Sharpe’s SHP Token Sale Sold Out!
The Sharpe Capital Token Generation Event concluded on Monday, 28th January after hitting the hard cap. A little over $5.6MM USD was collected in ETH, based on dollar value at the time of contribution — one week before the scheduled end of the sale.
We’ve had an exciting and busy week, with lots of collaborations, partnerships and other announcements lined up. Right now, we just want to briefly take the opportunity to share some data from the SHP token sale and the Sharpe Alpha platform launch, which has now been live on the Ethereum mainnet since December.
We would like to take this opportunity to pass on an enormous thank you to our community of supporters! The response to our product and token launch has been overwhelmingly positive. Platform growth has been explosive, and we are incredibly excited to put you hard work in providing sentiment to good use!
Our product and vision depends on having an engaged, supportive and active community. Since launching on the mainnet (6 weeks from time of writing), we have gained 356 registered users actively engaged with the platform. Together, our users have provided over 100,000 predictions on 500 assets, which along with proof-of-stake and proof-of-reputation metrics, provides an incredibly rich dataset for our analysts to work with.
Tokens Unlocked
SHP tokens are now unlocked and can be freely transferred or exchanged. We have been overwhelmed by the demand for SHP since concluding the sale, and we are working with exchanges to provide a liquidity solution for SHP. Additionally, we will be implementing a Token Relay using the Bancor Protocol, allowing the seamless exchange of SHP and ETH without requiring a counter-party.
Buy SHP Today
While we establish additional liquidity solutions, tokens can be purchased via EtherDelta by clicking here.
Next Steps
Much like before our ICO, our focus now will remain on the product. Many exciting developments are coming to the Sharpe Alpha. Next week will see the introduction of the top 200 blockchain assets (by market cap) to the Alpha, and the implementation of reputation scores to factor in user accuracy in determining service fees.
We have recently made two full-time hires — a full stack software engineer and a machine learning developer. We’ll continue to scale as necessary to meet the demands of our roadmap.
Seeding the Sharpe Fund Post-TGE
On Thursday, February 1st, our assessment of the market indicated a sharp turn towards bearish conditions. Accordingly, we liquidated the majority of our ETH holdings at a value of $1050 USD. We opted to hold the ~$400,000 of exposure shown on our ledger, and will be seeding this fund with more capital once we see favourable market conditions.
We will announce the size of this month’s service fee pool on the 11th February.
Contact Us & Find Out More
You can reach out to the whole team on our Telegram, or email hello@sharpe.capital. Read the Sharpe Capital white paper here.
