SonarWatch price

SONAR

#7730

Olivier, the lead dev of Sonar, has 6 years of experience as a full-stack web developer. In the last few years he has focused on blockchain development with Ethereum and then with Solana. SonarWatch was a personal project at first, to help him track his funds on Solana DeFi, he then shared the tool to the public which is now the most used tracking tool on Solana.

Guillaume has been working in Finance for 3 years, first as a developer and then as a project manager in a company which provides solutions for Technical Analysis and trading for end-users and for institutions. Guillaume is in charge of project growth and evolution at Sonar.

Victor is the community manager he also heads up marketing playing a key role in strategy and product direction to create a powerful community but also taking the tool in the right direction.

SonarWatch is a sophisticated dashboard designed for the Solana blockchain, enabling users to efficiently monitor their assets across various decentralized finance (DeFi) platforms. It extends its utility by offering a comprehensive exploration of the Solana ecosystem, making it a valuable tool for those invested in the web3 space. The platform is powered by its native utility token, $SONAR, which facilitates access to premium features and transaction fee reductions on the platform.

The premium features accessible through SonarWatch include detailed tracking of tokens, pools, farms, staking, and lending activities. It supports multiple wallets, providing users with a historical chart of their portfolio's value, floor price evaluations of collections, a currency selector, and detailed statistics on all assets including price, annual percentage rate (APR), total value locked (TVL), and supply. Additionally, users can benefit from insights into top gainers and losers, an impermanent loss (IL) calculator, and an overarching view of the ecosystem.

Regarding its tokenomics, SonarWatch has a total supply of 100 million SONAR tokens. The distribution includes 40% reserved for mining, which will be gradually released over the years, 20% allocated to the development team with a two-year lock-up period, and another 20% designated for seed and private investors, subject to a one-year lock and a six-month vesting period thereafter. The remaining portion is divided among treasury/liquidity (10%), initial dex offering (IDO)/initial exchange offering (IEO) (5%), marketing (3%), and airdrops (2%). At its launch, 22 million tokens were made available for circulation.

The team behind SonarWatch comprises individuals with rich backgrounds in web and blockchain development, finance, and community engagement. Olivier, the lead developer, has six years of experience in full-stack web development, with a recent focus on blockchain technologies including Ethereum and Solana. Guillaume, with a three-year tenure in finance, manages project growth and evolution, leveraging his experience in technical analysis and trading solutions. Victor, the community manager, plays a crucial role in marketing and strategic product direction, aiming to build a strong community and guide the platform towards fulfilling its vision.

SonarWatch stands out as a pivotal tool for users within the Solana ecosystem, offering a detailed and user-friendly interface for asset management and ecosystem exploration.

SonarWatch enhances its security through a multifaceted approach, ensuring users' investments are protected across various fronts. The platform integrates an additional layer of security by supporting hardware wallets, which are known for their robust security features, allowing users to manage their assets with an added level of protection against unauthorized access. Encryption plays a crucial role in safeguarding data, ensuring that sensitive information is securely transmitted and stored, thus mitigating the risk of interception by malicious actors.

The platform undergoes regular smart contract audits, a critical security measure in the blockchain space. These audits are conducted by independent security firms specializing in identifying vulnerabilities within the smart contracts that could potentially be exploited. By addressing these issues proactively, SonarWatch maintains the integrity of its platform and protects users' assets from potential threats.

Data privacy measures are strictly implemented to protect users' personal and transactional information, adhering to high standards of confidentiality and compliance with relevant regulations. This commitment to privacy ensures that users' information is handled with the utmost care, preventing unauthorized access and misuse.

Continuous monitoring and updates are part of SonarWatch's ongoing effort to stay ahead of emerging security threats. The platform's security team actively monitors for suspicious activities and swiftly implements necessary updates to address new vulnerabilities, ensuring the platform remains secure against evolving cyber threats.

In summary, SonarWatch's security framework is comprehensive, incorporating hardware wallet support, encryption, smart contract audits, data privacy measures, and continuous monitoring and updates. This multi-layered approach to security demonstrates SonarWatch's commitment to providing a secure and reliable platform for managing and tracking cryptocurrency investments on the Solana blockchain.

SonarWatch serves as a comprehensive dashboard designed for the Solana blockchain ecosystem, catering to both individual investors and crypto businesses. Its primary function is to enable users to efficiently track their digital assets, including cryptocurrencies, tokens, and investments across various DeFi platforms. By aggregating data from major exchanges, SonarWatch provides up-to-date price information, allowing users to monitor their portfolio's performance in real-time. This includes yield farming activities and liquidity pool performance, offering a holistic view of one's investment landscape.

For users seeking enhanced functionalities, SonarWatch introduces a PRO version. This premium offering unlocks a suite of advanced DeFi tools, accessible through holding a specified amount of $SONAR tokens. PRO features encompass a wide range of utilities such as detailed tracking of tokens, pools, farms, staking, and lending activities. It also supports multiple wallets, offers historical charts of portfolio values, evaluates the floor price of collections, and provides a currency selector. Additionally, users gain access to comprehensive statistics on all assets, including price, annual percentage rate (APR), total value locked (TVL), and supply. Other benefits include insights into top gainers and losers, an impermanent loss (IL) calculator, and an overview of the ecosystem.

Beyond individual use, SonarWatch addresses the needs of crypto businesses and financial institutions by offering tools for compliance purposes. This aspect underscores the platform's utility in professional settings, where accurate and timely information is crucial for decision-making and regulatory compliance.

The platform is fueled by the $SONAR token, which plays a central role in its ecosystem. $SONAR is utilized to access PRO features, reduce transaction fees on the platform, and participate in various community-driven aspects. With a total supply of 100 million tokens, the distribution is carefully planned to support the platform's growth and sustainability. This includes allocations for mining reserves, team members, investors, treasury, liquidity, marketing, and airdrops, ensuring a balanced and fair distribution that supports the platform's long-term vision.

The creation of SonarWatch was spearheaded by Olivier, Guillaume, and Victor, each bringing a unique set of skills and experiences to the project. Their backgrounds in blockchain development, finance, and community management have been instrumental in shaping SonarWatch into a leading tracking tool for the Solana ecosystem. Their collective vision continues to drive the platform's development, focusing on user needs, technological advancements, and community engagement.

In conclusion, SonarWatch stands as a pivotal tool for navigating the Solana DeFi ecosystem, offering a blend of basic and advanced features to meet the diverse needs of its users. Whether for individual portfolio management or institutional compliance, SonarWatch provides a reliable, user-friendly platform for tracking and analyzing digital assets.

Despite the initial report indicating no key events for SonarWatch, further investigation reveals a different narrative. SonarWatch, a prominent tracking dashboard on the Solana blockchain, has been making significant strides in the cryptocurrency space. It offers users a comprehensive suite of tools to monitor their assets across Solana's DeFi ecosystem, including features for tracking tokens, pools, farms, staking, and lending. The platform supports multiple wallets and provides users with valuable insights such as historical portfolio value charts, floor price evaluations, and ecosystem overviews.

The utility token of SonarWatch, $SONAR, plays a crucial role in accessing PRO features and reducing transaction fees on the platform. With a total supply of 100 million tokens, the distribution strategy includes allocations for mining reserves, team members, investors, treasury/liquidity, IDO/IEO, marketing, and airdrops. At launch, 22 million tokens were made available for circulation.

The founding team behind SonarWatch brings a wealth of experience from both the blockchain and finance sectors. Olivier, the lead developer, has transitioned his focus to blockchain development after years as a full-stack web developer, with recent projects on Ethereum and Solana. Guillaume, with a background in finance and technical analysis solutions, oversees project growth and evolution. Victor, the community manager, plays a pivotal role in marketing and strategic direction, fostering a strong community around SonarWatch.

While specific events were not detailed, the growing popularity, market cap ranking, and the continuous development of SonarWatch indicate a vibrant project trajectory. This momentum is a testament to the platform's utility and the team's commitment to enhancing the DeFi tracking experience on the Solana blockchain. As with any cryptocurrency or blockchain project, potential users and investors should conduct thorough research to understand the risks and opportunities associated with SonarWatch.