Copy trading FAQ

What is WOWMAX DEX copy-trading?

WOWMAX DEX copy-trading is a feature that allows you to automatically replicate the on-chain trades of top-performing wallets on decentralized exchanges. WOWMAX identifies these successful traders by monitoring millions of active wallets, calculating real-time trading KPIs, and enabling you to follow their strategies—all within a fully transparent, non-custodial environment.

How is copy trading on WOWMAX different from centralized copy-trading platforms?

Unlike centralized services, WOWMAX relies entirely on on-chain data—so every trade is transparent and verifiable on the blockchain. You always keep control of your private keys, and you can see each wallet’s complete on-chain history, making WOWMAX both more secure and more transparent than typical centralized solutions.

Why would I want to copy someone else’s trades?

Copy-trading can be especially useful for less experienced traders or those who don’t have time for full-time research. By automatically mirroring the trades of proven top performers, you can potentially capture their winning strategies with minimal effort. However, as with any trading strategy, success is never guaranteed.

How does WOWMAX discover and rank top traders to copy?

WOWMAX actively monitors millions of wallets for every DEX swap. Each wallet’s profitability, win rate, trade history, and other metrics are tracked in real time. Users can then filter and rank wallets based on these KPIs to choose the traders they find most promising.

How do I begin copy-trading on WOWMAX?

Simply connect your Web3 wallet (e.g., MetaMask) to the WOWMAX interface, review the top-performing wallets’ KPIs, and select a wallet to copy. Deposit USDC to the copy-trading smart contract. First, it will copy the initial portfolio of the wallet and then it will copy every move of the wallet (with some constraints). You can stop copying anytime and withdraw funds in USDC or raw tokens that will be on the contract at the time of the withdrawal.

What trades can be copied?

WOWMAX copies 3 types of onchain activities:

1) onchain purchase via any DEX or a DEX aggregator

2) onchain sale via any DEX or a DEX aggregator

3) outgoing token transfer (copied as a token sale).

Incoming token transfers will not be copied as many wallets receive airdrops and frequently transfer themselves tokens from other wallets.

What security measures did WOWMAX implement to protect copy traders?

WOWMAX has implemented multiple security measures to safeguard copy-traders from potential risks.

1. Preventing Lead-Trader Exploitation

One of the biggest risks in copy-trading is the opportunistic behavior of lead traders once they realize they are being followed. They might:

· Buy honeypot tokens, which others can purchase but not sell.

· Execute pump-and-dump schemes on low-liquidity tokens.

· Buy a newly created token, then remove its liquidity after others invest.

To eliminate these risks, WOWMAX only allows copy-trading for 80 of the most liquid and reputable tokens on the Base chain.

2. Overpayment Protection

To protect users from price manipulation and pump-and-dump schemes, WOWMAX enforces a leader overpay cap of 2%. This ensures you never pay more than 2% above the lead trader’s purchase price.

3. Smart Contract Security & Fund Protection

WOWMAX operates fully via a smart contract, meaning developers have no access to user funds - the contract can only execute trades that mirror the lead trader’s activity.

The smart contract is currently undergoing an audit by a reputable Web3 security firm. Until the audit is complete, user deposits for following any single wallet are capped at 100 USDT.

Does WOWMAX copy the trades immediately?

During the beta testing WOWMAX will copy the trades within 10-15 seconds after the leader. In future WOWMAX will copy the trades as soon as they are finalized on the blockchain.

Do I need to deposit funds directly into WOWMAX?

WOWMAX is a non-custodial platform, which means you always control your private keys and your funds remain in your full control. You need to deposit USDC to the copy-trading smart contract, which WOWMAX developers can not withdraw the funds from, but which they can call to mirror the trades of the wallet you are copying.

What fees are involved in copy-trading?

WOWMAX charges a 1% commission on each copied trade. Portions of these fees reward the platform’s top-performing traders, key opinion leaders (KOLs) who refer new users, and WOWMAX token stakers.

Is copy-trading guaranteed to produce profits?

No. Although WOWMAX carefully identifies historically successful wallets, past results do not guarantee future performance. Market conditions change, and even top-performing wallets can incur losses. Copying 10-20 top performing wallets instead of just 1 or 2 will decrease the risk associated with one particular trader and can significantly improve your overall chance to outperform the market.

Do I need KYC or is there any regional restriction?

As a decentralized service, WOWMAX typically does not require KYC to use its basic copy-trading features. However, each user must comply with their local regulations and any relevant blockchain or wallet restrictions. Because WOWMAX does not hold your funds, the platform generally imposes fewer restrictions than centralized exchanges. WOWMAX might not be available in certain territories due to terms of use restrictions.