This is a really great concept! My only worry would be the lag, if any. How soon after the trader executes an order does his/her followers orders get executed. We all know that in crypto things can be extremely volatile, and spreads between the bid & ask can be very wide. How can the system ensure that a follower, especially a group of followers, will get the same fill prices as the Trader?
Thank you! Much appreciated.
You won’t have to worry about any lag. We get the trader’s data from the exchange multiple times per second and can, therefore, execute the order within a blink.
We are planning to implement a voting system which will limit the maximum number of followers per trader in order to ensure that the followers can get the same prices as the trader. So if the trader has a really bad reputation because of the votes he won’t be able to have any followers.
Very very interesting approach! I look forward to following this closely. Thank you for your fast reply!
Glad you are interested! If you have any questions left feel free to ask us here or message us directly via Telegram.
