The expert social investment platform Zignaly has recently announced the launch of ZigDAO to act as the bridge between traders and investors.
Zignaly has been in the market for over 5 years and has, during that time, grown to half a million users strong to achieve the position of the world’s largest expert-managed social investing platform.
Zignaly has announced the launch of a DAO with the aim of bringing more decentralization to the project. A DAO is a decentralized autonomous organization that operates using a set of automated rules. The participation of a DAO is generally overseen by the token holders with the help of a voting mechanism. This voting mechanism and installation of DAO will enable more community participation and make Zignaly more decentralized.
What to Expect?
Following the launch of ZigDAO, Zignaly will harness the power of the platform and community to extend the range of its Web3 investments. Now Zignaly will also offer services for NFT and crypto investing without any limitations imposed by centralized exchanges. Zignaly will also incorporate metaverse real estate, DeFi staking, and LPs in the mix.
CEO of Zignaly, Bartolome R. Bordally, said,
“Our mission at Zignaly has always been about more than just broadening access to alternative assets – it’s about a passive income revolution for everyday investors. Rather than agonizing over every trade or consulting so-called ‘crypto influencers’ for help reading the tea leaves, Zignaly empowers everyone to profit off of the investment moves made by experts with transparent performance histories.”
Bartolome R. Bordally has set a target of 100 million+ transactions per month with $10 billion in TVL by the fourth quarter of 2023. Moreover, he believes that ZigDAO will generate over $3 billion or 30% in returns from the targeted TVL per annum.
Zignaly has also been active in launching potential-rich projects that add value to the cryptocurrency ecosystem, such as NeoFi. NeoFi is a crypto-investment solution designed to automatically help every scale investor diversify their investment portfolio and risks. NeoFi relies on NeoFi baskets to help investors invest in their preferred niche with a single click.