BSC.Tools Project Insight: Data Analysis Tools on the Binance Smart Chain

This project will find its relevance amongst users to spot gems, market trends, and potential scams using BSC.Tools all inclusive platform.

By
Wilfred Victor
on
March 2, 2021
Category:
Project Insight

BSC.Tools

BSC.tools is a set of trading and analytical tools focused on tracking decentralized exchanges on the Binance Smart Chain (BSC) network. The Dapp aims to help users on the network keep track of real-time data analysis, make educated decisions on their trades, and improve strategies geared towards increasing profit.

The growth of the Binance Smart Chain network is at a pace that has become quite challenging to track. The growing number of projects building on the network further proves its usability, but not without bottlenecks in quality projects and scammy ones.

In a fast-paced world like that of decentralized trading, tools are needed to help keep track of projects, provide real-time analysis, and separate the noise becomes quite destructive. 


BSC.Tools Key Features:

  • Pair Explorers
  • Pool Explorer
  • Multiswap
  • Portfolio and Yield Optimizer
  • Customer Indicator and Pine Script
  • Gem Hunters network

These key features make up the various components of the project and are explained further.

BSC.Tools Components and Features

Users can leverage the product and services offered by the tool using the various features and components available, which include;

  • Pair Explorers: Brings all of the details of users’ favorite pair in real-time, such as pool address, website, metamask association, token price charts with indicators, etc.
  • Pool Explorer: Like the pair explorer, the pool explorer tool gives users live up-to-date data analysis of any projects featured on the Binance Smart Chain. It will display the additions and removal and new pairings of liquidity.
  • Multiswap: Allows users to swap multiple pairs at once and on a single browser. Saving users tons of time and productive space without having to switch between tabs.
  • Portfolio and Yield Optimizer: With the BSC.tools, users will have the unique opportunity to track their cryptocurrencies on the network, discover and improve the best strategies to increase profit.
  • Gem Hunters Network: Users can explore Gem Hunter lists of undiscovered coins to increase profit-making for users. The group has been one of the long-standing and active crypto communities and comes with a high-interest rate for its ability to spot gems and hot new projects in the space.
  • Custom Indicator and Pine script: BSC.tools, in partnership with pine script, allows users to control each detail of their charts, from creating a simple chart to gaining insight from indicators to creating advanced complex tools. All of which is to increase the profit potential of trades using the tool.

The project’s goal is to emphasize a great deal with all of these features, the core aspect of improving the ease of charting and analysis for the growing amount of projects on the Binance Chain network for users.


BSC.Tools’ Mission and Partnerships

BSC.tools aims to be the first and most advanced Decentralized Finance (Defi) application seeking to supercharge users’ trading experience with its advanced tools. 

[Our] main goal is to provide traders and investors with the possibility to monitor their favorite BSC pairs and create advanced trading strategies without having to search for the information in a wide range of non-standardized platforms and websites.” - BSC.tools as explained in its Medium post

The tools shared with traders offer, onchain, and live trading data from DeFi exchanges on the BSC. In this way, traders can access deep historical data, chart candles, and transactions recorded on each platform. The goal is give traders an insight into how a trading pair or pool is performing or expected to perform in the future.

BSC.Tools has partnered with two protocols to further enable users to make crypto transactions and enjoy Defi farming at ease. The teams first partnership is with BSCEX, the first decentralized crypto exchange & ecosystem on Binance Smart Chain. The second is exDeFi, makers of multi-chain non-custodial wallet and a multi-functional extension. Together these partnerships will propel BSC.Tool’s towards its goals of providing seamless crypto trading to all users.


Key Metrics

It is important to note that TOOLS token is yet to be listed

Roadmap

The project roadmap is not cast in stone and is subject to change at any time. Although the team has not highlighted the community’s role in the project, it will take feedback from the community, especially from items outside of imminent release subject to change. 

2021 Q1

  • Pair Explorer
  • Multi Swap
  • Pool Explorer

2021 Q2

  • Portfolio Tracker
  • Yield Optimizer
  • Live AMA on Pair Listing
  • Price Alerts
  • dApp Referral Profit Sharing

2021 Q3

  • Ethereum Support
  • Custom Indicator Analysis
  • TradingView Pine Script on Chart

2021 Q4

  • Polkadot Support
  • Gem Hunter Social Network Launch

The BSC.Tools team has a large list of developments on the way but there are a couple key releases. Announcing support for Ethereum and Polkadot in its upcoming updates will set it apart from just another Dextools - an Ethereum based chart tool. Binance Smart Chain, Ethereum, and Polkadot are three of the most prominent blockchains next to the Bitcoin blockchain. With this upcoming support, BSC.tools hopes to establish itself as the most useful chart tool in the ecosystem.

Concluding Thoughts

Providing ease of charting on the Binance Smart Chain network is much needed, especially with the influx of new projects each day. This project will find its relevance amongst users to spot gems, market trends, and potential scams using BSC.Tools all inclusive platform. An all-in-one chart tool for multiple blockchains is in upcoming updates. This excites me as it further establishes the Dapps relevance and dominance among chart tools and not just a BSC tool.

Since it’s a unique tool, the first of its kind in the Binance Smart Chain network, users should not expect an utterly perfect tool. Over time, updates will be pushed to improve on the tool. Its pioneer effect will only mean that other upcoming tools from other projects will most likely model its features.

Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

 


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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.