How Sonar Works
Last updated
Last updated
Sonar Trade is an innovative platform that streamlines the process of selling digital assets, utilizing a combination of unique deposit addresses, a real-time processing cloud, and a smart contract system to automate and manage transactions.
User Onboarding: Upon joining Sonar Trade, users can choose between a free account or the enhanced Privacy+ account. Free users deposit directly into the Sonar Contract, while Privacy+ users are assigned multiple unique deposit addresses, offering enhanced privacy and flexibility.
Deposit: Free users deposit tokens or Ethereum directly into the Sonar Contract, while Privacy+ users deposit into their assigned addresses. These deposits are captured by the system, preparing them for trading.
Sonar Cloud: The Sonar Cloud acts as the central hub where deposit information is processed in real-time and integrated with the selected trading strategy, whether that’s DCA, Volume, or Range. It manages the execution of your strategy, ensuring trades occur automatically as per your predefined parameters.
Sonar Contract: At the heart of Sonar Trade is the Sonar Contract, that automates the execution of your trading strategies. Whether you're buying, selling, or executing trades within a range, the Sonar Contract ensures that every trade is carried out securely and precisely according to your set parameters.
Claim: As your strategy progresses and profits accumulate, you can claim your earnings at any time. The Claim section allows you to transfer your profits to the wallet of your choice, even while strategies are still active, giving you real-time access to your funds.
Through a seamless integration of direct deposits, automated smart contracts, and real-time cloud processing, Sonar Trade empowers users to execute strategy-based trading efficiently. Whether you're using the free version or benefiting from the enhanced privacy features of Privacy+, Sonar ensures complete control over your assets and trading activities.
