The Social Trading Alliance Token (STAT) proposes an NFTized service 'STAT' for the subscription of a specific trader's trading details to solve the problem of existing social trading services
The infrastructure of STAT includes ‘INFO CARD (NFT)’ that contains objective evaluation indicators of traders, ‘TRADER CARD (NFT)’ that contains subscription rights of general traders, and ‘TOP TRADER CARD (NFT)’ that is issued individually by the best verified traders. Each NFT is issued to 'Klip', a wallet mounted on Kakao Talk.
- INFO CARD
Professional trader INFO CARD can be issued after KYC (identity certificate) on all social trading platforms that are partnered with STAT, and the maximum number of issuances is one. After issuing the INFO CARD, various information on the trader is stored in the INFO CARD. Traders can accumulate objective evaluation information such as education history, credit history (grade), and social activity history in addition to trading history in INFOCARD, which is open to anyone. Based on this, traders can increase their creditworthiness, give trust to subscribers, increase their value, and lay the groundwork for issuing TRADER CARD. In addition, when institutionalizing virtual assets in the future, INFO CARD will be collaborated with the traditional financial sector so that it can be used immediately as a kind of professional investment license or participation qualification for various competitions. - TRADER CARD
TRADER CARD enables real-time trading history subscription for general traders within STAT and partner platforms. A total of 5,000 TRADER CARDs will be issued, and 100 TRADER CARDs will be distributed to the market through auction at the STAT Partners’ primary market for 50 days from the time of the first issue. The card sales revenue to be distributed to the trader is paid after being settled in proportion to the number of subscribers per trader. The amount distributed is settled daily, and is paid the following month by adding up every month. In this case, the payment shall be made with the STAT token. If a trader who has registered an API with each partner meets certain conditions and is certified as the best trader, he or she can issue his or her exclusive trading details subscription, TOP TRADER CARD. - TOP TRADER CARD
TOP TRADERs are the best traders selected by satisfying certain conditions among general traders who registered APIs with each partner company, and the STAT and partner companies censor the trading details and finally select them. The selected TOP TRADERs can apply for their TOP TRADER CARD issuance through the stat platform. After the TOP TRADER CARD is sold through an auction, only users with the card have the right to read the trader's investment strategy, receive API information on the exchange, or stake assets. In addition to TOP TRADER CARD sales (agreement, 1st sale), TOP TRADERs can receive a certain percentage of sales revenue whenever their TOP TRADER CARD is resold (2nd sale) in the secondary market (P2P market).
$STAT will be the Klaytn-based utility token of the network. In the future, professional traders can share their investment strategies or various analysis reports to the STAT community for free or for a fee, and payment and compensation for paid supply will be carried out with $STAT.