Market Analysis Report (09 Jul 2021)

Sonar is a dynamic, all-in-one crypto tracking platform aiming to simplify and accelerate online investments. The cryptocurrency analytical ecosystem provides a safe place for users to research, manage, and decide on their current and future crypto investments by providing complete transparency and traceability. 

Sonar provides analytics data for both the Ethereum and Binance Smart Chain (BSC) blockchains. The platform enables price and social analytics, as well as contract audits and trading notifications. 

$PING Token 

The PING token is a BEP20 utility token that is designed to provide stability and reward holders while sustaining the ecosystem development and growth. A 10% fixed transaction fee is applied, which guarantees a constant increase of holdings for investors, liquidity, and funding. The transaction tax is broken down into four categories:

• 2% tax is returned as a frictionless redistribution to all Sonar token holders
• 3% tax is returned to the liquidity pool to protect Sonar holders’ token value and support Sonar’s price stability
• 3% tax is distributed to the Sonar Marketing and Development wallet
• 2% tax is distributed to the Sonar Innovation Lab Wallet

PING token holders have access to the advanced tracking features and can take advantage of Sonar’s unique analytics platform.

Sonar Roadmap

Sonar’s roadmap includes the creation of a wrapped $PING, which bridges ERC20 and BEP20 standards and will become tradable on Uniswap. Also, Sonar plans to develop its custom wallet app, as well as listing on major tracking apps like Blockfolio, decentralized exchanges, and Tier 1 centralized exchanges.

Sonar is currently undergoing rigorous audits by Techrate and afterward will be audited by CertiK.

Source: https://www.cryptocompare.com/email-updates/daily/2021/jul/09/