What began as a side project and born out of necessity due to the lack of supported exchanges and market pairs, ChartEx evolved from a Discord chart bot to a suite of complementary products including an interactive charting website and bots also operating on Telegram and Twitter.
These tools allow users to interrogate trading data in a simple manner and ask for information such as the price being near a trendline, a moving average that’s crossing and many other options that can be combined across timeframes to build a completely bespoke strategy.
As of 10th August 2020, the platform is handing upwards of 6.8 million requests every 24 hours. 95% of this traffic is requesting chart information for Uniswap pairs as there is very limited alternatives available elsewhere right now.
At its heart, a custom algorithm for trendline analysis and support/resistance calculation set it apart from anything else widely available, and most recently, the full support for Uniswap V2 WETH markets led to a huge increase in users, social media posts and web traffic.
What’s next for ChartEx?
Aside from continuing to build features into the platform, the next phase of its evolution will be to ensure its scalability and performance can keep up with the growing demand. Further articles will go into detail on the current and planned features of the platform.
As it stands, ChartEx is entirely self-funded, generates no revenue, and operating costs grow day-by day.
People have asked whether there will be a token sale, the answer to this at present is ‘maybe’ but all options including sponsorship, unobtrusive advertising, paid subscriptions in fiat currencies are being explored.
A token sale would only be explored if a viable tokenomic model was established that wasn’t just a shortcut to a fundraise but actually allowed ChartEx to thrive, deliver value and, most importantly, provide real utility and purpose to token holders.
Stay tuned for our next update, thanks for reading!
