💡 Intro
🥳 Welcome to the first DeepDive Edition of our research Substack!
Each Saturday: we’re bringing you an in-depth Web3 product deep dive, written directly by the product’s team.
We are super excited to start these partnerships with the best tools in Web3.
None of these guest posts are paid, so if you have a product that you’re a part of: DM us, we’d love to get it added to the schedule!
Today, we have the DropsTab team covering their awesome crypto tracking tool called EtherDrops Bot.
We used this heavily during the bull market to get price alerts & wallet notifications which helped us trade effectively.
To date: the product has over 430k users with 5M notifications sent daily.
What is EtherDrops bot?
EtherDrops bot is an innovative tracking tool designed for cryptocurrency investors and traders. The bot provides users with a comprehensive set of tools and features to analyze market trends, track price movements, and receive real-time alerts, all of which can help them make more informed trading decisions. Currently, the tool is used by almost 500k users worldwide!
Built for a variety of different networks, EtherDrops bot is a reliable and secure tool that can handle high volumes of data and deliver accurate information to its users. The platform is user-friendly and can be customized to meet the needs of individual traders, regardless of their level of experience.
EtherDrops was founded back in 2018 by the core team from DropsTab. Initially, it could only monitor the Ethereum network and alerts users about wallet transactions and change in coin prices. Current functionality is a lot more diverse.
Benefits of using EtherDrops?
With EtherDrops bot, users can access a wide range of features. Those are, but not limited to:
Coin price alerts
Advanced charting tools
NFT price and transactions
Wallet transactions
Swaps
Gas prices
Liquidity pools monitoring
Supported networks are BSC, Ethereum, Fantom, Avax, Polygon and Arbitrum.
The key feature of EtherDrops bot is its customizable notification system, which allows users to receive notifications for a variety of events, including price changes, volume spikes, and news events. Users can choose which notifications they want to receive and can set custom criteria for each notification, such as minimum volume thresholds.
For example, notify me if Flow is up or down by 5%. Well, you just got yourself an alert below:
Or a swap between two tokens:
The same applies for wallet transactions and NFT`s and much more. Users create their tailored notifications that will help them stay up to date with their investments, portfolios, whales monitoring and much more!
In order to add anything to the bot, the user has to interact with the bot`s main Menu.
It is quite straightforward. If a user wants to add a coin, wallet, NFT, there is a “+ Add” button. From there the user can include the name of a token to track or a contract address to identify a specific wallet, pool etc. The rest of the settings are logically lined up to create these tailored notifications.
Finally, EtherDrops bot offers a referral program that allows users to earn real money by inviting friends and colleagues to use the platform. Users can earn a share of revenue generated by their referrals, and their invitees can receive a discount for purchasing a subscription using their referral code.
Overall, EtherDrops bot is a great tool for cryptocurrency investors and traders who are looking for a powerful and user-friendly tool to help them keep up with the crypto market!
Team Background
EtherDrops is a branded product of DropsTab.
DropsTab is a cryptocurrency market tracker designed to facilitate day-to-day crypto analytics, monitoring and portfolio management.
Started in 2018 as a small start-up, the service was developed for a small community. Initially, it was designed to track crypto prices and provide portfolio management tools. Moving forward, DropsTab started to receive other feature requests. Users began seeing the service as a substitute for CMC or Coingecko.
The ultimate vision of DropsTab is to create a crypto Bloomberg-like platform, covering every aspect for cryptos. Beginning from price and ending with highly-sophisticated tools for analysis. So what do they have to offer to the market? 👇
Fundraising summary (includes info on private, seed etc. rounds; valuations; token release schedules etc);
9,000+ coins on the radar;
Latest news and updates from projects;
Monitoring of top influencers subscribed to projects;
Real-time crypto prices and volumes;
Insight section featuring coins in the "Accumulation Phase" and "Price Bounce and Dip";
The team at DropsTab is committed to providing exceptional customer service and support, and they work closely with their clients to understand their unique needs and goals. They offer personalized solutions tailored to each client's specific requirements, ensuring that they receive the best possible results.
Disclaimer: None of this is to be deemed legal or financial advice of any kind. Always DYOR!