Zignaly is a web3 AI-powered trading platform for cryptocurrencies that uses automated trading bots to simplify the process of manual trading. The platform enables the execution of trading commands without excessively requiring inputs from the user.^[1][2]

The platform allows users to open positions based on external signals and close them based on general or individual parameters. Professional traders are also compensated with a small share of profits from each user who follows their trading methods.^[3][4]

Overview

Zignaly operates a platform connecting over 500,000 users with 150+ experienced Portfolio Managers who manage funds for a share of the profits. Recognized by Binance and Bybit as a top Broker Partner, Zignaly addresses the challenge that many potential cryptocurrency traders face due to the requirements of capital, trading knowledge, and time. This has led to a growing demand for automated trading programs, known as trading bots.^[5]

Zignaly enables users to automate their trading activities by tapping into external signal providers. Additionally, users can leverage the trading terminal to develop effective trading strategies, supported by its insurance protocol token, ZIG Token.^[5]

Growth

Zignaly was initially launched in 2018 as a space for experienced traders to manage investments for newcomers. It was established by three friends — Bartolome Bordallo, Abdul Rafay Gadit, and David Rodriguez — who shared a common interest in DeFi investing. Before Zignaly, the team had worked on various other crypto startups, including Jooicer and TractionBoard.^[6]

Their collective experience led them to recognize a genuine demand for expert investment guidance. Many individuals were seeking crypto signals to assist them in making trading decisions. Observing the influx of novice traders seeking advice, the team decided to create a platform that would provide real-time guidance from successful investors.^[6]
The Founders

Rebrand to ZIGDAO

In September 2023, Zignaly revealed its rebranding to ZIGDAO, aiming to emphasize its community-centric approach. Along with the rebrand, Zignaly introduced new offerings such as AI-driven investing services.^[6]

Funding

On April 17, 2024, Zignaly made public the ZIGChain layer-1 blockchain on Cosmos. The platform also partnered with DWF Labs, Disrupt, and UDHC Finance to launch a $100 Million Ecosystem Development Fund to fuel innovation on the ZIGChain. The fund's primary objective, as outlined by the team during the Token2049 event in Dubai, is to enhance the creation of user-friendly wealth-generation infrastructure.^[7]

Additionally, Zignaly became the world’s first licensed social investment platform, acquiring the CAT-II license from the Financial Services Conduct Authority of South Africa. This Category II License is part of an exclusive, advanced set of digital asset regulations in G20 counties, making Zignaly a reliable investment platform committed to delivering unparalleled wealth-generation opportunities.^[7]

According to DWF Labs Managing Partner Andrei Grachev,

ZIGChain will allow builders to concentrate on doing what they do best: building, with wealth managers forming a layer of power users and then acting as a conduit between the protocol and its user base. This rare confluence of developers, wealth managers, and users has never been attempted at this scale and in a decentralized manner.

ZIG Token

The ZIG Token powers the Zignaly ecosystem. Being a utility token, ZIG can not only be traded like any other cryptocurrency but also utilized for various purposes, including payment for services, discounted success fees, receiving cashback on trading fees, participation in the Vault, and more.

Use Case of Zignaly Token (ZIG)

• Insurance NFTs: ZIG primarily facilitates the exchange of insurance contracts within the platform. Users can purchase insurance NFTs and utilize ZIG to claim coverage under their policies.
• Governance: ZIG holders play a crucial role as stakeholders in the governance model. In addition to early access to new features, they have voting rights to influence upcoming platform updates and future strategies.
• Platform Discounts: ZIG is also employed for covering platform-wide expenses like Profit-Sharing services, extra insurance fees, potential trade commission refunds, and other functionalities.
• Loyalty Programs: With the continuous introduction of NFTs in the crypto realm, ZIG owners enjoy exclusive access to limited-edition NFTs set to be released in the future.

Tokenomics

ZIG is the utility token of ZIgnaly. This ERC-20 token plays a role in managing certain contracts on the platform and provides ZIG holders with a stake in ZIGDAO governance. Operating on a deflationary model, the coin allocates a specific percentage of revenue for purchasing back and burning coins. With a maximum fixed supply of 2 billion, the token-burning initiative aims to reduce the supply to 1 billion over time.^[8]