Announcing Sharpe Centuri: The Next Step in the Evolution of the Sharpe Platform
Over the past five months, we have collected more than one million data points measuring real-time market sentiment across equity markets and blockchain assets. We have paid over US$300,000.00 to our community in service fees, and our proprietary investment fund has continued to significantly out-perform the market, with a Q1 alpha of 50%.
Today we would like to make several important announcements regarding the evolution of the Alpha Platform. First and foremost, the sentiment collection platform now has a name — Sharpe Centuri. We plan to roll out a suite of new features to the SHP community over the coming weeks and months.
Secondly, we are making a couple of changes to the way Centuri operates, bringing it in line with the Sharpe white paper. Service fee payments after June will be made quarterly, allowing us to take a longer-term view of the market without monthly disbursements eating into fund growth. In addition, SHP stake averaging will be implemented, such that SHP held is measured per prediction, and not simply through taking a monthly snapshot.
Quarterly and Monthly Service Fee Payments
As we described in our white paper, it was always our intention to issue service fees on a quarterly basis. From January-May, we opted to issue monthly payments in order to increase the pace of our development cycle as we developed and refined the Alpha platform. We are pleased to announce that, in line with our investment thesis and taking a long-term market view, we will be moving to quarterly payments following the June monthly service fee payment. This comes along with another important change: staked SHP averaging.
After the June service fee payment, we will pay our sentiment providers with a monthly fixed pool of $10,000 USD (equivalent), in addition to the larger quarterly service fee payments.
Monthly SHP Prize Draw
In addition to our monthly and quarterly service fee payments, we will continue to reward a prize-draw of 10,000 SHP/month as described here.
How does SHP stake averaging work?
With the current model, we measure each user’s SHP balance at the end of each service fee period, around the 10th of each month. This has the potential to cause price instability, as users can theoretically increase their stake immediately before the ‘snapshot’, and subsequently sell it. The proof-of-stake metric, along with reputation and other collected data, can provide valuable insights into market sentiment. However, it must be less susceptible to manipulation.
With the SHP stake averaging model, each user’s SHP balance is measured every time a prediction is given. An average of this balance is taken over all predictions given at the end of each quarter, meaning that each user is paid a service fee in proportion to the SHP staked at the time of making their predictions. A final snapshot is taken at the end of the quarter — the lower of the snapshot balance and the average balance will be used (to prevent rapidly completed predictions and disposal of SHP). This mechanism serves to enforce price stability by heavily disincentivising short-term speculative trading of SHP.
SHP stake averaging will be effective from 10th June 2018, all predictions made after the June snapshot will also capture SHP balance. Ensure that your tokens are in the registered address whilst using Centuri and remain in your address on the end-of-quarter snapshot date. The first quarterly snapshot will take place on 10th September 2018.
Get Sharpe Centuri
You can use the Centuri alpha at centuri.sharpe.capital. SHP tokens are required to register.
How Can I Buy SHP?
We recommend purchasing SHP using the Bancor Protocol, requiring just 5 clicks! SHP is also available through IDEX and ForkDelta.
Talk to the Team
The best place to reach out to the Sharpe team is through Telegram, at t.me/sharpecapital. Alternatively, please feel free to email us at hello@sharpe.capital.
