This Platform allows you to trade $250,000 of THEIR money in Crypto!

Hey everyone, James Pelton here. I am with Danny from Foxify and we are excited to talk about the funded program. So this is well, I'm going to let Danny tell you about it here in a minute. I don't want to spoil any of the surprises. But again, there's not a lot of crypto stuff that I've been bringing on to the channel. You've noticed because there's not a lot of stuff that I'm excited about. I get eight or nine different pitches probably a day with different ideas and they're all just terrible. Okay, keep sending them my way. But I if I don't bring on the channels because I don't think you're very good, but Foxify what they're doing. I'm excited about I think this could be good for my audience want to bring it here presented to you. Nothing we say is financial advice, but want to bring it to your attention. So without further ado, Danny, can you give us just a quick introduction of yourself? Maybe just a few sentences because we've we've heard a lot from you in the past. We don't need your life story, but just a little bit about you and then we'll talk about Foxify. Then we'll talk about funded. I love the fact that you're heading off one of my 10 minute answers before it begins. You got to do it. Yeah, so I'm Danny male 40. I know you wouldn't believe it from the UK and look that I'm founder of Foxify Foxify, you know is is the first decentralized perpetual stacks and prop trading application where you can get access to funds to trade that aren't yours and earn 80% of the profits just by trading on the platform. Okay. Love that. It's short and sweet. That was brilliant. I love that. So can you kind of explain you kind of teased it a little bit there, but can you kind of explain to us? What is this mean to people who've never heard of prop firms and they've not had experience with this before? It sounds kind of crazy. Honestly to a lot of people. So can you kind of explain how exactly this works? Why you guys started doing it and just tell us a little bit about this this new funded program. Yeah. Yeah, absolutely. Sorry. I've got I don't think it's not the right camera. I know it's the light is really bad and I blame the production team. You're not a professional YouTuber. So your light doesn't. Yeah. Yeah, and it's not it's not picked it up at all. Actually. No wonder if anyway, let's not do this live and a is just going to be a bad image. So I actually look like 22 normally, but look, I think actually I think I think a good a good prompt would be to go back to the video that I did with James before funded launched. I think that was a really good intro. Yeah. Well, I don't I don't want today to be a repeat of that but in a nutshell look what is prop trading? Yeah, you know, you see let's just dumb it down like really dumb it down. You see these ads and they say James I'll give you a million dollar account for $500 right or James trade with us and we'll give you $100,000 account. You become a we're looking for pro traders like you James how realistic does that sound? It sounds too good to be true and unlike anything in life it is because it really is right and and ultimately what these companies are doing because nobody in their right minds would give a stranger off of the street $100,000. I know James. I love you. You're a great guy, but I wouldn't give you $100,000 especially if I didn't know you at all and and allow you to go and trade it somewhere in the hope that you're going to share the profit with me, right? It's crazy, but that's what they offer and the reason they offer this is because they never really give you that money right what they do. It's it's a web to Fugazi. It's what they do is they they get you to pay per trade for a bit. They get you to pay a fee and and then if you if you pass the they call it evaluation is common and you pass it and then they say, oh there you go James is $100,000 and James runs out to the missus and the kids and says it's okay. Everything's going to be fine. Some random stranger on the internet gave me $100,000 and that is it. We're going to be bazillionaires, but in truth, you can't really trade right and that's not really how you learn and it's unrealistic and and they know that they know that no one gives the stranger $100,000 to trade on their behalf and in truth, it's all a web to Fugazi. You're not actually trading. It's not real money. And what they're betting on is that there'll be there'll be more James's that pay that fee then they have to pay out to James's that actually make a profit and that is their business. There's no real money behind it. You don't know if at the end of the challenge, they're ever going to pay you out. You don't know and actually with the these businesses these pop trading businesses pop up and disappear all the time. Some massive. Yeah, I don't like the weather in web 3 were like, oh, I you know, I bought a token early. I'm a professional trader token goes down on me. It's the scam, right? So I don't like the word scam, but scam is really reserved for these types of businesses to be honest and it's a huge industry. It's like six billion dollar a year industry and that's what they're doing. So there's very few things in web 3 if I'm honest where web 3 really solves the problem of the industry that is bringing on chain and what funded does is solves all of those problems because there's there can be no Fugazi is on chain is transparent. It's a hundred percent trustworthy and you can you can take part and you can you can you can trade and the rules are very clear and look there's risk in trading but but you can also do very well. So that's that's ultimately, you know, in a nutshell kind of what pop trading is and where we stand next to it. Okay, very good. What and what motivated you at Foxify to bring a program like this? Well, what was what was the spark that kind of brought you to that? It's a good question. I think we so anyone who knows the history of Foxify will know that we are a regional innovation was peer-to-peer options of something that nobody's ever done. James has been involved in events and as a you know, it's a fantastic model people really loved it. And then what we saw was that most of the the the defy trading industry is perpetual trading. It's a 2.1 billion a year industry just in defy today. There's about 230 perpetual platforms almost all largely doing the same thing, right? It's going to be a graveyard of businesses over the next couple of years. And what we saw is that there is there is a big market there but there's a lack of innovation and and and one of the places where we saw, you know, where there's an even bigger market off-chain and and where on-chain solves the problem is with prop trading. And so I suppose that that was kind of like the stepping stone if you like and to us realizing that hey, hang on a sec, do we want to be the 231st perp specs? I'm not interested in that. I'm not interested in being one in sort of 300 people doing the same thing. Well, actually do we want to be the first and do we want to be super disruptive and that's kind of our journey. Okay, awesome. So essentially, can you walk us through the process then for funded on Foxify and you don't have to show us a live example. You can just talk through it unless you have a live example ready. I have a live example. Oh my goodness, Danny. I'm very self-conscious because I feel like the camera is really dark. Is it dark? You also I mean, it's not as good as my light, but it's not terrible. There you go. All right. Well, we're trying to adjust it. Here we go. So the other web pan of Danny shows better shades of ginger. So yeah, you look more normal. It's a little dark, but it's not normal. We don't your face is enough light for the video. Very big face. Okay. So here we go. So just going to share my screen and here we go. You got it. We got it. Yeah, so you can see here. So I'm on the funded app actually right now, which is our application, which is like a layer that sits over the the trading platform before I go into that. Let me give you the basics and answer your question, right? So let's have a look at let's have a look zoom in here. You can see the rules. Okay. So the way the way the funded program works actually is very unique. So we're a perpetual stacks and all you have to do is trade on the platform. That's it. Yeah, you don't have to pay as luck enough from fee. All you have to do is put funds onto the platform trade with those funds and if you perform actually 100% of those funds are still yours and you get access to more funding through the platform. So you start off in qualification for example, you start off with $400 collateral because that's the the first challenge and this launches on Friday, by the way, so it's coming really really fast. We've been in private beta. We've been on main net. We've done seven weeks of test net and we launch on Friday. So you put $400 into the platform. You just trade for seven days. That's all you need to do. You need to be active for five days. So not every single day. You need to do a minimum of eight trades and you need to be up 15% at the end of the qualification remembering a hundred percent of the funds remain yours at the end of the qualification period. So if you turn your $400 into $800 is your $800 to remove. Yeah, you can take it out. Even if you're funded you carry on with your funded challenge and you get funded by us if obviously there's risk if you were like from 400 down to 350 then you can still remove your 350 and you'd be able to start another qualification if you want to okay. So after qualification you then jump into silver. So that's the first funded level and you can see then you get $2,000 in cash when that comes from the platform. You then have a longer challenge. You then get 80% of any profits that you generate from the funds that you're provided from the platform and then you have a target to maintain the funding at that level. You have to be plus 15% and to get promoted at that level. You need to hit 25% or be it's over a longer period actually whereas qualification 7 days now, it's 15 days. So you hit 25% over 15 days and then you get promoted to gold. So basically you keep performing you keep getting promoted you perform. Okay, and you can be maintained you perform not so good and you can be demoted you perform terribly and you lose your funding altogether. Okay, that's amazing. What well first let me let me get this audience question in here. Can you trade stocks? So is this just crypto? What pairs can you trade? Is it all crypto? Is it just blue chips or what? What is the the trading involved? Yeah, it's just crypto at the moment, you know, we're very early days, right? We're public launch on Friday this week. So very early days the plan is for a much broader application in the future. We call it funded pro in the future where you have different indexes and and ultimately deeper liquidity lower fees and a much more I suppose broader sort of offering right now is just crypto pairs. So you've got you know, Bitcoin you've got theory and you've got a couple of blue chips and you've got a couple of old coins in Arbitrum B&B and you've also got doge and then we're adding pairs systematically. So we're quite early in this journey. So right now though, it's just going to be crypto for the foreseeable future and then the plan is to expand into into other indexes. Okay, awesome. So I imagine this is going to come into people's minds because it came into my mind. And I feel like I have a normal mind but let's say you're not a good trader or you don't really know how to trade. You don't really know what you're doing. You've seen we've done live trading before and you know that I have no skill in trading. Is this a good program to test to try and learn like if you don't know anything should you just sign up and see what you can do or is it better if you're a seasoned trader or what's kind of the best target users or all of the above? Yeah, it's a really good question. I think that everybody's on their own sort of learning journey and what we'd say is that, you know, trading and to perform over time requires discipline. And I think if somebody is a relative beginner, then we would always say to you get yourself educated. There's actually a lot of people that are educators and run their own trading communities that are an active part of our community. So if you come into the community, you can get access to that content through the community and through partnerships that we've got. So that's a good place to start. I think quite frankly, if you've never traded before then I wouldn't say, okay, come and do this, right? What I would say is go and educate yourself and actually a good way of testing the education you're giving yourself is on the platform. If you're trading today on any other decentralized trading platform, then why wouldn't you just come and start using Foxify, right? If you've got $400 to start on Friday and you're going to trade for seven days, if you lose, which is a risk of trading, right? That is the downside you can lose on any platform. Yeah, and you can also lose on Foxify, there is risk there. But with Foxify, the difference is if you perform on funding then at the end of the seven days, you're going to receive $2,000 into your trading account to use six times your collateral in a really short period of time. So I wouldn't want to say, look, if you've never traded, get onto funded now because it's going to make you a great trader. Great trading is going to come from experience, discipline, education, and you can get access to a lot of that within the community. But if you're trading somebody somewhere else as well, or you're interested in prop trading and you've been involved in prop trading in a web2 world and you've dealt with all of the frustrations of that world, then this application absolutely is ready to go for you. Okay, and No Filter says there are great traders in our discord chat that are always helping out, sometimes even do small courses. So yeah, if you're interested in this, this could be a great income stream. This is not really passive income because you have to do something and you have to kind of learn a skill a little bit, but you know, this might be your opportunity to go learn how to trade and you can start small and then you can kind of work your way up. I love how the challenges are even organized. They're kind of even organized in that way. Yeah, what would you say are the biggest risks for someone who's thinking about getting into something like this? I just yeah, what do they need to look out for? What do they need to be careful about? What would you say? Yeah, I think that's why when you asked the previous question, I think that's why I said education is number one. I think the fundamental difference between trading and gambling is a definition is that trading, you know, uses some form of education and gambling is just guessing. Yeah. Now some people just guess quite frankly, and you know, we're not we're not here to tell people what to do, but we would definitely recommend that you get some education so that I think that's your biggest risk. I think also is getting used to the technology in the platform as well. So if you're interested in funded, there's actually nothing wrong with you can see for instance on my qualification here, which is now started. So I've got 6 hours and 23, sorry, 6 days and 23 hours left. I need to turn my $400 into $460, which you know, actually doesn't sound too difficult, but trading can be hard at times. Now that you have a minimum collateral that I need to use in the trade, which is 25% of my starting. So it's $100. Actually, I think probably one of the things that I would do is as well as educating myself, I would go and get used to the platform that I'm going to run the funded challenge on and so go and connect your wallet, get some Arbitrum ETH, which is what's used for gas, get some USDC in your wallet, which is what what you need to trade on the platform on Arbitrum. Apologies because I'm screen-sharing and then it's buffering pretty slow. Actually, your minimum trade on the platform is only $10. So if you want it to come and practice, get used to the technology, understand, you know, take profits, stop loss, how you can sort of apply really good risk management, then you can do that by just trading maybe. Sorry, live demonstration is always something that you don't want to be doing. Now, you're good. I turned my video quality, because I'm sharing my screen by the way. Let me bring it back up. Oh, yep. There we go. Ah, brilliant. There you go. Yeah, no, because I also, you can see here, I've got my funded tab on. If I take my funded tab off, then the limitation goes away. I should be able to, I don't have any USDC in my wallet, so I can't open the trade, but it's minimum 10 USDC just to play around on the platform and get used to it. I think, yeah, there's those two things. You want to be around other people, which is loads of them in our community. I think we had 118 people sign up for private beta and we've got a number of influencers and people run that run their own trading communities in our community as well, but you also want to understand the platform and the technology that you're using. Okay, very good. If you fail a challenge, can you restart it? How does that work? Absolutely. Yeah, absolutely. It depends how you fail, to be honest, like, you know, failure can come in two ways. Failure can come at the end of the challenge. It's buffering really slow again because I'm sharing my screen and my machine. I don't switch off my machine for like weeks at a time, so I do something like this and it shows up, I've got a million tabs open, but if you reach the end of your challenge and you haven't qualified, ultimately you failed that challenge and then it would give you the option to restart. You do also have the option to restart your challenge if you're below the minimum threshold that's required. So you can see here, I don't have an option to restart because I've just begun, but if I'd done pretty badly and I was down to like $80 in my account, then I would be able to, I would have like a restart challenge run. Okay, awesome. Very good. What, well, let's see. I've got a few questions. What are the future plans for funded? Where do you kind of see this going? I always like to just kind of see what's the vision long-term. Do you, I don't know, what's on the roadmap? What's in the future for funded in particular? Yeah, I'm going to stop sharing my screen, then you've got my full attention, you can see me. It's a good question. I'll be honest. It's a frustrating question because in crypto people always say, what's your roadmap? When in truth, we've gone through a massive journey of building over the last six months to build the first Web3 Proc Trading application, bringing the $6.2 billion industry on-chain. We've done seven weeks of testnet, two weeks of private mainnet. We launch on Friday and James's first question is what's next? I retract my question. I retract it. Forget it. I don't care what's next. This is huge, James. Yeah, this is huge. Trust me, it is huge, but serious answer to the question that we recognize this is just the beginning of the journey, right? And for us, like for instance, we have one challenge now and it's $400. We've done lots of research with all of the testers that we use. We did 361 days of research in building the application and some of the research we did with people was to say, do you want different types of challenges? And some people said, I want bigger challenges. I don't want to start with $400. I want to start with $1,000, right? And so therefore there's scope for that. People told us that it's too big for some people and obviously if you want to expand in certain markets, then you need it smaller as well. So I think different size challenges is one of the first things that we'll do. I think maybe different styles of challenges. You know, it's interesting because we sit in an AMA and one person says like, it's too long. I don't want to wait seven days, right? You know, hit me with it in four days and I want to move on and somebody else says, why do you have to put a timer on it? Why can't you give me a month to qualify? So people have, you know, lots of people have got different appetites and different ways of trading. So I think we really need to think about that. But the long-term vision is to build Funded Pro, which is deep liquidity, lower fees, different indexes and really take it. You know, we've got a $2.1 billion industry in terms of the DeFi trading market, which right from this point, if you've ever used in one of those platforms, it should just be no go for them from now. And and on the other side, we've got a $6.2 billion industry. It's the prop trading industry where quite frankly, it's 99% of scam and you should stay well clear of it. So so we've we've got a lot of yeah, we've got got a lot of meat to get hold of. Could you could you dive into that just a little bit more? So a lot of people who have experience with prop firms, which let me know in the comments who here has tried a prop firm before been involved with the prop firm. But you kind of told the story which is exactly what I've seen over and over and over again where you pay a big fee. Sometimes it's $1,200 $1,500 you go through this challenge. You pass the challenge. They give you the money. You start trading and then all of a sudden, hey withdrawals are disabled. Sorry, you can never get your money back. Can you talk a little bit more about how the blockchain and this being web three, how that helps with that? How that's not going to happen with something like this? Yeah. Yeah, absolutely. Yeah, I think there's a few things, right? I think let me let me kind of unpack that and pick some examples. So I'll talk about trading experience afterwards in terms of our platform. But if you think about trust and transparency, what what you get with us? So ultimately, if if me and James get together and say, you know what we're going to go out and tell people we'll give them $100,000 if they give us $97, right? What can go wrong? Well, all of a sudden people get get wind of it. They start performing, you know, we either need to work out a way to make these people lose or we need to stop paying people out, right? And that's that's ultimately the cycle of a prop trading firm. Whereas with our with our setup, you never end up in that position, quite frankly, because you well, first off, you don't pay a deposit up front. That's fundamentally different. All you have to do is trade on the platform. So there's a different ecosystem there. Actually, most prop trading businesses on a they're not a they're not a trading platform. They don't have a liquidity pool. You don't know what sits behind it is web to yeah, so, you know, as a business that we are we are a trading platform. We have liquidity is on chain. There's you know, there's nothing that can doubt that whatsoever. So you've got that security for the stuff. I think the the next thing ultimately also is that, you know, an uncomfortable truth in a prop trading firm doesn't tell you this. There is only so much money in the world and there is only so many promises you can make whereas whereas in our world because it's on chain, we have liquidity in the pool and they could is not completely inconceivable, right? That James James is the greatest influencer that's ever lived. Tomorrow we get on Friday when we public launch we get a million people trying to trying to trade on the platform and we don't have enough liquidity for them. When in truth, we we dynamically manage our liquidity both on the trading platform and also what's available in the funded vault, which is what feeds your wallet in a way that the basically the pipe will never be too big for the supply if that makes sense and and even if there was a bit of a pinch point an anomaly then at the end of the day, you know, you would just be in a queue before you get your funding but you'd never be in a position where you're not going to be cashed out. You're never going to be in a position because that's coming that's coming on chain is guaranteed and and actually, you know, there's a human on in the in the prop trading world. There's a human that looks at and says James you traded the news, right? So, you know, you know, I don't know the Japanese stock market is crashed. So what are you going to do? You're going to go in short and then they won't actually pay you a lot of them won't pay you out because you traded the news like you're not allowed to don't gamble but don't use information at your disposal. Well, you know square that circle where is our world that there's no human interaction in approving that payout is locked in the smart contract. It's you meet the KPIs. You hit the target and the smart contract pays you from the liquidity pool. There's no human interaction whatsoever. So that's you know, in terms of the ecosystem, there's just complete trust is complete transparency and the trading experience is lots of lots of very different things. So they do these other scammy things like they say $100,000 James, but you get 4% drawdown anyone who doesn't know what that means is if your account goes from 100 K to 96 or below you lose your whole account. So you never really have a hundred thousand right because you can't go any more than minus 4,000 drawdown limit is typically between 4 and 8% in our world. We don't have a drawdown limit. You can you can just keep going until a point of where you can't meet the minimum class rule in the trade. So there's a number of sort of like yeah, sort of like trading experiences like that where they're fundamentally different. You've gone silent. You've gone silent James. Oh, oh my goodness. The mute button. No, and you're not really it might be we might want to just stay away from the term prop firm because it's not really what you are. It helps get the idea across but it has such a negative term that that's not really what this is. It's what prop firm should be if they were run well and ethically and we're good. We'll call it a improved prop firm or something like it's a really interesting point actually because you're obviously a great marketer James and and in our very early days when we explain the concept to people we said it's a prop trading business and people said what's prop trading and so we thought well, we'll just call it funded because actually what funded means is just use the platform, you know, everybody knows GMX right our trading fees are exactly the same as GMX like-for-like. Yeah, so if you were going to go and trade I don't want to pick on them but just because everybody knows who they are. It's an easy example. There's many, you know, most of the the prop trade the perpetual platforms out there have the same or even many many have higher fees. So you just ultimately funded is just like this extra layer on top of the trading platform which says if you do well, we're going to give you free money. And if you don't do well, then you've got the same outcome as you've got anywhere else. Okay, I love that another problem that we see with old bad prop firms is regulatory issues or at least that's what they claim a lot of times is oh you made all this money but sorry our mt5 license got taken away because the regulators don't like what we're doing. Do you anticipate any regulatory issues or happen to block the US or anything like that anything that you see on the horizon? Yeah, we're our application is not, you know, we we encourage nobody from any restricted territories to use our application actually. So we'd recommend everybody checks their local regulations and and and abides by them very closely. That's that's our advice. We are in a world where it's smart contracts and and ultimately, you know, ultimately, yeah, there is no human interaction in you getting the payout, right? So if you if you start the challenge, it means the liquidity is available and and at the end of it, if you're due to cash out, you're going to be cashed out. So it's yeah, we don't we don't yes, they still let's be honest. James is it's all bullshit, isn't it? It's all bullshit that these companies are pushing out. Yeah, unfortunately, and I've experienced it the hard way, but that's how you learn all good lessons. You don't actually learn lessons unless there's pain behind it. So I've learned a lot of lessons in the space in a painful way. And so I will remember them forever. So yeah, well, look, I think there are, you know, there are real things to consider, right? And I think I use the example before because I don't want people to think that like it's completely immune to to any sort of limitation, you know, like I say, if a million people tried to trade on our platform on Friday, we wouldn't have the open interest available, right? We wouldn't have the liquidity for that sort of volume at this early stage. And actually, if that then transpired into lots of people trying to get funded at the same time, what the system does it would basically this is like a worst case scenario because it's very difficult for this to happen. But it's not it's not, you know, you're pretending that you've got if you say this isn't possible, what you're claiming is you have access to all the liquidity in the world, which nobody does, right? So our system has basically a funnel systems. Therefore, we will only take an amount of trades that ultimately should take into, you know, should it should account for a certain amount of funding. And if there was a for some reason, some sort of pinch point, then you would go into a queue, I suppose. And that is the, you know, that's something that I don't ever envisage happening. But that is like a worst case failsafe scenario. Now, the fundamental difference is that we don't come to you and say, give me $500. Yeah, and I promise if you do this, I'm going to give you $100,000. You know, that's the fundamental difference. What we do is we say trade on the platform. If you do well, then you get access to more funding. So we're not we don't apart from using the platform, which is your own discretion. We don't we don't take anything up front from you. There's no there's no sort of there's no contract there. Okay, and then do you have to KYC to do this? Nope. Okay. No KYC funded in seven days. Awesome. And actually I knew that but I just wanted to ask to highlight it for people. You see how I did that as a YouTuber? I knew the answer already though, but you asked to get it in the video. So last question for me. Does anybody in the audience have questions for Danny? This is your time to get all your questions answered. Who's thinking about signing up for the private beta? I mean, this is something I would like to do it. I don't really know anything about trading, but who is interested who has any questions? Let me know. Last question. And this is for my benefit. We don't have to sign up for private bait analogy. We're going to go live public on Friday. We don't need the form anymore. You don't need it. Okay. All right. I'm taking that out of the description. So just wait till Friday and then you can just go do it live. Is that correct? Crazy. Okay. Awesome. So we've got we've got a live event on Friday. We've got special guests coming. I think you've got an important day on Friday. So I think we haven't we haven't mentioned it to you, but we've got a live event on Friday. Yeah. How'd you know it Friday's my anniversary? Did we already talk about that? How did you know that? I know things. I know people who know things. Okay, Tycho Tycho. He's the guy who can see your diary. So you don't have to do anything. Just you can just go Friday. You can get started. No KYC. There's going to be a big party Friday. That's sorry. I it's my anniversary. So I'm not going to be part of the party, but I'm there in spirit and I would love to be there. My question for you is how do you trade? What's your trading strategy? Like if I'm going to get into this, what what do I do? Like what's it? Give me a trading strategy that I can that I can copy. You know what? I'm not a trader. Yeah, I'm an entrepreneur. I'm passionate about the space. I'm passionate about giving people the opportunity to make you know to make their lives better in the right way. The what I would say is not being a trader. Somebody is very prone to him. I'm like I am that guy where market pumps. Oh, we should we should we should buy market dumps. Oh, we I don't mean in terms of like long-term holdings, but in terms of leverage trading, I'm like, I'm the I'm the worst, right? I market pumps. I'm like, yeah, we should go in now market dumps. I'm not I should get out of this position. I'm not a trader by any stretch. I'm my all my time and attention is in running this business. However, I would say that when I trade on funded because it gives you a structure to work to because it helps you break it down into I have to hit this target in this many days and it makes you think a bit more long-term rather than the emotions of this one particular trade actually when I open a trade either and my last challenge I passed actually true story nice true story. So my last challenge I passed and and and yeah, so basically what I find and I think this will really help people that are serious about trading because ultimately I'm I'm serious about the business rather than being the trader personally is actually I think it really brings out this real discipline in your actions because it helps you understand that actually this is like a seven-day journey and and so when you open one trade, you're not just greedy on how much you can make on that one trade. You're thinking actually I'm in profit here. I don't want to screw this up. I want to bank this to make sure I that I get access to the funding at the end of the seven days. So personally, I found being a complete novice when I use the funded system. It makes me a much better trader because I really think about it in a much less emotional way that actually makes a lot of sense. I hadn't thought about that. But yeah, having goals. It's like smaller goals rather than just make as much money as I can that will help you be more disciplined and make better choices. So love that. Let's see. Do you confirm it available to traders in the USA? Do we have to use a VPN? You do not have to use a VPN official statement is check your local regulations to make sure using the audio James. I didn't hear that. Sorry. Oh, yes. Yes. Yes. Yes. You're actually you know what there I'll take him off. You can use it in the USA. You don't need a VPN, but check your local regulations for what you're allowed to do in your area. There's different laws different places and Foxify is not responsible for looking up all of those. So yeah, anyways, we'll bring Danny back. Don't tell him what we talked about though. All right, Danny. Welcome back. Yeah, we just had to talk about some things Black Cat says buy low sell high. That's what I've been doing wrong. Okay, that's going to be my strategy that I try. Let's see have funded traders cash out till now like in beta. Oh, yes, many have many have okay. And the great thing is actually what's really good to know is that people cash out and qualify many times because the even when I qualified I started with $400 and I turned it into 470. So I was or $10 over my target to qualify and then I could cash out the whole 470 because it's a hundred percent my we don't take any fee for it from from you. So it's a hundred percent your money. So yeah, many people we've got we got two guys. I think qualifying tonight. We've had people people basically every day has been qualifying for funding on it. So yeah, no, it's it's it's hard what I did in the system. If you perform you can pass. There's no two ways about that and there's no human interaction that's going to come in and cut that off. Okay, and then we got camp promos. I joined the stream late. Can we hold positions overnight? That's that's a massive difference actually massive difference to I don't want to keep saying their name. I don't want to keep saying their name, but you know, the others the web will be named and there's there's people pushing web to apps in web 3 now, which is really pissing me off. But I'm honest. They're using web threes like a marketing channel to kind of push web to prop trading apps, but absolutely you can leave a position over overnight for up to the maximum challenge on actually seven days. Okay, very good. Any other no drawdown was it con can promise no drama. Yep. Absolutely. Awesome. Hey, that is all the questions. I does anybody else have any questions for Danny anything where they're like, oh, I would join but I don't know this this would be the time to get that out. But that's all the questions that I have Danny. Can you think of anything else that we didn't touch on? Do you want to give some details on what's going on Friday? Like what timing and that type of stuff? I assume just people hop into your discord. Yeah, so we're going to do the launch on the afternoon European time. So be morning if you're in Mexico on the US side of the world and we yeah, so we'll be we'll be doing will be doing European time in the afternoon. I've got an absolute nugget for you though that we haven't covered. So I haven't checked. I haven't checked James's discord profile. I think James is a golden fox in Foxify. And what what that means if you own 5000 tokens at least that I think it's 5000 EB Fox, right, which is one of our staking books, which gets boosted rewards. I think the APY at the moment is about 80%. If you hold 5000 EB Fox tokens, we just announced today because that makes you a golden fox James. So this quality that you qualify for this actually, we will give you a no-lose funded challenge. Hmm. Yeah, I love that. No lose. Open a ticket fund your account. If you're a golden fox, if it doesn't go well for you, we will give you the money back. And if you do qualify then congratulations, you then get another $2,000 in your in your trading account. Love that. That's awesome. I love no-lose things. I will definitely take part in that. We got some more questions from the audience. That's that's great. I will open a ticket right now. Let's see how many tick crypto tokens are available and actually the audience is answering for you. There's five pairs right now. Bitcoin, Ethereum, BNB, Arbitrum and Doge. So there you go. What happens if you hit the profit profit target but take too long during the first evaluation phase? It's a good question. Look when it doesn't really work like that actually the the it's called a challenge and the challenge ends at seven days and it's seven days. If you haven't closed your positions that then the system will close it. There's a there's a bot that will effectively close any open position. So all of the accounting for your challenge happens at the end of the challenge. I would say actually most people that passed the challenge I was the same. I passed my challenge in five days. So I just kind of twiddled my thumbs for two days because I didn't want to I didn't want to mess it up and we've had quite a few people doing the same actually. So yeah very rarely are people in a position where they're you know that they're trying to get a trade in to make sure they qualify at the end actually. What we're tending to see is that people kind of get it done in four or five days and then they're waiting for the end. Okay, very good. And can we get the payout in our bank account or is it crypto and it just comes out in crypto, correct? Absolutely. Yeah. So it's you know, it's all on chain and that gives it the full trust and transparency. So you can see the USDC in your trader account. It's real money. It's not this like synthetic funds and these are these scammy companies, you know dealing and and so therefore it's USDC out to you as well. Okay. Yeah. And if you know, I'm partnered with a company called Spritz that takes money straight from your Metamask wallet and will send it to your bank account. So if you're at you can get it out through funded into your wallet and then Spritz can take it straight from your wallet to your bank account. So it's pretty pretty easy process for you. So don't let that turn you away. Let's see. Did I miss where the commissions are on the website? I think she means per trade. Yeah. So the the fees are in the white paper. So the same as GMX, I think less than GNS. So 0.1% in and out which is a bit more than you see on like Central exchanges, but it's a decentralized system. So decentralized price feed and obviously you can qualify for funding. You don't have to pay anything extra for that. You just just have to trade on the platform. Okay. Awesome. Well, it looks like that's all the questions seems like a good stopping point for me. I feel like I have all the info. James is had enough. He's out. I've had enough. I'm ready to this is actually my nap time. I take a nap every day 20-minute nap secret to success. Let's see. We do have a couple. Let me see if these are actual questions. I recall using I'll just bring them up. I recall using $100 to trade with 10x leverage cost me $1 and fees not bad at all in my opinion. So we got a testimonial be among the first to get funded on Friday. Some lucky people might get something more than just funded learn more in the discord and I left that link. So go hop into discord. If nothing else hop into discord be part of this community. It's a great community. One of my favorites. In fact, well, I shouldn't say my absolute favorite because there's probably some community. I'm thinking about that'll get upset. But here's Scott. Yeah, my community. That's right besides my community Scott who is a valued member of my community. He is always on the lookout for Ponzi scams things like that. So he wants to know how do you guys make your money? What's in it for you? Yeah, so we are I suppose we run it is like a closed ecosystem which makes what we do possible. So the way we make we the way we make our money actually as a platform is we earn 70% of the trading fees and 30% go to stakers of the token. So we earn through trading fees on the platform and borrow fees and we also take the risk as the counterparty. However, we don't control the price feed which is very different to like a central exchange and many other platforms. So we actually take a significant risk. In fact, as the as the counterparty and obviously, you know, if ultimately, you know, there isn't a single institution like ours that in the world that would exist if statistically, you know, traders didn't lose more than they win. If we're in a position, we do want to be agnostic if we're in a position where traders are winning a lot, then we have a trading engine which allows us just basically copy trade those traders onto other platforms so that we we hedge off that risk. So it allows us to be completely agnostic. So we make, you know, we're the counterparty we make from the trading fees and and then we de-risk ourselves by by copy trading people that are very good. Okay, very good. I didn't know that. Good question, Scott. Love it. Okay. Well, we'll go ahead and wrap up their calls to action. I'm a marketer got to do the calls to action. That's the purpose of a video is to get you to do something. So what we would like you to do hop into the discord. Okay, that's all you need to do right now. It's completely free. If you're already at a hundred servers like I am then you have to go and leave a couple servers to get in but it'll be worth it be well worth it. It's a great community active community. If you've been kind of discouraged about web 3 and just the atmosphere and the ecosystem Foxify is a great place to just hang out. It can be an oasis for you in the web 3 space. Okay, so go hop on there. Stay tuned for Friday. That's when the this will actually start so you can be one of the first to hop in there. And again, like no filter said some lucky people might get something more than just funded. So I mean that sounds pretty appetizing. I don't know what it is, but that's interesting and it's worth saying as well, you know, look where we can be can be you know, it can be a little bit of a sketchy sketchy space at times prop trading doesn't have the greatest reputation and we're trying to tackle that. I think if you come in the community today thinking can I get started on Friday? There's plenty people in there that are doing active challenges right now with real money on private beta and you can ask them, you know, what's their experience and and trust me people, you know, quite frankly, they haven't had to pay anything to do it. All they do is trade on the platform as you would any other perks deck. So everybody is absolutely waxing lyrical about the experience. Yep, absolutely. And there's nothing better than those live testimonials, right people in it right now. So how it's how it's going because he was doing. Yeah, there is sorry. I'm late and it's done. Oops. Well, better late than never man. And if you missed any of it, Justin knows this, but for anybody if you want to go back through as soon as this is over this exact same link, you can watch this from the beginning. You can watch it on 2x speed. So it takes half as long and we talk really fast and high-pitched and it's kind of funny as well. We do have one last question from MVP. Can I copy trade on your platform? But Danny might be frozen. Danny, are you there still? I was going to say, I don't think anyone can actually hold their face. Look at that position. That is that his mouth is in. Yeah, he's definitely frozen. So I don't believe that they have. I mean, you can use copy trading from somewhere else and use it on Foxify as long as it's those five pairs, but that's not I don't believe that's a feature. Maybe pocket knows, but yeah, let's get let's go. I can't even bring him back up. I want to just get this. So yeah, Danny's definitely gone. So goodbye, Danny. Thank you for joining us here today. Audience. You guys are amazing. I appreciate you guys. I have a lot of fun. I have a lot of fun having Danny on. It's just a lot of good time. I love you guys as a community as the Foxify community, the MDB community. It's been great. Oh, here's Danny. There he is. Did you live or did you end it? No, we're still alive. We're still alive. I was just saying my goodbyes. We were kind of making fun of the face that you left on. Was it good? It was it was a good one. It was a good day. It was it was kind of you looked pensive, but your mouth was like wanting to something like something like that. That's the best I can do. We got there's a meme though, so we'll get a meme. But thank you guys so much. You guys are amazing audience again. I couldn't do it. I wouldn't have met Danny if you guys didn't watch my stuff. I released I wouldn't have gotten to do videos with them like 50 times. Okay, that's because you guys watch so I really appreciate that. It's opened up so many doors for me. I enjoy it. I've got to meet so many people even though the space has been kind of rough and difficult. I'm still really thankful to be here and for the the connections and the businesses and people doing cool stuff like this funded idea is very cool and I'm excited to just be a part of it. So Friday you guys hop in discord be ready. Thank you guys Danny. Thank you. God bless you all Danny. I'm sure we'll we'll be in touch and let me know what I can do to just help get the word out there. But yeah, God bless. Have a great rest of the day. Take care guys.