Gate.io AMA with Zignaly-All of the Profit,None of the Work
Time: Jan 22th, 2022, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Bartolome R Bordallo,Co-Founder & CEO of Zignaly in the Gate.io Exchange Community.
Official Website: https://zignaly.com/
Twitter: https://twitter.com/zignaly
Follow Zignaly on Telegram and Facebook
Guest
Bartolome R Bordallo — Co-Founder & CEO of Zignaly
Q&A from Gate.io
Q1: Can you give us a brief introduction of the product and the team?
Tole: I am Bartolome R. Bordallo, Co-Founder & CEO at Zignaly. I am a self-learned, data-driven, serial entrepreneur with all my energies focused on the passive income revolution led by Zignaly.com.
Other than myself, we have 2 Co-Founders at Zignaly.
David Rodriguez - an old friend and a passionate entrepreneur, with whom I’ve created two successful companies. He looks after everything Marketing and Data at Zignaly. He especially helps with the data to make the most rational key business decisions.
Abdul Rafay Gadit, our Co-Founder is an ex-banker with a successful track record of starting and massively scaling several Businesses operational in different sectors. At Zignaly, he looks after Finances and Business Development.
It’s important to mention the highly passionate and energetic team of 30+ at Zignaly, operating from 11 different countries. At Zignaly, we keep our heads down and build.
About the product:
The Zignaly platform and marketplace connects everyday consumers with the world’s top, proven crypto investors in a trusted, facilitated that allows consumers to reap the expertise, leverage, and scale of top traders and funds handling their trading — in return for a portion of shared profits. For pro traders and funds, Zignaly enables unprecedented access to new sources of funds & followers, serving as scaled capital for dramatically higher profit potential. As of now, over 300 pro traders are serving 400,000+ users who have allocated USD125M+ in crypto assets.
Zignaly is now going through its biggest-ever transformation with the ZignalyDAO (Zignaly goes fully decentralized) which we feel is nothing less than a social investing revolution – our goal is simple:
‘Empower anyone and everyone, anywhere in the world, to have equal access to the same kinds of expert-managed, passive investing capabilities that were formerly only available to the top 1%.’
Q2: Can you tell us about the project’s goals and what you have achieved so far?
Tole: So I mentioned our goal going forward, but there are many goals that we’ve achieved already.
Zignaly has certainly come a long way, but there is still a lot left to cover. We thank our 430,000 and growing Zignaly users who entrusted us as their one-stop Crypto Investment management solution.
Backed by your belief in the Zignaly eco, and most importantly your feedback, we’ve come this far. Our users have invested over $125 Million with our top expert traders, who have managed to produce returns exceeding 700% this year alone.
Other than that, we’ve introduced 22 different vaults under Zignaly’s vault 2.0, distributing over $1.2 Million in staking rewards, this aligns perfectly with our “Passive income revolution”. We’ve also helped fund 3 IDO projects by raising Half a million dollars and a 3000% oversubion on the ZIGPad. On our journey, we’ve been recognized by Binance as one of their top broker partners, and by Bitmex as their trusted trading tool partners alongside coverage by top media outlets like Yahoo Finance, coindesk, Investing.com and others. But we are just getting started here.
Much like our evolution from signal provider platform to profit-sharing marketplace alongside the ZIGPad, and vaults, we continue to work on our biggest transformation to date - ZignalyDAO
It’s an out-of-the-box fresh approach to investments and passive income, expanding to the realms of the DeFi world.
The idea is to empower the investors and Traders to break the barriers to crypto investments. The ZIG coin will play a pivotal role in the evolving Zignaly eco.
To answer your question, we will continue to build and redefine economic equity for everyone in the world, and to measure that, we’ve outlined very clear objectives for the ZignalyDAO:’$10 billion TVL and 100 Million+ in transactions per month, with a 30% revenue throughput, by Q4 2023’
We’re geared up and committed to achieving our goals.
Q3: There was also an announcement yesterday from the ZignalyDAO - We’re curious as to why DAO? What is the motivation behind it?
Tole: Interesting question, Tom!
Why DAO? At Zignaly, we do not believe in boundaries, and a decentralized model open doors for limitless possibilities. Why stick to just trading when expert fund managers can help you get the best of yields, make a killing on NFTs or turn up a profit on those s&p500 synths?
All that is achievable only if we go Defi, and here we are, taking our first step towards our vision to remove boundaries from your investment portfolio. As I said earlier, our DAO-based model is not just a new product or an update, it’s nothing less than a passive income revolution that will remove the barriers to Crypto investments.
Moreover, we’ve always taken community feedback seriously, so much so that most of our products are thoroughly vetted and tested by our power users before they reach the community. Secondly, community-driven governance had always been at the forefront of our strategy ever since the ZIG coin was launched.
With the DAO, we are truly empowering ZIG holders with governance and true ownership that they deserve.
Of course, at the core of it all will be the ZIG coin, stay tuned on our socials to learn more about the mechanics.
Q4: How will investing through ZignalyDAO be different from investing through a decentralized or centralized exchange?
Tole: We envision being the platform with the big green “Invest” button
Frankly, that is everything an exchange is not. At ZignalyDAO, we want to remove complexities and turn investments into a ‘seamless experience’.
For starters, you do not find pro-traders on exchanges (especially not on DEXs) with proven track records and an organized profit-sharing marketplace. However, Zignaly is all about leveraging the expertise of these pro-traders in return for a portion of shared profits. While there’s someone looking after your financial interests at Zignaly, you’re on your own on the exchanges, where the fittest survive and the weak are liquidated. Meanwhile, the fittest lead at Zignaly while those not well-versed with investments follow them.
One window solution to all your investment needs - While exchanges cater to the users’ need to trade/swap tokens or add liquidity to pools - Zignaly goes above and beyond just that. Be it portfolio management via our profit-sharing marketplace, staking on zignaly vault, NFT whitelist raffles, or investing in IDOs on the ZIGPad, we cover it all, with the ZIG token empowering our products.
Sign up on several different platforms or on just one; Zignaly.com - its the users choice. With the DAO, we’re expanding and thinking with no boundaries in sight - expect more asset classes, investment avenues, and much more. The ideology remains the same but the reach is extended to more assets and not just confined to trading.
Top notch security - unlike DEXs in specific, Zignaly is a fully secured and protected platform. We have multiple layers of security. It’s a fair and square platform that covers all your investment needs end-to-end.
Community-driven approach - Our community is our most important asset. Zignaly is not just a platform, it’s a group of 430,000+ people on a single mission - ‘achieving true financial freedom’. With our DAO model, we plan to truly empower our community and ZIG holders, putting major business decisions in their hands alongside true ownership of the Business. The feeling of being a part of a closely-knit community is unparalleled and we understand that.
Q5: We understand the crucial role that expert traders and fund managers will play on the ZignalyDAO - how do your potential users trust these experts? Any statistics or facts that back their performance?
Tole: That’s a very important question and I am glad you asked.
I do not remember answering this in other interviews/AMAs.
To answer taht, let me first say that at Zignaly, risk management comes above and beyond the “returns” a trader can generate.
When listing a new trader/service, we assess its performance from multiple perspectives, and our top priority is how well they manage risk. Our users trust us with their investment funds and it goes without saying, the responsibility to carry out the best possible due diligence is on us. Here’s how we assess our traders: https://medium.com/zignaly/risk-managers-not-gamblers-f0c14ef36c1f
As you can see our service listing guidelines are all about risk management. As for asset custody, in its current form, Zignaly is a fully non-custodial platform based on the Binance broker program. In simpler words, a zignaly exchange account is as good as a Binance account, and the funds you allocate to traders are not withdrawable by them. As for the ZignalyDAO, we’ll share our security plans soon, rest assured that user asset security remains our top priority.
Secondly and most importantly:
Under our Profit-sharing model, Trader don’t get paid unless they perform.
They make you money, to make themselves money, as simple as that.
Also, remember that our expert traders are required to inject their own funds into their service, so their skin is in the game. Not to forget that we’re rolling out Profit-sharing 2.0 to further enhance the zignaly investing experience.
I understand mere words with no data to back them are useless, so here goes:
So here’s our top trader’s performance from June ‘21 to June ‘22
From ~300% to almost ~800%, all while Bitcoin dropped ~40% after a 100% spike, that’s some world-class risk management from our traders.
