Sharpe Capital, a company using neural networks and machine learning modelling algorithms to look for predictive patterns in financial data, has developed a ‘Global Sentiment Index’. By crowdsourcing market sentiment from users with proven a reputation and stake, Sharpe Capital will link automated mathematical analysis and human perceptions of the market to disrupt the capital markets sector, and will be paying certified contributors to its platform for their opinion in Ether.
Following a successful preliminary period with a $8 million whitelist, Sharpe Capital has launched its SHP token sale until the 15th of February 2018, with a hard cap of $20MM USD. Token buyers will get to vote on blockchain assets and fiat stocks and bonds when the crowd sale ends. Depending upon how often they vote, how accurate their predictions are, and what proof-of-stake they demonstrate, SHP token holders get paid monthly for their effort.
Dr. James Andrew Butler, co-founder and Chief Investment Officer of Sharpe Capital, commented: “We are one of the few blockchain-driven organisations backed by a working product that will be available to use even before the crowd sale ends. SHP owners earn monthly ETH payments in exchange for insight on blockchain assets and the stock market,”
Throughout the SHP token sale, SHP token buyers will be able to receive discounts on their purchase of between 10 and 30% as 150 million SHP tokens are distributed. The Sharpe Platform beta will be available for SHP token holders to use from mid-December 2017, with the first ETH payments to users made in January – before the token sale has concluded. In addition, Sharpe Capital is showcasing its prototype mobile application for the Sharpe Platform, which will be launched in early 2018. Payments in ETH will be issued monthly, beginning in January, to test and refine the mechanics.
Sharpe Capital’s partners include TaaS (Token-as-a-Service) – a tokenized closed-end fund dedicated to blockchain assets, and AmaZix – an ICO consultancy service. After extensive user testing and consumer feedback, Sharpe Capital will launch its sentiment platform on the Ethereum main net, issuing Ether payments at the end of Q3. In approximately one year, Sharpe Capital will host a 48 hour Hackathon, where attendees will build, test and deploy investment models and automated trading strategies on the Alpha modelling platform. By 2019, Sharpe Capital plans to issue a derivative token instrument incorporating data from the platform with machine learning driven trading algorithms.