Foxify provides instant, non-KYC funded crypto trading accounts allowing users to trade perpetuals with up to 100x leverage. Traders can access capital ranging from $500 up to $10,000 based on initial deposits and performance progression. The platform offers instant profit payouts and a profit split of up to 90% for successful traders.
Funding
Funding not disclosed
Founders
Product
Problem
Traders on decentralized exchanges often face limitations such as a lack of advanced trading features, reliance on centralized order books, and the need for significant upfront capital. Traditional proprietary trading firms offer funding, but typically require extensive verification, have drawdown limits, and may not provide access to decentralized markets.
Solution
Foxify is a decentralized perpetuals trading platform that provides traders with up to 50x leverage directly from their wallets, combined with a pathway to access funded trading accounts. The platform allows users to trade perpetual contracts using USDC as collateral, with instant settlement and low fees. Traders can qualify for funded accounts by completing a 7-day challenge, meeting specific performance criteria, and without any upfront fees or drawdown limits. Successful traders earn an 80% profit share on their funded accounts, fostering a trustless trading environment powered by smart contracts.
Target Audience
Foxify targets cryptocurrency traders seeking leveraged perpetuals trading on a decentralized platform, as well as individuals who want to access funded trading opportunities without upfront fees or stringent requirements.
Features
- Perpetual contract trading with up to 50x leverage using USDC collateral
- 7-day trading challenge to qualify for funded trading accounts
- Performance-based criteria including a 15% PnL target and a minimum number of trades
- Funded account levels ranging from $25,000 to $250,000 maximum trade size
- 80% profit share for traders on funded accounts
- On-chain execution and settlement via smart contracts
- Staking rewards for FOX token holders, enabling participation in revenue sharing
- Mobile-friendly trading interface