[Cointerview] "STAT Expands as an Information Platform for 580 Million Global Coin Investors"

New Services 'STAT Lockup' and 'AI Report' Launch at the End of June

First Launch on Bloomingbit... Global Expansion Follows

Utilization of Social Trading-Based Technology and Know-How Accumulated Over 3 Years

Incorporating Off-Chain Data Beyond On-Chain

Park Joo-hwan, Co-CEO of STAT / Photo provided by STAT

"While STAT has focused on social trading services for 'traders' until now, the future STAT plans to expand into a platform that provides all 'statistical data' for global virtual asset investors and foundations by utilizing accumulated social trading data and know-how."

Park Joo-hwan, Co-CEO of STAT, stated this in an interview with Hankyung Bloomingbit at their office in Gangnam, Seoul, on the 17th, regarding future business plans.

Co-CEO Park said, "Virtual asset investment has now become a global trend. According to a report published by Crypto.com in 2024, about 580 million people are investing in virtual assets," adding, "However, despite this popularization, virtual asset investors still suffer greatly from fragmented information and low reliability."

He explained, "Therefore, STAT aims to solve the problem of information uncertainty in the virtual asset market by gathering data from market participants with existing social trading platform operation know-how and data, on-chain and off-chain analysis know-how, AI technology, and quality content production capabilities, and supplying it tailored to all virtual asset investors such as individual investors, institutional investors, and foundations."

He continued, "In this process, those who contribute to information collection will be rewarded using STAT tokens, and users who utilize the information will be required to lock up STAT tokens to use the utility, thereby implementing a sustainable social trading-based investment information ecosystem based on STAT's token economy."

The following is a Q&A with Co-CEO Park Joo-hwan.

▷What prompted the expansion of STAT from a service for traders to a customized information service platform for not only traders but also individual investors, institutional investors, and foundations?

Due to the nature of virtual assets where real-time movement information of assets is disclosed on-chain, investing based on market fund flow information has become an indispensable means. As a result, the demand for virtual asset market data from individuals, institutional investors, and foundations that issued coins is exploding.

However, the data within the virtual asset market, which should be the most transparent based on blockchain, still has several limitations for use as an investment basis. The biggest problem is the issue of low reliability. We believed that this could be solved through the social trading data and investment information we have accumulated.

▷Why is it difficult to trust on-chain data?

For example, let's assume that a large amount of tokens flowed from an external wallet to an exchange wallet according to on-chain indicators. We cannot know whether this volume was actually sold after entering, or if it was just held after entering, or if it was sent to create a fear (or euphoria) atmosphere for someone's benefit.

▷Are there limitations to making investment decisions based on on-chain information?

That's correct. Also, on-chain only discloses the address and transactions of wallets, and since the identity information of each wallet owner is unknown, a significant portion of on-chain indicators or wallet activities are often manipulated or exaggerated by a few.

On the other hand, the external information and social trading data accumulated by STAT with Bloomingbit are based on actual events that occurred in reality and action data that occurred within exchanges, so they can fill the blind spots of on-chain information.

▷But doesn't off-chain information also have limitations?

Therefore, to obtain meaningful information in the virtual asset market, it is necessary to gather a vast amount of data from both on-chain and off-chain and have the know-how to select and analyze only the information with utility value.

However, in the virtual asset market, while there are numerous investment information platforms specialized in specific areas, there is virtually no platform that can comprehensively collect, analyze, and process data across on-chain and off-chain. This is why STAT is expanding into an information provision platform starting with the launch of this new service.

▷Please introduce the new services to be launched at the end of June.

The newly launched services are 'STAT Lockup' and 'AI Report'.

▷What is the STAT Lockup service?

STAT Lockup is a feature that provides various utility services when STAT tokens are locked up in the user's wallet. It is scheduled to be first introduced to investors using Bloomingbit at the end of June. The lockup feature is divided into two functions: one for individual investors and one for foundations. Individual investors must lock up 2000 STAT, and foundations must lock up 200,000 STAT to use the service. If locked up during the third quarter, early bird benefits will be provided, allowing the same service at half the regular price.

▷What benefits can individual investors receive by locking up STAT?

Individual investors can use the real-time AI Report service provided by STAT, receive a dedicated badge, and enjoy all the premium membership benefits that will be disclosed later on the Bloomingbit platform.

▷What is the AI Report service?

The AI Report is a service where AI summarizes and organizes necessary information for virtual asset investors in the form of a report based on real-time data. Unlike general investment-related reports, which lose their value over time after publication, the AI Report is written by AI based on real-time data, allowing investors to experience various insights whenever they request report generation.

▷What differentiates it from other AI Report services?

STAT plans to exclusively showcase data that has not been shown on any other platform in the report by partnering with Bloomingbit, the strongest in off-chain information in the virtual asset industry. Additionally, sentiment analysis data, which analyzes real-time reactions and comments from various virtual asset investors using external platforms, will also be provided.

STAT's AI Report service receives technical advisory cooperation from Amila AI, a Canadian AI startup known for having Joshua Bengio, one of the world's top three authorities in deep learning and a 2018 Turing Award winner, as an advisor, and plans to continuously improve it after launch to make it one of the unique services.

▷Foundations require 100 times more STAT than general users; what benefits can they receive by locking up on Bloomingbit?

They can receive various foundation customer benefits provided by Bloomingbit. For example, they can obtain the right to send push notifications to tens of thousands of Bloomingbit users or insert banners, and if they are a foundation in need of domestic marketing, they can also receive marketing and IR consulting services.

Additionally, Bloomingbit 2.0 will create community pages for each coin, allowing users to use the community, and foundations will be able to manage the trends of their coin holders and access related data through STAT lockup.

▷Is there a fee deducted or anything if the lockup is released?

No, there isn't. The locked-up tokens can be fully recovered at any time by applying for lockup release with the exact number locked up. A third-party security audit has also been conducted on the lockup-related contract. Rather, during the lockup, investors can enjoy utilities and potentially gain profits depending on the price fluctuations of STAT.

However, if re-locking up after release, various additional penalties (increased cost for re-locking up) will be imposed later to ensure that genuine holders of STAT can enjoy more benefits and utilities.

▷Any final words?

I would like to thank the holders who believed in and supported STAT's business model, which provides various services for traders based on social trading data. We will definitely repay your support by providing various utilities based on STAT tokens and creating a sustainable social trading-based investment information ecosystem.