About

SOTRADE is the world’s #1 DeFi copy trading platform that makes copy/social trading possible from a truly decentralized angle. Through the SOTRADE platform, you will be able to copy your favorite and best-performing trader 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.

OTRADE 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

Easy to use

No exchange risk

Transparent fee structure

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.

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.
 

Roadmap

Q42020

Q12021

Q22021

Idea lay-out

Initial team formation

Team expansion

Marketing team formation

Dev team formation

Token utilities

Token economics

Platform functionalities

Litepaper writing

Smart contract development

Web development finalization

Whitepaper finalization

Dev team expansion

Marketing team expansion

Presale (ongoing)

Design app UI/UX (In Progress)

Finalizing partnership negotiations

Finishing Tech development

Influencer campaign

Release of Alpha app

ETH <> BSC bridge

Smart contract Audit Contract

IDO / Launchpad

Uniswap/ Pancake Listing

LP mining program

Token release

Q32021

Q42021

Extended features

Further develop tournaments

Vault additions

ETH-BRIDGE functionality

Release governance upgrade

Further extension of the roadmap and functionalities
 

Tokenomics

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%)

We will lock liquidity, renounce ownership on launch and will send the link for both here. We also plan to doxx ourselves soon for the safety of the investors.

Governance

The SOTRADE token will also be used to vote on governance proposals. These will vary from fee models to hiring people for the protocol developments from the treasury funds, and any other proposal that is cast by the community.

Referral

Per trader, a referral link can be created. The promoter can share this referral link with novice traders. Each novice trader can only join a unique trader once. If the trader that the promoter referred to is profitable at the date the performance fee is due then the promoter receives 1% of the 20% performance fee.

Advertising

Some of the good performing traders might have small vaults and no visibility to a wider audience. In this case, some of the traders with a minimum of 4 weeks of a 10% performance are able to buy SOTRADE token to advertise their vault on the front page.

Security and Procedure

The SOTRADE contract composition is designed to protect users from risks on network ecosystems. The following risks have been considered.

Miner Extractable Value (MEV) and frontrunning: it is possible that savvy network participants can monitor the blockchain and obstruct transactions for a copy traders. SOTRADE takes active steps in its technical architecture to prohibit this.

Distribution of Contracts: Rather than having one contract with a high amount of authority over user activity and governance, contracts are balkanized in order to isolate addressable risks.

Bridge Insurance: The BSC ⇔ ETH bridge will offer insurance for assets moving across chains to protect against operational, counterparty, and network risks. (insure BSC<>ETH bridge)

Decentralized governance: At the beginning, control over the parameters will be managed by the SOTRADE team to help manage risk, before handing full control over to platform participants. Neither the SOTRADE team nor the governing collective will have any access to or control over users funds.[insert other risks]

Fees

The SOTRADE platform has a variety of fees. There are 4 main fee models:

5.1 Management fee

There is a management fee that goes both to the trader and the SOTRADE platform.A redemption fee is charged to a novice trader when he exits the vault.

5.2 Performance fee

SOTRADE token stakers receive 2% from the performance fee from all the successful traders realising performance.

5.3 Creation fee

When a trader creates a vault there is a fee to be paid which is automatically swapped for the SOTRADE token and burned.

5.4 Redemption fee

A redemption fee is charged to a novice trader when he exits the vault.