XRADERS allows experienced traders and investors to share insights on the blockchain through consensus-based curation, helping investors understand the market and make decisions.
With the mass adoption of cryptocurrencies, we expect a billion users by 2030. As the crypto market grows, so does the influx of information, reducing credibility. Despite the explosion of data, credible content remains scarce, and skilled traders struggle to profit from their insights.
What is XRADERS?
XRADERS is a decentralized expert curation platform on the BSC chain, aimed at transforming how expert advice is shared and utilized in the trading and investment community. It provides valuable information through a decentralized network, aiding traders and investors in decision-making.
XRADERS provides reliable guidance for retail traders through three main functions: Guess2Earn, Expert Verification and Vote&Earn, covering the entire process from user diversion to expert curation.
Guess2Earn
This core feature simplifies market judgment by allowing users to predict coin price percentages within the protocol. User performance is recorded on-chain, serving as a direct measure of trading skill. The low-entry prediction game enhances engagement and creates a real-time community sentiment indicator.
As of March 2024, XRADERS boasts 500,000 monthly active users, 160,000 daily active users, and over 800,000 daily transactions, with strong support from African and Asia-Pacific markets.
Expert Verification
High-performing players in G2E competitions can become certified trading experts, offering insights to a broader audience and expanding their influence through voter support. Experts earn rewards for accurate analyses and platform contributions.
Voting
Users can stake XR tokens to become voters and vote for experts on XRADERS. More votes increase an expert’s exposure and competitiveness, and voters are rewarded for promoting skilled market analysts.
Team Background of XRADERS
The XRADERS team has extensive experience in blockchain and cryptocurrency. Founders Jeffery Jin and Rachel Jang are University of Washington graduates who have led multiple blockchain projects listed on Binance, Upbit, and other exchanges.
Funding of XRADERS
On April 2, 2024, XRADERS completed a $2.9 million seed round to support development and operations. Investors include FBG Capital, GBV Capital, Marblex, Icetea Labs, Basics Capital, and more.
XR Token Economics
XR is the governance token of the XRADERS ecosystem, facilitating transactions and interactions on the platform. With a total supply of 100 million, XR grants users voting rights for expert selection and governance participation. The token economy incentivizes user contributions, expert content subscription, governance decisions, and market trading.
Token Allocation
XR’s total supply of 100 million tokens is distributed as follows:
Flywheel Analysis
The XRADERS flywheel model explains how platform elements interconnect to drive growth and improvement:
First Cycle: Initial growth starts with increased app user engagement, attracting skilled players. Their participation generates valuable data, enhancing the overall user experience.
Second Cycle: Once stabilized, the first cycle lays the foundation for more user interaction. Expert insights and skills further reinforce this cycle, stimulating follow-up trading activities and creating a self-reinforcing loop, continually improving the user experience.
Through this flywheel model, XRADERS provides equal trading opportunities, rewards contributions, and offers a reliable on-chain trading environment for investors.
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