A few years back, cryptocurrency trading was a niche field reserved only for code aficionados and cypherpunks. This is no longer the case.
Bitcoin has become a household name, and with it, many of the leading altcoins took center stage during the last parabolic market advance. Cryptocurrencies hit mainstream media like never before, especially with the surge of meme-coins like Dogecoin and Shiba Inu.
With this, the demand for cryptocurrency trading suites also surged. We saw the rise of decentralized exchanges as a convenient alternative for those who are unwilling to go through rigorous know-your-customer procedures. The demand for accurate, actionable, and appropriate analytics and monitoring tools for decentralized solutions also grew.
This is where Peachfolio comes into the picture. It’s an ecosystem representing a multi-platform solution that’s intended to deliver data, market analytics, financial tools, and news right at the user’s fingertips, all under one roof.
A Closer Look Into Peachfolio
Peachfolio is one of the very few readily available mobile applications that allow users to quickly track every BSC and Ethereum token right in the portfolio from the very moment they launch. The team behind Peachfolio also intends to integrate several other blockchains such as Cardano, Polygon, and Solana.
The mobile application itself is already out. It launched back in June 2021 and is available on both the Google Play Store and the Apple App Store. According to the team, they’ve hit a daily users count of around 60,000, which is a sign that the DeFi community appreciates its position as a reliable analytics and data tracking app.
The following review goes through the overall installation and setup process, as well as usage of the mobile application, while also taking a closer look into the other products available in Peachfolio’s ecosystem.
The Peachfolio Mobile App
As mentioned above, the mobile app can be used on both Android and iOS phones. It can be downloaded for free from the Google Play Store or the Apple App Store, respectively.
After you’ve installed the app, you will be prompted through a quick tutorial. After quickly familiarizing yourself with some of the features, you can add your own BSC or Ethereum-based wallet address and start navigating it, or alternatively, use a demonstration wallet that’s provided. We chose the former and used one of our wallets.
This is what the overall app dashboard looks like used on a Samsung Galaxy S21 device:
As seen above, we have added two wallets – a BSC one and an ETH one – and this is the current combined portfolio. Everything is clearly visible and easily distinguished.
Users can filter the tokens by name and by value – in this case, we’ve selected the latter. If you want to find specific information on a particular token, all you need to do is tap on it, and this will take you to the following screen:
Here, we take a closer look at AAVE. We can see information on its address, price, chart, total supply, market capitalization, current holdings, and their value. Users are also able to read a comprehensive description and track their P&L and trade history from the menu right below the chart.
Additionally, it’s also possible to display your current portfolio through a pie chart. This is a very neat visual representation of your current allocation:
From the wallet icon, users can add or remove tokens.
Now, one thing that we noted is that the app displays all tokens in your wallet, regardless of whether or not there’s actual liquidity for it. We contacted the team, and they responded immediately, explaining that it’s necessary to track all tokens to accurately reflect newly-minted and created ones.
However, if there’s a token that you want to exclude from the monitored list, all you need to do is swipe left and select the Hide option. This will remove it from the list, and it will also remove it from the portfolio’s value. It’s easy and convenient.
In terms of any potential security challenges that the above might cause, the team revealed the following:
These [read: illiquid tokens or tokens that were rugpulled] can be reported and hidden by swiping left on the token, rectifying the value of your wallet. If we receive a number of reports, we investigate and ban tokens deemed not to be legit. We’re always looking at ways to improve on this further.
You can’t trade on the app, so you can never expose your wallet to the dangers of a scam token by interacting with its contract.
All in all, after using the app for a few days to monitor and track the performance of our portfolio, we’re of the conclusion that it’s a very convenient tool, especially for those who are participating actively in the DeFi ecosystem.
A Closer Look Into the Peachfolio Product Suite
Beyond the mobile app, Peachfolio is building a fully-fledged analytics ecosystem that’s geared to provide everything you might need in terms of DeFi data under one roof.
PeachHub allows you to get real-time data, breaking news, a powerful analytics dashboard, and charting tools – all in one place that’s easily synchronized with the mobile application. On top of the basic tools, those who access PeachHub will also get advanced alerts, additional technical analysis tools, a news feed, as well as presale market analysis. This is something that we haven’t come across with other similar applications.
Users are able to get:
- Liquidity analysis displaying where the current liquidity rests
- Social media distribution analytics to monitor community engagement and involvement
- All available markets for a certain token
- Analysis of existing token holders with graphical distribution and visualization
Another thing that makes an impression is that users with access to PeachHub can also enjoy capital gains tax calculations. They can receive detailed reports and calculations based on their specific jurisdiction.
To sync the mobile app with PeachHub, users need to hold a certain number of the platform’s native PCHF tokens.
Those who wish to hone their trading and investment skills can take advantage of the additional resources provided through PeachLearn. The content includes explainers, articles, and videos compiled and crafted by the team, as well as by industry experts from around the world.
PeachLearn to Earn, on the other hand, is an initiative that provides PCHF holders with access to airdropped tokens, as well as assets from partnering projects.
This is designated to become a sophisticated analytics package that aims to spare you of hours or even days of research needed to make an informed decision.
The platform aggregates data from a wide range of sources to provide a centralized hotspot dedicated to delivering actionable information. Users can get market surveillance and analytics tools to find out the latest developments in the market, future trends, whale movements, and social media monitoring. Some of the features in this product suite include:
- Aggregated Influencer Analysis
- Whale Monitoring
- Upcoming Social Trends
This is another feature of Peachfolio that provides users with access to even more tools. These include, but are not limited to:
- Peach Wallet – a non-custodial cryptocurrency wallet used to perform trades in the DeFi ecosystem or simply store your holdings.
- Automatic Dollar-Cost Averaging (DCA) order solution.
- DeFi Farming suite enables users to access a service to farm and track yields directly from their smartphones.
In addition, users are also able to access stop loss and limit orders, real-time trading charts, and even insurance options.
PeachNFT and Gaming
This section is specifically designed for the NFT and gaming aficionados. They can store their non-fungible tokens while also researching others and assess their market value to make an informed decision.
Additionally, users can also track their play-to-earn yields and manage in-game assets.
The Peachfolio PCHF Token
PCHF is the token that underpins the entire platform and Peachfolio’s ecosystem. It has a maximum supply of 1 billion tokens, which was distributed based on the chart below:
The main utility of the token is to provide access to the various analytics tools that the team has created. In other words – to access certain features, you need to hold PCHF. These are the current requirements, as per the official website:
It’s also worth noting that there’s an 8% tax on buys, sells, and transfers of PCHF, which is distributed as follows:
- 2% for liquidity
- 2% for development
- 4% reflections to holders
All in all, after using the app for a few days and looking at most of its available features, it’s fairly easy to conclude that the team has done a great job.
The app is free to use, and you can track up to 3 wallets without having to use any PCHF to unlock additional capabilities. This provides users with enough leeway to properly test the waters. There’s literally everything one might need to properly track portfolio performance and a lot of additional tools that many competitive applications fail to deliver.
Furthermore, using PCHF to unlock additional features offers users a whole new horizon of analytics opportunities.
In short, we can summarize some of the pros and cons as follows:
- A complete set of tools for all your DeFi needs
- Seamless mobile app interface that’s very intuitive and easy to use
- An expanded offering kit that covers all informational needs
- Having to hold a fiat-denominated amount of PCHF tokens might require additional investment, should prices go down