CoreStarter New IDO: Cheesus DeFi
The next IDO on the CoreStarter will be the revolutionary Cheesus Defi & NFT rating tool! Don’t let the name fool you, Cheesus is changing the way you access and use on-chain data for the better. They are a multi-chain DeFi analytical tool that will help break down the data you spend hours searching for and show this in a user-friendly dashboard. The dashboard will include detailed analytics, DeFi project ratings, and more!
Why is Cheesus necessary?
Blockchain technology is great because all transactions are transparent and visible to the public eye, there is no hiding when it comes to moving assets around. The only issue is the time it takes to search and break down the data, then be able to use it to your benefit. You could consider Cheesus to be ‘God’s Eye’ and not only will it find and collect all data related to a fungible or non-fungible token, it then displays all of this information from top holders, to top dumpers, to price action, cutting down hours of research time. Not only will this be great for the public, but when projects are looking to find Investors it will show VCs who are not only loyal but responsibly sell down positions without having a heavy price impact — Accountability.
How to make the technology work for you
A dashboard on projects and NFT collections will certainly help you make educated decisions, but how does that help you see what the whales are buying and selling? With their on-chain analytical data you can find any wallet address (currently Ethereum and BSC), and review a detailed CSV report with profit, loss, and gas fees. This is the first of its technology that allows everyday users to easily track profitable traders! This means once you find and follow your favourite traders you can track and copy their every move.
Cheesus will provide accurate ROI predictions, educational knowledge that will attract new users to blockchain trading, ratings of all launches including IDO, ICO, and NFT drops, and personal investment analytics. You can utilize all of these services to further your trading and help grow your personal portfolio.
Technology like this opens the door for copy trading platforms to create a sustainable and data-backed offering that could change the way we trade forever.
The Cheesus token will have two main use cases. The first is a subscription, to access the Cheesus network and its data you will need to hold a certain amount of $CHS depending on the level of access you want. There will be a free version but the data you can see will be limited, and there will be ads that appear during your session. As you hold more and your subscription level increases the ads will disappear and the data you see will become more advanced, allowing you to dive deeper down the rabbit hole of your favourite projects and traders. All you need to do is hold the tokens in your wallet and that will grant you access.
The second is the DOA. Most projects will create a DAO because communities like to see this and are given the illusion of their votes contributing largely to decisions when in fact they don’t. The DOA on Cheesus is genuine and will be decided by the holders. Whether it is subscription prices changing, additional information to be added or changes to the dashboard to make this user friendly it is a community-driven project, as it is designed to improve the user experience and accessibility of the blockchain for all.
Cheesus will no doubt change the way we interact with blockchain data, trade, and invest for good AND most importantly for the better. It will create a more transparent system where projects are able to search for great partners, which in turn reduces price dumps on projects releasing on the market. It is a great tool and one that over time will be adopted across multiple chains and with the largest names in the space.