AMA Recap Crypto Library with CopyCat

 


On 6th September 2021, CopyCat conducted an AMA in the Crypto Library Community. Our guest is Nicholas J. Lots of questions as usual from the Community about CopyCat progress. The CopyCat team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into CopyCat.

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?
 
Nicholas J (CopyCat) : Hi Crypto Library community, I am Nicholas J. , the master of all traders from Copycat Finance team. Nice to meet you guys again, I am very excited to share our top most innovative project on DeFi with you guys. I hope we have a great time today. If you have any questions please feel free to ask me about our project at any time.
FIRST SEGMENT (HOST)
Crypto Library Team : What is CopyCat? and is the story behind the CopyCat project creation?
 
Nicholas J (CopyCat) : Copycat Finance is the #1 decentralized COPY TRADING and COPY FARMING on BSC where investors can meet the innovative social trading and revolutionized farming solution. They can connect with the multi-strategies pool of master traders and master farmers, or become the legendary masters of their own trading strategy to boost their income as double.

We believe that social trading is an important key to merge both newbie and professional traders altogether. Everyone can also become a legendary trader or join other master traders to earn profit from their strategies. As a master, you can set up your desired charging fees in $COPYCAT tokens based on your trading performance or your confidence. The idea behind copycat is we want to apply the wisdom of the crowd to increase stability and select the best trading strategy among great traders all over the world.

However, we also provide yield farming where investors can enjoy the benefit from staking or providing liquidity pools. Copy farming will be released in Q4, we are implementing it and make sure all the incoming features serve the best for all investors. Moreover, our team is ready for all technical and marketing and ready to grow worldwide.
 
Crypto Library Team : Could you tell us about the Copy Trading and Copy Farming in CopyCat platform?
 
Nicholas J (CopyCat) : For the project (Copycat Finance), we have 3 main unique features:
 
1. Copy Trading: this feature imitates the master trader and follower as a trading pool where followers can select to copy every trading strategy of the selected Master and invest the specific amount of funds into those Master pools. Master can manage the trading style, setting up the charging fees for those incoming followers based on the trading performance or his/her confidence. Master can earn benefits instantly once there is a follower copy or join into a master pool. There are 2 models that master can select to charge; fixed fees or profit-sharing. Followers can deposit/withdraw their funds at any time without any obligation.

2. Copy Farming: It is similar to copy trading, but it is applied in yield farming instead. Followers can select the Master farmer's strategy who farms in the various farms all across the network. The daily reward (APR) and strategy of Master farmer will be shown on our platform where people can select to copy, once they are selected, funds will be automatically allocated to those farms the same as Master's farming. Followers can enjoy benefits easily like "Sit back and earn money".

3. Yield Farming: Copycat tokens are very attractive to investors because of their use cases. Yield farming is another way that investors can stake $COPYCAT to earn more tokens by providing LPs or joining pool staking, they will easily earn $COPYCAT tokens in return.
 
Crypto Library Team : Please tell us about $COPYCATPRE token ! What are the token use-case, distribution, and where we can buy it?
 
Nicholas J (CopyCat) : For $COPYCATPRE token, it is our presale token, investors can swap to the official $COPYCAT token in the ratio of 1:1 on 8th SEP.

$COPYCAT token is the main utility token/ governance token of the copycat platform. It will be used as a Master trader registration fee, follower deposit/withdrawal fees, NFTs, and joining many trading competitions. Also, you can stake copycat to earn many huge rewards.

We stabilize the tokenomics by many supporting use cases of $COPYCAT token. $COPYCAT token valuation will be truly based on the value of the network which is growing up strongly. $COPYCAT's holder can enjoy the benefit from all Copycat innovative products such as Copy Trading, Copy Farming and many more.

If you'd like to buy $COPYCATPRE, $COPYCAT token, please see detail below:

Now we are having an IDO with ApeTools:
IDO: https://ido.apetools.co
Join IDO:  
https://ape-tools.medium.com/ido-copycat-decentralized-copy-trading-platform-4e6d3e19a2a6
For public sale, we will be official listed on ApeSwap Finance at 2:00 PM UTC, 8th September. Farming and Copy Trading will be launched right after the listing.

At ApeSwap, we will have pool staking reward with them as well. It's very excited to be their partner.
 
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans?
 
Nicholas J (CopyCat) : For our roadmap, in Q4 we will be launching all the main features, so everyone can try our innovative products. Everyone is welcome to join our Copy Trading features and can apply for being master traders as well. You can check out more roadmap on our website: https://copycat.finance.

Currently, we have successfully implemented a copy trading system, yield farming, asset allocation, referral program, master trader registration, multi-adapter trading tools, and multi-router trading. However, copy farming is in a current development stage but we have prepared everything already. We are now having a IDO with ApeTools, the whitelisted will be ended soon, you guys are welcome to join before it's loaded.

Next step, we will be listing on ApeSwap right after the IDO [8th SEP]. Every feature will be launched after the IDO as planned. In Q4, there are many incoming features like copy farming, trading tools, trading competition, leverage trading, or even an order book system. Please stay tuned, you will see many secret features.

CEX listing is one of our plan in this Q4 as well. Moreover, we are now joining Binance Lab Incubator Program of Fall 2021. Let's cheer us up 💪💪
SECOND SEGMENT (TWITTER)
Crypto Library Team : a lot of new projects have a lack of liquidity, especially on their early days, resulting in extreme volatility & price impact of the token. So as a fresh Platform too, whats CopyCat solutions for this & what makes your Farm Platform different & unique from others?
 
Nicholas J (CopyCat) : For copycat platform, our team got many high experience DEX engineers who're expert on this. And we are working closely with global partner about AMM solution. Our kickoff LPs will be high enough to support our communities and investors. Moreover, we will be launching our farming to give extra rewards to all liquidity providers for our platform, it will be another great opportunity for investors.

We are not a yield farming based platform, we are innovative based platform with many product use cases to support and stabilize the price engine. We have Copy trading, Copy farming and NFTs to support our Copycat Crews, they can make a lot more profits rather than just farming as usual.
 
Crypto Library Team : According to the CopyCatFinanne website it's easy to start cultivating yields without any prior knowledge, apart from filters to find strategies that suit your risk appetite, do they offer advice that gives new investors the confidence and security to invest funds?
 
Nicholas J (CopyCat) : In DeFi world, it still requires a lot of knowledges to go and it's consider as high risk product. So we ensure our communities and investors by having top tier auditors to help us secure our project before the launch.

There are Certik and Paladinsec who've been working closely with us and they performed tons of testing on our smart contracts to make sure there is no vulnerability left.

On our communities, we are here to support all of the investors (both newbie and professional), we are here to bridge the gap between them with our awesome features. Please feel free to join our community as you wish
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : Do you have tutorials videos so that we can know your Project More clearly or Do you have a YouTube Channel or something?  Can you share it With Us???
 
Nicholas J (CopyCat) :  
💎  DEMO: Copycat Finance How to apply for Master trader
https://youtu.be/uy3fcNcL76c

💎  DEMO: How to start copy trading
https://youtu.be/JD5EhBQscZk

For more detail: https://copycat.finance

 
Crypto Library Team : I am Curious about COPYCATFINANCE . Can you tell us about the revenue model of your project and how your project generate profit? Does your project also provide a platform for Dex, STAKING and Farming in future plans? To increase profits for token holders?
 
Nicholas J (CopyCat) : Our revenue model is a profit sharing from Master trader charging fees in term of (60/40). But it won't affect to those investors or followers. However, it's not our revenue directly, we will always give back to community with buy back and burn event, community rewards and many more. We got farm/staking on our own copycat platform and ApeSwap Finance. 
 
Crypto Library Team : Do you have Whitepaper if yes please share it with as secondly do you have plans for pre-sale? Now where can we Join it???
 
Nicholas J (CopyCat) : We provide documentation: https://docs.copycat.finance

We are now having an IDO with ApeTools, please check out and join before it ends

After that on 8th Sep, we will launch our product and token will be listed on ApeSwap officially. You can join our journey to the moon :)
 
 
Crypto Library Team : In CopyCat high yield farming, I noticed multiple currencies such as $COPYCAT, COPYCAT-BUSD & COPYCAT-BNB etc.. Could you please elaborate more informative facts on these multiple currencies & high yield farming strategy? 

Nicholas J (CopyCat) : In our farm, we have many LPs farming provide to all the liquidity providers.

You can set up LPs by creating LPs on ApeSwap Finance using $COPYCAT and $BNB altogether or $COPYCAT/$BUSD. You will gain huge rewards once staking on our copycat platform.

For $COPYCAT token, we will have staking pool as well. With extra multiplier, you can get more $COPYCAT and use it for COPY TRADING

 
Crypto Library Team : Do you have a Coin Burn / BuyBack system or a token burn plan to increase the value of tokens and attract investors to invest?  
 
Nicholas J (CopyCat) : We will have many buy back and burn event for stabilizing our circulation. But it's gonna be the secret :) You need to stay tuned for the update.      

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