make sense to people, plus it’s short and engaging with a direct link to what it’s all about: your funds? What is the final objective of FNDZ in the medium and long term?
The most important issue for people in today’s projects is to feel that their investments are safe. What does the FNDZ team do to make people feel safe? Which technology or security companies does the FNDZ team work with for the safety of its users? Has FNDZ passed the audit, is there a report?
Some of the major drawbacks of Social trading platforms as mentioned on your website are; non-transparent models with all kinds of hidden fees, unfair order books, limited availability of assets and much more. Plus, the majority of platforms are based on derivatives, meaning users don’t really own the assets, which brings additional unnecessary investment risks… So how does FNDZ solve these major issues pointed out in its platform, how do you ensure that there are no hidden fees or unfair order books on your platform, and how do you eliminate investment risks on your platform
One of the features of FNDZ is the “Trading challenge” it is stated that New trading challenges are available every week, and Top traders compete with each other to win a prize pool refreshed every week… So what are the details of this trading challenge how do top traders participate in this challenge, how are winners from the challenge selected and how are winners of this trading challenge rewarded..
Which blockchain will $FNDZ work with? Can you share with us the reason for your choice? Does $FNDZ have plans to work with multiple blockchain networks?
One of the risks that FNDZ contract was designed to protect users from is the “Miner Extractable Value (MEV) and frontrunning” which makes it possible for savvy network participants to monitor the blockchain and interfere with the transactions of copy traders…so how does FNDZ protect it’s users from this technical risk, how do you ensure that the network participants cannot interfere with the transactions of copy traders on FNDZ
FNDZ incorporates aspects of gamification in its leaderboards, trader tournaments, platform interactions, and token distributions.My question is, What is the benefits of integrating gamification of online trading on your platform?How can new traders who lack the required knowledge to succeed in online trading find this incorporation of gamification useful?Can you please give us details of the traders tournament held on your platform,when is it normally held and how can we participate in it?
On FNDZ-style trading platforms, users are particularly curious about the security infrastructure. How does the FNDZ platform protect its users from external hacking attacks? Do you have an insurance system against damage to your users’ investments, or how can you make them feel safe?
FNDZ users can choose how much capital to put into each vault. What will be the maximum management fee and the maximum performance fee? do they have a ranking system, for this they have an internal algorithm that classifies and indexes the vaults of the best performing traders? Will the performance only be PNL%? will it be based on a series of parameters? including?
Copy dealers only need access to statistics and information governing specific vaults. For example, NLP tracks everything in chain, so you will see who returns what NLP, etc. Then you can follow the most consistent trader you want. Apart from NLP, will other attributes be taken into account to select a trader? Can any trader be part of the FNDZ selectable list? Have you estimated the profit percentages of your best traders?
How important and what does the community mean for the FNDZ platform? Do you have a say in your community management and do you care about community feedback/requests? Is there a region or area that you primarily target in your project?
Nowadays, people focus on long-term plans of projects. My question is what are FNDZ’s short-term plans and income method? How are you going to make $FNDZ a successful token in the short term and persuade people to invest in the long term?
The FNDZ Leaderboards are publicly visible rankings indicating the performance of traders’ strategies.My question is,how will users be able to filter traders on the Leaderboard so that they can choose the most suitable traders to follow,learn from and automatically copy?How will you get to know that the trading performance of the traders whom users will copy from are not fake?Apart from their trading performance,will users get to see their Win rate and the total number of trades they made?
Greetings FNDZ, how can I start on your platform from scratch, what can I do through the FNDZ platform and how can I use my assets on the platform? which is the most recommended and safe wallet to use, could you tell us what is the main function of FNDZ, you can explain a little about your project, to understand better, since we must know how it works to start using it with confidence, thank you
FNDZ is giving us a method to make trading in the simplest way with copy trading, but how advisable it is to copy the positions of an operator with good performance and performance, these functions that they are offering have some value within the platform or How does the trading copy system work, how many can be copied by users? Explain these points, since the information is little on the page and more should be known and that is why the AMA opportunity. to get to know your platform in depth
I understand that the FNDZ platform has a variety of rates, but how many rate models does FNDZ have and why? Explain to us everything related to the issue of rates since many trading, we avoid high commissions and percentages, since we seek to win, how to understand the issue of rates and the variety of those that name how many rates are there? What are the functions of the rates on the platform, could you give us more details to know better and have knowledge to be able to use the rates clearly.Thank you
From where the business models that can be copied are chosen, the original businesses receive some benefit from whoever copies their business model, all the models are Defi, from any productive sector some special condition that must be met by the parties interested in establishing the commercial link ?
Does the FNDZ platform offer advice to new investors? How did the idea of creating this type of trade come up that is really valuable especially for novice and retail traders, from a cryptographic point of view how is FNDZ supported, what are the Trade Challenges, should all traders participate or is it optional?
FNDZ has considered the possibility of extending its services to CEFi and traditional finance, which are currently the best and most applicable trading strategies, can FNDZ suggest a trade model or may not have participation in those decisions, how would it evaluate its performance with respect to the reach the platform and interaction with its ecosystem, do you consider that the cryptographic culture can dominate the entire financial system worldwide?
1.- Hello FNDZ, I understand according to what I can read on your page that it is a DeFi copy trading platform, but to which copies the platform may have the right to copy and what is the level of performance and confidence when using this method How safe is the copy trade and how to better understand these points, tell us more about what the FNDZ platform is and the recommendation that you, the creators, can offer users to understand more about the FNDZ platform.
2-. Where can I buy the FNDZ token and what is its value since I did not find any information about the value of the token, what is the functionality of the token within the platform? Can we have some profitability commission, what percentage do we receive when betting the token and in which of the 4 fee models, can the FNDZ token be used? can offer us more information.
3.- Hello FNDZ, I see that you have a referral system, if so, what is the benefit of inviting people and what is the strategy for this system? I also wanted to know how many versions exist if in the application and in the web version. what is the difference, when using one from the other and how is the safety of the users. how important the community is to your project. tell us about these important points
Copy trading is a long-established business model present in mainstream platforms such as eToro, ZuluTrade, etc. The magic of copy trading, is that isers literally copy the positions of a successful trader, with very minimal knowledge required. What are the requirements to be a copy trader in FNDZ, regarding the amount of money that needs to be invested, how much of the earnings are shared with the trader, and what is the minimal amount to withdraw? how many traders are part of the copy trading platform?
There is a referral program in FNDZ, one referral link can be created per trader. The promoter can share this referral link with new traders. How much is the commission that a promoter can earn by each new user that joins through its link? What other benefits can promoters receive?
You say that FNDZ “is governed by multiple audited smart contracts that will prevent losses due to hacking”, but just by auditing these contracts, you get guarantees that there will be no scams? if so, then why have other projects suffered losses due to hacker attacks if their contracts are audited?
It catches my attention that FNDZ is a copy trading platform, but what do they really mean by “copy trading”? Will this be a specific type of asset? Or is it simply copying a strategy used by other traders?
It strikes me that you relate trading operations with the power of social networks, where the trader can become an Influencer, but will it be really simple? will it be just sharing my trading strategies and that’s it? or will it be other guidelines to become an influencer?
I could read that FNDZ is a platform that is suitable for both “beginners and experienced traders”, but really what features and tools does your platform have that can help amateur traders and in turn can benefit more specialized traders?
If the third quarter of the year is really over, then why is your roadmap not completed your scheduled activities? Could it be that they need to update their roadmap? Or is it that for other reasons you could not complete them?
I could see that they have a secure bridge between the BSC and ETH network, but could you tell us a bit about what it makes “more secure” than other bridges? And also, do you plan to incorporate bridges from other EVM chains?
It caught my attention that they will also implement “Trade Challenges”, which will reward the best traders, but will you really need to meet any guidelines to participate in it? or just operate and now?
Another feature available to traders on FNDZ is the Advertising Option; where traders with limited number of followers, but have a stellar trading performance could advertise their successful trading records in a bid to attract more followers. As traders look to apply this option, can you tell us the processes required to set up a good trader ad on your platform, what are the associated advert fees payable by the trader, are your advert services available in various varieties, and asides adverts, what ways will FNDZ help traders grow their reputation and attract followers & investments?
In Q3 of 2021, it was set that FNDZ will release an Alpha Version of the application. Since bugs are inevitable in all applications, how will you take account and respond to bugs reported in the Alpha Version? Will users be incentivized for reporting bugs? How can the users contribute to the well-being and improvements that needs to be done in-app? In special cases such as bugs in trading, how will you take accountable if ever it was reported to have bugs and errors in trading that affects the user’s funds?
One of the most important elements of a project is interoperability and its flexibility to adopt. In your roadmap, it was said that there will be an ETH BSC bridge. This increased FNDZ’s interoperability. However, the increasing number of various chains have resulted in users having diverse and wide variety of choices for their funds. Do you have plans to add other chains in your ecosystem as well? With the power of Blockchain technology, how will you stay flexible for all situations? Do you intend to make the project a multi chain platform?
Copy Trading is now the evolution of trading as it slightly takes over the traditional way of trading. As many people become more and more interested in trading, many are struggling to understand on how trading actually works and how they earn in trading. That’s why this issue is resolved by the tool, Copy Trading. However, do you still intend to educate users to trade traditionally? As a trading platform, how will you plan to preserve traditional trading?
Hello FNDZ team! I read that traders will be able to buy advertising space with their own FNDZ tokens to market their performance to users on the platform, in this way traders can increase followers and reach more and more users. There is something that makes me curious. Where will those FNDZ tokens that traders have to pay in exchange for advertising go? Will those tokens remain in circulation? Thank you!
I read on the FNDZ website that you organize weekly new trading challenges, in these challenges top traders compete with each other to win a prize pool refreshed every week. What are the conditions to be eligible to participate? How much is the prize that traders will receive? How many winners will there be each week? Will the prize be divided equally between the winners or will the first place winner receive a greater amount of the reward? Will the prizes be awarded in FNDZ token? Can the same trader be a winner in two consecutive weeks?
FNDZ allows traders to set their own fees for every copy trader who wishes to gain entry into their vault. This fees are called Management fees, and are shared equally amongst the trader and FNDZ platform. Even as this fee are a rightful compensation to traders in direct relation to their services, what are the factors that determines the kind of fee structure that a trader can set, how would FNDZ ensure that traders don’t set bogus fees that don’t commiserate with their trading skills, and how does FNDZ account for it’s share of this fee, how is it utilised in the platform?
FNDZ IDO will be launched on 14th of September on TrustPad with 2,000,000 $FNDZ tokens. Could you please elaborate more details about your upcoming IDO on TrustPad? Why did you focus on TrustPad for FNDZ IDO launch while many Launchpad are in Crypto Sphere currently? How many spots will you allocate to this IDO? What is the price of single $FNDZ token in IDO? Should users follow KYC protocal to be whitelisted? Will there be bot prevention actions to eliminate scam whitelist processes? What will be the purposes of the funds which are collected from this IDO? And also I heard about Whitelist Competition along with this IDO. Can you tell us, How will we win a whitelist spot by Participating to this competition? When will it last? What are the rules, you imposed on this whitelist Competition?
Though you have promised to incur low fees, I found bunch of fees called Performance fee, Management fee, Creation fee, Transaction fee, redemption fee & referral fee. What are the main purposes of these bunch of fees? Should every users pay these fees? Can give more description about this fee system within FNDZ platform?
Main function of FNDZ platform is providing Copy trading to avoid unnecessary risks of investments. Does this mean, it’s not required to do Technical analysis in trading charts anymore? As a trader myself, I know how it is difficult to get profit through a trade in a beginner stage. Will you add world Class traders to trade in FNDZ platform So that Newbie traders can take profits without any risk, Uncertainty? What kind of privileges will you offer to top Class traders on behalf of trading on your platform? Are there any terms & policies regarding Copy Trading in FNDZ platform?
When I researched on FNDZ team, I could found details of 20 members & they are skilful members in Different fields. Before starting the FNDZ, Did you guys work together in multiple projects? Do you have a office to work together or Do you work remotely? The team work takes place behind a every successful project. Does your team also give their priority to the growth of FNDZ platform? What is your attitude about your team members & the dedication that they put in to FNDZ project? Do you increase the number of team members So that Some users those who are interested on FNDZ, Can join to Core team of FNDZ project?
In Q3-2021, Your Roadmap shows that FNDZ smart contract Audit will take place in FNDZ project. What is the current progress of the audit process in FNDZ project? Who will audit your smart Contract, Will it be Hacken or Certik? And also FNDZ launch their IDO on TrustPad on 14th of September. So Is it ok that the launching of IDO will be held without a proper audit of your Smart contract? What are the possibilities, that users can assure the FNDZ project without audit report by reputable audit platform?
FNDZ appears to create insurance for assets moving across chains to protect against operational, counterparty, and network risks by deploying a bridge system with BSC & ETH. Can you tell me about fees & taxes for using this bridge network? Will this bridge support more currencies which are already listed on BSC exchanges & ETH exchanges? What kind of functionalities, will this bridge network offer to the traders to facilitate more tradings? When will you add more chains like Polygon, Solana network in to Bridge network?
Does FNDZ helps a newbie achive success in a cryptomarket?
How FNDZ are planning takes over the Earth?
According to your medium article that the BSC/ETH bridge will offer insurance for assets moving across chains to protect against operational, counterparty, and network risks. So,is this insurance is applicable to anyone who will bridge BSC/ETH? How can anyone avail this insurance? Do you have any third party partnership or insurance company that you collaborate to help realized your insurance offer? If us,what insurance company is this? Aside from insurance with BSC/ETH,do you also offer insurance with other services you have in your platform? If yes,what other services of Funds that include insurance? Thankyou
The FNDZ platform has a variety of fees which are the management fee, performance fee, creation fee and redemption fee so can you explain each fees and what kind of transaction being charged each fee? How much would be the percentage of each fees? Which fee is the most essential in charging in your platform? Do you also offer some discount or promotion for each fees? Thank you
Is there any minimum deposit for start copy Trade at FNDZ?
How many long did the team will work to develop smart contract and Team expansion
How secure FNDZ Token is? And how the Team work on the security to secure the FNDZ Token
What did FNDZ Token have to attract people which other token don’t have?
What are the tokenomics and will there be/was there any pre-sale?