Sharpe Status Report — 14 Feb 2018
Having just concluded our second month’s service fee payments to sentiment providers, we wanted to take an opportunity to share a status update: what we’ve been doing, where we are now, and where we are heading.
On 13th February we distributed $55,000 USD equivalent (64.7 ETH) to our 280 active sentiment providers. Users collectively staked 6.5MM SHP on the platform, earning a mean service fee of $179.73 USD equivalent. We have collected a staggering 230,000 sentiment-driven predictions on 600 assets.
SHP Liquidity Solutions
We are pleased to announce that SHP now has continuous liquidity thanks to the Bancor Network — the Sharpe Platform Token now has a daily volume exceeding $200,000. To exchange ETH for SHP via Bancor follow this link.
Other places where SHP is now available include: EtherDelta, IDEX, DDEX, and Radar Relay. Discussions with other providers are on going, and we’ll update the community whenever SHP is newly listed on an approved platform.
Sharpe Alpha Product Development
Our development team have been working hard behind-the-scenes, with several great additions to the Alpha. The top 100 crypto assets by market cap are now available to provide sentiment for on the alpha, and users can toggle between equities and cryptocurrency depending on their preference.
Sentiment providers can now see their reputation score update on a daily basis, reflecting the long-term historical accuracy of the sentiment they give. This score starts at 50 for new users, and increases with each correct prediction of price direction based on sentiment. The higher your reputation score compared to the Crowd, the greater the service fee payment that you receive.
What’s Next?
In the next major alpha release, users will be able to access account management features and view reports of all previous predictions, and their accuracy. We are also working on including a forecast of future earnings, with plans to eventually declare the service fee pool ahead of each month.
Expanding the Sharpe Team
Sharpe now has operations in Hong Kong, London, and Valencia — and we’re hiring in all three locations. We are currently a close-knit group of six full time team members and we’re planning to double the size of the team by April 2018.
We are currently hiring three full-stack software developers, a mobile developer, an analyst, and a marketing manager. If you think you have what it takes to join the Sharpe team, please drop us an e-mail.
Product Roadshows and Events
The team have recently attended several events in the FinTech and capital markets spaces. Lewis Barber (CEO) and Israel Colomer (CTO) recently attended the European Hedge Fund Technology Leaders Summit 2018, where Lewis took part in a panel on staying prepared for future technological innovations. Lewis also recently took part in an ‘ICO Panel’ at a conference organised by Warwick Finance Societies, and spoke at a cryptocurrency investment event in Madrid.
One of the key roles and responsibilities of our new marketing manager will be to identify key events through which Sharpe can expand its customer base, develop new relationships and establish new partnerships within the industry. The Sharpe Team may be coming to a city near you in the near future!
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.
