Hello Community, my latest project, Crowdindex, is about creating a user-based price indicator. Here is a project description, I would be very happy about a discussion and feedback from the community.
Link to the project:
https://www.crowdindex.io/How the crowd index worksEvery visitor to the website receives free access to the current evaluation and opinions of other users. However, the prerequisite for access to the platform is the provision of a personal forecast. Through this approach, the platform grows independently by each visitor on.
However, if you think the Crowd Index is a simple poll, it's a mistake. The system works with so-called shadow profiles and analyzes every given forecast for its correctness. The more votes a visitor makes and the better his predictions, the more weight he receives.
Live success rateThe platform publishes a live success rate of its users. Thus the result of the index does not necessarily serve as an indicator in the classical sense, it could also prove to be a contraindication. A more detailed analysis and more statistics are planned for registered users and premium members with the introduction of the beta phase.
Copy SignalsWhat is known as "copy trading" in classic stock exchanges, Provimedia calls the crowd index "Copy Signals". Members of the platforms can send in time signals with the start of the beta phase. Once submitted, these signals are no longer erasable and are subsequently checked for correctness. Users with high success rates are given the opportunity to sell their signals to other users.
Index of the bestThe signals of the 100 best users are combined in addition to a paid index. The income from the subscription of this indicator is then distributed to the signalers. An important aspect here is, of course, only a portion of the remuneration received the signal generator with a correct prognosis.
Binary signals not just for cryptocurrenciesThis kind of signals and forecasts are also conceivable for other markets.