When the encryption market matures, it also increases the trading threshold for novice players.

How to get started quickly and obtain the most automated and optimal trading experience has also become the direction of competition for major platforms to obtain new traffic. On the evening of January 20th, Francesco Ciuci, CEO of Mizar, was a guest in the Odaily Chaohua community, explaining in detail "Mizar, the next-generation intelligent trading platform, makes encrypted transactions easier".

The following is a transcript of the community conversation:

The following is a transcript of the community conversation:

Odaily: Mizar is billed as a next-generation trading platform where traders can search for strategies, securely allocate funds or access various trading tools. Since some users know little about the project, could you please give a basic introduction to the project (original intention, purpose, goal)?

Francesco：Mizar was founded by 4 co-founders, all of us have engineering backgrounds. We worked together as a development team at Shell Trading to develop algorithmic trading tools for oil traders. As a team of developers and cryptocurrency enthusiasts who have worked closely together for many years, we saw a huge opportunity to turn to cryptocurrency and apply our unique and rare skills to build Mizar.

Mizar is an easy-to-use trading platform that provides you with the best automated and optimized trading experience in centralized and decentralized exchanges, with top-level trading efficiency.

Allocate capital using strategies built by top traders, or gain access to a wide range of trading tools to optimize your trades. At Mizar, we want to make trading more intuitive, affordable, and inclusive to ensure everyone, regardless of wealth or industry knowledge, can participate in digital asset trading.

Odaily: Mizar has created a "documentary" market, where traders can publish strategies, and ordinary users can choose to follow orders to lower the threshold for crypto trading transactions. Can you give us a detailed introduction to the operation process of this market with an example?

Francesco：Mizar offers traders and investors the possibility to invest under a common trading strategy. This is achieved through the Mizar marketplace, where investors can search and compare trading strategies and deploy some capital, reflecting strategy performance.

Odaily: After the user chooses to copy the order, there may be situations where the trader chooses to deliberately do evil and cause the user to lose funds. What prevention and control measures has Mizar introduced in this regard? What criteria does Mizar set for the selection of traders with orders?

Francesco：Mizar has developed a dashboard of comprehensive performance metrics where investors can visualize how the strategy has performed in the past. Average return, number of replicators or assets under management can be a first indicator of the overall performance of the strategy. More expert users can use other indicators such as drawdown, Sharpe ratio, etc. to make more informed decisions.

Mizar is also working on a social scoring system where users can rate traders, interact with them, and post comments based on the experience.

At the same time, Mizar is developing an advanced system that can automatically analyze the performance of different strategies and score them according to different indicators such as performance and risk.

Odaily: I understand that Mizar will provide two professional tools, BotLabs and TradingLabs, for professional traders. Could you please introduce the specific usage scenarios of these two products in detail?

Francesco：Botlabs is a portal for anyone to access Mizars' best trading tools, built for you to automate and optimize your trades. Traders can develop simple or advanced bots to trade multiple pairs simultaneously on multiple exchanges, in spot or futures markets. We have developed a low-latency, secure and reliable infrastructure that allows traders to focus on their main needs: trading, maximizing profits and minimizing risk.

Tradinglabs is an intuitive portfolio manager that tracks and monitors all your assets across markets.

Odaily: For users, the most concerned thing is charging. How are Mizar’s related products charged? Can you introduce your charging system and relevant preferential measures?

Francesco：Compared to other trading platforms, we do not charge any subscription fees. Our users only pay for what they use, which makes us more accessible than other platforms like 3comma. In 3comma, you pay $50-$100 per month for a subscription, and following other traders costs more.

We have two different charging mechanisms:

• Users who copy a trader's successful trading strategy will be charged a performance fee, and investors will pay a performance fee based on the monthly gross profit (no profit, no fee).

• The transaction fee is a transaction fee of up to 0.06% per dollar traded. To support investors, Mizar offers the first $10,000 of trading volume per month for free.

Mizar has drawn up a Mizar holding plan. Users can reduce their transaction fees and performance fees if they hold enough MZR in their Mizar wallet.

Odaily: Fund security is another issue that cannot be ignored, especially the documentary system. How does Mizar manage user funds?

Francesco：Mizar is non-custodial, meaning your funds never leave your wallet or exchange account.

To pay fees and reward traders, Mizar has developed a secure wallet system where users can hold stablecoins or MZR tokens to pay fees or increase their STAR ranking. Security is key and Mizar is investing time and resources in developing the best possible system with certified and reputable hosting providers. Nevertheless, Mizar will build an insurance system to protect its users from any hacking or loss.

Odaily: At present, there are also some platforms that focus on automated strategy trading, such as eToro, StackedInvest, and CryptoHopper. Compared with these competing products, what are the differentiating advantages of Mizar?

Francesco：Compared with other trading platforms, Mizar has different advantages.

First, Mizar is subscription-free, which means users only pay fees when they make a transaction or actually execute it.

Second, Mizar has developed advanced yet simple services that allow users to trade or manage assets in a smart way.

Finally, Mizar is developing advanced trading tools that can be used on-chain. The level of automation on DEXs is still far behind CEXs, so we see a huge market opportunity to step in with our trading solutions.

Compared to most centralized platforms, we are non-custodial and subscription-free.

Odaily: The native token of the Mizar ecosystem is MZR. Can you introduce its usage scenarios and token economic model? What are your plans for the future?

Francesco：MZR is the core of Mizar's business model and ecosystem. Mizar developed the MZR holding project to enable its community to earn a part of the STAR ranking system. This is essential for users to reduce fees, get higher referral rewards or access advanced features or signals when trading with Mizar. Mizar is also developing the Galaxy Fund, the first community-driven fund where users can access funds simply by becoming a liquidity provider.

Odaily: According to the official website, Mizar has also set up a fund called Galaxy Fund. Can you introduce the specific situation?

Francesco：Currently, only large corporations can invest in hedge funds or advanced investment vehicles. This is usually associated with high note size and exclusive access.

Mizar's goal is to open up hedge fund services to everyone, making it convenient, transparent and non-custodial.

Investors can provide liquidity in the Mizar liquidity pool and participate in the performance of the Galaxy Fund.

Mizar reinvests some of its income in the Galaxy Fund, which is made up of the market's top trading strategies. Part of the monthly profits generated by the Galaxy Fund will be used to purchase tokens and use them to incentivize liquidity providers.

Odaily: What institutional investment has the project received so far, can you introduce the financing situation and partners?

Francesco：Mizar is backed by several centralized exchanges, protocols, products, and well-known venture capital firms. Mizar has not yet announced any investors, and an announcement will be made soon.

Odaily: In addition to the three flagship products and the Galaxy Fund, what other development plans does Mizar have in the future?

Francesco：In the first quarter of 2022, we hope to launch the MZR token and open the Mizar platform to the public with the beta release. With the launch of the platform, we will launch the Mizar Galaxy Fund.

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