Bincentive offers an automated service mechanism that provides a mutual trust system for member clients and strategy providers (trading experts) in the mirror trading process. All mechanisms are built on Ethereum Smart Contracts, including our master BCNT Margin Smart Contract (for margin management) and trading smart contracts (for quant trading strategies). The Master BCNT Margin Smart Contract controls reward deposit margin transfers among all member accounts and trading smart contracts under the dual token model.
Trading with smart contracts makes correct and automated processing of payments possible. In short, smart contracts are digital contracts built on blockchain technology. At their core, they provide the same purpose as traditional contracts: they act as a ledger where involved parties define the terms and conditions of an agreement. The strength of a smart contract lies in its ability to self-execute once it electronically determines the conditions are met.
Suggested reading: What's Bincentive's dual token system?, What's BCNT? Why must I purchase BCNT in order to use the service?