KuCoin AMA With DexCheck (DCK): An AI-based Crypto/NFT Data Analytics Platform

Time: July 20, 2023, 14:00 - 15:12 (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session with the CEO at DexCheck, Raffaele, in the KuCoin Exchange Group.

Official Website: https://dexcheck.ai/

Documentation: Click to view

Follow DexCheck on Twitter and Telegram.

Raffaele — CEO at DexCheck

Q: Tell us a bit about yourself and your background.

Raffaele: I am originally from Italy. My journey into the crypto world started in 2017 when I began trading cryptocurrencies. Over the years, I developed a keen interest in blockchain technology and the extensive data it generates.

Trading on-chain allowed me to dive deep into the dynamics of the crypto market, understand its volatility, and gain insights into its functioning.

This experience, coupled with my background in project management, revealed to me the enormous potential of crypto data and the need for a structured and insightful approach to it. Hence, I founded DexCheck a year ago. DexCheck is a crypto/NFT data analytics platform that leverages artificial intelligence to extract actionable insights from on-chain data.

As a long-time on-chain trader, I am familiar with the tools and insights that a trader needs when dealing with cryptocurrencies. These insights have helped shape the design and functionality of DexCheck, ensuring our platform offers value to novice and experienced traders. We are committed to aligning our tools with the actual needs of crypto traders, helping them make informed decisions based on accurate, timely data.

Q: How diverse is your team, and where is the team located?

Raffaele: As for the location and diversity of our team, I'm very proud to have assembled a diverse and multicultural team. We have data analysts, scientists, and developers from Europe, Argentina, the Philippines, and India. Although we operate from Dubai, our team works in a decentralized fashion.

Having a global and diverse team helps us better understand and cater to the needs of our crypto users worldwide!

Q: DexCheck is often referred to as the 'All-in-one Blockchain Analytics Platform' — Tell us about the platform and what problems does it solve?

Raffaele: At DexCheck, we strive to make the complex world of blockchain data more accessible and insightful for traders.

By calling it the 'All-in-one Blockchain Analytics Platform,' we emphasize the depth of tools and functionalities we provide.

Our platform delivers everything from charting to dashboards, showing whale movements, and identifying winning traders, among other features.

The problems we solve are data overload and the need for clear, actionable insights in the blockchain space. We aim to transform raw data into meaningful information that users can use to make winning trading decisions. That's our mission!

Q: What different features/ tools on DexCheck help make the life of a trader easier, and are they all live?

Raffaele: At DexCheck, we have a variety of features and tools that are live and ready for use. These tools have been designed keeping the specific needs of crypto traders in mind, helping them navigate the crypto markets easily and efficiently.

One of our key features is Token Analytics. This feature deeply delves into token movements, trading volumes, and price fluctuations. It can help traders identify patterns and trends, aiding their decision-making process. We also have a feature called Crypto and NFT Whales Tracker. This tool allows users to monitor the activity of 'whales' or large holders of a particular token. It gives traders insights into major transactions that could influence the market.

Another powerful tool we offer is the Top Crypto Traders tracker. This feature lets users follow successful traders, learn from their trading strategies and decisions, and potentially spot profitable opportunities.

These tools, along with many others, are live on our platform. We strongly encourage the community to visit our platform and explore these tools as soon as possible!

Q: Suppose I consider the journey of a crypto trader new to DexCheck. Can you give me an example strategy for effectively using a basket of these tools to get the maximum benefit in trading?

Raffaele: Let me guide you through a potential strategy a newcomer to DexCheck could follow.

I recommend unlocking our Top Crypto Traders dashboard. This dashboard is a leaderboard of traders recently making significant profits trading various tokens. The score associated with each trader is indicative of their trading success, providing a valuable indicator for new users.

After identifying a few top-performing traders, the next step would be to delve into their profiles. By clicking the "Analyze Address" button, you can gain insights into their trading strategies - which tokens they trade, how often they trade, their average profit margins, and more.

You might find a trader whose strategy aligns with your risk appetite and investment goals. If that's the case, you can start tracking their activities. Our WalletBot, a Telegram bot that allows you to receive notifications whenever the trader makes a new trade. This way, you can get real-time updates and replicate their successful trades.

Remember, however, that while following successful traders can be a good starting point, conducting your own research and analysis is also important. Consider using our other tools, such as the Token Analytics and the Crypto and NFT Whales Tracker, to complement the insights you gain from the Top Crypto Traders dashboard. You can develop a more robust and winning trading strategy by combining different tools and data sources.

Q: What about HODLers? Are they able to identify good tokens very early using the DexCheck platform?

Raffaele: Our platform features a dashboard that displays all pairs recently created on DEXs (Decentralized Exchanges). This allows users to spot new tokens as soon as they are launched. However, as you mentioned, it's important to proceed cautiously since the world of new tokens can be fraught with scams and rug pulls.

To assist users in this respect, we have integrated a GoPlus tool. GoPlus scans the contract of a newly listed token and provides an initial assessment of its security. The automated audit tool checks for common vulnerabilities and suspicious patterns in the contract code.

Therefore, using these features in tandem, HODLers can discover new tokens early and quickly assess their potential risks and rewards. It's important to remember that while our tools can provide valuable insights, they should be part of a comprehensive investment strategy that includes thorough research and risk assessment.

Q: Tell us how DexCheck utilizes AI to improve crypto trading.

Raffaele: DexCheck utilizes AI to improve crypto trading in several ways. Our AI algorithms are designed to identify patterns and trends in massive blockchain data. They help predict market movements, identify profitable trades, and warn against potential risks.

Indeed, one of our proudest accomplishments at DexCheck is the development of InsightsGPT. InsightsGPT uses AI to generate valuable trading signals for our users. For instance, when winning traders start buying a particular token, InsightsGPT picks up on this and sends a signal to our users. This can serve as a valuable cue, allowing users to evaluate the token and potentially make profitable trades.

In addition, we're thrilled to announce our upcoming feature: AI-DexFolio. AI-DexFolio is set to be the first AI-powered portfolio in the crypto space. It won't just be a place to manage and track your token holdings. Instead, AI-DexFolio will provide intelligent insights based on your specific portfolio.

The platform will analyze your token holdings and provide personalized recommendations and alerts. Whether highlighting a potential risk in your portfolio or identifying an opportunity for greater diversification, AI-DexFolio aims to be your smart assistant in navigating the crypto market. We are continuously working on integrating AI into our tools to provide more actionable and customized insights for our users.

Q: Many projects need help, and this one turns off new users. How do you plan to improve the interaction with new users and users outside the crypto space?

Raffaele: At DexCheck, we're focused on simplifying user interaction. Our key strategy is the implementation of AI models for providing insights conversationally, aimed at making complex crypto topics accessible. You can experience this user-friendly approach on our GPTBoard, designed for both new and non-crypto users to engage comfortably.

You can play with it by checking in the DexCheck App and then clicking GPTBoard.

Q: According to the DexCheck roadmap, what is your most important next priority?

Raffaele: Our immediate priority at DexCheck is the launch of our Telegram Trading bots. This advancement is aimed at streamlining the trading process and enhancing user experience. Following this, our focus will shift to AI-DexFolio. This revolutionary feature will serve as the next generation of crypto portfolio management, offering a significant edge to all traders, irrespective of their trading expertise. These initiatives align with our mission to make the crypto trading landscape more accessible and profitable for everyone.

Q: How does the DexCheck team ensure that holding DCK tokens provides tangible benefits to users, such as access to the Smart Money Dashboard and InsightsGPT?

Raffaele: At DexCheck, we've designed the DCK token to be the central driver of our platform. The token is intertwined with our growth and success, meaning as our platform expands and evolves, the value proposition of our token similarly grows.

Holding or staking DCK tokens unlocks maximum potential from our platform, granting access to premium tools like the Smart Money Dashboard and InsightsGPT. Additionally, DCK holders have exclusive privileges such as participation in private sales.

Moreover, by staking DCK tokens, users can earn rewards. Part of the revenue generated by our upcoming Telegram bots will also be shared with token holders. These benefits make DCK tokens a tangible and beneficial asset for our users!!

Q: The partnership is an integral part of the promotion and development of any project. What plans do you have in this direction for the near future? Show a list of DexCheck’s current partners.

Raffaele: At DexCheck, we believe in the power of partnerships for expanding and developing our platform. We've already aligned with some of the largest decentralized exchanges (DEXs) in the crypto space, which will enhance the utility and reach of our services.

Moreover, we have exciting news on the horizon. Later today, we'll announce a new advisor joining our team. This individual brings a wealth of experience to DexCheck and will be instrumental in aiding our growth and product development.

Q: We saw many discussions about CEXes liabilities and securities in the past months. Do you plan to include monitoring CEX data and their funds in your platform?

Raffaele: Our vision extends beyond just providing tools for DEX traders. One of our future goals includes building robust analytics tools for centralized exchanges (CEXs). We understand the importance of secure and transparent data in crypto trading and aim to extend our service offerings to accommodate that need.

In other words, we plan to integrate data monitoring of CEXs and their funds into our platform. This aligns with our broader mission of becoming a one-stop solution for anyone interested in investing in crypto or NFTs, regardless of their preferred platforms.

🎁 Participate in the DexCheck AMA quiz now for a chance to win 10 USDT!

The form will remain open for five days from publishing this AMA recap.

KuCoin and DexCheck have prepared a total of 2,000 USDT to give away to AMA participants.

1. Pre-AMA activity: 1,000 USDT

2. Free-ask section: 50 USDT

3. Flash mini-game: 400 USDT

4. Post-AMA quiz: 550 USDT

. . .

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