The advent of blockchain and crypto-enabled technologies has ushered in a paradigm shift within the global digital landscape, notably in regard to the sector’s embrace of ‘social trading’ — a concept that allows individuals to observe and replicate the trading strategies of seasoned investors, fostering a community-centric approach to investment. By bridging the gap between novice and expert traders, this unique avenue democratizes financial markets, making investment insights accessible to all, regardless of an individual’s experience.
At the heart of this burgeoning ecosystem lies a project called Zignaly — powered by ZIGDAO — a dynamic social investment platform that helps bring fund managers and investors across the world together. The project is driven by its native cryptocurrency, Zigcoin ($ZIG), which serves as a conduit for seamless, intelligent investments for the platform’s users.
A Look at Zigcoin’s ($ZIG) Ascension Journey
The financial narrative currently surrounding Zigcoin ($ZIG) in recent months has been marked by a lot of bullish optimism. For starters, the asset’s value has been on the rise over the last 60-day stretch, surging from $0.005 to $0.016 between August and September. In addition to this growth (220% approx.), it also bears mentioning that since July 13, $ZIG’s price has increased by more than 300%, suggesting a positive near-term growth outlook for the currency.
$ZIG’s value since mid-July (Source: Coinmarketcap)
Zigcoin’s monetary rise has been mirrored by a steep rise in the number of users associated with the ZIGDAO ecosystem. To elaborate, the platform’s user-centric approach has resonated with a global audience, propelling its client base from a modest 20,000 to over 500,000 in a mere year. This rapid expansion serves as a testament to not only ZIGDAO’s growing market clout but also the increasing allure of the social trading sector, which, as of the last quarter of 2021, boasted a valuation of $2.2 billion, with projections soaring to $3.77 billion by 2028.
Zigcoin’s Robust Economic Setup
ZIGDAO’s fiscal prudence shines brightly thanks to its holistic economic model, which ensures $ZIG’s sustained value and desirability among investors. For starters, its ‘Buyback and Burn’ program seeks to create scarcity and augment demand for $ZIG — primarily via the systematic buying and burning of $ZIG’s total supply. In this regard, during the first two tranches under the new buyback & burn scheme, a sizable 6.4 million ZIG Coins (worth approx. $80,000) were eliminated from the currency’s supply pool.
The program isn’t merely a theoretical exercise but one with direct benefits for all of the platform’s participants. By becoming owners of $ZIG, they are not just stakeholders but beneficiaries of the platform’s growing value, a symbiotic relationship that fuels the platform’s prosperity.
Secondly, the launch of Zignaly’s mobile app — a platform providing clients an unparalleled level of convenience by harnessing Zignaly’s full suite of services on the go — isn’t just a technological milestone but a potent revenue-generation catalyst for the platform. The app comes replete with features like a profit-sharing marketplace, expert trader profiles, and seamless deposit/withdrawal functionalities, thereby allowing ZIGDAO to accrue income in the form of fees.
Such a setup helps create a steady revenue stream for the ecosystem, with a significant portion of these funds being funneled back into the aforementioned Buyback and Burn program, bolstering $ZIG’s value even further.
Designed for Continued Success. What Lies Ahead for $ZIG?
$ZIG’s growth journey has been deeply intertwined with ZIGDAO’s continuous pursuit of innovation, as highlighted by innovations such as Z-Prime and the AI-centric Z-Score Algorithm.
In essence, Z-Prime can be seen as a bespoke crypto fund management solution tailored to cater to different stakeholders’ needs, ranging from fund managers to high-net-worth individuals. It allows for seamless management of clients’ funds while allowing them to reap the benefits of ZIGDAO’s robust back-end support. This focus on enhancing customer service while providing a platform for tailored fund management solutions reflects a nuanced understanding of diverse investor needs, setting a strong precedent in the crypto fund management space.
Complementing the personalized approach of Z-Prime is the AI-centric Z-Score Algorithm, a cutting-edge tool for ranking and yield optimization within the Zignaly marketplace. This algorithm not only sifts through a myriad of data points — to rank profit-sharing services — but also amplifies yield-earning possibilities for users, thereby adding a layer of intelligence to investment strategies.
To put it simply, the amalgamation of artificial intelligence (AI) with yield optimization embodies a future where smart, data-driven investment is accessible to all, further fueling Zigcoin’s growth narrative.