SOTRADE Introduction

SOTRADE
3 min readMay 16, 2021

SOTRADE is the world’s #1 DeFi copy trading platform that makes copy/social trading possible from a truly decentralized angle. Utilizing the SOTRADE platform, you will be able to copy your favorite trader’s positions without ever having to monitor the markets 24/7. Through the SOTRADE platform, you actually own your assets and have them safely stored in your personal MetaMask wallet.

SOTRADE is an open transparent platform for novice and experience traders. The goal is to one, give retail traders the chance to perform like the best traders and two, give good traders a way to monetise their performance further with a management fee and performance fee. This all happens in a decentralised environment that is trust-less, automated and secure.

Why SOTRADE?

A pioneer in DeFi Copy Trading

SOTRADE is a pioneer in defining copy trading platform which is truly retail friendly. There are no complex platforms nor vague explanations, just a straight-forward and easy-to-use platform where you can generate returns while kicking back on auto-pilot.

Control over Assets

While using the SOTRADE platform, you remain in full control over your assets. You deposit the assets in the vault, but only your unique wallet ID has access to withdraw your funds. They are always safely stored in your wallet upon withdrawal.

Easy to use

By using the SOTRADE platform you will no longer be exposed any risks you may face when storing cryptocurrencies on an exchange. This risk is fully obviated by having the assets stored safely in the vault / your own wallet.

No Exchange Risk

Due to its fully decentralized set-up, the SOTRADE platform is governed by a multitude of smart contracts (with audit) which significantly reduces the risk of being subject to third party exploitation (third party exploitation and exchange hacks).

Transparent fee Structure

The SOTRADE platform offers a fair order book (access to the DEX liquidity) which is neither made up by market makers nor tampered with in other ways. The SOTRADE order book is just a simple decentralized pool of liquidity offering a fair order distribution. Furthermore, SOTRADE has transparent fee structures, where you always know what, to whom and how much you will pay in order to copy a certain trader.

THE SOTRADE platform

Trading challenges

New trading challenges are available every week. Top traders will win a prize pool and compete with the best traders in the market.

Leaderboards

Top traders are tracked on a leaderboard. The best performers will appear on the front page and get the most exposure.

On-chain verified PNL

Profits and losses from traders are verified on-chain. Results have never been more transparent in the ecosystem.

Advertising options

If you are a trader with limited followers but stellar performance, you can also use SOTRADE tokens to advertise your track record and attract more followers.

Referral System

Community members and novice traders also have an incentive to share the profiles of top traders. When someone joins a traders vault via an invite link, 0.5% of the performance fee is paid out to the user’s wallet as a referral bonus. This is of course only applicable when the trader has a positive performance.

Tokenomics

Liquidity Tokens: 300,000,000,000 (30%)
Public Sale: 350,000,000,000 (35%)
Marketing Development / Partnerships: 100,000,000,000 (10%)
Burn Wallet: 250,000,000,000 (25%)

Website
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BEP-20 Token Tracker

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