# Patrons & Champions

Patrons & Champions are the two special User categories involved in our unique Copy Trading solution, and their agreements are referred to as Patronages.

## Patronages

Smart Contracts 101
A "Smart Contract" is essentially just a contract with built-in payment and enforcement mechanisms.
A patronage agreement is a quid pro quo (something for something else), a customizable “trading contract” between two or more users (Patron/s & Champion/s), secured & enforced by smart contract.
A Champion performs trading decisions on behalf of Patrons in exchange for a success fee based on pre-agreed terms & conditions.

### Success Basis

All patronages must meet the following basic condition to be considered successful:
$Y > X + CF + ½ CF$
Where X is the initial sum invested by the Patron, Y is the final sum accrued at the end of the patronage and CF is the custom Champion's Fee. If the final amount be lower than the initial one plus the Champion’s share, plus half as much, the patronage is automatically considered unsuccessful and any agreed upon Champion Fee will be nullified.
This means that any patronage must at least return a profit to be considered successful

#### Simplest example:

$100 patronage featuring a 2% Champion fee would need to return at least$ 103 not to be failed.
This mechanism also helps preventing few large accounts from monopolizing the service, ensuring the diversification of Champions' strategies, pricing and targets.

### Customizations

Patrons and Champions, other than the above-stated minimum success condition, may customize the terms and conditions of their patronage agreement to their leisure. All patronages require the establishment and agreement of at least one termination condition to be negotiated & confirmed.
Both categories may publish, negotiate, veto or accept their own or the other party’s terms and conditions. Patronage agreements are fully customizable.

## Patrons (copier)

1. 1.
2. 2.
3. 3.
Sit back & Collect
Patrons are Users investing in other Users, to trade on their behalf. Any user that invests in a Champion is automatically considered a Patron, no opt in is required.

### Patron Categories

Patrons are ranked based on the amount of volume they have committed to Patronages, this is solely a cosmetic difference, for the purpose of differentiation. No direct economic advantage is obtained from a higher tier, but for example, some Champions may elect to restrict their service only to big fish.
 Level Volume committed to Patronages (yearly) 1 1 to 100K 2 100K to 500K 3 500K to 1M 4 1M to 5M 5 5M +

## Champions (copied)

1. 1.
Attract Patrons
2. 2.
$PPR = (Successful / Total)*100$