Wallphy App Released: Demystifying Crypto Token Trading
CHICAGO, 22 July 2022 /PRNewswire/ — Walletography, LLC (www.wallphy.io) has released Wallphy, a software app that helps investors analyze the trading and ownership behavior of micro-cap cryptocurrency tokens. Wallphy distills the massive data of the blockchain into patterns that signal manipulation such as pump-and-dumps and rug pulls. Wallphy is short for Walletography, the art of mapping blockchain wallets!
A Web3 solution to a Web3 problem
Click here for a preview of the Wallphy app
Wallphy = Do your own research… Squared!
An important advantage of decentralized finance is that data for each transaction is publicly available. The downside is that all that data becomes overwhelming for the average user. Fraudsters can easily hide in the crowd by spreading their holdings across dozens of wallets and orchestrating coordinated pump and dumps. Until now, investigating a token required a large spreadsheet and hours of number crunching. When you completed the survey, you missed the window where having the information was valuable.
Wallphy allows members to instantly see patterns in wallet associations and trade coordination for any micro-cap token on the Ethereum network. Even better, community communication and collaboration creates truly decentralized intelligence that can evolve to stay ahead of even the most sophisticated bad actors. It’s true Web3 solution to a Web3 problem.
The Wallphy Membership Token
In keeping with this Web3 ethos, members gain access to the Wallphy app by owning the Wallphy Token, an Ethereum-based token tradable through Uniswap. This fosters a community of actively engaged individual users rather than just speculators or data miners. Increasing levels of ownership will unlock more features and utility.
WHY and WHO?
The Alt Coin summer of 2021 unleashed a tsunami of tokens that triggered rapid blockchain innovation. With this frenzy came shady, exploitative developers. Almost every week, groups continue to launch a new token, giving themselves the bulk of the supply, pumping up the price and “pulling the curtain” by cashing out. After “getting roughed up” ourselves several times, it became a passion project for us to shine a light on these manipulative practices.
Wallet is powered by a team of experienced investors, entrepreneurs and technologists committed to building tools that will accelerate the Web3 vision of openness and decentralization. The entire management and development team has been doxxed, meaning their identities have been publicly revealed, which is still unfortunately rare in the space. More information about Walletography and the Wallphy app is available at www.wallphy.io.
Media contact:
Dan Hughes
(872) 215-2127
[email protected]
SOURCE Walletography, LLC
