I. Introducing Spot on Chain

1. What is Spot On Chain?

Spot On Chain (SOC) is an efficient and accurate blockchain data analysis tool that provides optimized on-chain data for analyzing and trading blockchain projects. It is also the simplest and most user-friendly tool available on the market today. With Spot On Chain’s team of data analysts and AI algorithms, users can leverage the platform without the need for extensive trading experience or data analysis expertise.

Spot On Chain not only provides analytics data, but it also offers trading tools and signals for organizations and communities, giving investors quick and accurate access to the information they need to make the right investment decisions. By focusing on each community in each country, Spot On Chain generates market-specific trading insights and signals, making it a great choice for anyone looking to analyze and trade blockchain projects.

2. What is Spot On Chain doing?

Spot On Chain is a blockchain data analytics platform built since the collapse of big names such as FTX, the need to track users’ on-chain data to gain insights into projects has become a significant focal point in the blockchain market. With Spot On Chain, users can find analytics to help make accurate investment decisions, based on in-depth and intuitive on-chain data.

Compared to existing on-chain data analytics tools, Spot On Chain has a clearer focus and is easier to use. Conventional analytics tools are powerful but at the same time too complicated to use, and often give too much information without focus, making it difficult for users to find the necessary information. Spot On Chain is committed to the vision of becoming the most simple, efficient and accessible blockchain data analysis tool to use. If you are looking for the most user friendly blockchain data analysis tool, try Spot On Chain and experience the benefits of the platform.

II. How to use Spot On Chain

1. How to log in

Go to platform.spotonchain.com. If you want to use SOC’s tools on your website, you can use some supported wallets such as Metamask, WalletConnect, and Coinbase to connect directly to the platform.

Since the platform is still running Beta, you need Referral Code to be able to experience the platform. Join SOC’s Telegram to get the code.

2. Signals Overview

After completing the above procedures, you can directly use some special tools of SOC. The Signals page will provide you with highlights of the day related to the behavior of smart traders, whales, and hedge funds. These signals help you identify addresses that are buying, selling, or accumulating a cryptocurrency.

In addition, these signals will also help you know the profit that these wallets get after completing the actions related to a certain type of token.

3. Building Visualizer

The visualizer tool will help you have a more visual view of the operation of each specific wallet address. Copy a wallet address that you want to check and paste into the visualizer. Then select a token type in the address you want to check.

You can check many other wallets related to this address and combine different types of tokens. After completing the selection steps, the platform will display a diagram showing the specific activity of the wallet address you want to check.

You can continue to adjust the type of token you want to track, change the chain that the token is in, or change the time that you want to track. Not only that, but you can also check the balance of the token you are tracking on different chains in the same wallet.

You can check the amount of In/Outflow by clicking “Open” to specifically check the amount and timing of in and out of the token you want to check. This is one of the most interesting features of Visualizer.

4. P&L Analysis

Even more unique, you can switch to Exchange Overview mode to see all the explicit transactions that went through CEX/DEX. With this feature, you can quickly see how well a wallet is trading a specific token in a period of time. You can also refine the chart following your analysis direction my using the filtering by amount and time frame.

5. Smart Alerts

Users can use the Alerts feature to receive notifications every time the wallet address you are tracking has on-chain activity. You can receive Alerts through 3 methods:
– Spot On Chain App: using Spot On Chain App makes you more convenient in times when you do not use the computer but still can use the full function on the website.

– Telegram

– E-mails

6. Wallet Labeling

Labels is a tool that supports users in personalizing the process of aggregating the list of wallets they need to track.

To use Labels, users need to have the wallet address they want to track and then give it a custom name for easier identification. Labels are extremely useful and convenient as users no longer need to store wallet addresses and names in multiple places but can directly utilize them on Spot On Chain.

III. Turn into a Smart Trader with Spot On Chain

1. Create a list of smart traders and whales

To start learning and improving yourself, you need to learn how other smart traders work. Establishing a list of whales and smart traders and keeping track of their activity is a necessity. After that, use Labels to note all of the wallet addresses that you collect.

Spot On Chain has collected some wallet addresses of some investment funds and Kol, you can check out here Dune of Spot On Chain:

https://dune.com/spotonchain/spotonchain-kol-monitor

2. Visualizer: On-chain data detective

After having obtained a list of Whales and Smart Traders addresses, continue to the Visualizer to create a visualize that makes it easier to observe complex blockchain transactions. The Visualizer tool helps you to check the full range of trading behavior and the number of tokens you want to observe. We will create a Visualizer wallet address of Amber Group for you to observe.

We will look at the $BLUR token included in this address. This address currently holds 20M $BLUR ($7.131M). Also, we can notice that Amber Group has not yet sold or transferred any $BLUR tokens out of this address since 6 March 2023. This is a sign that this investment fund is showing signs of accumulating $BLUR.

In the latest action, Amber Group appears to have received 2M $BLUR from OKX

At $0.363 ($726K)

Via wallet 0x011d19410fc79f140c08ffa8301e4153f17f4e27
As the $BLUR price cools down
TXID: 0x012b3f6be419be9411de141cfbc368824985a1bf6118fdcce6162aa0cf39c901

The VC has accumulated a total of 22.5M $BLUR from OKX and Coinbase since Mar 6:

At an avg price of $0.497 (total cost: $11.18M)
Tends to add $BLUR to its holding whenever the price starts to decline
Total estimated loss: $3.195M (ROI: -28.574%).

You can see that, Amber Group still transfers more $BLUR when the market goes down at the end of June. Based on the In/outflow mode, we can see more intuitively the amount of $BLUR transferred in this wallet at specific times. Note that the In/out flow chart does not show whether the wallet is actually buying or selling a certain type of token but only shows the number of transfers in and out of the wallet.

You need to learn how to observe projects to practice investing more effectively. Use the Alerts tool to create notifications about the wallet activities you want to track. This will make it easier for you to keep track of the wallet addresses you want.

Join our rigorously growing community of on-chain data-driven crypto traders here

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