Strategic Partnership: Coinecta — Xerberus

Coinecta Finance
4 min readOct 23, 2023

Hey Cardano family! We’re excited to announce our strategic partnership with Xerberus. This collaboration brings advanced analytic tools and services, with a primary focus on evaluating risk assessment of assets via transactional history and on-chain data, to projects launching their IDO through Coinecta.

But what exactly is the purpose of this partnership?

Let us begin by firstly introducing both Xerberus and Coinecta.

About Xerberus

Xerberus is a data analysis project using advanced mathematics in lieu of the more common machine learning or artificial intelligence methods to develop a system for risk assessment and projection analysis.

What does that mean?

Xerberus’ major goal is to make crypto less risky for investors and established companies, as crypto is becoming increasingly popular for scams. Cryptocurrencies were intended to provide an alternative to the old banking system, but with all the frauds, it’s more of the opposite than a safer place.

‘’Cut through the noise and instead gain an objective insight into the current risks associated with a blockchain-based asset.’’

That is where Xerberus’ services and analyses come in. One of their primary offerings is a decentralized risk rating system, which aims to fill the gap left by traditional rating agencies. They aim to rate all forms of tokens, including commodities, equities, derivatives, and debt tokens.

In short, they evaluate all objective facts that can be gathered in the form of blockchain transactions and general on-chain data and combine them in a single mathematical model. This serves as the foundation for their risk scores.

About Coinecta

Coinecta is a fully decentralized and open-source token launch platform built on the Cardano blockchain and powered completely by smart contracts.

“Crowd-funding With Benefits.”

Coinecta is a platform dedicated to assisting innovative projects who want to launch their tokens in a fair and transparent manner without relying on VC’s.

Our comprehensive token launch platform streamlines the process of raising community funding, resulting in quicker and more cost-effective launches with advanced transparency.

We achieve this through the use of smart contracts, which ensure tokens are securely managed and distributed without human intervention and manipulation, minimizing the chance for teams to exploit community funds. If a team doesn’t fulfill their promises, the token’s value will decrease when their vested tokens become accessible.

Coinecta operates under a corporation registered in El Salvador, a country with a neutral stance on global trade. This means that projects face fewer regulatory hurdles when launching. Additionally, we are a registered Money Services Business in the US, allowing us to engage with US investors while strictly adhering to KYC and AML regulations.

Purpose of this partnership

The strategic partnership between Coinecta and Xerberus is a huge step forward for the Cardano ecosystem’s transparency and security.

Coinecta will integrate Xerberus’ risk rating system into their platform as part of this partnership, providing a full review of the projects based on verifiable blockchain transactions and on-chain data, which serves as the foundation for risk ratings.

These risk assessments and metrics will be available to investors and the community on the project pages of a specific token on Coinecta. This information allows investors to make informed decisions, protects them from potential scams, and encourages active participation in the projects they invest or looking forward to investing in.

Let’s take a closer look at what this partnership involves:

  • Data visualization: Providing a robust data visualization tool for clear display of project data and metrics, including risk ratings for the community.
  • Token Liquidity tracking: Implementing a comprehensive system to monitor and provide real-time updates on token liquidity for projects launched on the platform, ensuring transparency.
  • Vesting monitoring: Integrating a real-time vesting wallet tracking system, offering detailed information on the vesting status of tokens held by team members, partners, and stakeholders, along with automated alerts for unreasonable token transfers.
  • AML Compliance: Providing a system for comprehensive tracking of wallet history to ensure compliance with money laundering regulations, identifying and flagging wallets involved in potentially malicious or non-compliant activities.
  • High-value asset alert: Implementing a protocol to identify and notify relevant individuals of wallets holding significant quantities of a token (over 500k ADA worth).
  • Rug-pull alert: Provide a Rug-Pull Alert mechanism in case of suspicious token movement which might be a rug-pull, aiming to protect investors.

Conclusion

In conclusion, this partnership is an essential step towards improving transparency and security within the Cardano ecosystem. Coinecta empowers community members and the community with objective insights from verified blockchain transactions and on-chain data by integrating Xerberus’ risk assessment protocol. This teamwork not only protects investors from potential scams, but it also encourages active participation in projects of interest.

Lastly, this collaboration demonstrates our dedication to revolutionizing token launches on the Cardano blockchain by making them fair, transparent, and secure.

“Alone we can do so little; together we can do so much.”

This is one of many partnerships we’re looking forward to putting together, as we believe together we can build a better Cardano ecosystem.

Thanks for reading, see you next time!

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Coinecta Finance

Coinecta is a next-generation Cardano-based token launch platform, striving to be the launchpad of choice for innovative blockchain projects.