Experienced crypto traders who’re willing to share their insights with others in return for rewards might want to take a quick look at NAGAX now that the platform has opened for pre-registration.
NAGAX is a new platform that’s aiming to bring the concept of “social trading” into the crypto trading space. In many ways it’s like any other cryptocurrency exchange, with more than 700 different cryptocurrency trading pairs to choose from. It offers more than traditional cryptocurrency exchanges such as Binance, with the option to trade stocks, FOREX, and derivatives.
Its social trading capabilities are the most notable difference. A lot of stock trading platforms offer social trading. Users can copy trades made by more skilled users, and thus share in the profits. NAGAX also allows crypto trading. Autocopy allows users to mirror trades made by other traders and charges a flat $1 per trade. A portion of this fee will go back to original trader.
NAGAX incorporates elements from Facebook with a social news feed. This will allow traders to discuss and share news and content, and also learn from one another.
If NAGAX wants to spread the concept of crypto-social trading, it needs more than just a handful of decent traders. That explains why it’s offering some tempting incentives for those who sign up fast. It’s offering three prizes of $USDT5,000, $USDT3,000 and $USDT2,000 respectively for three lucky registrants who sign up and also promote the platform’s launch on Telegram or some other social media channel.
It’s also offering five $USDT1,000 prizes, with the winners chosen at random from the first 10,000 people who pre-register to use the platform and also follow NAGAX on both Twitter and Telegram.
A third prize, less appealing, will be $10 in BTC for the first 2,000 users to register. This is without strings attached. In all three promotions, the prizes will be credited to user’s NAGAX accounts once the platform is up and running on March 7.
The company says that once NAGAX has been up and running it will offer plenty of educational content to new traders. NAGAX promises that it will continue to evolve and become an even more complete web3 platform with more NFT content, trading, spot, futures and staking, and much more.
Image source: NAGAX