Master the Art of Crypto Trading with SanR
Have you ever wanted to practice your cryptocurrency trading skills without risking real money? Or perhaps you’re looking for a platform where you can learn from others and gain valuable insights into the market. Look no further than SanR, a revolutionary cryptocurrency trading simulator combined with a web3 social network.
Now what is SanR?
SanR allows you to hone your trading abilities without the fear of losing your hard-earned money. Whether you’re an active trader or a beginner in the crypto world, SanR provides a safe space for you to practice making correct predictions about future price movements. The best part? You can even earn rewards in SAN tokens while you improve your trading skills.
Who benefits from SanR?
The answer is simple: everyone. In the world of cryptocurrency trading, opinions about the rise and fall of various coins abound. These opinions are formed based on a multitude of factors such as project announcements, influencers, market news, on-chain and social data analysis (check out Sanbase) and more. SanR is designed to be useful for both active traders and those who are simply looking to improve their trading skills.
One of the key advantages of SanR is the opportunity it provides to practice making accurate predictions about future price movements without the fear of losing money. Whether you are a seasoned trader or a beginner, SanR offers a safe space to develop and refine your trading strategies. What’s more, you can earn tokens while honing your skills.
SanR also offers a window into the opinions of others. The platform provides a wealth of data, ranging from aggregated forecasts by market segment or specific coin to individual signals from each forecaster. By compiling a list of interesting forecasters and leveraging their expertise, you can enhance your trading strategy. For example, you may find traders who excel at identifying market bottoms or spotting optimal entry and exit points. By combining signals from different sources, you can build a robust strategy that takes advantage of diverse perspectives.
In addition to skill development and data access, SanR serves as a platform for sharing trading ideas. If you enjoy discussing and showcasing your trades, SanR offers a convenient way to present your entries and exits, explain your logic, and establish a reliable track record. Your ideas can reach the wider SanR community as well as other social media platforms, allowing you to receive feedback and build a reputation as a knowledgeable trader. Best of all, these interactions and records are stored on the blockchain, ensuring transparency and immutability.
The philosophy behind SanR centres on the belief that every participant has the potential to discover and develop their intuitive trading abilities. The platform aims to provide a financially secure space for individuals to practice and improve their trading skills. Moreover, SanR incentivizes participation by offering meaningful rewards. These rewards can be monetized, enabling even those who may not be skilled traders themselves to build reputations based on the quality of their signals.
How SanR Works?
Think of it as a market prediction game that allows you to compete against others to determine who has the most accurate signals and best forecasting skills. The competition takes place in cycles called “epochs,” which begin every two weeks according to the lunar calendar, aligning with the New Moon and Full Moon. At the end of each epoch, participants with the best-performing signals receive rewards.
The rewards are distributed across three leagues named after the mythical beasts in Chinese mythology:
- Dragon League for the most positive total performance
- Qilin League for the highest average total performance
- Phoenix League for the most negative total performance
The top 10 participants in each league receive San tokens, the central token of the Santiment.net ecosystem, which can be held, staked, or redeemed at any time.
When using SanR, you have access to a wide range of trading instruments and strategies. You can set stop-loss or take-profit orders, create limit orders, and even leverage trade up to x10. With signals available for over a hundred coins on BTC, ETH, and USD pairs, you have ample opportunities to explore and test your trading prowess.
Each SanR participant has a unique profile that stores all their signals, providing comprehensive analytics about their performance history and trading patterns. Additionally, SAN token holders can take advantage of the “Intelligence Staking” mechanic. By locking SAN tokens in a staking contract, participants become eligible for additional payouts based on the performance of their signals and the number of SAN tokens staked. The platform is also working on creating NFT rewards that provide benefits for other Santiment products, further enriching the user experience.
SanR runs on its own L2 sidechain called the SanR network, which is built on Ethereum. Published signals are stored on the SanR blockchain as non-fungible tokens (NFTs), ensuring signal providers have complete control over their signals. Gas transaction fees are reimbursed by SanR using innovative gas station technology, making participation free for users. Direct interaction with the SanR core logic eliminates the need for token wrapping. Decentralized wallets like Metamask or Wallet Connect are used to sign transactions when opening and closing signals.
Looking forward, SanR envisions three interconnected parts: the crypto trading simulator, the web3 social network, and the play-to-earn game. As these components continue to improve and attract more participants, an “economy of scale” effect will amplify the overall value of the platform.
The crypto trading simulator within SanR caters to traders of all levels, allowing beginners to learn and experienced professionals to fine-tune their skills. As the number of excellent forecasters increases, the quality of predictions will improve, leading to more robust and accurate results. The platform is already witnessing forecasters with impressive performance indicators, with some exceeding +1000% total performance.
SanR’s web3 social network provides an objective space where open data is available to all. Users can analyze crowd opinions, track the success of specific forecasters, and identify strengths and weaknesses in their own strategies. The platform also offers a feature called SanR Clubs, allowing users to join trading clubs with specific coin forecasts and approaches. This diversity of clubs provides users with a multitude of options to find valuable alpha.
The play-to-earn game aspect of SanR is continuously evolving to provide stronger incentives. The platform plans to increase rewards and introduce new methods to attract the best forecasters in the crypto space. As the network grows and achieves the necessary scale and signal quality, the knowledge created on SanR will materialize in the form of financial management strategies. Crowd-sourced knowledge can be used to develop and test the trading strategies of others in the community.
SanR also offers a unique opportunity to explore the diverse opinions of others. From observing the habits and trends of others through their personal profiles one can learn from each other based on their specific traits.
In the signals section, you’ll find a treasure trove of data, ranging from comprehensive aggregates of signals from all forecasters based on market category or specific coins to individual signals provided by each forecaster. Experience the power of collective knowledge on SanR and elevate your trading game to new heights!
You can compile a list of interesting forecasters and enrich your strategy with the skills those traders are so good at. Some have a talent for catching bottoms (or tops) or spotting good entry or exit points. There’s usually someone who gets the “wrong” direction every time. If you can identify others’ strengths and weaknesses, you can build a strategy by combining signals from a variety of sources.
One more note… When developing trading skills, it’s important to not only self-reflect but also receive feedback. SanR is a good instrument for those who like to share their ideas for trades. It provides a convenient way to show your entries and exits, explain your logic and build a reliable track record of your predictions — all recorded on the blockchain. Your ideas will be seen across the SanR community and any other social media you choose to share.
What’s the philosophy behind SanR?
What’s the philosophy behind SanR? We believe in unlocking the intuitive abilities of every SanR participant. Our goal is to help everyone improve their crypto trading and investing skills. Whether it’s through observation, practice, or learning from others, there’s always room for growth.
Introducing the protocol for “intelligence” mining, designed to create a safe space for practising and honing your skills. Participate and be rewarded for making quality signals, building your reputation as a trusted analyst. Even if you can’t trade yourself, your reputation can be monetized.
Imagine finding others with complementary views and combining their signal feeds to gain unique insights into crypto market moves. Together, we can reveal the pure potential within each of us, intellectually and emotionally.
And here’s the best part — we make it fun! The process of improvement should be gamified, allowing you to shine without pressure. So let go of overthinking and embrace the power of experience and reflection.
Join SanR today and let your potential sparkle! 💎✨
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SanR — check out other forecasters and post signals of your own
SanR 🐲 Telegram — engage with our community!
