KuCoin AMA With XRADERS (XR) — Empowerment Redefined: Curating Reliable Insights for Users

Dear KuCoin Users,

Time: July 12, 2024, 11:00 AM - 11:59 AM (UTC)

KuCoin hosted an AMA (Ask-Me-Anything) session featuring the Head of BD at XRADERS, Dylan Cho, in the KuCoin Exchange Group.

Official Website: https://xraders.xyz/
Whitepaper: https://coinlive.gitbook.io/xraders

Follow XRADERS on X, Telegram and Discord

Q: Could you provide a brief introduction to XRADERS?

Dylan: Of course! XRADERS is a decentralized expert curation platform that aims to revolutionize the sharing and utilization of expert knowledge in trading and investment. Built on blockchain technology, it ensures transparency and security while allowing experts to share insights and strategies. Our goal is to democratize access to high-quality trading knowledge, making it accessible to both novice and experienced traders alike.

By leveraging blockchain's immutable nature, XRADERS guarantees that all transactions and insights are transparent and secure, fostering trust within the community. We envision a platform where trading expertise is not limited to a few but is a shared resource, elevating the overall quality of trading decisions and creating a more informed and successful trading community.

Q: Can you describe the demographics of the XRADERS team?

Dylan: Our team at XRADERS consists of seasoned professionals with extensive experience in blockchain technology and financial markets.

Jeffrey Jin, our CEO, leads the team with a strong background in Web3 project operations. Over the past years, we've shown our skills in managing and developing blockchain projects, ensuring comprehensive platform development and strategic market navigation.

Q: What is the vision statement of XRADERS?

Dylan: Let me share both the mission and the vision of XRADERS.

Our vision for XRADERS is to create a vibrant, inclusive community where expert knowledge is accessible to all, regardless of their experience level.

By leveraging the power of blockchain technology, we aim to build a transparent, secure, and user-driven platform that empowers traders and investors. We believe that by connecting experts with a broad audience, we can elevate the quality of trading decisions and foster a collaborative environment that benefits everyone.

Our mission is to democratize access to trading knowledge by breaking down barriers and providing tools that enhance learning and decision-making. We strive to create a platform where users can not only trade but also learn and grow, supported by a network of verified experts and a community-driven model that promotes engagement and continuous improvement.

Q: How does XRADERS distinguish itself from its competitors?

Dylan: XRADERS distinguishes itself through its decentralized, expert-curated approach to trading knowledge. The platform's blockchain foundation ensures transparency and security, while its community-driven model promotes engagement and collaboration.

Verified expert traders and a robust reward system further enhance the platform’s credibility and attractiveness.

The core feature that sets XRADERS apart is our 'follow-trading' system, which leverages the expertise within our community.

By allowing users to follow and replicate the strategies of successful traders, we create a symbiotic ecosystem where experts share their knowledge, and users benefit from their insights, driving collective success and learning.

Q: What is the standout feature of XRADERS?

Dylan: Our major feature is the Guess2Earn (G2E) feature which evaluates users based on their market prediction skills, using win-rate as the key metric.

Users have to guess the price of BTC in 0.5% range (bullish vs. bearish).

XRADERS’ unique ability to generate expert players who excel at market forecasting attracts organic users to our community. As more users join, the data produced by XRADERS becomes increasingly legitimate.

The G2E not only helps identify top-performing experts, but also encourages users to improve their prediction abilities, creating a competitive yet supportive environment.

The aggregation of expert insights and user predictions enhances the overall accuracy and reliability of market forecasts on the platform.

Q: How does XRADERS select and curate its experts?

Dylan: Experts on our platform are identified through G2E. This feature evaluates users based on their market prediction skills, using win-rate as the key metric.

This allows us to recognize and highlight users with superior market prediction abilities as experts, ensuring that our community gets the best insights and strategies.

These steps, which are very merit-based, ensure that expertise is recognized based on performance rather than reputation alone.

By continually assessing and validating expert predictions, we maintain a high standard of quality and reliability in the insights provided to our users.

Q: What is the core feature or roadmap that XRADERS is currently focused on developing?

Dylan: Our roadmap includes several exciting developments! We're working on advanced trading analytics, integrating follow trading with exchange functionality, and enhancing our reward system for community engagement.

These updates aim to continuously improve the user experience and expand our platform's capabilities. We are committed to keeping our community informed and involved in our development process.

Regular updates and open communication channels will ensure that our users are always aware of new features and improvements, fostering a sense of ownership and collaboration within the XRADERS ecosystem.

Q: When will your tokens be listed on exchanges, and which exchanges do you plan to list on in the future?

This is a good question to asked! We are actually listed on 13+ exchanges including a perp exchange just yesterday. You can find more information here.

Q: Could you share your social media links so we can stay updated?

Dylan: Thank you for asking! This is very helpful for those who wish to join the XRADERS community:

App Download, Website, XR Whitepaper (EN), XR Whitepaper (KR), Github, X (Twitter), Telegram , Discord, Medium and Zealy, You can all check out the links here.

Q: What inspired the creation of the XRADERS platform, and how does it aim to revolutionize the cryptocurrency trading experience?

Dylan: Good question! Many projects have emerged to address the drawbacks and delays in the Crypto industry.

Some were introduced in the bull and bear markets. I can’t say all projects have the same life span history, but most of the time, the success of the project heavily relies on the market condition and how retail traders are willing to open their wallets and actively trade the tokens.

That is why XRADERS have pinned on the core feature of our product in real-time price movement through Guess2Earn.

This is a very straightforward index and the most adequate business model which users will care about all the time regardless of the bull or bear market situation.

Q: What plans do you have for the community?Do you have any sort of staking mechanism that we may see in the near future? And what are the advantages of holding $XR?

Dylan: We will come up with the utilities of our tokens in more depth very shortly.

For now, the utilities of XR will include:

- Users can earn $XR through participation in platform activities such as G2E, predicting prices, and engaging in community events. The token can be used for subscribing to experts, accessing premium features, staking for governance, and making marketplace transactions.

For the future, our roadmap includes several key developments aimed at enhancing the platform's functionality and user engagement.

Upcoming features include the expansion of the Guess2Earn program, the introduction of a competitive leaderboard and rewards system, and enhanced community engagement initiatives.

Q: What technologies does the XRADERS project use for algorithmic trading in financial markets, and what differences does it aim to make in this field?

Dylan: XRADERS leverages the Guess2Earn (G2E) feature, which continuously assesses and ranks experts based on their market prediction accuracy. This dynamic approach ensures that only the most accurate and reliable experts are highlighted, maintaining a high standard of expertise on the platform.

In terms of the AI integration:

XRADERS will employ continuous learning models that adapt to new data in real-time, ensuring that AI-driven insights reflect the latest market conditions.

XRADERS is a community-driven platform with robust expert traders.

All these efforts are to provide users with real-time market insights, personalized trading recommendations, and predictive analytics, improving decision-making and trading outcomes.

🎁 Participate in the XRADERS AMA quiz now for a chance to win $10 in XR.

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

KuCoin and XRADERS have prepared a total of $2,000 in XR to give away to AMA participants.

1. Pre-AMA activity: $800 in XR

2. Free-ask section: $50 in XR

3. Flash mini-game: $400 in XR

4. Post-AMA quiz: $750 in XR

Sign up for a KuCoin account if you haven’t done so yet, and ensure you complete your KYC verification to be eligible for the rewards.

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