Prediction market XRADERS creates a new G2E gameplay to track the smart money of crypto trading experts

Author: Frank, PANews

The prediction track is attracting more and more users, especially when the overall market enters the grinding stage of consolidation.

To correctly predict the market means to be at the forefront of the market and always have the initiative. Recently, XRADERS, a decentralized encryption prediction expert platform, has reached cooperative relationships with many well-known projects such as UXLINK, SecondLive, and DIN in a short period of time. XRADERS' G2E gameplay has created a new model that relies solely on data accuracy, and has attracted a large influx of users. With more than 80 million transactions on the platform as of June 28, XRADERS is becoming a rising star in the cryptocurrency prediction market.

The guessing and earning model and voting system create a new way to play predictions

XRADERS is a decentralized market prediction and expert opinion sharing platform. Its name comes from the combination of English experts (experts) and traders (traders), using blockchain technology. Transparent data recording and trust building, delivering curated expert insights to provide investors with actionable information. 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 reliable environment for user interaction.

The main product of the XRADERS ecosystem is the Coinlive APP. Coinlive combines social attributes with market predictions. At present, 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 choose to make short-term predictions on the Bitcoin market with one click (prediction within 1% range, 0.5% on each side). Once the market moves in the predicted direction, it will automatically predict when the corresponding price is reached. Trigger a win or a loss.

In addition to the G2E mode, Coinlive also has a decentralized voting system where users can vote to allow experts with better winning rates to gain more exposure. Likewise, users can be promoted as experts through higher prediction accuracy.

It is worth mentioning that whether it is G2E’s gameplay or voting system, all the intermediate activities are uploaded on XRADERS.

Completely fair and objective flywheel growth model

This gameplay can make those experts with real prediction capabilities stand out, and users can also gain benefits by following the predictions of more professional opinion leaders. In April 2024, XRADERS topped the list of BSC chain social Dapps within less than 3 days of going online, and remained in the top ten of the overall list. In that month, XRADERS also attracted more than 650,000 monthly active users, more than 160,000 daily active users, and users' G2E times exceeded 11 million times.

Attracting huge user participation relies on a growth flywheel model. On the first level of this flywheel, initial user growth and ongoing bonus activities can help those more professional players stand out and produce more comprehensive and valuable data.

On the second layer of the flywheel, when the expert recommendation system stabilizes, the opinions of experts and the effect of leading orders begin to appear, stimulating more users to follow the transaction, once again improving and improving the user experience and the professionalism of the platform data.

Also, with this flywheel model. The platform can provide equal opportunities to all users, regardless of fans or background, only accuracy. In addition, there are benefits such as token rewards from the platform and helping individuals realize their wishes as opinion leaders.

The founder has incubated 2 listed Upbit projects

Compared with those teams that focus on anonymity, XRADERS gave a detailed introduction to several co-founders and key executives in its official document, and attached related LinkedIn links. Including the team currently has 13 members (6 developers, 4 product, 3 business). Among them, the team of XRADERS is led by CEO and co-founder Jeffrey Jin, who has also served as co-founder and COO of MovieBloc (MBL) and Cobak Token (CBK) for the past six years. The founder, 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 transforming it into meaningful insights through research and development.

In April this year, XRADERS announced the completion of a US$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, There are many leading crypto investors and institutions such as Onemax Capital, StudioB, Nexus One, Morpheus and Planetarium.

The governance token XR will be launched in July

According to the official introduction, XRADERS’ governance token $XR will be launched soon in July 2024. The total issued amount of $XR is 100 million. This is really rare in today's era where tens of billions and hundreds of billions of coins are in circulation. According to XRADERS, in addition to enhancing the gaming experience on the platform, the $XR token has three key functions: promoting community participation, facilitating 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 expected initial market capitalization is approximately $6.51 million.

XRADERS tokens have several uses: 1. Incentive mechanism to reward users’ community contributions through content interaction, sharing and other interactions. 2. Subscription model, users can use $XR to subscribe to advanced content from experts. 3. Pledge and governance aim to align platform development with user interests. 4. For market transactions, $XR tokens can be used to pay for additional services such as tools, resources and investment experience within the platform.

XRADERS stated 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 fosters a sustainably thriving community, driving the long-term success of the platform.

According to the official roadmap, in the fourth quarter of 2024, XRADERS will introduce real-time market analysis and cryptocurrency exchange integration capabilities. AI experts and digital identities will be introduced in 2025.

XRADERS’ vision for the future is painted like this: “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, allowing experts to replace marketing capabilities with their real capabilities, and construct a lasting economic flywheel through a reasonable token model will be quite challenging for XRADERS, and it will be quite challenging for the market. It's something meaningful.

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