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Chaintools (CTLS) Review

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Crypto fans have a new token to consider for their transactions thanks to ChainTools (CTLS). Launched in July 2023, ChainTools aims to revolutionize decentralized finance (DeFi). The token sells itself as the first ever with no staking liquidity rewards protocol. ChainTools also comes with innovative features that many cryptocurrency users will find invaluable.

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This is a new coin/token that has recently been released by its creators. Therefore there is often only very little information known about the founders and they have no history showing their intentions, which could be both good or bad. The risks related to buying this is extremely high. We never give any recommendations or advise on what you should buy or sell. All information on this page should be considered for education and informational purposes only. Never risk any money that you can not afford to loose. Speculating in crypto currencies is related to extremely high risks and is not suitable for everyone.

Visitor Consensus on Chaintools Today
Positive: 53.13%Negative: 46.87%
What's your view on Chaintools today?
 
›› Trade Chaintools coin here
Remember to never risk money that you can not afford to loose. Crypto currencies is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

 

ChainTools is a token that runs on the Ethereum blockchain. The token's biggest selling point is streamlining the liquidity provider journey. With its unique approach to the process, LPs, earn on two fronts. Since entering the crypto space, ChainTools has incorporated several features and promises to offer more over time. Presently, ChainSwap, ChainForge and ChainLock are its top functionalities, which you can learn more about in this guide. A few other features are on the way, promising token holders interesting functions and benefits.

 

A Bit About Chaintools

Although ChainTools has a whitepaper, it's not sufficiently comprehensive. For starters, it doesn't include the project's creators or its location. As of this writing, the market capitalization for ChainTool is 0, as is its circulating supply. Its total supply stands at 7,950,272.

Due to its no-staking function, ChainTools enables liquidity providers to get their rewards without needing to lock up their tokens. It also saves LPs from taking on the risk of smart contract vulnerabilities. ChainTools' zap function lets you add liquidity in three clicks, thanks to a simplified Uniswap v3 interface. The simplicity of the process encourages asset holders to provide liquidity, increasing the project's popularity.

Revolutionary Uniswap tokenomics and unique DeFi utilitiesCryptoLists.com
 

The project's chief purpose is redefining DeFi, and it achieves that by providing an innovative system. Three main elements of the ChainTools ecosystem provide users with a unique crypto asset. ChainSwap offers an accelerated alternative to buy tokens on Arbitrum. Using the functionality, you can swap coins in about 10 seconds using the Ethereum mainnet. For this reason, users with no funds Arbitrum can purchase coins quickly and without any issues. Additionally, users enjoy reduced gas fees.

ChainForge facilitates the customization and deployment of smart contracts. In a few clicks, you can configure a token contract with robust security and deploy it. The feature seeks to empower users with little or no programming background. ChainTools has a Contract Factory that offers options like burn, Swapback and marketing that you can use for tailor-made contracts. All contracts created on the platform are foolproof.

Another first but ChainTools is ChainLock, a feature that improves security by giving each contract a lock. The project is lauding it as the most user-friendly, secure and cheapest token-locking solution in the sector. ChainLock also provides maximum gas efficiency, cutting costs by more than 7 times. What's different about this locking service? It creates a separate lock for every contract, guaranteeing comprehensive ERC20 compatibility.

 

Utility of Chaintools?

Liquidity providers and regular crypto users will find ChainTools more than suitable for their needs. The project especially encourages LPs by providing a user-friendly experience. It makes it easy to get the most out of Uniswap V3.

Why should liquidity providers consider ChainTools? Apart from unmatched security, the token makes liquid provision uncomplicated.

Another reason is the chance to earn lifetime rewards. ChainTools' referral program lets you collect a 1% reward for a lifetime for every LP transaction executed by a user who utilizes your link.

ChainTools has contests and giveaways to appreciate users. The most active investors will get an opportunity to participate in weekly contests. ChainTools will advertise upcoming competitions on its social media platforms.

Chaintools Price details

ETH Contract address: 0xdbecdd726f6ad8e24afc78fe3cc8eb7b73c2d94d
›› Details & Tokenomics
 

Advantages of Chaintools

+ Provides easy deployment of customized contracts, even for non-experienced users
+ ChainTools' custom relayers reduce the cost of transactions due to lower gas fees
+ The ChainSwap feature allows you to buy any token on the Ethereum network in seconds
+ Top-tier security, thanks to thorough testing and auditing of smart contracts
+ ChainTools has a high price volatility that significantly affects investment
 

Disadvantages

- The token is new, which doesn't provide much background for users to reference
- ChainTools doesn't have a market cap or circulating supply chain
- No clear information about the project's creators
- Lack of details about the token's fees
 

Costs

▪ Rated at 9/10

Unfortunately, ChainTools hasn't been on the market long enough to build a reputation. In fact, only the most serious crypto enthusiasts and investors know about the token. However, the project is looking to change that by marketing itself aggressively. According to its whitepaper, ChainTools is currently working on social media and advertising campaigns to raise more awareness for the coin. It plans on targeting users in social networks and forums such as 4chan.

Another way the project is hoping to build a name is through influencer partnerships. It aims to reach a broader audience by generating buzz through curated YouTubers and Twitter influencers. So far, the project has enlisted the expertise of opinion leaders to give the token traction. ChainTools pops up on a few popular cryptocurrency sites, but it's yet to get on any forums.


 

Reputation and Buzz

▪ Reputation rated at 8.5/10
▪ Buzz rated at 7/10

Unfortunately, ChainTools hasn't been on the market long enough to build a reputation. In fact, only the most serious crypto enthusiasts and investors know about the token. However, the project is looking to change that by marketing itself aggressively. According to its whitepaper, ChainTools is currently working on social media and advertising campaigns to raise more awareness for the coin. It plans on targeting users in social networks and forums such as 4chan.

Another way the project is hoping to build a name is through influencer partnerships. It aims to reach a broader audience by generating buzz through curated YouTubers and Twitter influencers. So far, the project has enlisted the expertise of opinion leaders to give the token traction. ChainTools pops up on a few popular cryptocurrency sites, but it's yet to get on any forums.

 

FAQ

Can I check the progress of my ChainTools withdrawal?

Yes. Using a blockchain explorer and your transaction ID, you can find out the status of your withdrawal. Check the transaction history on an exchange or your wallet for the option.

Where can I buy ChainTools CTLS?

Several decentralized exchanges offer CTLS for purchase. Ensure you only buy the token from a registered and reputable provider. Remember to compare prices and fees from different exchanges.

Will I pay fees for using a ChainTools wallet?

Yes. Wallets have varying costs that you should consider before picking a service. For example, you have to pay to transfer ChainTools to another exchange or wallet. Some platforms also charge you for certain features.

Can my ChainTools wallet work with other cryptocurrencies?

Compatibility varies across wallets. Yes, you can find storage that holds your CTLS and other altcoins. If you don't wish to use separate wallets for your coins, then choose multi-currency storage.

 

History of Chaintools

July 2023 - ChainTools launches and releases the platform to the public. A white paper that outlines the project's technology, goals and offerings follows soon after.

August 2023 - The project embarks on strategic onboarding of Key Opinion Leaders on the crypto scene to raise awareness and build a following for the project.

›› Trade Chaintools here

Screenshots from Chaintools

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Chaintools details and tokenomics

Chaintools Ticker: CTLS
ETH Contract address: 0xdbecdd726f6ad8e24afc78fe3cc8eb7b73c2d94d
Type of crypto: ethereum-token
Circulating supply: 11,000,000
Resources & Social media
đź”—Blockchain URL: https://etherscan.io
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