Diksia.com - Are you interested in crypto trading but don’t know where to start? Do you want to learn from the best traders in the industry and copy their strategies? Do you want to join a community of like-minded crypto enthusiasts who share their insights and tips? If you answered yes to any of these questions, then you should check out TraderWagon, the ultimate social trading platform for crypto lovers.
What is TraderWagon?
TraderWagon is a social trading community app available on Android that connects expert and novice crypto traders. It allows users to explore and copy trades from over 1000+ lead trading portfolios managed by a growing number of traders from all around the world.
TraderWagon aims to be a platform where both investors and traders can interact and gain mutual benefit from one another. Trading strategies and techniques are freely discussed by users on the platform with one objective in mind — increasing everyone’s trading knowledge.
TraderWagon uses Binance’s Single Sign-On API, allowing traders to use their Binance account log-in to conveniently and securely create their TraderWagon account and manage their copy trading portfolio. All trading continues to be executed on Binance Futures’ platform. Funds remain securely kept on Binance and profits are credited directly into traders’ Binance accounts. This means traders do not incur any transfer fees or risk misplacing funds due to manual error.
How does TraderWagon work?
There are two main roles on the TraderWagon platform: the lead trader and the copy trader. In basic terms, a lead trader is a more experienced trader who uses TW in order to showcase his trading strategies, while a copy trader will look to lead traders for experience and quite literally “copy” their trades. Understanding both of these roles provides a solid understanding of how the whole TW ecosystem works.
Lead Trader
To become a lead trader, you have to submit an application through the official website. However, a deposit of 10,000 USD is required to activate a portfolio as a lead trader. At the moment, a single trader can only open two portfolios on the TW platform. Some of the benefits of becoming a lead trader are the following:
- Lead traders have an earning potential of up to 10%, which is taken from the profits made by copy traders. In simple words, if a copy trader earns $10,000 profit, the lead trader can get up to $1,000 due to TraderWagon’s profit-sharing model.
- A lead trader can choose to become a crypto trading influencer. This can give them the opportunity to earn additional revenue by promoting crypto projects and also create their personalized community and engaged fan-following.
- The profit-sharing is paid out when either a lead trader exits their portfolio or a copy trader exits their copy portfolio. This means that the trade has to be closed for the profit-sharing to be delivered to the lead trader from the copy trader’s profits.
- The earnings of a lead trader entirely depend on the number of copy followers they have — more copy followers means more profit-sharing. Lead traders have to make sure that their trading knowledge is being shared in the TW community and they are providing actual value to their copy traders. This will automatically gain them copy followers over time.
Copy Trader
Just like becoming a lead trader, if you want to become a copy trader, you have to login and submit an application on the official website. A minimum deposit of $500 and a maximum deposit of $50,000 is required to qualify as a copy trader on the TraderWagon platform. The benefits of becoming a copy trader are as follows:
- No prior experience is required if you want to copy other traders. You can simply browse through the portfolios of the lead traders and choose the ones that suit your risk appetite and trading goals. You can also filter and sort the portfolios by various criteria such as performance, popularity, trading style, etc.
- You can copy multiple lead traders at the same time and diversify your portfolio. You can also adjust the copy amount and ratio according to your preference. You can also set your own take profit and stop loss levels, as well as partially close positions if needed.
- You can learn from the lead traders by following their trading activities, watching their live streams, reading their posts, and interacting with them via chat. You can also get access to exclusive market insights and analysis from the lead traders and other experts on the platform.
- You can enjoy the benefits of trading on Binance Futures, which offers over 250+ contracts, one of the best liquidity and matching engine in the market, and low fees. You can also withdraw your funds anytime without any hassle.
What is the TW token?
The TW token is the native utility token of the TraderWagon platform. It is an ERC-20 token that runs on the Ethereum blockchain. The total supply of TW tokens is 1 billion, of which 30% is allocated for the public sale, 20% for the team and advisors, 15% for the ecosystem fund, 15% for the marketing and partnerships, 10% for the liquidity pool, and 10% for the reserve fund.
The TW token has various use cases on the platform, such as:
- Paying for the trading fees and getting discounts
- Staking to access premium features and benefits
- Voting for the governance and development of the platform
- Rewarding the lead traders and influencers for their contributions
- Participating in the community events and activities
The TW token is expected to launch in the first quarter of 2024, along with the TraderWagon web app and the iOS app. The token sale will be conducted on a reputable launchpad platform, and the details will be announced soon on the official website and social media channels.
Why should you join TraderWagon?
TraderWagon is more than just a social trading platform. It is a community of crypto enthusiasts who share a common passion and vision for the future of the industry. By joining TraderWagon, you can:
- Enhance your trading skills and knowledge by learning from the best traders in the world
- Earn passive income by copying the trades of the successful lead traders
- Enjoy the convenience and security of trading on Binance Futures
- Access a variety of trading tools and features to optimize your performance
- Be part of a vibrant and supportive community that helps each other grow
- Have fun and make new friends along the way
If you are ready to take your crypto trading to the next level, download the TraderWagon app today and start your journey. You can also follow TraderWagon on Twitter, Telegram, and Medium for the latest updates and news. Happy trading!
