XRADERS provides reliable market insights for retail investors through Guess2Earn and expert verification.
By Pzai, Foresight News
With the mass adoption of cryptocurrencies, it is expected that by 2030, we will see one billion users entering this vast market. However, despite the rapid growth of the crypto market, the influx of information has led to a sharp decrease in credibility. Various Twitter experts are prevalent, resulting in a lack of credible content for potential investors and making it difficult for truly market-savvy traders to profit from information production.
XRADERS allows experienced traders to share insights and help investors gain market insights and make decisions through consensus curation on the blockchain.
What is XRADERS
XRADERS is a decentralized expert curation platform on the BSC chain, aiming to change the way expert advice is shared and utilized in the trading and investment community. It allows experts to provide valuable information and help traders and investors make decisions through decentralized networks.
XRADERS provides three main functions for retail traders: Guess2Earn, Expert Verification, and Vote&Earn, covering the entire process from user traffic to expert curation.
Guess2Earn
Guess2Earn, as the core function of XRADERS, allows users to predict the percentage of relevant coin prices within the protocol, simplifying the mode of market judgment compared to traditional signal modes. The game of low-threshold prediction enhances the gamification and interactivity of trading, promotes community participation, creates a real-time community sentiment index, and motivates players to participate in an interesting and competitive manner. Immutable on-chain interaction data becomes a unique and important indicator for each user. Professional users can improve their performance to gain exposure and corresponding income, while providing investment references for users, achieving mutual benefit.
As of March 2024, XRADERS has achieved a monthly active user base of 500,000, with daily active users exceeding 160,000 and daily transaction volume exceeding 800,000, and has received widespread support in markets including Africa and the Asia-Pacific region.
Expert Verification
By actively participating in G2E competitions on XRADERS, players with a certain high winning rate can be certified as trading experts within XRADERS. These experts can provide insights to a wider range of traders and continuously expand their influence through the votes of voters. Meanwhile, by continuously providing accurate analysis, experts will be rewarded for their market views and contributions to the platform.
Voting
Users can choose to pledge XR tokens and become voters to vote for experts within XRADERS. Experts with more voting rights can have more exposure and stronger competitiveness. Voters who recommend outstanding experts through the voting mechanism can also receive corresponding rewards, recognizing their role in discovering and promoting outstanding market analysts.
Team Background
The XRADERS team has rich experience in the blockchain and cryptocurrency field. The two founders, Jeffery Jin and Rachel Jang, both graduated from the University of Washington, and have been involved in the construction of multiple blockchain projects, leading projects to be listed on well-known exchanges such as Binance and Upbit.
Funding Situation
On April 2, 2024, XRADERS completed a $2.9 million seed round of financing to support its development and operation. Investors include FBG Capital, GBV Capital, Marblex, Icetea Labs, Basics Capital, Marshland Capital, Northbund Capital, HG Ventures, Alpha Protocol Ventures, Vista Labs, GBIC, Lemon22, IOST, 071labs, Alphanonce, Onemax Capital, StudioB, Nexus One, Morpheus, and Planetarium.
XR Token Economics
XR, as the governance token of the XRADERS ecosystem, is an indispensable part of the ecosystem, promoting various transactions and interactions within the platform. With a total supply of 100 million, XR grants players the qualification to evaluate and vote for experts within the protocol, and allows users to participate in governance. The token economy of XRADERS enhances community vitality and increases the utility and value of the token through incentivizing user contributions, expert content subscriptions, participation in governance decisions, and market transactions.
Allocation and Ownership
The total supply of XR is 100 million, with the following distribution:
Flywheel Analysis
The flywheel model of XRADERS illustrates how various elements of the platform interact to drive continuous growth and improvement.
First Cycle: The initial growth cycle begins with the continuous improvement of user engagement within the application. Increased activity brings in more skilled players, generating more comprehensive and valuable data, significantly enhancing the overall user experience.
Second Cycle: Once the previous cycle stabilizes, it lays the foundation for more user interaction. The insights and skills of expert players further strengthen this cycle. Their participation stimulates more copy trading activities, forming a self-reinforcing cycle that continuously enhances the user experience on the platform.
Through this flywheel model, XRADERS can provide equal trading opportunities for investors, reward corresponding contributions, and provide a reliable and trustworthy on-chain trading environment.
【Disclaimer】The market is risky, and investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific situation. Investment is at your own risk.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
