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Introduce Copy Trade Product Upgrade (September 2024)
18/09/2024

Dear Nami Community,

In order to increase the convenience of Copiers and Masters as well as optimize the efficiency of the Copy Trade product, Nami Exchange officially launches the next upgrade of the Copy Trade from 2024-09-23 08:00 (UTC).


I. Roadmap

To support the launch of this upgrade, the Copy Trading product maintenance roadmap is as follows:

  • From 2024-09-19 03:00 (UTC), the Copy Trade product will stop accepting new orders from Masters (including opening new positions and adding open position volumes), Masters can still adjust open positions with additional margin, partial or full position closure.
  • From 2024-09-20 03:00 (UTC), the Copy Trade product will be suspended for maintenance and upgrade, and all open copy positions will be automatically closed. Master and Copiers are recommended to actively close copy positions before this time to not affect trading performance. At the same time, all previous copied settings from users with Masters will be canceled.

From 2024-09-23 08:00 (UTC), after completing the upgrade, the Copy Trading product will work normally, Masters and users need to re-adjust the copy trade again to be able to continue using it. Details:

  • For Masters: Set the corresponding Copy Trade balance for Nami Futures or NAO Futures Copy Trade sub-wallets
  • For Copiers: Conduct re-copying of preferred Masters and set up copy fund with each specific Master

II. New Features

1. Split the Copy Trade wallet with the corresponding copy trade balance (for Masters)

Nami Exchange add the new copy trade sub-wallet in the corresponding Nami Futures and NAO Futures wallets of Masters. All orders and information belonging to copy trade will be calculated based on the copy trade wallet balance of Masters.

To adjust balance in the copy trade wallet, Master can do it in 2 ways:

Method 1: Adjust in NAO Futures and Nami Futures wallet interface

Step 1: Access the NAO Futures or Nami Futures Wallet, then select “Copy trading”

Step 2: Select “Adjust copied balance”

Step 3: Select to increase or decrease the balance, enter the amount of assets you want to increase/decrease the copy balance, then press Confirm.

On Nami Exchange app

(Available: current balance in the user's respective NAO Futures or Nami Futures Wallet)


On Nami Exchange website


Method 2: Using the wallet transfer feature

Step 1: On the Wallet interface, select Transfer

Step 2: Select the wallets to which Master wants to transfer assets

Step 3: Select the asset type and enter the desired amount of assets, then click Transfer to complete the process.

On Nami Exchange App


On Nami Exchange Website


Choosing the trading type when opening a Futures position: Normal or Copy trading (for Masters)

In this new update, masters can easily choose between regular trade or copy trade while opening position on NAO Futures and Nami Futures. When the Master selects a specific type of trade, the system will automatically determine the source of the Wallet to take the balance as margin (from the Futures balance or from the Copy Trade Wallet).


On Nami Exchange Website

Notice:

  • Masters cannot open copy trade positions with trading contracts that do not yet support Copy Trade. When the Master chooses to open a Copy Trade with unavailable trading contract, the system will have an unsupported message pop-up.
  • The Copy Trade Wallet balance adjustment feature is only available to users who are Copy Trade Masters

2. Adding badges for Masters

The new badge system for masters will help recognize outstanding achievements and demonstrate the trading style of masters to the community.

This is also one of the signs that helps users choose Masters that suit their investment strategies and style.

Detailed information about master badges is as follows:

  • Swing Trader: Average position holding time in the last 30 days is less than 3 hours
  • Trend Trader: Average position holding time in the last 30 days is greater than or equal to 3 hours
  • High Leverage: Average leverage in the last 30 days is greater than or equal to 30x
  • Low Leverage: Average leverage in the last 30 days is less than 30x
  • Veteran: Has a minimum trading time of 90 days on the exchange and has traded over 500 positions, calculated from the time of successful registration to become a master
  • High Frequency: Has traded at least 1 position per day in the last 30 days and has a total of over 40 orders
  • Win Streak: Trade at least 1 order per day and have a win rate of over 70% in the last 7 days and the last 30 days.
  • Trading Idol: Leader of over 80 copiers
  • Flexible: Has more than 5 trading pairs with copied positions since last successful registration to become a Master

3. Add the feature of allocate Copy trade funds to Master (for Copiers)

In this update, Copiers can better manage the copy capital with the ability to pre-set the copy fund for each specific Master.


3.1 Set Copy Fund for each Master

Step 1: Access the list of Masters and select “Copy” the desired one

Step 2: Fill in the desired parameters, then enters the amount of assets you want to assign to the master in the Copy trade funds section.

On the Nami Exchange app


On the Nami Exchange website


3.2 Adjust Copy Fund

To increase or decrease the copy trade funds for trading Masters, Copier performs 2 simple steps as follows:

Step 1: Access the “My Master” page and select the master who wants to adjust the “Copy trade funds”

Step 2: On the “Details” of master information, select “Adjust funds”

On the Nami Exchange app


On the Nami Exchange website

(Image is for illustration purposes only and may not be the latest version of the product interface)


Further information:

Best Regards,

Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Nami. All trading strategies are used at your discretion and your own risk. Nami will not be liable to you for any loss that might arise from your use of Futures.


About Nami Exchange

Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of more 1000 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.
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Website: https://nami.exchange/

Download Nami Exchange app here.

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