Team Up!
Shibaken Finance and MoonFactor join hands: how a search provider is helping to unlock value traps in crypto
Stakeholders:
MoonFactor
“MoonFactor is a cryptocurrency research platform helping market participants find early entry into high-potential, and legitimate projects.”
Shibaken Finance
“Shibaken Finance is a cryptocurrency project developing innovative solutions on the blockchain. Part of the decentralized finance movement, our aim is to support sustainable communities in need; fostering food, energy and water security.”
Official Announcement
MoonFactor: powerful search solutions
The Shibaken team is pleased to announce our first partnership, choosing MoonFactor as our first crypto data search provider. MoonFactor will play a key role in our ongoing strategy to reach new markets and unlock value traps.
As part of our ongoing developments in crypto, the Shibaken team was searching for a partner with adaptable search queries for project discovery — and to reach holders of sub-optimized token projects. MoonFactor’s customizable search queries and practical UI design means we will save time and increase operational efficiency by pinpointing search queries directly into new and emerging market sectors — directly relevant to our purposes.
In Detail
As outlined in our last major update here, Shibaken is in the process of developing a swap platform where holders of failed, abandoned or rugged projects will have opportunity to regain the potential of their failed tokens — through a transference of value into Shibaken Finance’s community driven, cryptocurrency token ecosystem. These investors will swap their “deadcoins” for a new token, providing them with a valuable asset as well as entry into our community. The same swap token will be rewarded to SHIBAK stakers and liquidity providers through our first yield farm — which is presently under development.
For us to realize the full potential of this venture, we needed the right tools at our disposal. Tools to help identify qualified projects — in line with our cultural standards and potential candidates for our ‘fair value’ token exchange. And while data platforms like CoinGecko and CoinMarketCap display basic criteria like market cap and investor activity, we needed to go beyond and find a partner who could offer more.
Enter MoonFactor.
“MoonFactor is a research platform with a bias towards investing into early, legitimate projects with high upside potential.”
In addition to solving our need for customizable search, MoonFactor is a highly effective search platform for token traders and crypto investors interested in identifying potential HVTs — High Value Targets. With MoonFactor, users can search for projects according to a number of important customizable filters, including (but not limited to):
- Market cap
- Circulating and total supply
- 24hr price change
- 24hr volume
- All-time high / low (and % from there)
- Social data, eg. Coingecko upvote %, Reddit subscribers, Twitter followers, Telegram channel users
A Mark of Distinction
Most people using MoonFactor are interested to identify “gems” and “sleeping giants” on the cusp of token price increases. Shibaken is doing the opposite — finding projects which are showing signs of weakness; susceptible to abandon and failure. To date, we have found no other platform equal to the levels of customizable search on MoonFactor — and in a form-factor we find pleasing to work with, overall.
Shibaken and MoonFactor: partners for a mutually beneficial society.
In exchange for exposure to the Shibaken community and our peer network of service providers, MoonFactor is granting our team access to their entire array of search functions at no cost, and providing assistance with detailing our search queries.
Speeding up our ability to identify and convert token communities to our swap platform, translates to minimizing manual data searches, improving the overall quality of our work, and unlocking higher levels of trapped value that would otherwise remain stranded.
We look forward to more partnership agreements like this one in the future — where dedicated service providers like MoonFactor can be recognized for their help in assisting us to reach as many under-purposed token projects as possible.
Shibaken is excited for Q4 with big plans to expand our network! To join our journey of discovery and learn how our token ecosystem will improve communities everywhere, have a read through our latest update here.
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