Zignaly is a pioneering Web3 company that has a goal of unlocking wealth-generation opportunities for everyone. Pulse 2.0 interviewed Zignaly CFO & co-founder A. Rafay Gadit to learn more about the company.
Abdul Rafay Gadit’s Background
What is Abdul Rafay Gadit’s background? Gadit said:
“I have been deeply interested in addressing wealth inequality from early on, given that the top 1% hold nearly 38% of the world’s wealth, with the top 10% possessing more than three-fourths. My background includes six years at Standard Chartered Bank, where I gained significant insights into financial structures. Motivated to create more equitable wealth-generation opportunities, I David, and Bart founded Zignaly in 2018. I am now dedicated to developing a world-class infrastructure that enables developers to build cutting-edge protocols, allowing fund managers and the retail investor population to access these opportunities seamlessly.”
Details About Zignaly
What is Zignaly? Gadit shared:
“Zignaly, a top Binance broker partner, is a platform that enables everyone to generate wealth, irrespective of their trading experience or market knowledge. Our social investment platform empowers the retail investment community by aligning with the strategies of our highly trusted and vetted pro traders. Investors simply choose a trader to invest with, and when these traders succeed, the investors make money, retaining a significant share of the profits. This setup ensures that traders are motivated to perform well, as they earn only when the investors do, fostering a mutually beneficial relationship. Investors have the flexibility to reinvest their earnings or cash out as they see fit.”
Growth Of Zignaly
How has Zignaly grown over the years? Gadit noted:
“We have recorded phenomenal numbers so far. However, more than numbers, the platform statistics are a reflection of the trust the users have bestowed upon us over the years. We have facilitated more than US$10 billion in trading volume and served over 500,000 users who connect with 150+ veteran Portfolio Managers managing funds for a share in the profit.”
“Now focused on ZIGChain, our Layer1, we have partnered with credible names in the Web3 space, such as DWF Labs and UDHC Finance. It operates with EVM (Ethereum Virtual Machine) and Rust-based smart contracts, enabling developers to select the programming language and framework that best suits their needs. Such multi-language support ensures developers can leverage their existing skills to build on ZIGChain. Additionally, Zignaly is not only an FSCA (South Africa) Licensed Social Investment Platform for the new generation but also an official broker partner with leading Web3 entities like Binance, Bybit, and more.”
Differentiation From The Competition
What differentiates Zignaly? Gadit affirmed:
“We have devised a platform that lowers the barrier to crypto-trading, which was often seen as a niche, tech-intensive, complex endeavor to pursue for a normal retail investor of our times. We are easy to use and driven by our results and performance.”
“The proposition we offer is a win-win: investors follow expert traders to optimize their mutual benefits. Investors receive the best returns, while expert and seasoned traders monetize their hard-earned skills.”
“If you are interested in understanding our USP at a deeper and functional level, it is our scoring algorithm, the Z-score. This algorithm is immensely fine-tuned to identify the best possible trader based on the user’s risk appetite and return expectations. Our sophisticated technology takes care of everything on behalf of the users once it is interacted with.”
“Our operational benefits also include the fact that opening an account on Zignaly is free. Funds are held by Binance, and SAFU protection makes our security standards top-notch. We are quite proud of our invincibility, having never experienced any security breaches.”
“We have made the platform as inclusive as it can get by keeping no minimum threshold to start with. We don’t distinguish between large and small investors, offering the best service and the same opportunities to everyone worldwide.”
Future Of Zignaly
What’s coming up for Zignaly? Gadit concluded:
“The upcoming ZIGChain will be a game changer in the wealth generation landscape that we’ve lived in so far. Fund managers in our present setup suffer from a host of handicaps, including limited access to asset classes, restricted investor accessibility among others.”
“ZIGChain will be a transformative solution for these issues. It will empower fund managers with access to a global pool of investors and opportunities to deploy innovative investment strategies to build a sustainable brand.”
“The advent of ZIGChain would mean strengthened opportunities to leverage DeFi to maximize client returns, empowered by access to spot trading, perpetual contracts, and a wide array of asset classes, including RWAs, NFTs, liquid staking, lending/borrowing, and more.”
“Through ZIGChain’s interoperability features, fund managers could tap into the liquidity of a diverse range of networks. The ZIGChain Wealth Management Layer would allow fund managers to monetize their skills without needing to know blockchain programming. An initiative interface would assist them in managing portfolios, defining performance fees, and distributing profits from a single window.”
“Altogether, ZIGChain’s infrastructure would be nothing less than a magic wand for fund manager success and optimum wealth inclusivity.”
