Copycat Finance is a copy trading and copy farming platform on the Binance Smart Chain. Copy trading, commonly referred to as social trading, is a method of automating one’s trading by replicating (copying) the trades of other traders. The platform has a copy trading engine built on DeFi technology that automatically copies trading portfolios of master traders. (Master trader is a name for an experienced trader.) Copy trading allows users to fund lucrative strategies of master traders from all over the world.
The platform also allows users to learn the harvesting strategies of the top yield farmers worldwide, even if users don't have any prior experience. Users can utilize filters to find suitable strategies according to their risk capacities and funds to earn profits. The platform also offers the Masterchef Contract, which controls the minting of tokens, liquidity pools, deposit fees, and other components. (Minting is the process of validating transactions, creating a block, and recording the transactions.) Also, master traders and master farmers of the platform can select NFTs as their avatars.
The platform plans to launch a new core engine in the future called Copycat V.2 to support traders. The latest version allows master traders to select trade tokens, farm LP (liquidity pools), and single tokens separately and together.
Additionally, a user can enter the platform with a single token. The system automatically converts that token according to the user's followed master trader or manually adds various investment tokens to be the same as the master trader’s.
Copycat Finance means to safeguard all users of the platforms from whale manipulations (whales are experienced, large traders). Users can harvest their profits after staking or farming rewards every three days. The platform gives out rewards unpredictably, aiming to shock whales and prevent them from taking advantage of the first-come, first-serve mechanism.
COPYCAT is the native governance token of Copycat Finance that is used to pay the registration and other fees. The token is also staked to earn rewards.
