Dear Nami community,
In order to provide more convenient trading tools for users, Nami Exchange officially launched the Copy Trade product from 2024-04-03 08:00 (UTC).
Copy Trade is a trading strategy in which a trader copies trades made by another trader (usually called pro trader / master / expert) in the market. The goal of Copy trade is for that trader to have the same position as the Master they are copying and enjoy trading profits without actively manipulating the order. The trading Master will also receive a profit share from his copiers.
When launched, Copy Trading on Nami Exchange will support Futures trading contracts of assets: BTC, ETH, BCH, XRP, EOS, LTC, ETC, LINK, ADA, BNB with per position parameters follow the General Trading Rules for each trading pair. This list will be continuously updated over time.
The following article will provide useful information and detailed instructions on using the Copy Trade product for Trading Master.
Basic information
1. Regulations for Trading Master
- A Master cannot copy the orders of another Master.
- In case an account is copying other Master, and then the account applies and is approved to become a new Master, the system will automatically cancel copying all current Masters and all existing copy positions will be automatically closed.
- Masters are not allowed to use multiple accounts to share trades.
- Subject to regulations from time to time, Masters may not be allowed to explicitly or implicitly display their social accounts in their personal profile, avatar and other places on Nami Exchange.
- From 2024-04-17 17:00 (UTC), the system will automatically cancel Master status for Masters who do not have any open copying position (including both active and pending orders) and have not generated any open copying trade within 30 days, from the time of being approved to become an Master, or from the last open copying trade.
2. Profit Share
The Master will receive a portion of the weekly cumulative profits from all copiers with the following basic rules:
Time to receive commission: 17:00 every Sunday (UTC)
Profit sharing rate: The total of 10% (*) of the Copier's actual profit (**) will be shared with Master and upline community partners as follows:
- 5% for Master
- 2% goes to the Master's direct upline partner
- 1% for each indirect upline partner level (maximum 03 levels)
(*) The profit sharing ratio may change over time with product upgrades. Nami will make an official announcement if there are changes related to this ratio. In case the Master does not have all levels of referral system, the remaining shared profits after allocation to the master and referral system will be considered as a platform revenue.
(**) Actual profit is the trading profit that includes trading fees from the underlying asset or is converted from fees calculated on other assets
For example:
Assuming the Master's profit share is 10%, the copied orders during the week have Profit as follows:
- Copy order No.1 has Profit of 5,000 USDT, Accumulated Profit of 5,000 USDT, Temporary Copiers' Locked Profit of 500 USDT
- Copy order No.2 has Profit of 10,000 USDT, Accumulated Profit of 15,000 USDT, Temporary Copiers' Locked Profit of 1,500 USDT
- Copy order No.3 has Profit of -3,000 USDT, Accumulated Profit of 12,000 USDT, Temporary Copiers' Locked Profit of 1,200 USDT
At settlement time of 17:00 next Sunday (UTC), the system will transfer 600 USDT to the Master and 600 USDT to the Master's referral system (if any).
3. Formula to calculate ROI
ROI is an index that represents the balance volatility of each Expert. This is considered one of the important indicators in evaluating the trading efficiency of Copy Trading Experts.
Within the Copy Trading product range on Nami, ROI is calculated as follows:
ROI = (Current Net Asset Value - Initial Net Asset Value) x 100 %
In there,
Current Net Asset Value = (Current Balance + Total Withdrawal) / (Yesterday's Balance + Total Deposit) * Yesterday's Net Asset Value
An example of a Master's ROI:
| Day 1 | Day 2 | Day 3 | Day 4 | Day 5 | |
|---|---|---|---|---|---|
| Current Balance (USDT) | 5,000 | 4,000 | 6,500 | 7,000 | 6,500 |
| Yesterday Balance (USDT) | 0 | 5,000 | 4,000 | 6,500 | 7,000 |
| Realized PNL (USDT) | 0 | -1,000 | 2,000 | 1,000 | 500 |
| Total Deposits (USDT) | 0 | 0 | 500 | 0 | 0 |
| Total Withdrawals (USDT) | 0 | 0 | 0 | 500 | 1,000 |
| Net Asset Value | 1.0000 | 0.8000 | 1.1556 | 1.3333 | 1.4286 |
| ROI compared to Day 1 | 0.00% | -20.00% | 15.56% | 33.33% | 42.86% |
Detailed instructions
1. Register and cancel registration as a Trading Master
Step 1: Access the “Copy Trade” interface
Step 2: Choose to register as a Trading Master
Step 3: Agree to policies and conditions and click "Register"
Cancel Master status
- Access the Copy Management interface, Copy Settings section
- Click "Cancel Master status"
Note: After Canceling the Master status, user will not be able to re-register as a Copy Trading Master for 30 days
2. Copy Trade settings
Step 1: Access "Copy Trade Management"
Step 2: Select "Copy Settings"
Step 3: Control Copy Trade on/off for each underlying asset and Futures product and "Save"
Note: After enabling the Copy Trade feature for the product and corresponding underlying asset, all positions opened from enabled time will be copied.
3. Manage Copy Trade overview information
Step 1: from the Copy Transaction Management interface, select "Information"
Step 2: View information and filter according to needs with the following key figures:
- Current number of copiers (+/- within 24 hours)
- Total profit sharing
- Expected profit shares this period
- Copier chart: Filterable by 7/30/90 days
- Profit Share Chart: Filterable by 7/30/90 days
4. Manage copier list
Step 1: From the Copy Transaction Management interface, select "Copiers"
Step 2: View and filter the list of copiers by Name, NamiID and Total Profit
Masters can filter the list of copiers according to their needs by clicking Filter icon, entering Nami ID, selecting Copy time and "Search" and can also view detailed information about a copier by selecting a specific copier in the list
5. Profits Shared statistics
Step 1: From the Copy Trade Management interface, select "Shared Profits Histories"
Step 2: View the profit shared list
Master can also search and filter by NamiID, profits shared date and underlying asset type by clicking Filter icon and can also view detailed information about a copier by selecting a specific copier in the list
Note: All images used in the article are for illustration purposes only and may not represent the latest 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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