Top 5 Tools to Maximize Crypto Rewards - Part 3

Data is king in crypto. With data, you can make informed decisions on what tokens to buy or sell. And when to buy or sell these tokens. All for maximum profit. With data, you could even be front-running the whales! Lucky for you, these data are all at your fingertips. In part three of this article series, we’ll share with you five more analytical tools. Tools to maximize crypto rewards for you.

Before we begin, if you haven’t already, do check out our previous articles in this series. Here are the links to part one and part two. Previously, we went through the benefits of these crypto tools. In addition, we brought to you ten tools to maximize crypto rewards for newbies, investors, and traders. Now, we bring you the last five.

Tool #1 – CoinMarketCal

CoinMarketCal is an economic calendar for the crypto space. Simply put, it aims to track all crypto events. Then, it presents these to its users, like you and me, in a calendar format. CoinMarketCal covers events for coins, tokens, and NFTs. Supporting CoinMarketCal is its dedicated community and content verification team. They ensure that the data put forth by CoinMarketCal is timely and accurate.

Aside from its website, CoinMarketCal has an online app. With the said app, you can track your portfolio and stay abreast of the latest crypto news. You can even create notifications to alert you of crypto events as they happen.

Next, let’s take a look at its crypto asset calendar. From here, you can take a look at the past and upcoming events. You can also choose a certain date range to view the events. Or, you can choose the type of events based on coins, categories, and so forth. Some sample upcoming events, just on 7 July 2023 (time of writing), include:

  • Omnisea V2 Mainnet Launch.
  • Big Time Summit.
  • $HDN Token Airdrop.
  • $BEAN MEXC Global Listing.
Tools to maximize crypto rewards - CoinMarketCal
Source: CoinMarketCal

Indeed, CoinMarketCal is one of the most useful tools to maximize crypto rewards. With it, you’ve got firsthand information about events. In turn, you know what coins or NFTs are active in the space. You can act earlier to secure an upcoming airdrop. Also, you can accumulate coins earlier and cheaper once the projects announce an event.

You can hop on to a new exchange to sell your tokens earlier once it lists. The advantages are endless. With CoinMarketCal, it feels like you’re “frontrunning” other investors. But legally, of course.

Tool #2 – Messari

The next of the top 5 tools to maximize crypto rewards for you is Messari. Messari is a leading provider of crypto market intelligence products. In a nutshell, it provides information to help crypto investors of all levels. In addition, businesses, compliance teams, and developers can benefit from its products as well.

So, what are the products that Messari offers? Let’s dive into some of them below:

  • Screener: Messari has its very own project screener. You can use it to track projects from various categories. Examples include “L2 EVM” projects or “Binance Labs Fund Portfolio”.
  • Projects: Messari provides data on the below, all in one library which you can manage easily:
    • Decentralized Finance (DeFi) protocols,
    • Decentralized Autonomous Organisations (DAOs), and;
    • Crypto Tools.
  • Dilligence and Research: Messari provides research reports on specific projects or topics. These reports are relevant, in-depth, and comprehensive.
  • Intel: Messari provides real-time tracking of crypto news and events. It allows users to filter and categorize said news and events. Also, it can notify you when such events happen.

Indeed, Messari is a very useful tool for crypto investors. In particular, it’s well known for its research reports. They give very good insights into projects and current crypto trends. As an investor, it’s wise to look to Messari for research on projects you plan to invest in. Note that Messari offers a Pro subscription. This gives you access to more screener categories and research reports.

Tool #3 – HotContracts

The next tool we’re discussing is HotContracts. This tool enables investors to find top projects on various blockchains. It does so via building custom blockchain indexers. With these, it pulls out data from both on and off-chain sources on smart contracts. Then, it displays these data in a list view for easy comparison and filtering. Feel free to take a look at its interface below.

Tools to maximize crypto rewards - HotContracts
Source: HotContracts

As of the time of writing, HotContracts supports projects from nine blockchains. These include Ethereum, Polygon, Optimism, Arbitrum, Avalanche, and so forth. Aside from that, HotContracts allows you to filter smart contracts based on when it was deployed. The time frames available are:

  • Last 1 hour.
  • Last 4 hours.
  • Last 12 hours.
  • Last 24 hours.
  • Last 7 days.

So, what can you do with this data? We look at two key metrics. Namely, “Tx Count” and “Unique Wallets”. Starting from the top, HotContracts gives you a listing view of new contracts. Next, you filter out early projects with high transaction counts and unique wallets. Voila! You’re now privy to very new projects which have significant activity around them.

However, do note that the projects here carry a large amount of risk! So do exercise caution when investing in projects that are barely a few hours or days old.

Tool #4 – BreadCrumbs

Fourth on the list of tools to maximize crypto rewards is BreadCrumbs. In summary, it’s a blockchain analytics platform for retail investors and businesses. It has a suite of tools for investors like you and me. These comprise of:

  • The Investigation tool. You can use this tool to track and trace the history of crypto fund movements.
  • The Monitoring tool. Use this tool to monitor your crypto assets and transactions in real time.
  • A Risk Application Programming Interface (API) tool. This tool enables you access to risk scores that BreadCrumbs allocates to projects. As a developer, you can integrate this data into your application.

BreadCrumbs offers a free version and paid plans for its users. You can check out its offerings here. We recommend that you start off with the free version first. Get a hang of how the product works, before deciding if you need a paid plan.

Tool #5 – CryptoFees

Our last tool of the day is CryptoFees. It’s a free tool and very simple to use. CryptoFees track the fees paid to use a crypto project’s chain or protocol. As of today, it supports the tracking of 45 protocols. These include popular ones like Ethereum, Binance Chain, Arbitrum, and Optimism.

Tools to maximize crypto rewards - CryptoFees
Source: CryptoFees

From the list above, you can see each project’s daily fees and 7-day average fees. Generally, more fees being paid means more users of the network. But, this isn’t entirely true. Fees on Ethereum are always more expensive compared to other Layer 2s (L2s) like Arbitrum.

So, you can use the “fees paid” data on CryptoFees to judge a project’s adoption. But, we recommend you look at more data (E.G. Inflows, unique wallet addresses, etc) before making a decision.

Conclusion

Yeah! That concludes this three-part article series. All in all, we’ve provided 15 tools to maximize crypto rewards for you. Now, we don’t expect you to use all 15. Depending on what kind of crypto investor you are, find something suitable for you.

Some tools you’ll use more, or some you will use less or not at all. Use these tools if it makes your research easier. You’ll enjoy having that edge over your peers.

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