One month of STF: Here’s what happened

Namaste Tribe! Can you believe that our most groundbreaking update — STF — is a month old? It feels great to hear plenty positive responses, and suggestions around it. We’re loving it, so keep it coming, tribe! 🙌

Within a few weeks of launch:

We have total 13 STFs and hundreds of investors.

With STF, our aim is to democratize cryptocurrency trading expertise for everyone, and it’s been possible by getting some pretty good traders onboard in our initial batch. We’re very careful about whom we bring onboard as an STF Trader, and have a list of checks we perform before making an STF live. Our STF listing process looks somewhat like this:

1. A trader fills up the STF Trader application form
2. We review it, go through their trading history, KYC etc.
3. We get on a brief call to understand their trading strategy
4. The trader has to invest in their own STF, and we lock some funds as a collateral
5. STF goes live 🚀

We analysed one-month’s lifetime performance of active STFs on WazirX, and here it is:

👉 XTBE: 15.7%

👉 XBSTF: 14.45%

👉 XOLO: 10.37%

👉 XFACT: 6.57%

👉 XBCK: 3.79%

👉 XNIS: 2.96%

👉 XCBT: 0.99%

👉 XSTYX: -8.93%

👉 XPRO: -13.22%

👉 XOOM: -11%

👉 XMGD: -29.2%

What do you think? It’s crazy, isn’t it? Check out the good feedback we’ve been getting for STF:

Crypto assets can be perfect additional investments if you regulate it positively and strictly! Naturally the people have to see the risks and decide based on this, but there are many good trials to reduce these risks (like WazirX stf initiative)! #IndiaWantsCrypto

— Tamas Magyar (@MagyarTams16) September 20, 2019

#STF Data @WazirXIndia pic.twitter.com/Qcb6AtQAup

— Tamil₿Tℂ ™ தமிழ்பிடீசி 🇮🇳 🦇🔊 (@tamilbtc) October 30, 2019

I've also got onto the #STF bandwagon. Picked up some shares in 2 STFs. Don't have either the knack or the time to trade… It's perfect for me… Somewhat like a #crypto #MF ❤️ @WazirXIndia

— Srini #❤️💜💚🍌🧀 (@srinigoes) September 21, 2019

We’ll be listing more STFs in the coming weeks, stay tuned. You should go for STF if you’re a crypto enthusiast who doesn’t have the time or skill to trade.

Here’s a 3-step method of investing in an STF:

1. Check out all STFs: Description, token allocation, and trading performance
2. Select the right STF for you
3. Invest in the STF with your USDT

Big news for STF

We’re bringing payouts very soon! 💰

👉 STF Traders will get a commission on the profits they make for investors. It’s a win-win!

👉 STF Trader can distribute portions of profits as payouts to investors

Another thing: We want to ensure that we only have serious STF Traders manage your portfolio on your behalf. We’ll continue performing regular quality checks, and delist STFs which are inactive or violate some important criteria.

Wait no more, start investing in STF by clicking here.

*Above content is migrated from medium to wazirx blog