CoinScan Secures Major Funding of $6.3 Million for its Crypto Analytics Tool

Web3 startup CoinScan The recent funding round secured by CoinScan, totaling $6.3 million, will assist in amplifying its platform development and expansion efforts. Prominent investors include Tectona a publicly-listed company in the digital assets space, along with individual investors such as Shalom MecKenzie , a major shareholder in DraftKings and executives from Playtech, including CEO Mor Weizer and Roy Samuelov, the Head of Business Development and M&A.

As the first product from CryptoHub CoinScan is on a mission to reshape the landscape of crypto analytics. The platform provides comprehensive analyses of cryptocurrency charts, helping traders effectively identify scams, rug pulls, and other fraudulent activities.

Yariv Gilat, Chairman of Tectona Ltd., praised CoinScan’s vision, commenting, “CoinScan is actively boosting the image of the crypto sector by furnishing more transparent access to various data sources. The platform's innovative safety features inspire me with confidence about the industry's future.”

#CoinScan , #DraftKings This crypto analytics company, supported by billionaires, has successfully raised $6.3 million💸 pic.twitter.com/MUjT4YDUQ5

— GemX News (@GemxNews) September 21, 2023

CoinScan’s Key Differentiator

The platform equips traders with vital details such as liquidity locks, token taxation, contract renounce status, and honeypot risks. It also features in-depth analyses like airdrop assessments, social sentiment insights, and holder distributions, empowering traders to evaluate token vitality and allocation.

Additionally, the platform has rolled out a Pending Transactions feature, which allows traders to assess price movements before executing their trades.

Crypto enthusiasts shouldn’t be burdened with endlessly poring over transactions and social media to sidestep scams. We’ve designed the platform to meet our own needs—setting a new benchmark for crypto data analytics.

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uz uz The development spanned two years, culminating in a successful beta phase. Shalom MecKenzie, associated with DraftKings, suggested that just like the sports betting landscape, the crypto market should provide traders with the essential tools for evaluating market opportunities.

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