AMA Recap: Copin Analyzer & Bitget Wallet India Community

This is a recap of the AMA Copin Analyzer, answering questions about Copin.io in the Bitget Wallet (Formerly BitKeep) community.

Copin Analyzer

Jan 09, 2024

Date and Time: December 26, 203, at 7:00 UTC

Venue: @BitgetWallet_India
Purpose: To provide insights into Copin Analyzer's operations and future plans
Presenters from Copin Analyzer: Mr. Anol, Co-founder and CMO, and Kriss, Community Manager.

AMA Highlights

Part 1: Questions from the Bitget Wallet India Team

Question 1: Can you elaborate on the key features that Copin Analyzer offers to users within the perpetual DEX ecosystem?

Answer: Copin Analyzer has developed two main applications based on the data of on-chain perpetual traders from exchanges like GMX, Kwenta, and Polynomial. The first application is an on-chain derivative trader analysis tool, capable of filtering and assessing wallets through 26 different criteria, including ROI, PnL, and win rate. The second application is a copy trading feature for on-chain traders on DEX derivatives exchanges, catering to investors lacking time or expertise in trading.

Question 2: How does Copin Analyzer provide detailed data about on-chain traders collected from blockchain networks and decentralized exchanges? How can users utilize this data to understand the performance, positions, and trading strategies from on-chain traders?

Answer: Copin Analyzer sources detailed data on on-chain traders by collecting transactional data from over 50 different perpetual decentralized exchanges across various blockchain networks and layer2 solutions. This data, after a thorough process of cleaning and formatting, results in a refined dataset that includes profiles of over 2 million traders. Users can leverage this data to gain insights into trader performance and strategies, employing tools like Trader Explorer and individual trader profiles for a comprehensive analysis.

Question 3: How does Copin Analyzer use on-chain trading data to provide diverse, transparent, and accurate analytical features for its users in the field of copy trading?

Answer: Copin Analyzer aggregates on-chain information from various data sources in real time, ensuring transparency and accuracy. The focus is on developing features and expanding partnerships to improve the project's integration capabilities with partners, thus enhancing the overall utility of Copin Analyzer in observing trader behavior and facilitating copy trading.

Question 4: How does Copin.io address challenges related to moving assets across different perpetual DEX platforms?

Answer: Currently, Copin Analyzer does not involve itself in managing or moving user assets across different perpetual DEX platforms. Users need to have assets on the respective DEX platforms to initiate copy trading. Copin is yet to develop solutions for asset transfers between different DEX platforms.

Question 5: What customization options does Copin Analyzer offer for users participating in copy trading, and how do these customizations enhance the user experience?

Answer: Copin Analyzer provides comprehensive and customizable settings for copy trading. These settings include options for leveraging, customizing stop-loss settings, and other indicators in the Backtest feature. The platform also integrates features for comparing traders, enabling users to evaluate and compare strategies across different traders, thus minimizing risk and enhancing understanding of various trading approaches.

Part 2: Questions from the Community

Question 1: I see the problem here that the trading volume in perpetual DEXs is always less than perpetual CEXs, so what will Copin do to improve that in perpetual DEXs space?

Answer: Copin Analyzer has considered this issue and is focusing on enhancing features and user experience to address the challenge. Additionally, efforts are being made to educate the community through features in the product, AMA sessions, and other platforms, facilitating easier access and understanding of Copin.

Question 2: Many users focus on UI/UX in the perpetual DEX narrative, so how does Copin Analyzer improve it and does your team allow suggestions and feedback from the community?

Answer: Copin Analyzer is dedicated to continually refining its interface for enhanced accessibility, especially for new users. Feedback and contributions regarding user experience from individual users or the community are always welcome, aiding in understanding user behavior and preferences in DeFi tasks.

Question 3: What role does interoperability play in Copin Project's vision for the future of decentralized finance, and how does the project plan to collaborate with other blockchain protocols to achieve its interoperability goals?

Answer: Rapid integration of all existing perpetual DEXs is a primary goal for Copin Analyzer. Each DEX, built on different blockchain networks with unique mechanisms, presents a significant challenge for integration. Efficient integration of these platforms is crucial for enriching the DEX ecosystem and enhancing Copin's utility.

Question 4: What distinguishes the Copin Analyzer from other decentralized finance (DeFi) projects, and how does it aim to address current challenges or inefficiencies in the DeFi space?

Answer: Unlike other on-chain analysis tools, Copin Analyzer specializes in data from perpetual traders and provides APIs for developing features contributing to the perpetual DEXs ecosystem. This unique approach positions Copin Analyzer as a potential game-changer in the DeFi space, facilitating the onboarding of new users and saving time for experienced traders.

Question 5: I’msoon curious about the project's roadmap. Could you share any insights into upcoming developments, partnerships, or milestones that the Copin Analyzer community can look forward to in the near future?

Answer: Key milestones for Copin Analyzer include integrating additional perpetual DEX platforms, launching decentralized copy trading features, and releasing an official app version. Plans are also in place for applying for a seed round with Binance Labs and developing a mobile app version in the future.

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