Crypto trading is a venture a lot of people are inquisitive about. The promise that anyone can trade crypto and make money is part of the attraction. While it is true that a lot of crypto traders have made millions of dollars trading crypto, statistics show that 95% of traders fail in their trading endeavors.
Two reasons behind this failure are lack of required discipline and training to navigate the crypto market. As these challenges exist, the crypto market like the traditional forex market, is being “machinized”. Trading technologies are being created to help make it easier for anyone to jump start their trading journey.
Mizar is one of the new platforms launched with new trading technologies to make crypto trading easier especially for newbies.
What is Mizar?
Mizar is a new generation crypto trading platform that combines the expertise of crypto traders and technology to offer simple and easy to use trading experience for newbies.
With a service that has reached over 10,000 users, after its beta launch, and nine digit trading volumes, Mizar is providing a platform where crypto traders can automate their trading experience, utilize the insight of other traders through copy trading, and minimize risk of loss.
Components of the Mizar
Here are the tools and services that make up this non-custodial smart trading platform:
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Subscription free platform
Users can trade several USDT and USD pairs for spots and futures without any fixed fee or payment up front. Users are charged based on their trading volume. While users who implement copy trading, are charged concurrently with their monthly profit.
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Create, share & earn with trading bots
Another unique feature of Mizar is that anyone can create a personalized trading bot on the Mizar. The tools are provided and do not need experience coding to develop a trading bot.
Examples of bots that can be created include DCA (Dollar Cost Average) bots, and API bots (which are used to plug into their party exchanges – both CEXes and DEXes).
Once a trading bot is ready, the owner can allow other traders to use the bot and receive payment for the service via the marketplace. The marketplace is where bots can be accessed for sharing. This provides passive income opportunities for users.
Inexperienced traders can use the copy trading service from experienced traders. Copy trading is the duplication of the steps taken or trade setup by an experienced trader with the aim of making similar profit. This service reduces losses and increases the potential to make profit for newbies.
Mizar also offers a demo free account that new users can explore to learn how to trade crypto. This removes the risk of losing real assets while learning. With the demo account, any user can buy and sell crypto, implement different strategies with paper trading. It acts as a learning spot.
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Portfolio Management & D-Mizar
Under the portfolio management system, users can connect to eleven different exchanges using the APIs and also manage their assets portfolio easily from the Mizar dashboard.
D-Mizar is a combination of tools that make it easier and simpler for users to access and trade on DEXes via Mizar. Mizar started working on this to solve the challenge of difficult user experience while trading on DEXes. Mizar also has a native token known as $MZR Token.
Tokenomics of Mizar
The $MZR token will be launched on the 6th of March 2023 on TrustPad and Poolz while on the 9th of March, 2023 it will be launched on an unannounced platform. As the native token of the ecosystem, $MZR token is used for various purposes.
It is used to reward users. Based on their levels of engagement, users are incentivized with the $MZR token. Another utility is for reducing fees. Users who stake the $MZR token are granted reduced fees when they trade. The higher the staked token, the more fees are reduced for stakers.
$MZR stakers are also given an opportunity to be copied and earn money by sharing their bots. Thus, every Mizar user that stakes the token can automatically share their bots with other users, and earn.
Other advantages given to stakers include access to the Mizar Academy to learn and earn, referral commission of up to 45% for anyone a user introduces to Mizar, access to compete with top traders and earn, as well as permission to use other advanced tools on Mizar.
When launched, the token will have a total supply of 10,000,000,000 MZR, initial market cap of $1,040,714, public price of $0.0020 with 240,000,000 MZR up for sale.
Roadmap of Mizar platform
Mizar’s roadmap is divided into two stages: the supersonic phase and the hypersonic phase. The first is focused on the earlier development of Mizar platform, release of the Mizar token, beta release, and integration of Mizar with centralized exchanges such as Binance and Kucoin.
The second stage deals with all services on Mizar to decentralized exchanges with steps such as introducing on-chain bot trading and copy trading, and a multichain integration for Mizar.
Through 2022, Mizar released the private beta in February; API bots in March, Bots version 1.0 and open beta in April; DCA Bots v2.0 in June; integration with over 10 exchanges, and paper trading in September; and copy-trading version 2 in November.
Team behind Mizar
Mizar was founded in 2022 by a team of four persons with extensive experience in trading, managing teams, and developing artificial intelligence. The team self-funded Mizar at the beginning stage and has attracted 18 investors including Binance Labs, Kucoin, Gate Labs and NFT Tech raising $3 million.
According to the Mizar, the goal is to serve 5% of the current market at the end of 2025 projected at a trading volume of $3 billion per month.
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