CryptocurrencyScripts

Tag: blockchain technology

I rode the Solana Memecoins Wave; here’s what I learned

This isn’t even a flex, but, thanks to the profits made from this venture, CryptocurrencyScripts now has a runway of at least, 5 years. I’ve spilled the beans, now we can move on. Even if you have yet to dip your feet into any of the flurry of solana memecoins, you must have heard about one of them. The one Wif a hat or the one about a used Honda 2001 Civic. Really cool memes from each of these projects, but if they are worth the millions…I can’t say for sure. But I know one thing, everyone dabbling into those projects is looking for a Max Wynn…sorry, win. Memcoins are fun, especially when they 10X your ‘investments’, can’t say the same if they -90%ed your investment in one hour. I’ve been in both, I enjoyed the former, the latter was also fun.

After a few months of ‘aping’ into weird projects, I have a diary to share. Not like anyone cares, but even if this doesn’t get to the cabals and the cults, it’s always fun to write on this platform. Just to mention, the next episode of the Snack Talk is also in the works!

I’ll get to it quickly

We are all here for the money!

Yeah, quit the ‘tech’ talks already. It’s obvious, no one is here for the technology. I used to put it at 10%, but it’s actually 0%. Memecoiners are just like everyone else who dabbles their money into a magic internet coin with the hopes of making massive profits, and converting everything to fiat…and buying a Lambo. Only difference is; others play the long game while memecoin connoisseurs play the fast game. Most investors are a hybrid. The random investor will take a quick 100X over ‘a ground-breaking decentralized innovation’. No pun intended, but reality hits hard. The usual 1hr chart for every new memecoin depicts, FOMO, profit taking, and rugpull, in that order. And this is where the fun lives!

Are crypto investors really smart?

Smart investments are preceded by proper research and risk-managed entry. Thing is, memecoins don’t give anyone a chance to do any of these. The boat might be far gone before you get to any of these. It’s the old-fashioned ‘first ape, then research’. If that’s the case, then, are we really smart investors or autistic degenerates who jump into the water without checking the depth? This question is not even a caution or a corrective ponder, just asking if we are still moving in line with the goal of breeding a generation of smarter investors. It is clear why the wizard of Berkshire Hathaway isn’t a fan of anything we are doing here. No problem, he can have his fiat while we have our Bonk!

The Bigger Fool Theory

Remember what you had in mind while buying that memecoin? I can’t read your mind, but somewhere in there, you are convinced that someone will be dumb enough to buy after you and drive the price up. This is not about memecoin only, maybe it is actually a big factor driving the general cryptocurrency gains. A lot of unconvincing crypto projects make it to reasonable heights simply because the next partially convinced investor jumped in with the hope that the dumber money would follow. The pyramid collapses when the next ‘fool’ doesn’t emerge.

Rugpulls are only serious if the project never recovers

Removing liquidity is the old-fashioned way of doing rugpulls. That act already improved and I think the new method is more lucrative. It’s simple and it gives the project a chance of making a recovery if the community takes over and “work for their bags”. Here’s how it goes, create a weird coin, keep a majority percentage, add the rest to the liquidity pool, and dump your bags once buyers come. This way, the initial liquidity remains, you make your money and if the community is strong enough, the project survives and everyone wins…well, not everyone exactly. I’m not telling you how to get away with murder, but this gives the project a chance of surviving and maybe you can get away with your Theft. Yes, theft.

‘Influencers’ are the literal Wolves

You’d ask why UsedCar is sitting at a multimillion-dollar market cap while Panda, an older and similar project on ZkSync is wallowing below the $30,000 market cap. The answer, the influencers didn’t get to it or haven’t gotten to it yet. It’s never a crime to talk about a project you are interested in, but doing it just to lure your followers and dump the tokens you got for free on them is a ‘wolf and Lamb’ parable. For every memecoin that made it to the top, there are tons of influencers using their followers as exit liquidity. Really plausible how they are able to do the luring game, something to learn about marketing there, the end goal is the only negative part. Lots of quality memcoins projects never make it out because they prefer to stick to the community-building goal instead of greasing influencers’ palms. Well, no sympathy here, it’s all a game anyway.

The biggest Fundamental is Shilling

If you want something out of a project you are invested in, the only thing to do is to Shill it. To your friends, your colleagues. Yeah, they are your exit liquidity, but that’s how this thing goes. Bluechip or just a memecoin, the biggest fundamental is Shilling. To put it straight, the project with the most shillers wins.

Ask if I still nurse the idea of gambling on memcoins? The answer is a big Yes, just like anyone else who wishes to test their risk-taking abilities. The essence of this whole rambling is to share my experience, not to announce that I’m leaving the game. Another goal is to ask the big question; “Are we actually investing or Gambling?” The events around these memecoins suggest that this is all a gamble, whichever one, managing risks is recommended. On the outlook, the Rugpulls and investor deception do not paint a good picture of the whole space. But hey, the warnings are everywhere. Memcoins, just like any other crypto investment is a high-risk venture. The thrill is there, the stock market and its 20% annual gains are boring and it’s human to go in search of thrills. Memcoins present that on a platter, it is not clear if this is good or bad.

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22/01/2024
2024 in the Crypto Space – Year in View.

Bitcoin opened the year at one of the highest price levels ever. Really looking like a solid year, if we don’t ruin it with some funny events. In all my time in the space, I’ve not seen a year as bullish as the one we just entered, but it’s hard to tell the future. $100,000 Bitcoin and $5,000 Ethereum, you are surely expecting your shitcoins to print some good numbers this year too, the Lambo dreams look more realistic than ever. The stars are aligning, but this space has a history of being wild.

This isn’t even financial advice but here’s how we might rock this year;

Bitcoin Halving

At the time this article was written, a Bitcoin miner earns 6.25 Bitcoins for each block they mine successfully. This is set to change later this year after the next Bitcoin halving, stipulated for April this year. 3.125 BTC per block is still a very significant reward. Compared to what miners used to receive, we’ll have a 50% lesser emission rate. This has been shown to have a positive effect on the price of Bitcoin, hopefully, history continues to repeat itself. Bitcoin Cash and Bitcoin SV will also be halving this year; you probably don’t care much, but I just had to put it there in case.

Spot EFTs

If things go as expected, we could have some major developments on the Bitcoin ETF applications from the previous year. The build-up from 2023 was catalyzed partly by rumors surrounding spot ETFs for Bitcoin, Ethereum, and a few other cryptocurrencies. The effect on the value of these assets is out of the question, IF the ETF applications go through, then we can expect some real fireworks, but IF. Apart from the assets with filled spot ETF requests currently, ETF listing applications for more crypto assets could happen in 2024.

Pump it, Nope?

Bitcoin halving and Spot ETFs in the same year. Cryptocurrencies have pumped due to some ridiculous news, these two events are of very much importance compared to these. I’d say we are due for that $100k Bitcoin and $5,000 Ethereum. Altcoins are due for a pump, memecoins too. Everyone, really. Just remember to take profits on some of your ‘blue chip memecoins’ though. This might not last for assets in that class, but this is not financial advice either.

Shift in CEX dominance

Centralized exchanges are controlling crypto trading. For all the average investor cares, this is more than fine. But the thing is, decentralized exchanges are getting better, apart from the periodic exploitations, of course. The big advantage is the freedom it gives investors and project teams as well. The fact that you don’t need to pay a listing fee to create a liquidity pool is cool stuff. On CEXs, listing fees run into hundreds of thousands (dollars). If you are not a liquidity provider, Decentralized exchanges are a bit safe, but don’t forget to revoke access when you are done with your swap. I could make a list of some promising decentralized exchanges; Mute on ZkSync, Uniswap, DyDx, and a few others, but I’m sure there are tons of other excellent decentralized exchanges. These decentralized exchanges will likely challenge CEXs for trading volume. I said, Challenge!

Regulatory crackdowns to continue

We saw many crypto institutions sit in the courtroom and even more invited to investigation panels. Regulatory bodies in different countries are taking a closer look at what we are doing here, and where they see an opportunity, they will certainly swoop; especially if there’s a possibility of going away with a few billion dollars. Don’t get this wrong, the space needs some regulation and we will surely be seeing more of these this year, hopefully they don’t ruin our party!

Bitcoin Virtual Machine (BitVM)

BRC-20 tokens might make the wave this year. SRC-20 tokens as well. But I think another trendsetter will be the Bitcoin Virtual Machine. No need for my personal opinion here, so I will just say what you want to hear; this Bitcoin VM could signal another Era for the Bitcoin blockchain. Decentralized finance and DApps on the oldest cryptocurrency blockchain will be an interesting one to see. Seriously, it will be even better if we just focus on making Bitcoin a perfect P2P payment facility. But that’s my opinion and it doesn’t even matter.

What else?

What else? This post surely didn’t cover everything, neither are the predictions correct. But before you laugh at the ‘ridiculous’ predictions, let’s know what we missed out on, and your personal predictions as well. No, don’t start with Michael Saylor buying more Bitcoin, that’s surely going to happen since the man actually wishes to own every Bitcoin on Earth. Also, what is a Bull run without ridiculous gas fees on Ethereum and some other L1s and even L2s? Maybe good news for projects like ZkSync and Arbitrum. Well, What else?

Concluding, it will be really interesting to see how these events unfold during the year. Sometimes things don’t really work out the way we want them. Hopefully, the disappointment is your memecoin printing a 10X instead of a 100X. Anyways, it’s all the same if you pass up on the profit-taking opportunities. On a more serious note, 2024 might not be business as you know it, even a semi-bear like myself is feeling so bullish! Looking forward to it!

Happy New Year!

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01/01/2024
How crypto fared in 2023

2023 is one of those events you cannot describe with one word. It’s been a hell of a year! If anyone in the government gets to read this; consider extending the holidays. Unfortunately, in the capitalist world we live in, this isn’t even up to the government anymore. One of the year’s biggest events in crypto is Bitcoin’s climb to $44,000 from levels below $17,000. An over %150 rise in a year is a significant one. Ethereum hit $2,300 as well…at least we are leaving this year better than we met it. Yes ‘WE’.

Well, while you decipher that, here are some of the notable events of the year;

Rug Pull, court, jail

Forbes’ ’30 Under 30’ is the new prerequisite for jail time, at least that’s the new conspiracy theory. It’s not really a ‘theory’ when we’ve seen it play out quite a couple of times this year and even the years before. In the crypto space, there’s been lots of court time and jail time. Luna guys, FTX guys, and maybe Binance too. Different levels of Rug pull. We will keep calling out the memecoin rugpulls, but the CEX rugpulls are a thing. The space needs regulation, no doubt, even though the regulators aren’t the best kind of people. Several interventions have seen notable figures in the space go through court sessions and potentially, jail time. Financial crimes aren’t a joke, but we can’t keep ourselves from finding something funny out of any situation…like the courtroom painting of Mrs. Caroline.

Institutional insurgence on crypto

Multi-billion dollar mainstream financial institutions are steering into the crypto space in many ways. The mainstream VC invasion has been a thing for a while, but some big money institutions are launching spot ETFs for cryptocurrencies. Bitcoin, Ethereum, Bitcoin Cash, and LiteCoin. According to rumors, there is one for XRP…and PEPE. Not sure about these two but if the rumors are true, then the theory about mainstream institutions “coming for your Bitcoins” might be true as well. The BlackRock spot ETF for Bitcoin is yet to launch, but ‘rumors’ have it that we are close. Didn’t happen this year, maybe next year. Regardless, of the intent, we are seeing an increased mainstream exposure. This could be good for the price, we are not sure what it means for ‘Satoshi’s Vision”, but the random altcoin trader will take a solid 10X over that.

L2, Meme, Cashout, repeat

Over 11,000 cryptocurrencies are listed on asset-tracking platforms. Untracked assets are at least twice this figure, mostly memecoins. ‘Blue chip memecoins’, RugPull memecoins, and proper memecoins that accept their fate as being reliant on pumpamentals…and luck. But if you made that quick 10X on assets like this, then you can proudly enjoy your win. Like the past two years, 2023 witnessed a flood of memecoins, just like the tons of Layer-2 scaling solutions that launched this year. For each new L2, there are at least 50 memecoins, we’ve lost count of the memecoins on Ethereum and other L1s. Many L2’s usage statistics ride on the back of memecoins, and this is fine. We just want you to know that Memecoins didn’t die in 2023, we’ll check again in 2024.

Bitcoin – The new ‘Ethereum Killer’

BRC-20, BitVM…the Bitcoin blockchain now runs its own kind of smart contract. On the bright side, you can inscribe data on the Bitcoin network, on the other side, the Bitcoin blockchain was developed for the sole purpose of P2P transactions. The experiments are cool, but the after-effects are also significant. But this is not the time to say these; this paragraph only serves to inform readers that Bitcoin could be gearing up for a (very) new set of utilities. BRC-20 tokens and NFT-like inscriptions made the wave in the second and third quarters of 2023. The hype has died down since this time. The team behind BitVm is developing a Virtual Machine for the Bitcoin blockchain, these developments could shape 2024.

The Airdrop hunting continues

Every new protocol that launched in 2023 reached the one million user milestone in a very short time. We’d like to attribute this to the quality of these projects. But once we are done with that, we’d also like to talk about an obvious major contributor – Airdrop hunting! Lots of juicy airdrops from 2020-2022 and no one wishes to be left behind in the next multi-thousand dollar earndrop. So, the hunting continues. Good enough, even more projects have conducted such programs this year; Arbitrum, Celestia, PYTH network, no need for a long list. The average airdrop hunter should have something to show for the ‘hustles’ this year!

Not to jinx it, but 2023 looks like a perfect tone-setter for a massive 2024. The coming year is packed already and this year has done a good job at shining the lights to even better things…hopefully. If we don’t witness another Luna-level collapse, 2024 might just be the year. 2023 was a huge role-player here. The whole space has gone through a huge rebuild and regardless of how it went on individual terms, it is another one for the record books. And if you ever thought memecoins would fade out one day, this year is a good reminder that things like this are part of what makes this space what it is. The lights fade; the show continues in 2024!

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27/12/2023
The 2023 scripts – CryptocurrencyScripts Annual Report

CryptocurrencyScripts serve one purpose – to give investors something to read; when they wish to. We admit that the current setup isn’t perfect for this goal, but this is a work in progress. For the ‘work’ in progress, we have spent another year working on everything we want CryptocurrencyScripts to stand for; humor, simplicity, and versatility. In general, 2023 has been another step in the right direction.

Wrapping up an impressive year, we present our annual report, as usual. We understand that our readers could have missed some significant developments, or better said, some developments we feel are ‘significant’. Now, we aren’t good with hype words, so the following updates are as plain as they can be!

Here’s how we ran through the year;

In 2023 we;

Built a community for Writers…and readers

The regular cryptocurrency investor is more interested in partnership, airdrop, and technical exploitation announcements. How-to guides come immediately after these. Lesser attention is paid to regular articles, which form the bulk of our publication, but we are glad to operate in this area, and we are assembling other writers who hold this belief too. As part of our effort to pool writers into a single community, we created the CryptocurrencyScripts medium publication. Don’t ask how we could afford the $50 annual medium membership for this feature! Just visit the Cryptocurrency Scripts Medium publication. Join a community of writers.

FYI over 700 investors read our publication every month! Rookie numbers? Nope? Thanks!

Didn’t stop writing

We are writers at heart, for the passion and the Pa$$ion. The former supersedes and this is why we keep working on the next paragraph. For cryptocurrencyScripts, external projects, and for individual media projects, we didn’t stop writing, and we are planning to change this anytime soon, even when the readers stop reading. CryptocurrencyScripts is built with words, for words.

Traded memecoins

Before you read the next words, CryptocurrencyScripts is not a fan of Memecoins. But we’d like some quick profits and memecoins are some of the quickest movers, and we mean this in both directions. So, we dabbled into a few of them; the dog-themed ones. We can’t say the same for the writers in our community, but if you are still wondering how we got $50 to pay for a Medium membership, your answer might be staring at you.

Watched the Charts

If you trade memecoins, or any digital asset, then you surely watch the charts. That’s what brings us all together. We weren’t left out, GeckoTerminal to watch memecoin charts and Coingecko to watch every other chart. DexScreener is cool too. You certainly have your picks, TradingView probably. Whichever one, the number of times you open these in a day is what sets you above others. We should be somewhere at the top of the list.

Started the Snack Talk series.

Everyone loves to shit-talk while they chew on a sugary snack. Same here! We started a series where we pick up snacks and talk about the crypto space while we eat them. Not a serious thing to do? Of course, you are right, but it’s certainly a fun thing to do, which is why we do it once in a while. The crypto space is only fun during the Bull Run, so the series is a bit slow. If the bull season eventually returns we can drop these things faster.

What’s your favorite snack? Check out our snack talk collection.

Closing up; We are gradually drawing the curtains on another rewarding year and are even more inspired to do better next year! If there is anything we are most proud of, it is the fact that you are reading these words and probably enjoying them. We are growing as fast as we can, organically, and we want our readers and followers to be made up of people who are interested in reading more from us. Remember to hit the follow button if this is you.

20/12/2023
Snack Talk – The Cheesecake

We are all in support of a well-regulated crypto space, but the regulators should at least get the pronunciation right for the firm they are prosecuting. Well, maybe we’ve all been pronouncing it the wrong way. The memecoin peddlers are already having a field day with that one and that’s fine, a few 10x on those BENANCE coins wouldn’t hurt…before they pull the rug.

4.3 billion cheese in the pocket, you can see the idea behind the title now. The SEC could run solely on the money made from crypto firms in the past three years. Can’t lie, the whole space needs to be tightened up, it is currently loose. But I suggest that Mr. Logan should at least give back some of the money he made from that sports drink stuff to the guys he ran away with their cheese for some NFTs that never came to life.

A silver lining; Bitcoin rose past the $30k area and Ethereum breached the $2,000 level. Even though I don’t have much of those, some altcoins have seen a few gains too. Wondering how I could afford another snack? You have your answer now. I had the opinion that bull runs were fueled by greed and hype, this one could be fueled by conspiracy theories. The Bitcoin ETFs are taking quite some time to go live, the real problem is… every cryptocurrency appears to be getting a Blackrock ETF too. Solana, XRP, PEPE. If you believe the XRP part, you should believe the part PEPE too.

Memcoins should find a way to include an ETF in their ‘utility’ list, but if “they got rid of CZ to pave the way for an industry-controlled Bitcoin” then these ETFs should pack more punch than we expect. Since we are all here for the money, this should be good news, right? No? Have fun explaining the ‘satoshi vision’ to the regular investor who just wants his altcoin to go 5X.

If you want proof that a good percentage of ‘cutting-edge decentralized AI projects’ is just an extension of ChatGPT, the price movements of these projects in response to the hide-and-seek at OpenAI is your best proof. Sack, re-employ; turns out these jobs are more secure than we thought. For whatever reason these guys sacked Altman; the employee movement sufficed…they probably had a hard time understanding Sam’s codes though.

The AI team at X launched a more vicious ChatGPT – GROK. There are more chances that you saw that name first in the Memecoin market. But yeah, crypto always moves first. If there is anything I’m convinced about in the coming bull run, it is that AI coins are going to run to show.

Gensler believes in the possibility of rebooting FTX Exchange. Associated tokens have since gone haywire, and if FTX gets rebooted, the next on the list should be Luna. USTC might already be trading around $0.1 by the time you get to read this article. Still, a long way to go for a dollar-pegged coin, but in this space, ‘never say never’. FTX, Luna, Voyager, Celsius…the list is long, but, one after the other.

I’m revealing the snack of the day for the first time; since everyone is getting cheese, it’s just reasonable to get a cheesecake, and Sprite. Unlike the guy behind the KyberSwap exploit, a handful of snacks could get us ‘fully rested’ in a short while. The Poloniex hacker and the SIM swap guys made the list of ‘cheese getters’ too. Guess the whole space is just about people getting cheese.

Bankman Fried and other FTX guys will learn their fate soon, I will have to drop the pen here and return whenever we have definite news. But if Bitcoin crosses $40,000, then we might be back sooner than expected. Gone past the 600-word point too. Just in case you read up to this point; see you next time…guys! And hit the FOLLOW button!

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29/11/2023
How DexCheck improves investment success

DexCheck is your crypto investment assistant. Just like investors in any other sector, cryptocurrency investors are in constant search of applications that help them make more informed decisions and also lessen their investment research and routine trading workload. Investors have found applications in DexCheck’s ecosystem really useful. DexCheck’s principal goal is to improve an investor’s chances of making a profitable trade. These applications are structured to suit investors of different abilities. If you are searching for a one-stop investment assistant, DexCheck might just be it for you. Let’s take a look at how DexCheck is empowering investors using diverse applications;

Automated portfolio manager: Smartfolio

The smartfolio is a Telegram-based portfolio manager. Smartfolio keeps a watch on your investment for you while you focus on other aspects of your investments. By developing a portfolio manager that works on the Telegram application, DexCheck selects an application that investors use routinely. Telegram is one of the most widely used mediums of conversation and smartfolio fits in just well. Investors can receive push notifications about changes in the price of the asset they invested in and decide their next moves. To use the smartfolio, investors simply need to interact with the bot and enter details of their investments, this includes the assets and the amount they hold.

Smartfolio can also track assets in a provided wallet, an investor simply needs to provide the wallet details. Smartfolio connects to the wallet to obtain information on assets being held on supported blockchain networks. Smartfolio currently supports over 10 blockchain networks, this could improve with time as well.

On-chain analysis with clear-cut technology

DexCheck has developed wallet trackers, Dex trade analytics application, top traders’ trackers, and whale trackers as well. These applications are designed to obtain information from the blockchain and present pre-analyzed data to investors in a way that allows them draw conclusions easily and accurately. On-chain analysis can reveal information for investors, but most investors either use them inappropriately or below their maximum capacity. DexCheck’s on-chain analysis tools guide investors towards making the best out of on-chain data.

AI-engineered investment insight application

InsightGPT is another utility application on the DexCheck ecosystem. InsightGPT used artificial intelligence to analyze trades on decentralized exchanges. It obtains trading data and evaluates them to detect high-profile trades. These trades are usually from traders with high positive PnL and assets traded between wallets with running records of profitable trades. DexCheck informs investors of such trades and allows them to decide their next moves. These insights are actionable, they are ‘useful’ to investors.

Passive income opportunities and investor empowerment

For investors who hold DCK – the native token of the DexCheck ecosystem. DexCheck offers numerous ways to benefit from investing in the project. DexCheck’s revenue-sharing program allows investors who hold DCK to benefit from the fees generated on the platform. Holders also have access to pro trader applications and can also benefit from staking programs on-chain and on centralized exchanges.

Closing Thoughts

What’s your approach to trading? Traders seek profits in different ways and different levels of success have been recorded for each approach. But if you seek to pursue investment success through well-researched investments and by augmenting this research with efficient tools, then you might want to give DexCheck a try. The smartfolio and InsightGPT have seen a higher user headcount, but other analytics tools in the ecosystem are also thriving. We have reviewed these applications and how they work, investors can also seek better ways to put them to use.

Having said this, it is important to note that this article only educates users on applications in DexCheck’s ecosystem and is not financial advice.

20/11/2023
DexCheck is solving a billion-dollar problem.

The bulk of crypto transactions are peer-to-peer transactions and trading transactions the former might not always be profit-oriented, but for a majority of cryptocurrency trading transactions, the participants hope to generate significant profit from their transactions. Compared to other financial investments, crypto investments are ‘special’. The technology and the core financial aspects intercept at a point.

Cryptocurrency investors report grave losses annually, these losses run in billions, cumulatively. On individual terms, investors have reported losses ranging from a few thousand to even millions. There are some common causes; in any case, the most popular one is the lack of correct information. While many investors simply gamble their investments, a good portion perform actual research, but unfortunately, adequate tools for this process are unavailable at times. DexCheck – a blockchain and AI project is putting up solutions to the core issues investors face in the crypto space.

DexCheck’s solutions are tailored for the everyday investor. It is an ecosystem of tools that are focused on assisting investors to make the right decisions. Here’s how DexCheck solves these issues.

Trading losses to wrong information

Thanks to decentralized trading platforms, routing trading transactions can now happen on-chain, exclusively. Even investors who trade on centralized exchanges leave footprints of their activities when they move their funds to their personal wallets. Part of an investor’s research process is studying the on-chain activities of other investors and using information obtained from this process for their own good. Investors fail at getting the right information from on-chain analysis because these information are raw and sometimes hard to piece together.

This is where DexCheck shines. DexCheck is developing a suite of applications that can be used for on-chain analysis. DexCheck’s applications track activities on decentralized exchanges, and individual wallets to obtain raw data and process them into useful information for an investor. It removes human error from on-chain analysis and offers machine-level accuracy to information obtained this way. DexCheck also has analytic tools that track high-profit wallets to enable users to trade along with investors who are markedly more informed than they are.

Trading losses due to poor timing

Crypto trades happen quickly and cryptocurrencies are known to be volatile. Therefore, significant changes in asset value can happen in the shortest period and traders who fail to follow up with these changes could run into losses. Also, many investments, albeit brilliant, were made at the wrong time. DexCheck offers two solutions to this; first, a tool that allows traders to execute trades quickly and tools that track the movements of other investors in real time and notify the investors.

The first tool is the DexCheck Telegram trading bot, the second tool is DexCheck’s InsightGPT. DexCheck’s trading bot allows investors to trade from their Telegram messaging applications. This bot connects to decentralized exchanges in over 15 blockchain networks and allows decentralized trading of over 1000 crypto assets. investors save ample time by completing their trades from the Telegram messenger interface as compared to visiting a DEX, connecting their wallet, and going through the process of setting up the pairs.

InsightGPT is a powerful trading assistant powered by Artificial intelligence and developed with gilt-edge data analytics algorithms. It screens traders’ transactions to detect high-value trades and notifies investors using simplified language to ensure that every investor is able to comprehend the message it conveys. High-value trades are trades that have high chances of being profitable. InsightGPT users have reported increased profits.

Reluctance to trade due to trading complications

Crypto is complicated, no doubt. The basic technology is daunting, but this is just the smallest part. Sometimes the procedure for other trades is more complicated than usual. Traders miss out on good gains because they are reluctant to take the long route to purchase these assets. DexCheck’s Trading bots tackle this by handling trades on behalf of the users and offering a simpler route to buying and selling crypto assets. DexCheck makes crypto trading relatively easier and puts traders in charge.

Closing Thoughts

Investors are trying out DexCheck, the results have been impressive so far and these tools are still being built. With scheduled upgrades and new additions, DexCheck’s applications are set to work even better in the future. The billion-dollar problem is investors losing tons of money to the issues presented above. DexCheck operates in a trillion-dollar market and offers utilities to traders. As investors levitate to these solutions, it will be interesting to watch how the project grows in the future.

17/11/2023
Exploring DexCheck token ($DCK) Utility

The DexCheck ecosystem is powered by the DexCheck token. DexCheck token currently trades at $0.022 at the time of writing with a total market cap of just $3 million. The DexCheck ecosystem is built to grow mutually with the DexCheck token. The DexCheck token can be traded on decentralized exchanges on Ethereum and Binance Smart Chain (PancakeSwap) and centralized exchanges like Kucoin and MEXC.

For the over 6,000 investors who currently hold DexCheck tokens in their personal wallets and investors who will be buying this token in the future, there are a number of benefits. These benefits are related to the ecosystem and beyond it.

We explore some of the use cases of the DexCheck token.

Platform access and privileges

Staking the DexCheck token qualifies you for numerous benefits on the platform. One of these benefits is access to special applications according to the tiered provisions. Note that you only need to stake your tokens to qualify for these benefits. Staking at least 20,000 DCK tokens allows you to enjoy pro traders’ features.

This includes access to applications like InsightGPT and top traders analytics. Staking the DexCheck token also gives you access to the IPSO and allows you to participate in the revenue-sharing program.

IPSO is DexCheck’s launchpad which is open to stakers only. Stakers are given the opportunity to invest in new projects before they launch. The revenue-sharing program allows stakers to benefit from the platform’s financial success.

Passive Income Opportunities

DexCheck offers income opportunities to holders of the DCK token through staking programs and yield-farming opportunities. The on-chain staking program offers APY of up to 35%. APY varies according to the selected lock-up period which could be up to one year.

DexCheck also partners with centralized exchanges to host staking programs for investors. the recent staking program in partnership with Kucoin offers investors up to 100% APY for staking their tokens on the exchange. Liquidity providers for the DexCheck token trading pairs on decentralized exchanges also earn from the trading fees paid by other traders. The revenue-sharing program is also a good income opportunity presented by DexCheck.

Governance

The DCK token also plays a role in the administration of the project, DCK holders, through the DexCheck DAO can vote on proposals concerning the development of the project. Through the DCK token, DexCheck tokenizes the governance of the project, this makes for decentralization at every level. DCK token holders can vote on proposals related to platform upgrades, fee structures, token burns, and other important decisions. Holding the DCK token gives you a say in the project you are invested in.

Intrinsic value investment

The value of the DexCheck token fluctuates over time. Investors bet on the possibility of the token’s value appreciating over time according to market conditions and the project’s fundamentals. While market conditions are unpredictable, projects with strong fundamentals are known to grow over time. DexCheck has solid fundamentals the token’s value has been in appreciation for a majority of its existence. In addition to the utilities mentioned above, holding the DexCheck token can also return tangible value to investors. Investors can decide to hold the tokens and trade them in when the value grows or commit them to any of the passive income programs for extra benefits.

Closing Thoughts

Click here to see active trading pairs for the DexCheck token. We have discussed a few benefits of holding the DexCheck token. These are accurate at the time of writing. These benefits could improve as the project continues to grow, but it is also important to note the risks of investing in crypto assets. It is recommended that investors do proper research before purchasing any crypto assets. Also, note that this article is not financial advice.

15/11/2023
DexCheck Pro trader features you are missing out on.

DexCheck is empowering cryptocurrency investors to make informed decisions in their routine investments. By making actionable data available at every trader’s fingertips, DexCheck hopes to improve the recorded success rate for cryptocurrency investments. In a space as volatile and challenging as this one, this is for sure a tasking goal. I have made a number of reviews of the different applications in the DexCheck ecosystem. The telegram bots and the wallet analytics applications are at the top of my list, but there is still a whole lot to discover.

The Telegram bot and most of the analytics applications are free to use, technically, all applications in the DexCheck ecosystem are free to use. However, the pro features will require you to stake some DexCheck tokens. By staking the DexCheck token, you also get to enjoy tons of staking benefits in addition to gaining access to the Pro features. There are two tiers, expert and Oracle. To enjoy expert features, you will need to stake at least 20,000 $DCk. The Oracle tier is the most advanced tier and gives you access to every feature on the platform. The required stake to enjoy Oracle benefits is 100,000 $DCK. At current DCK token prices, this is about $2000. You can purchase DCK tokens from Kucoin, PancakeSwap, and MEXC exchange. Click here to enter the DCK staking portal

Here are some pro traders’ features you are missing out on

InsightGPT

Insight GPT is DexCheck’s flagship AI-powered investment tool. It is only available to pro traders and packs a lot of powerful data-driven analytics for every investor. Under the hood, InsightGPT is a data-sourcing machine that is designed to collate related data and analyze them into presentable information in single sentences. It leverages the ‘Smart money’ feature which is also available on DexCheck. Smart money is a collation of top traders for specific crypto assets. InsightGPT proceeded to apply an algorithm to analyze these data. For instance, if two traders featured in the smart money list buy the same assets, then the asset is deemed a potentially profitable one. InsightGPT proceeds to notify Pro traders of this transaction in plain words. An InsightGPT data presents a brief summary of the trader’s records and an insight into their most recent trades.

An insightGPT alert takes this form,

For any trader, this takes up the bulk of their copy trading process and gives them ample time to follow up with the most experienced traders in the market. InsightGPT combines the functionalities of wallet analytics and whale tracker applications and employs artificial intelligence algorithms to develop a compact data machine. The Artificial Intelligence arm of insightGPT is schooled on the best trade moves and the core signs of an experienced trader. Just like most other AI-powered applications, InsightGPT is in evolution. While the current stage is quite impressive, it will be interesting to see how the DexCheck team hones the application to adapt to even newer trading moves.

How to use InsightGPT for your trading.

Click here to access the application on the DexCheck Platform

The InsightGPT interface is real-time and newer information is shown as soon as the application detects, you can follow up on a specific trader or simply screen through the sniped addresses.

You can also run analytics on a trader that interests you. To do this Click Analyze from the top right corner.

This takes you to the Wallet analyzer interface for the address. Here’s how to navigate the wallet analyzer interface;

How to use the Wallet Analyzer.

First, the network section presents a list of blockchain networks where the address is active.

You can navigate to the different networks by simply clicking on them. The analyzer presents information for the selected network Only.

On the Top section of the wallet analyzer page, you can see the calculated PnL for the address, the total volume of trades made on the selected network, and the total value of the asset in the wallet’s custody.

The page usually opens to the PnL calculator, otherwise, navigate to the PnL section by clicking PnL calculator from the options in the left corner.

The PnL page presents the profit and loss the address has across different trades on the selected network. You can see a detailed breakdown of each trade and the profit or loss generated for the trade(s)

To see a breakdown of the assets in the trader’s custody, click Holdings from the menu to navigate to the Holdings section. Here you will see assets the trader is invested in. if you wish to limit the presented assets to assets listed on Coingecko only, check the box next to Coingecko Tokens in the Top right corner.

The Trading history, the Buying, and the Selling section show a further breakdown of trades by the wallet. You can navigate to these sections to obtain detailed information on the separate transactions.

Setting up a notification

You can set up notifications to follow a wallet closely. The Notification feature is a function of the DexCheck Telegram wallet-checking bot.

To use this, click the bell icon from the top section, beside the wallet address.

This should immediately open your Telegram messenger or request permission to open the Telegram messenger.

We covered the control procedures for the Telegram wallet tracker bot. Check out this article for the Wallet Tracker bot guide.

You can now set up a notification for the wallet and get a push notification on your device when the wallet makes a trade.

SmartFolio

Smartfolio is your intelligent portfolio manager and investment assistant, it is a Telegram bot that helps you track your investments and updates you with signals and price movements as it concerns assets in your wallet. You can integrate your wallet into the bot or manually add the assets you are invested in.

Here’s how to manage your portfolio using the Smartfolio Bot

Click here to navigate to the smartfolio section

This automatically opens the Telegram Bot.

Click Send Message to open the Telegram messenger

Click Start to continue

Click My portfolio to add asset

This returns a message with an option to import your wallet or track the asset manually

To track assets manually, click Add Coin manually.

Enter the Smart contract address or the name of the coin you wish to track

The Bot presents a list of similar assets, Choose a line number that applies to the asset you wish to track

Now enter the amount of the asset you own. Send to complete.

To add import your wallet, Click Wallets from the menu.

Click Import Wallet address to continue

Enter your wallet address and send

The bot now tracks the assets in your wallet

Click My Portfolio from the Main menu to see assets

To set up an alert

Click Smart Alerts from the main menu

Click Add New Alert.

Enter the line number for the alert you wish to set.

You will receive alerts as it applies to your choice.

Top traders (for fungible tokens and NFTs)

The top trader’s features are another quite interesting application available to pro traders only. Like InsightGPT, it is a data-driven machine as well, however, it gets quite interesting. Instead of presenting the data on interesting trades separately, the top traders’ feature collates high positive PnL traders and traces these trades down to the maker, then it runs a calculation on the total profit and loss generated by the trader. It then shows on the interface, the traders with the highest gains over a specific period of time. This feature is flexible, you can adjust the timeline for the calculations and filter your searches to narrower data. The Top Traders application (for fungible tokens) supports over 20 blockchain networks and 30 decentralized exchanges

The interface is quite intuitive and also has a link to the wallet analyzer to allow you to perform deeper studies on the trader.

Here’s how to use the top traders feature (for fungible tokens)

How to Identify Top Crypto Traders Using DexCheck

Click here to navigate to the Top Traders application.

The list is set to a specific network, Click the Network section from the top right corner to select a desired network.

You can now see the list of traders with the most successful trade on the network. This is initially set to 30 days period.

To change the period, Click on Time Basis, you can set it to 7 days or 24 hours.

You can also arrange the list according to the Traders’ PnL and unrealized profit. Click on any of these as shown above.

To run a deeper analysis on the wallet, Click Analyze from the right corner to access the wallet analytics page for the address. Follow the wallet analyzer guide above to navigate through the wallet analyzer interface.

How to Identify Top NFT Traders on DexCheck

Flipping an NFT for some profit isn’t really as easy as it appears, but some popular NFT traders have mastered this trade and constantly print profits in their NFT trades. As a newbie and regardless of your expertise in the sector, following up traders with a recurring record of profitable trades can improve your performance as well. With the DexCheck Top NFT Traders application, this is much easier.

The Top NFT Trader application works in a similar fashion as the Top Crypto Traders application, but it tracks NFTs instead. Also, the Top NFT Traders application only supports the Ethereum network at the time of writing.

To use the Top NFT Traders application;

Click here to navigate to the application

The landing page lists NFT traders with the most profits in a period of time. Click the duration box in the top right corner to change the duration.

To run a deeper analysis on any of the traders, click Analyze Address from the top right corner.

The wallet analytics page for NFT traders is similar to that of crypto traders. Refer to the wallet analyzer guide above to navigate through the wallet analyzer interface.

Closing Thoughts

We could see traders raving about insightGPT, this is quite understandable, the lead it gives the everyday trader is handy, but the underlying technology is even more impressive. It is likely that we see this tool develop into a more capable application. However, the Smartfolio comes close in terms of utility. By being integrated into the telegram messenger, it delivers its role perfectly. Still, one to keep tabs on as the project develops. The Top Trader feature might also fall down the pecking order as InsightGPT continues to evolve. Either way, it is still a handy tool.

The point here is, looking at the utilities of the pro trader features and how accessible they are, every trader should consider trying these out. Even better, newer features will be available to pro traders.

We have covered a few aspects of DexCheck from the technological point of view. Check out some of these articles

A definitive Guide on how to use the DexCheck Telegram bot.

How to perform on-chain analysis using DexCheck Analytics tools.

For more resources

Follow DexCheck on X

Available utilities on the DexCheck Platform

Join the Telegram community

03/11/2023
I’m buying into DexCheck (DCK); Here’s why you should consider doing the same.

Alright, I get it; investing in a promising low-cap crypto project is a no-brainer and everyone knows this. So I guess you are wondering why I am making a fuss about this. But DexCheck is actually a bit special to me. The feeling is the same as when I bought Fantom (FTM) at $0.003 in 2019. I’ll save the long story for whenever.

I stumbled on DexCheck while researching cool low-cap crypto projects to invest in since the whole market looks like a black Friday discount right now. The potential for the $DCK token to moon in the near future is there, but the technology, the community, and the team (of course!) are what impressed me most. I’ll put an early disclaimer, this is simply a review by an impressed user and not financial advice. Having said that, I’ll reiterate the positive impression the application has left on me.

If you wonder what DexCheck is;

DexCheck is an investor’s best friend. It is a suite of investment utilities powered by Artificial Intelligence (AI) and blockchain technology. DexCheck utilities range from deep asset analysis to expert investment suggestions backed by strong data. With an integrated decentralized exchange powered by Kyberswap, DexCheck lets you implement your analysis by making a sale or purchase. It offers a full suite of trading utilities and tops it off with a Revenue sharing program that offers passive income opportunities to top users and community members.

Sometimes I’m not so good with words and I admit that this description is a bit shallow. I will take these features one after.
First, from my experience so far, DexCheck truly works!

I subscribed for a DexCheck Oracle account that allows me to enjoy all of the available privileges. To subscribe for a DexCheck Oracle account, you only need to stake 100,000 DCK tokens (luckily this costs less than $2500 at current token price!) and enjoy staking rewards as well!

Free-to-use DexCheck utilities include Token Analytics, Whale tracker (For NFTs and Fungible tokens) and the Token unlock features.

For traders who take the vesting schedule of assets into consideration before investing, the Token Unlock feature details the vesting scheme for every token. You can now see when the next big supply is getting released with a single click.
The DexCheck Whale Tracker.

I’m particular about the DexCheck Whale Tracker! The Whale Tracker screens through decentralized exchanges to detect huge transactions and the wallet behind these transactions. It offers a one-click access to a full analysis of the wallet. Considering the prevalence of whales in the crypto space, this is a must-have. I snipped up a couple of giant PancakeSwap and Uniswap Whales with realized PNLs of over $150,000 and set up an alert on their trades. This takes the bulk of my Whale watching duties!

Trading Features for Pros!

The upgraded version of the Whale Tracker feature is available for pro traders. The Top Traders feature screens through Dexes and NFT trading platforms to detect wallet addresses with the highest ROI on trades. Using the top traders feature lets you see what the best traders are trading and how much they commit to their trades. This is available for NFTs and Fungible tokens as well.
Alright, I’ll get to my favorites, the Telegram bot and DexCheck’s trademark insightGPT.

InsightGPT: In-depth Trading Analytics powered by Artificial Intelligence!

In case the whale trackers and the Top trader’s features don’t cut your workload enough, insightGPT is what you’ve been looking for! InsightGPT is a next-level automated trading analytics application. According to DexCheck, InsightGPT leverages Artificial Intelligence to analyze vast data in real-time, enabling it to provide actionable insights. InsightGPT offers smart money alerts and details on winning traders.

InsightGPT is your loyal transaction and big operation sniper! The dashboard is an all-around optimized interface that allows you to get regular delivery of interesting moves for specific tokens and take prompt action, you can quickly follow the featured wallet to get an alert when the trader moves again.

For most, InsightGPT is an advanced version of the wallet tracker and the top trader feature, but it is actually a way to augment the two. It combines the core functionalities of the two applications but the best trading will be made by the trader that is able to fuse the three utilities together.

DexCheck Telegram Bot: Advanced crypto trading Telegram bot

It gets even better with the DexCheck Telegram bot. I admit that sometimes, it could be tedious to swing between different decentralized exchange platforms just to make your trades. This is a time-tasking process as well. The Dexcheck Telegram bot is a fix for this. It offers investors a way to execute normal and advanced trading activities from the comfort of their Telegram Messenger.

The integration process for the Telegram bot is easy and requires no technical experience. Once installed, you can trade on decentralized exchanges, Track cryptocurrency wallets, and perform advanced trading operations like Sniping trades. I’m a bit excited about the potential of this particular feature.

The Snipe trading bot screens exchanges to detect profitable opportunities and trade accordingly. For instance, the snipe trading bot notices newly added liquidity pools and moves to make a purchase before anyone else does. This allows you to purchase tokens at the lowest price and trade them in for a profit when full trading starts. The Snipe trading bot is equipped with advanced trading and analytics algorithms that enable it to run trades better than the regular trader. One thing I left out, the Snipe bot is automated, you can simply set it up with funds and it runs on its own.

You could mention a handful of similar projects, but DexCheck stands out for a couple of reasons. I’ll list them;

A Truly working application

I took the time to go through the features on DexCheck. It is easy to draw up a prototype but harder to develop an application that works as stated on paper. DexCheck runs as stated and the positive first impression was sustained throughout the times I used the application. From the smart contract token analytics to the trader and wallet analytics to the advanced Telegram Bot and the AI-powered InsightGPT. Each application leaves you coming back for more. Even without subscribing to the pro-trader feature, DexCheck offers the utility that most normal traders lack and crave.

An intuitive interface

DexCheck might sound very technical and it actually is. But these complexities are packaged into an intuitive user interface. Regardless of your technical abilities and your knowledge of the crypto space, DexCheck is very easy to use. Each feature is distinct and easily accessible. In case of confusion, the DCK team has also shown dedication to guiding users through using the application.

Have a question? You can join the Telegram community and the MODs will be happy to help!

Investor-friendly tokenomics

The DCK token is at the heart of the DexCheck applications. The DCK token powers the DexCheck application’s economy and supports its ecosystem to promote application usage and incentivize user involvement. DCK is a BEP-20 token on the Binance Smart Chain. The DexCheck team has developed a scheme to grow the DCK token and also fast-track the project’s growth through its token.

Via a symbiotic growth scheme, the DexCheck application and its token are designed to grow in utility and value. DCK is used in the project’s governance through the DexCheck DAO. DCK holders vote on new features and changes to the project’s operations. DCK token is also used for purchases, subscriptions, and user reward schemes through the Revenue sharing program.

Check out active trading pairs for the DCK token.

A Promising Team

This should actually come first but I had to save the best for the last. The success of any project depends 60% on the team behind it. Looking at the DexCheck team, the advisory team, and the partners, we could see this project climb to higher highs in the near future. Partner projects are prestigious and DexCheck is integrating across notable blockchain networks and communities including Polygon and Fantom. The DexCheck advisory team is made up of top officials from Polygon, ChainGPT, Kucoin, and Maven Capital.

What’s Next?

I took a look at the DexCheck roadmap and it looks packed for the future, the last quarter of the year will surely see many exciting releases the AI-DexFolio and the AI-arbitrage scanner are some of the new features I am looking forward to. It is interesting to see how the project employs Artificial Intelligence in these two new features.

I’ve personally picked interest in arbitrage trading multiple times, but it is clear that arbitrage trading will be a very tough thing to do without some sort of automation, the AI-arbitrage scanner might just be the tool that finally unlocks arbitrage trading.

Closing up

The thing is, I attempted to go through every utility that DexCheck offers, but this whole article is in fact, a scratch on the surface. I’ll eventually follow this up with even more articles and possibly some user guides and personal tips. Not sure how soon this will be anyway. However, the project is evidence of the evolving trading culture and the role of advanced technology in improving trader’s decisions. As a cryptocurrency investor, you are already wondering how these features will boost the price of the DCK token, I do too. And while I already bought some DCK tokens, I’m focused on discovering the best ways to put the basket of utilities on the platform to use. The general design makes it easy to do this.

Loving DexCheck already?

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16/10/2023