Read
Edit
History
Notify
Share
XRADERS
XRADERS is a platform where users predict cryptocurrency prices and earn XR tokens as rewards for accurate forecasts. It aims to support retail users in making informed decisions in the fast-paced cryptocurrency trading landscape, promoting sustainable returns and enhancing user engagement. [1][3]
Overview
XRADERS, established in 2022, aims to support retail users in cryptocurrency trading by providing reliable information and expert insights. The platform incorporates social price prediction, gamification, and a community-driven model to offer a secure environment for user interactions. Its Guess2Earn gateway engages users in market prediction games to help them understand market dynamics without requiring significant financial investment.
XRADERS uses blockchain technology to ensure transparent and immutable records of prediction results, allowing for the verification of experts' skills. The platform features a decentralized voting system where users stake XR tokens to influence the curation of expert analysis content.
XRADERS' growth model focuses on user engagement to enhance data quality and expertise, aiming to provide equal opportunities, reward contributions, assist in achieving personal goals, and maintain a trustworthy trading environment.[1][2][3][4][5]
Products
Coinlive
Coinlive, a component of the XRADERS ecosystem, aims to enrich cryptocurrency trading by offering real-time insights, encompassing social media updates and market price fluctuations. In the ever-shifting cryptocurrency realm, Coinlive provides a platform for price predictions and fostering community interaction.
Users can engage in the Bitcoin UpDown game to forecast BTC price movements and participate in crypto chat channels to exchange insights and discuss predictions. Coinlive's features include dedicated chat channels, real-time crypto prices and charts, push notifications, AMA sessions, a crypto portfolio, and a secure wallet for deposits and withdrawals. These functionalities support both market engagement and community collaboration.[6][7]
Guess2Earn
Guess2Earn (G2E), a feature within the XRADERS platform, aims to encourage community engagement and provide entertainment. It allows players to make one-click price predictions, with win rates recorded on-chain to ensure accuracy. G2E challenges players to forecast percentage changes in cryptocurrency prices, promoting a deeper understanding of market dynamics.
Participants can earn rewards and improve trading skills through friendly competition within the community. Blockchain-backed transparency ensures fairness, with predictions immutably recorded. Real-time crowd sentiment insights offer immediate feedback, while gamification elements encourage participation.
G2E's user-friendly interface facilitates learning without extensive market knowledge. By focusing on percentage changes, G2E resembles real-world trading, emphasizing trading skills and insight. Understanding Bitcoin's price significance is essential for effective cryptocurrency trading strategies.[7][8]
Voting System
The Decentralized Voting System within XRADERS aims to empower users in curating experts through community-driven voting, fostering decentralization and fairness. Utilizing blockchain technology, it ensures immutable voting records, enhancing trust among participants. This system facilitates democratic expert curation, allowing users to contribute to shaping a self-sustaining community. As experts gather more votes, they gain exposure and opportunities for monetization.
XRADERS provides monetization opportunities for all ecosystem participants. Expert Players are incentivized for offering accurate analysis, while Voters receive rewards for curating top-performing analysts. Users benefit from expert guidance, enabling them to make informed trading decisions. Through this framework, XRADERS ensures that expertise, curation, and engagement are duly acknowledged and rewarded.[7][9][10]
Coinlive IOST Wallet
Coinlive introduced the IOST wallet in September 2023, aiming to facilitate efficient management of rewards and bonuses. Users can connect a single wallet to their account, necessitating the deletion of the existing one to create a new account.
Deposits are straightforward, with users easily generating addresses. Withdrawals are fee-free, requiring a minimum amount. To import a wallet to a new device, users can connect using the private key or the 'Connect Wallet' button. Deleting the current wallet is a simple process, but irreversible.[11]
Tokenomics
XRADERS Token ($XR)
The native token of the XRADERS platform, $XR, aims to function as a cryptographically-secure fungible protocol token, representing governance and utility functions within the ecosystem. It aims to encourage user participation by providing economic incentives, fostering fairness in rewarding contributions. $XR plays a pivotal role in encouraging engagement, granting access to exclusive features, and facilitating transactions within the platform.[12]
Use Cases
The XR token, $XR, serves various essential functions within the XRADERS platform, aiming to enhance user engagement and ecosystem development:
- Governance Voting: $XR holders participate in vital ecosystem decisions, influencing protocol fees, marketing strategies, and more.
- Access to Premium Features: $XR allows users to access exclusive price prediction rounds, new games, trading features, and updates before general release.
- Advertisement Payment: Expert Players use $XR tokens to advertise their profiles, attracting followers for the XR Follow Trading feature.
Coinlive Token ($CLX)
The Coinlive Experience Token, or $CLX, is a central component of the in-app ecosystem within Coinlive. It functions as a point system, allowing users to earn and utilize it within the platform. Additionally, $CLX is anticipated to have future applications within the Coinlive ecosystem.[13]
Use Cases
The CLX token on XRADERS provides users with various utility functions:
- Access to Real-time Data: Gain insights into real-time UpDown submission ratio.
- Push Notifications: Receive updates on specific users' status.
- Access to Locked Features: Exclusive access to top performers' status, cancel or revoke positions, extend winning streaks, participate in time-earning activities, and join special rounds.
- Events - Lottery & Roulette: Participate in events for additional reward opportunities.[13]
XRADERS
Commit Info
Edited By
Edited On
June 12, 2024
Feedback
Average Rating
How was your experience?
Give this wiki a quick rating to let us know!
Twitter Timeline
Loading
Media
REFERENCES
[1]
[2]
[3]
[4]
[5]
[6]
[7]
[8]
[9]
[10]
[11]
[12]
[13]