Dear traders,
We’re excited to announce the launch of an early access waitlist for WOO X Social Trading.
Join the early access waitlist now and you will have a chance to enjoy a $200 USDT headstart bonus when you begin copying a Lead Trader during the Early Access Stage.
FAQ:
Q. What is WOO X Social Trading?
A: WOO X Social Trading is a feature for users looking to diversify their portfolio or improve their performance by copying the positions of highly-experienced Lead Traders. This suits novice traders who are looking to obtain exposure to the market in a hands-off but reliable way, as well as for experienced traders who wish to further diversify their trading portfolio.
Please note that all trading involves risks, including the loss of principal. The performance of Lead Traders in the past does not guarantee future results. Users are advised to conduct their own due diligence and consider their financial circumstances before engaging in social trading.
Q: What is the purpose of the Early Access Waitlist?
A: WOO X Social Trading is currently in its final testing stages. By joining the Early Access Waitlist, you will have the chance to test the platform during the exclusive Early Access stage. Only 200 users will be randomly selected to join the Early Access stage.
Q: How do I join the Early Access Waitlist?
A: Simply click on the 'Join Waitlist' button on this page to be enrolled into the Early Access Waitlist.
Q: How are the users selected for the Early Access stage?
A: 200 eligible users who have joined the waitlist will be randomly selected. This selection process is subject to WOO X’s full discretion. Only 2C users are allowed to join this activity. For more information on eligibility, please refer to this article.
Q: What do I get for joining the Early Access stage?
A: Users who successfully join the Early Access stage and complete the required tasks will get a $200 USDT headstart bonus. For more information on the tasks and rewards, please refer to this article.
Q: How will I know if I've been selected to join the Early Access stage?
A: You will receive a 'Confirmation Email' and notification before the start date of Early Access stage, to confirm your eligibility. If you did not receive the ‘Confirmation Email’, you’re not eligible. In this case, you will instead receive a ‘Thank you Email’ with further updates on the official public launch date.
Q: Is WOO X Social Trading available on desktop?
A: No, WOO X Social Trading is currently only available on the WOO X mobile app on iOS and Android. Support for the desktop app will come at a later date. Follow us on X for updates.
Q: When is the public launch of WOO X Social Trading?
A: The public launch is expected to begin after the Early Access stage. More details will be announced soon.
Q: What are the risks involved with WOO X Social Trading?
A: Social trading on WOO X involves substantial risks that users should be aware of before participating. Such risks include but not limited to:
- Market Risk: Financial markets are volatile and can move significantly in short periods, affecting the performance of trades, including those copied from Lead Traders.
- Performance Variability: Lead Trader performance can vary greatly and past success does not guarantee future results. The strategies that worked well in the past may not necessarily produce the same outcomes in the future.
- Counterparty Risk: There is a risk that Lead Traders or other participants may fail to fulfill their obligations. This includes the risk of financial failure or operational errors.
- Liquidity Risk: Under certain market conditions, it may be difficult or impossible to execute trades at stipulated prices, which could affect trading results.
- Risk of Over-reliance: Relying solely on the trading actions of Lead Traders may limit your ability to react to market conditions independently and appropriately.
- Systemic Risk: Technical issues, such as software glitches, connectivity problems, or platform outages, could impact the execution and management of trades.
Regulatory and Legal Risks: Changes in regulations or legal standards in the jurisdictions in which you trade can affect the legality or profitability of trading strategies.
For more information on risk mitigation, please refer to this support center article.
Disclaimer:
The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal advice or professional advice of any kind.
While the WOO X team might have undertaken screening procedures for selecting Lead Traders, we do not endorse or guarantee the performance of any trades. Users are responsible for their investment decisions and should consider their financial situation, investment objectives, and risk tolerance before engaging in social trading. We recommend users seek independent financial advice and read our detailed risk disclosure available in our support center before starting to use the social trading feature.