Selecting which assets should be in your crypto portfolio is complicated. To simplify the decision making process, we have opened up a social platform where traders can share their strategy and followers can copy the portfolios of other social leaders.
When you navigate to the social tab, you will instantly see a list of social leaders sorted by the ones that performed the best over the last 30 days.
In order to start following the portfolio of one of these social leaders, we must first select the leader we want to follow on this social leader board.
Once selected, we will be able to see the portfolio, strategy, and performance of the leader over time. If the leader has multiple portfolios, it will show each of their portfolios listed in their profile page.
This is what you see when you click on a leader in the Shrimpy Social tab. Along with being able to see the leaders allocations and rebalance period, you can also chat with the leader and see the history of changes they have made to their portfolio. (The history can be viewed by clicking the clock icon next to "Start Automation")
When you are ready to start following a leader, simply click "Start Automation" on the portfolio you would like to begin automating from the leader. This will prompt you to select your portfolio that you want to apply the automation to.
Simply select your portfolio to automate by this leader and click "Start". Don't forget to confirm your understanding by clicking the checkbox.
Introducing Follow Allocations
Following allocations is a simple idea. Similar to the way you can follow a person’s tweets, you will finally be able to follow the allocations of your favorite crypto users. Then, with a single click, you can implement the same strategy as these leaders. This will allocate the same portfolio as the leader and follow their future actions. Selecting assets like an industry leader is being reduced to a click.
Followers will have access to a powerful portal where they can browse leaders who are using the Shrimpy platform. Followers can see the allocations and strategies implemented by these experienced users. When a leader they are following makes changes to their strategy, the followers will be able to see these changes in real time.
Shrimpy will provide leaders a platform to grow their audience, build trust, and implement successful strategies. Communicating these strategies and updates to followers will be easier than ever before.
Make Money With Shrimpy
This leader and follower dynamic provides the best of both worlds. Followers will be able to grow their portfolios as a result of making better asset selections. In return, followers will be charged a small monthly fee, which is a small price to pay for these insights.
On the other side, leaders will be able to grow their funds through their followers. Shrimpy will be paying leaders for every follower they retain. Growing your followers directly translates to more money in your pocket.
Not only will the leaders get paid, but so will referrers. A portion of the fees paid by any user which registers by a referral code will get paid out to the referrer for the first 3 months after registration.
Read more about making money with Shrimpy in the following article!
The Future of Social Portfolios
These are not the only features we have planned for our social platform. There is a sea of untapped potential in the crypto space when it comes to improving the asset selection experience. As we begin to unlock the future of social, we need your help. Let us know what aspects resonate with you. Share the changes that you would like to see which can make your experience better.