Roadmapping Towards 2018; Santiment’s Game Plan in the Near Future
Santiment aims to be the market data layer for the crypto-markets, but becoming that infrastructure is no small feat. To get there Santiment needs to both create hundreds (and eventually thousands) of datafeeds while claiming market share. That’s why our strategy is to create datafeeds and content streams the market needs most, and to go deep on that to start, before expanding into other areas. In other words, the first thing we need to do is go to market. While this roadmap is a living document, we trust it shows the value of things to come.
We spent Q1 and Q2 building our mobile app alpha with the help of our partners at Brave New Coin. This alpha product includes:
1. Price and history datafeeds, so you can browse the aggregated activity of the market.
2. A trollbox feed from crypto’s veteran exchange, BTC-e, designed to reveal spikes in ticker mentions.
3. A sentiment journaling tool, so you can track your emotional swings alongside price movements.
While all of these are useful in their own right, the long ark of Santiment is towards increasingly sophisticated datafeeds. The first step is to build the base — the foundational infrastructure upon which other feeds are built on. This is what our roadmap is all about. The first step was the mobile alpha itself (and the backend infrastructure for it) and the price history datafeed. The second step is to create the first content stream and the first set of crowd sentiment feeds. These are covered in the ‘ICO Analysis Stream’ and the ‘Slack Activity & Sentiment Datafeeds’. Let’s dive in on each of those.
First, what exactly is an ICO Analysis Stream? Well, it’s a regular newsletter that gives you the most important details on ICOs in a way that’s easy to digest. Santiment ICO analyses are not about the hype; They’re about using a system that clearly shows the hard facts about a project.
- What is the token structure?
- What’s the business model?
- Does the team have experience?
- Who’s onboard?
- How does value flow?
- etc, etc, etc.
Our ICO analyses will give you all this information at a glance, so that you’ll never need to read a whitepaper again unless you actually want to. This analysis stream will be one of our first services available, since there’s such a pressing need for this kind of due diligence service in the current market.
Our second set of 2017 datafeeds will be Slack activity and sentiment datafeeds. Slack serves as the main communication channel for serious crypto-traders to chat and interact with Western crypto-teams. It is where communities gather, and where the most valuable information is revealed first. Finally, Slack engagement is a proxy for the health of the token being monitored. By monitoring Slack groups, we can glean key insights on the crowd sentiment of specific projects, as they happen. And Santiment will be monitoring hundreds of slack rooms, as they take form.
This slack activity feed will form the base of future development and analysis. Once the initial feeds are in, we will be able to build signals on top by tracking key metrics like engagement, concentration of activity, language patterns, and overall sentiment. This data will be available for use and analysis on Santiment. While the early Santiment feeds will be very useful for monitoring project activity, their greatest value will be as a layer on which to build more sophisticated and automated trading strategies.
As we are building our first content stream and datafeeds, we’ll begin preparing blockchain analytics and the Santiment database (SANbase) for 2018. Blockchain analytics are about tracking the precise state of blockchains in real time, in addition to things like wallet watching and address tracking. The Santiment database will come naturally out of the ICO analyses, which will provide the framework for structuring ICO information.
There are a lot more we could add, but the roadmap is a living document and subject to change. Here’s what we have planned so far:
This is what your contributions from the token sale will go towards: Creating useful datafeeds and content streams as fast as humanly possible, while setting the foundation for strong and sustained future growth. Santiment is here for the long haul, and to claim glory in the process. And datafeeds will take us there.
We’re going to transform crypto-markets with hard numbers and objective data, and we invite you to be a part of it. Join our newsletter NOW to get informed, as it happens: http://eepurl.com/cfgl3n
