[PRESS RELEASE – Please Read Disclaimer]
The popular trading platform TraderWagon has announced that its development stages have been completed, and it has started to accept traders. The project promised an innovative approach in which it will enable its users to interact with each other and gain mutual benefits while employing a robust and easy-to-use cryptocurrency trading platform.
Traders Are Welcome at TraderWagon
The team behind the project has provided further details on how the platform will work now that it’s prepared to accept customers. The trading venue will work with two main components – a lead trader and a copy trader.
Essentially, the former will be a more experienced trader who employs TraderWagon to showcase his trading strategies. In contrast, the latter will look to copy and learn from the more experienced counterparty.
In case users want to operate as lead traders, they will have to submit applications through the official website and deposit at least $10,000 in their portfolios.
Once they become lead traders, though, they will be able to benefit from numerous incentives. For instance, lead traders can potentially earn up to 10%, which is taken from the profits made by copy traders.
They are also able to become crypto trading influencers, which would allow them to earn additional revenue by promoting certain digital asset projects or creating personalized communities.
It’s worth noting, though, that profit-sharing will be distributed when either a lead or a copy trader exits their portfolios, meaning that the trade has to be closed.
Copy traders also have to submit applications through the website, but their minimum deposit is set at $500. Nevertheless, there’s a maximum cap of $50,000. No prior experience is needed, but basic trading knowledge could be beneficial in order to copy the more experienced lead traders successfully.
The project reassured that all funds will be safely stored on the world’s leading cryptocurrency exchange – Binance. Once the copy traders execute a trade, the funds will be moved to the TraderWagon wallet. Fund transfers are not completed on-chain, which means that the users’ funds remain on Binance.
TraderWagon intends to operate as a mutually beneficial platform for all types of traders, allowing them to interact and learn from each other. It incentivizes the free discussion of trading strategies and techniques by users, and its objective is to enhance their trading knowledge and capabilities.