Santiment, a decentralized forum offering blockchain and crypto-focused financial content and data, has launched a new forum. As per the announcement of the platform, it is unveiling “SanR” (a project that permits traders to take part in copy trading easily). The platform recently disclosed the launch of the respective project.
Santiment Unveils a Unique Platform ‘SanR’
According to Santiment, the new project operates as a decentralized social instrument and primarily focuses on facilitating the traders. The platform added that the project is efficient and has the potential to compete with the other market players. Moreover, the platform mentioned that the SocialFi sector is getting more and more busy with time. In such a scenario, the project arrives in this realm as an exclusive entrant to serve the traders.
The company disclosed the news of this launch on June 17, 2024. The release of the project at this time denotes the platform’s efforts to revolutionize the SocialFi market. SanR focuses on meeting the new needs of the traders in this world. Moreover, while the platform has obtained a significant reputation within the market, this launch contributes to further elevating its status.
The Endeavor Targets Assisting Traders with Cutting-Edge Copy Trading Technology
As a result of this launch, the traders within the SocialFi sector will have several benefits. The company considers this as an opportunity to permit the consumers of SocialFi entities to monetize reputations thereof. In this way, the respective entities can do that by trading ‘keys’. The endeavor also aims at increasing user interest by offering huge crypto prizes. According to Santiment, SanR will provide these rewards to the proficient traders.
Keeping that in view, the traders with the most precise market predictions will reportedly be the winners of the respective rewards. SanR lets the key buyers know about the sellers’ prediction-related track records. These track records are named ‘signals.’ Therefore, the project attempts to provide convenience to the users. Copy trading is a very popular form of trading where the new traders leverage the trading patterns of the others.
In addition to these benefits, SanR enables users to understand the trading strategies and patterns of other traders. This feature allows users to learn and enhance their own trading skills, making it an excellent educational tool for traders of all levels.
The Platform Maintains Its Position in the Market With Frequent Projects to Win User Trust
This allows them to trade confidently by following their entrusted veterans in the market. The project, at a point when copy trading is trending, gives a better opportunity to confidently carry this out. Santiment enjoys a good position in the market with its cutting projects like SanAPI, SanSheets, Sanbase, and so on. The inclusion of SanR pushes forward its vision to heighten its reputation.
