Problems
Investor and newcomers both need quality informations in order to make profits on the crypto market.
Entering crypto is difficult
In the current state of things, the crypto market is a jungle for newcomers even though over 40% of global crypto owners in 2021 are newcomers [3]. They are submerged by a tsunami of information which in the best case can confuse them and in the worst cases ends up losing them their hard-earned money. This confusion pushes them most of the time to seek the help of someone who's already trading and/or holding crypto assets.
At Coinwave, we understand that there is a real need for people to find high quality information without wasting hours understanding the markets in all its aspects. Therefore, by selecting the best information, we make highly competitive prediction sharing, rewarding users able to make good calls and hiding bad information that resulted in failed predictions.
For users, our platform will be provided the most useful and trustworthy metrics about the prediction maker that you decide to follow:
• How frequently is he/she right/wrong?
• How close was the prediction to what actually happened?
• How risky was it?
• How many users did the same prediction before him/her?
For prediction makers to keep their legitimacy and avoid faulty or deceitful advice, it will be in their best interest to inform their followers of all the potential evolutions and to give them the full picture with enough details and precision that matches their level of professional analysis. This quality control is assured by our solution by avoiding vague predictions like “Bitcoin is going up or down or staying the same” where no one can be wrong given a large enough time frame. We understand that being wrong can happen, but we aim for transparency. No more wrong prediction hidden or forgotten by everyone.
The philosophy of CoinWave is straight forward. We reward the best and forget the rest. As a prediction maker, if you lose your followers (our users) too much money, you will drop down in the ranking and leave our main page feed, if you are right and accurate on your future predictions, you might come back under the spotlights!
By punishing mistakes and rewarding good calls, we force our users to share only one information, the one everyone wants to know: how much will the price go up, down, or stay the same!
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