Patrons & Champions: Copy Trading Evolved

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Copy Trading allows noobs to trade like pros from day 1 Op-ed by Danielle Davis

Op-Ed by Danielle Davis

Trading is Difficult !

Bitcoin has crashed through more all time highs, and the FOMO is real. Like so many others, you want to get in on the action.

 

But trading is incredibly difficult, especially speculative trading. Did you know that the vast majority of trades are losses? Particularly for day traders and the inexperienced, failure rates are considered to be above 90%! 

You could learn how to trade like a pro...but should you bother?

After all, it’s unrealistic to expect everyone to be expert traders. 

Most people just don’t have the time, the base knowledge, or the dedication.  And learning how to trade usually requires many loses, especially early on.  

 

Not everyone is born to be an accountant, a CFO or a trader. But what if you could trade like a pro without any of the knowledge or effort?

What is Copy Trading

Copy Trading is a hands-off solution by which expert traders execute trade decisions on behalf of their backers in exchange for a fee.   A modernization of traditional Asset Managers meant to make your life easier if you’re a noob, or to give you the opportunity to grow your investing audience, and thus profits, if you’re able to provide the service.   We at CryptoArena want to build on the concept of copy trading and kick it up a couple notches with our unique “Patrons & Champions” system.

How Patronages work:

As a Patron:

  1. Select a Champion                                                                  (Negotiation)
  2. Allocate funds                                                                           (Investment)
  3. Sit back & Relax                                                                        (Collection)

Traders come in all shapes and sizes, featuring different strategies, methods & preferences.  Through our system you can either select a Champion through the Roster, or post your own custom requests to receive offers from candidates.

 

This is the negotiation stage, in which the two parties agree to the key terms of their relation (the “Patronage”), three critical factors are established in this stage: Targets, Champion’s Fee & Withdrawal conditions.

Once you’ve found your preferred Champion, you will be asked to chose the funds you would like to be assigned to copy the Champions.

 

This is a non-custodial interaction; meaning your money does not leave your account as it happens, but rather, the funds you select will be “locked” as collateral while the Patronage lasts, and “unlocked” when its settled.

As a patron you only have fees if your Champion is successful (which is why we call is a success fee).  You can collect your earnings upon hitting targets, or let it ride as you please. 

As a Champion

  1. Register in Champion Roster                                             (Registration)
  2. Get Selected by Patrons                                                       (Negotiation)
  3. Achieve Results                                                                         (Performance)

1. Register in Champion Roster

Anyone can be a Champion.  There are 5 categories of Champions: Standard, Student, High Frequency, Pro & Bot league.

2. Get Selected by Patrons

Differentiate yourself & compete for the investments of Patrons, negotiate your deals and show off your mad money makin’ skills. 

Grow your audience, grow your profits!

3. Achieve Results

Hit your targets to earn your success fee, to grow your reputation and attract more Patrons ! Take part in competitive events to win great rewards and grow even further. Champions earn multipliers to the Glory points accumulated, leading to greater shares of platform distribution income!

Unique Benefits

1. Censorship free

Anyone can become a Champion, no professional background or authorizations from us are required. Just deliver results.

2. Trust-less

Unlike any comparable service, Champions always have your best interests at heart, as they earn nothing from you if they’re not making you a profit. 

3. Earn shares of platform revenues

All Users generate “Glory Points” through fee-bearing activity, 

Points are tallied periodically into Glory Scores, 

Your score vs that of others determines your share of platform distributions.

Glory & Performance

CryptoArena periodically distributes platform generated revenue to its (active) Users. 


The Glory system is how: 

1.Trade to generate Glory Points

All fee-bearing activity (trading > rest) generates Glory Points. 

Points are tallied monthly into Scores, and everyone with a Score at the end of each period receives a share of platform revenue.

2. Glory Scores determine your share of platform revenue distributions

Your Share of profits is determined by your Glory Score. the more your grow it, the larger your share will be. Scores reset after each period.

3. Your Glory Score is a key indicator of your performance

Use it to stand out and get more investments from Patrons ! 

Conclusion

You don’t need to learn to trade, just learn to pick who to do it for you.

Join our Telegram Channel to keep up to date with all our news & offers.  

We're building the 1st S-DEX (“Self-Decentralizing Exchange”) – a market intermediary using a custom blockchain solution to transition its holding entity into a non-profit over time. Why, you ask? 
To fulfill blockchains' true purpose: so that we can redirect platform generated revenue to our end-Users instead.

Lorenzo Ferrari | CryptoArena CEO Tweet

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Lorenzo Ferrari

Lorenzo Ferrari is the Founder & CEO of CryptoArena.org, a fintech startup aiming to launch the first “Self-Decentralizing Exchange” – a secondary market intermediary using a custom blockchain solution to transition its own holding entity into a fully non-profit Foundation. 

CryptoArena distributes platform-generated revenue to its (active) Users through a game-like, social-competitive, points scoring system. Incrementally, over time, 

all the way to 100%.

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