In the ever-evolving world of cryptocurrencies, new players are constantly emerging to disrupt the existing landscape. One such player making waves in the industry is OMTrade, a next-generation crypto exchange that recently raised an impressive $6 million in its fundraising round. Today, we will take a closer look at OMTrade and the innovative features it brings to the world of social trading.
OMTrade is a revolutionary crypto exchange that aims to realign the interests of traders and followers through unique product features. By introducing concepts like same-batch transactions, monthly high watermark settlement, and a market-oriented profit-sharing structure, OMTrade envisions a more collaborative and transparent social trading experience.
Fundraising Round Details:
OMTrade managed to secure $6 million in its fundraising round, as announced on November 20, 2023. The round was led by Folius Ventures, with the participation of several other notable backers in the crypto industry. This substantial amount of funding demonstrates a strong vote of confidence in the project’s potential and the team behind it.
OMTrade’s Value Proposition:
The platform’s innovative approach to social trading sets it apart from traditional exchanges. By implementing same-batch transactions, OMTrade ensures that traders and their followers execute trades at the same time and price, eliminating any unfavorable time lags or slippage.
The monthly high watermark settlement feature is another standout offering from OMTrade. It allows followers to benefit from the highest achieved profit during each month, promoting a fair and transparent profit-sharing model between traders and followers.
Furthermore, OMTrade’s market-oriented profit-sharing structure aligns incentives for both traders and followers. When traders register profitable trades, a portion of their earnings is shared with their followers, encouraging successful strategies and enhancing the overall trading experience.
OMTrade’s successful fundraising round is a testament to the industry’s recognition of the potential behind their innovative approach to social trading. With $6 million in funding and the support of reputable backers, OMTrade is well-positioned to become a prominent player in the crypto exchange market.
As the crypto space continues to evolve, it is exciting to see new platforms like OMTrade emerge, bringing unique features and facilitating transparent and collaborative social trading. As always, it is crucial for investors to conduct thorough research before engaging with any platform or project in the crypto market.