Sonar Network Project Review
Introduction:
In the cryptocurrency space, investors usually spend a lot of time searching for the latest coins. These people spend a lot of time finding popular coins or coins that are worth more than the price being exchanged. Smart investors use a variety of digital currency exchanges, programs, information sites and services to maximize their investment potential. Tracker sites are used here.
Why tracking platforms? Why Sonar Network?
Few people spend their time and money pursuing digital currency tracking sites. The Digital Currency Tracker site monitors the current value and price of various digital currencies and tokens. Many of these sites also provide historical data. As a result, they allow users to compare current prices with old ones. Some of these services even have tools that allow users to compare the performance of multiple digital currencies.
In the following, we will introduce one of the emerging projects called Sonar, which has been developed as an efficient tool for tracking as well as analyzing BSC and ETH networks. The platform was launched in early 2021 by a number of activists and experts in the field of blockchain and digital currencies.
Sonar Network
In general, Sonar Network is a data aggregation platform based on analytical artificial intelligence on BSC and ETH networks. This multi-chain analytics platform was developed to provide an advanced analytical ecosystem for digital currencies to meet the needs of micro and macro traders. Sonar Network has been developed to be constantly updated and uses reliable data to calculate its values. Obviously, the accuracy of a digital currency tracking and analysis tool will have a significant impact on decision making, time spent and ultimately the success of an investor. Therefore, this issue has been considered by the developers of this platform and it has been tried to achieve this important goal by using artificial intelligence technology and advanced analysis tools. The Sonar ecosystem provides users with all the tools and information they need to choose a smart investment, and provides the conditions for a person to make a more open-minded decision about investing in a particular currency. The Sonar platform user interface tries to protect itself by providing specific and multi-purpose information such as price charts, data analysis and price analysis tools, social analysis tools, announcing currency price warnings, executing orders, and more. Distinguish other competitors.
Sonar Network Mission
In any transaction, profitability with the least risk plays a key role. This is the Sonar mission. In general, it can be said that Sonar Network seeks to provide the latest generation of trading platforms with advanced tracking and analysis tools that provide “price charts and related tools”. Sonar ecosystem tries to provide investors with the opportunity to make a profit with less risk by using advanced tools of currency cryptography analysis, offering innovative and creative solutions and unique features.
How Sonar Network works?
Sonar’s Application programming interface uses data collected from the blockchain to monitor trading volume, cryptocurrency exchanges and price trackers, and finally, by analyzing the received data, the information is updated in Sonar’s Network. . The Sonar ecosystem uses a wide variety of advanced systems to help intelligently and automate trading analysis and update the data needed for trading. The result will be that traders will have access to up-to-date and reliable information in the shortest amount of time to make the right and quick investment decision.
Sonar ’Network Features:
In short, the Sonar ecosystem offers significant benefits to traders and digital currency operators. In addition to global compatibility, these include:
• Custom Dashboard (Customizable): The Sonar platform provides an environment for users to have a fully customizable dashboard based on their personal strategy and investment style.
• Extensive Trading Tools: The Sonar ecosystem includes a complete set of advanced graph analysis tools, and thus investors and traders can take advantage of the system’s extensive and integrated trading and analytical capabilities to conduct their trading.
• Extensive presentation of visual aids (tables, bar charts, etc.): In the Sonar ecosystem, an attempt has been made to integrate and present all analytical tools in a single, intuitive, user-friendly experience.
• Community Tracking (Access to News): By collecting news, social media comments, blogs, influencers, and other credible information sources and analyzing this data, a comprehensive database of business signals will be available to traders based on which they can Make decisions.
• Smart Alert System: Traders need real-time data to maximize their opportunities in the most critical times of the market. Therefore, announcing these times is of special importance for traders. The Sonar smart alert system allows users to set different alerts for different indicators and maps, thus receiving the necessary alerts at specific moments.
• Contract scanning; The security parameter of users in the Sonar ecosystem is reasonably important. For this purpose, each user’s contract is scanned and a complete pre-digestion report is prepared based on it, and based on the analysis of the received reports, if necessary, an extensive list of security measures is applied.
• And other significant features that will be provided to users in the future (such as: in-app trading, price action forecasting, etc.)
Sonar Network Wallet (Web3 Non-Custodial Wallet)
Sonar Network provides users with access to Sun’s digital assets by providing a high-security wallet with a user-friendly interface. Sonar wallet infrastructure is decentralized and supports almost all major digital currencies. Developers have been looking for a safe, secure, easy-to-use wallet with Web 3 capabilities, and this wallet has such features.
In addition to Sonar tokens, users can store, manage and track other tokens based on Ethereum and Binary chains in this wallet. They are also able to swap tokens on these chains. This wallet also allows users to store and manage NFT tokens. As mentioned, the Sonar dynamic wallet has features to increase the security of digital currency inventory. This wallet is completely decentralized, so users’ private keys are encrypted and stored completely locally on each user’s operating system.
Token details
SONAR is a native Sonar Network token with a PING ticker. This token has been developed on Binance Smart Chain and acts as a functional token in order to stabilize the platform and also provide rewards to users and so on. Thus, all platform transactions are done through this smart chain. The general specifications of the SONAR and tokonomic tokens of the project are as follows:
Token name: SONAR
Ticker: PING
Network: Binance Smart Chain
Token protocol: BEP-20
Token type: Utility
Sonar Network Team
The project team consists of an expert and experienced team from all over the world. The organizational chart of this project consists of the project founder, Strategy Lead, Chief Executive Officer, Chief Fintech Officer, Chief Innovation Officer and experts and technical developers in the fields of blockchain and cryptography, etc. are presented in the following image:
Sonar Network Roadmap
Project Roadmap details are provided in the image below.
The final word
A trading platform is the gateway to real money trading. Accuracy and reliability can be two important points for choosing a suitable exchange platform. But there are other services and features that should be considered when choosing a suitable platform. Including ease of use, the range of digital currencies and tokens covered by the site and the set of additional tools and information available in it, etc. The accuracy of a tracking site and the data it uses can have a significant impact on investor decisions. For this reason, investors must choose carefully. Sonar Network as a new generation of “tracking and analysis tools” is one of the choices that can provide a good experience for users and investors.
This article is by no means a recommendation to invest in a project and is merely a review of the project.
Official Resources:
Website: https://www.sonarplatform.io/
Telegram: https://t.me/sonar_official
Twitter: https://twitter.com/SonarToken
Facebook: https://www.facebook.com/S0NARPLATFORM/
Reddit: https://www.reddit.com/r/sonarplatform
AUTHOR
Bitcointalk username : hahuong123
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2745407
Telegram username: @luxi123
Wallet Address : 0x18b156536c75913f79bdCB91dD13F9cCB213fC20