Bitcoin Forum

I know of some mirror trading when forex trading is concern e.g zulutrade. What aspect of investment does your project covers and what are your criteria of selecting the traders that create the trades to be mirrored

Thanks for your question, badykvik!

Unlike ZuluTrade or eToro where members follow trading signals with slight delays, Bincentive members trade with the traders. Members place orders as soon as traders place theirs.
We also do not require members' assets to be placed on our platform. Your assets would stay in your respective exchanges' wallets and we would not have direct access.

Our investments at the moment cover the most popular crypto trading pairs but we are looking to cover traditional grounds as well.
We are currently partnered with various crypto hedge funds and are still looking to expand.

Besides hedge funds and professional teams, we run trader incubation programs such as HatchQ (https://hatchq.bincentive.com/) and run public trading competitions to find experienced/well-performing individuals. Traders must also have a positive auditable track record and go through our approval process.

This your response Traders must also have a positive auditable track record and go through our approval process has partially answer my second question because forex trading has a demo account that users can try before using their actual funds but crypto does not support such.

Is mirror Trading different from copy trade? It does sound the same to me. I'm reminded of the previous projects of same model.


They may be able to do that too by releasing test tokens to mimic the market for the demo accounts but this might just be too much of a work.

We have run similar "demo" games and competitions so far. They are based on live strategies and how our platform operates. See our Crypto Champions League (https://ccl.bincentive.com/).

One other advantage we have is that we have a relatively low barrier to entry. At the moment it's 0.03 BTC minimum when selecting a strategy.

For premier members, we also pool your funds and allow you to access tier-one crypto hedge funds.

Thanks for the question, target.

They are very similar in concept. However, our traders (including crypto hedge funds), approval process, transparency, auditability, and the core of our trading mechanism are different.

First, we do not hold your assets on our platform. They stay in your own wallets on the exchanges. In the event that our platform is under attack, your assets would still be safe. Second, you are not following a trade but mirroring it. Your trading orders are placed with the traders', not following their actions - this is huge in the crypto space since prices fluctuate frequently and 24/7.

As mentioned in the other response above, we also have a lower barrier to entry when compared to existing social/follow trade platforms. Our trading partners are vastly different as well.

We've had questions on Telegram asking about our soft cap goals.

We're funded and already in development. We've had token presales that accelerate our progress so no soft cap goals were going to define our "success" or decision to move forward with the project. We were already moving  8)

Just want to add onto our trading strategy approval process a little more.

A Bincentive certified strategy means that the trader has used his own assets to trade and create an auditable track record. When a trading strategy is deemed legitimate with positive returns, Bincentive invests in the strategy using its own funds. Given that at least 3 months of mirror trading records remain positive and stable, Bincentive would approve the strategy and provide performance records on-chain.

how many are currently registered as premier members on your platform? and where can we see the review or feedback from your customers? a legit and unbiased feedback is a good reference though..
and what other exchanges are you going to support other than bitmex and binance exchanges?

There is currently no mining involved. BCNT is an ERC-20 token and is used as stake and insurance when subscribing to professional trading strategies.

We have just launched our premium strategies recently so reviews and feedback may be limited at this time. You would be able to see the number of premier members and their total investment amount under each premium strategy. We have had the privilege of inviting our local premier members to our headquarters at Taipei 101. We realize that trust and transparency are important to our members so we will look for a solution that provides unbiased feedback for your reference.

Most of our expert traders and hedge funds trade on BitMEX and Binance so we started with these two. We will be extending our services to OKEx, FTX, and Binance futures soon. Of course, we hope to cover most market demands.