Author: Frank, PANews
The prediction track is attracting more and more users, especially when the overall market enters a tiring stage of consolidation.
To correctly predict the market means to be at the forefront of the market and always take the initiative. Recently, XRADERS, a decentralized crypto prediction expert platform, has reached cooperation with many well-known projects such as UXLINK, SecondLive, and DIN in a short period of time. XRADERS's G2E gameplay has created a new model that speaks only by data accuracy and has attracted a large number of users. As of June 28, the total number of transactions on the platform exceeded 80 million, and XRADERS is becoming a new star in the cryptocurrency prediction market.
Guess and Earn Mode and Voting System Create New Prediction Gameplay
XRADERS is a decentralized market forecasting and expert opinion sharing platform. Its name comes from the combination of the English words "expert" and "traders". It uses blockchain technology for transparent data recording and trust building, provides carefully curated expert insights, and provides actionable information for investors. Its decentralized voting system ensures transparency and integrity, allowing users to select truly effective experts through voting.
The platform combines social price prediction, gamification elements, and community-driven cycles to provide a safe and secure environment for user interaction.
The main product of XRADERS ecosystem is Coinlive APP, which combines social attributes with market prediction. Currently, the main core gameplay of Coinlive is Guess2Earn (Guess and Earn Mode: G2E for short) and Decentralized Voting System (Decentralized Voting System).
Among them, the G2E mode allows users to make short-term predictions on the Bitcoin market with one click (the prediction is within 1%, 0.5% on each side). Once the market runs in the predicted direction and reaches the corresponding price, it will automatically trigger a win or loss.
In addition to the G2E model, Coinlive also has a decentralized voting system where users can vote to give experts with better win rates more exposure. Similarly, users can also be recommended as experts with higher prediction accuracy.
It is worth mentioning that no matter the gameplay or voting system of G2E, the entire activity process is on-chain on XRADERS.
A completely fair and objective flywheel growth model
This gameplay can make those experts who really have predictive ability stand out, and users can also gain benefits by following the predictions of more professional opinion leaders. In April 2024, XRADERS topped the BSC chain social Dapp list within less than 3 days of its launch and remained in the top ten of the overall list. In the same month, XRADERS also attracted more than 650,000 monthly active users, more than 160,000 daily active users, and more than 11 million G2Es by users.
Attracting huge user participation relies on a growth flywheel model. In the first layer of this flywheel, initial user growth and continuous reward activities can help more professional players stand out and produce more comprehensive and valuable data.
In the second layer of the flywheel, when the expert recommendation system stabilizes, the opinions and order-leading effects of the experts begin to emerge, stimulating more users to follow the transactions, further improving and perfecting the user experience and the professionalism of the platform data.
In addition, through this flywheel model, the platform is able to provide equal opportunities to all users, regardless of fans or background, but only accuracy. In addition, there are benefits such as platform token rewards and helping individuals realize their desire to become opinion leaders.
The founder has incubated 2 listed Upbit projects
Compared to those teams that focus on anonymity, XRADERS has made detailed introductions to several co-founders and key executives in its official documents, and attached relevant LinkedIn links. The team currently has 13 members (6 developers, 4 products, and 3 businesses). Among them, the leader of the XRADERS team is CEO and co-founder Jeffrey Jin. In the past six years, he has also served as co-founder and COO of MovieBloc (MBL) and co-founder of Cobak Token (CBK). Jeffrey Jin is also the only founder who has been listed twice on Upbit, the largest exchange in South Korea. With a background in data science, Jeffrey Jin has extensive experience in collecting raw data and turning it into meaningful insights through research and development.
In April this year, XRADERS announced that it had completed a $2.1 million seed round of financing. Investors in this round of financing include FBG Capital, Amber Group, GBV Capital, Marblex, Icetea Labs, Basic 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 and other top crypto investors and institutions.
Governance token XR will be launched in July
According to the official introduction, XRADERS's governance token $XR will be launched in July 2024. The total issuance of $XR is 100 million. This is rare in today's era of tens of billions and hundreds of billions of issuances. According to XRADERS, in addition to enhancing the gaming experience on the platform, the $XR token also has three key functions: promoting community participation, promoting governance operations, and providing support for users in the XRADERS environment. $XR is planned to be issued on the BSC chain with an initial supply of 18.6% and an issue price of $0.35. The estimated initial market value is approximately $6.51 million.
XRADERS tokens have several uses: 1. Incentive mechanism, rewarding users for community contributions through content interaction, sharing simplicity, etc. 2. Subscription model, users can use $XR to subscribe to premium content from experts. 3. Staking and governance, aiming to align platform development with user interests. 4. Market transactions, $XR tokens can be used to pay for additional services such as tools, resources and investment experiences within the platform.
XRADERS said that by integrating these uses, the $XR token economic model not only supports the functionality of the XRADERS platform, but also ensures that all participants are fully incentivized to contribute and benefit from the ecosystem. This holistic approach to token utility promotes a sustainably thriving community and drives the long-term success of the platform.
According to the official roadmap, XRADERS will introduce real-time market analysis and cryptocurrency exchange integration capabilities in the fourth quarter of 2024. AI experts and digital identities will be introduced in 2025.
XRADERS' vision for the future is as follows: "By leveraging the power of blockchain technology, we aim to build a transparent, secure and user-driven platform that empowers traders and investors." For the crypto market, there is no shortage of people who predict the market. How to form a truly effective market prediction mechanism, let the real ability of experts replace marketing ability, and construct a lasting economic flywheel through a reasonable token model will be quite challenging for XRADERS, but meaningful for the market.
