Sonar Platform Review

The cryptocurrency field is a place where everything changes in the blink of an eye. New technologies, key market players and trends shift much faster than in any other industry. From the current point of view, many exciting developments seem viable. Still, this chaotic can bring more opportunities within the upcoming industry months, and everything we've seen before will be surpassed by something truly outstanding. However, today I will introduce a new platform that meets the needs of today's electronic market tool for the BSC and ETH networks

Sonar is a platform developed based on Blockchain. since then it provides users with a dynamic cryptocurrency analysis ecosystem, accelerating investment projects. In 2021, an international team of crypto experts came together to create Sonar. This is a potential project with the aim of providing a new all-in-one platform capable of providing unique tools for users to make trading more fun, easier and safer for investors. Moreover, in trading, it also provides insight into trade risk as well as probability of successful trade to attract more audience by giving them an edge over other platforms.

All members who join this platform will have a secure ecosystem to analyze cryptocurrencies in the most intuitive way. Sonar allows clients to research, organize and measure their current and future crypto investments. Besides, by providing different trading tools, Sonar Network will help traders maximize profits, thereby helping traders make better trading decisions.

Some Analytics and Trading Tools
Some of the tools that Sonar brings to the table include, but are not limited to:

1: Price analysis
Users will have access to live price data feeds from the major decentralized and centralized exchanges for various cryptocurrencies. They will also have access to technical analysis (TA) charting tools, as well as order book information.

2: Social analysis
Users will be able to take advantage of an intelligent AI integration from various social media sources and identify trending projects and ones promoted by influencers. They would be able to convert qualitative market sentiment information into a quantitative score.

3: Trading notifications
Sonar will provide users with customizable conditional notification events to better control their positions during price fluctuations. An upcoming feature would also be the trading signals.

4: Contract vetting and audits
The platform will also deliver a visible score based on audit certification checks for different assets. In addition, Sonar will also perform contract security quality scores through risk detection, assessing variables such as liquidity lock-up, and so forth.

5: These are just a few of the features that the project will offer. Others include trade execution, early investment opportunity notification system, live-tracking, and so forth.

PING Token in Depth

PING token is the cryptocurrency that underpins the entire ecosystem, and users will need to buy it to unlock some of the features. It’s defined as a utility token for the reasons listed below.

While some of the features such as basic asset tracking and basic analysis will be available to non-holders, to unlock more advanced tools, users will need to hold PING. There are three tiers (0, 1, and 2), and, quite expectedly – the more PING tokens one holds, the higher their tier and the greater access to more analytical tools they will have.

The roadmap of Sonar is also quite intriguing, looking at the things the team has in store for the current 3rd quarter of 2021.
One of the more important developments scheduled for Q1 of 2022 is the release of its beta and the Web 3 wallet.
The project also intends to release a wrapped version of its PING token to act as a bridge between the ERC20 and BEP20 token standards.

Conclusion
Sonar provides analytics data for both the Ethereum and Binance Smart Chain (BSC) blockchains. The platform enables price and social analytics, as well as contract audits and trading notifications. Furthermore, Sonar’s team plans to launch features like an early investment opportunity system and trade executions directly from Sonar’s platform.
At the core of Sonar’s platform is the $PING utility token. The token is already listed on major listing sites like CoinMarketCap. As with other tokens of that type, $PING has a fixed transaction fee. In Sonar’s case, the fee sits at 10%, which guarantees a constant increase of holdings for investors, liquidity, and funding.

However, Sonar decided to split the 10% tax into four categories. Two percent of the fee would be returned as a frictionless redistribution to all Sonar token holders, while three percent of all transaction costs would end up returned to the liquidity pool to protect Sonar holders’ token value and support Sonar’s price stability. Another three percent goes to the Sonar Marketing and Development wallet, while the last 2% of the fee would go into the Sonar Innovation Lab Wallet.

For more detailed information and newer developments
Website :https://www.sonarplatform.io/
Twitter :https://twitter.com/SonarToken
Telegram :https://t.me/sonar_official
Facebook :https://www.facebook.com/S0NARPLATFORM/
Discord :https://discord.gg/7kuNHxZeCP
Reddit :https://www.reddit.com/r/sonarplatform
TikTok :https://vt.tiktok.com/ZSJ9oBTDo/
Instagram :https://www.instagram.com/sonar_token/

Author:
Bitcointalk Username: chaoticjena
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1240476