Profit Sharing is a mechanism of payment to the trader whose channel the user subscribes to. In other words, the share of the profit that the user receives from an autofollowing or copytrading subscription is not paid as a fixed amount once a month as a subscription, but as a percentage of the profits received.
There are two types of profit-sharing connection:
- via wallet
- via subaccount.
Profit-sharing via wallet means that the payment is made to the internal wallet of the Cryptorobotics platform. This method is suitable for those who trade from their personal exchange account by connecting it via the API.
Profit-sharing via subaccount is suitable for those who trade through a Binance subaccount. In this case, the service fee is transferred automatically.
Profit-sharing is available for robots, copytrading and autofollowing. For all services, the payment procedure is the same.
Let’s consider profit-sharing via wallet and subaccount using the example of the BESTCRYPTO autofollowing channel.
- Profit-sharing via wallet
Let’s start with the wallet payment option. To do this, when connecting to a channel, you need to select the appropriate Wallet tab, select an exchange and a risk strategy.
Next, we set the parameters of:
- total balance,
- number of orders,
- lot amount,
- maximum leverage (if using futures exchange),
- and % of the maximum allowable drawdown.
All of these settings apply directly to the autofollowing tool. After clicking Save settings, the Profit-sharing contract window will be displayed.
This window displays profit distribution statistics and wallet balance.
To start, you need to initially have a certain amount on your wallet, which is used as a security deposit.
This amount is calculated by the following formula:
Trading Balance * Expected Monthly Profit of the Tool * (Analyst Share + CryptoRobotics Share)
For example,
Trading balance — 5000 USDT;
Expected profit — 20%;
Analyst share — 10%;
CryptoRobotics share — 5%.
5000 * 0.2 * 0.15 = 150 USDT — this amount should be enough for about 1 month of trades settlements.
If this amount is not available, then the wallet can be deposited by clicking on the Deposit button.
IMPORTANT! You always have access to the funds in the currency wallet and can withdraw them back to your wallet at any time.
After agreeing to the terms, you need to click Start trading. If there is not enough balance to write off and debt appears, trading will be suspended.
2. Profit-sharing via sub-account
When connecting to a channel, you need to select the Subaccount tab, an exchange and a risk strategy.
To launch the tool from via subaccount, you need to follow the steps to select the settings for the tool.
Set parameters:
- total balance,
- number of orders,
- lot amount,
- maximum leverage for trading (if using futures exchange),
- and % of the maximum allowable drawdown.
All of these settings apply directly to the autofollowing tool. After clicking Save settings, the Profit-sharing contract window will be displayed.
This window displays the terms of profit distribution.
After agreeing to the terms, you need to click Start trading. If there is not enough balance to write off and debt appears, trading will be suspended.
Next, the operation of the autofollowing service starts. If you need to suspend this tool, just click on the Cancel contract button.