The transparency of the blockchain allows anybody to see critical events as they happen, but few in the industry take advantage of this fully, instead reacting to headlines after they’ve already impacted their portfolio.
However, in an industry where a single money transfer can turn unknown projects into unicorns or collapse billion-dollar companies, only investors who get the critical information faster than the rest survive and thrive.
Footrace lets anyone stay steps ahead of this volatile market.
"Wallet tracking allows you to observe and monitor the flow of digital assets across the blockchain. Essentially, you know what important wallets are doing, which can provide insights into industry trends and promising projects. You also know when whales move money out of a project and, as the practice is refined, when hacks and attacks are underway," said Wade Deng, CEO of Footrace.
"Because the true power of wallet tracking lies in getting people critical information quickly, we've built the Footrace to include the most powerful and customizable alert system for this type of product. It’s fully customizable depending on any business’ needs, no matter the category of blockchain project they want to focus on or the events they need to set up as triggers.”
Footrace is both a research tool to look into CEXs, DEXs, VCs, and projects, while also warning users when newsworthy events could unfold.
By aggregating Web3 events, like wallet transfers, NFT sales and CEX balances, with those from Web2, like social media milestones and surges in search interest, Footrace lets blockchain organizations integrate the alert tool with multiple data sources and set up the notifications they need to safeguard their assets, alert their community or inform their followers. Those notifications can be sent via email, SMS, phone call, text, Twitter Telegram, Discord and other channels.
"The last several months have shown everyone how dangerous the crypto market can be if you're caught off-guard. But the core ethos of crypto and blockchain is personal responsibility over one's assets. This means everyone needs to research and observe the projects they entrust with funds. That's why we believe tracking technology like Footrace will be at the forefront of the crypto market in the next few years." Said Hanson Chan, an analyst at Footprint Analytics.
The combination of features offered by the platform lets users understand what key wallets are doing across 22 chains and warns investors of dangerous and opportune moments.
While Footrace is not the first Web3 notification platform, by being built on the Footprint Analytics architecture it is able to offer an unmatched breadth of data. It covers 22 chains plus CEXs, DEX, NFTs, and regular wallet transactions. The queries are customizable, offering crypto professionals unmatched flexibility to integrate into their own internal and public-facing products as they require.
“Footrace is just one example of Footprint Analytics’ data infrastructure being put to use to solve real problems in the industry. We expect new capabilities, apps, and technology to be built on top of this that make the blockchain more accessible and transparent." Said Navy Xie, CEO at Footprint Analytics.
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