Wisdom of the crowd is a valuable asset in today’s society. It plays an essential role in marketing and the financial industry.
Sharpe Capital is a blockchain based fund, developing a platform to crowd-source market sentiment on global equities and blockchain assets, with machine learning algorithms to maximise returns on the global equities market. By paying service fees in Ethereum to users in return for their insights, Sharpe plans on collecting the best asset sentiment in the world.
Sharpe Capital is using Artificial Neural Networks to look for patterns in financial data that are predictive of future asset price, and constantly monitoring market sentiment in real-time using advanced NLP algorithms and analysis of current trends.
The closest competitor of Sharpe Capital is Cindicator, who have been working on the project since November 2014. Sharpe Capital has some advantages in terms of product quality like the inclusion of linguistic analysis, direct sentiment crowdsourcing and community governance.
Cindicator also offer lossless reward for their users, but only focus on model portfolios and give rewards only in CND tokens. While Sharpe Capital reward users in ETH (currently worth more than $600) and The Sharpe approach simply requires users to indicate whether they are bullish or bearish towards an asset In addition, the Sharpe quantitative trading algorithm is automated, with the exception of our Early Warning System.
The beauty of Sharpe Capital platfrom, besides the lossless reward, is the number of SHP tokens we own determines the size of our monthly payment, along with the historical accuracy and how often we use the platform. And this is done by just click “Bearish or Bullish” button on every news that appears on our dashboard.
Sharpe capital will issue the first Ether payments to SHP token holders in January 2018, following the launch of our alpha platform on December 11, 2017.
