Topic: [ANN] Amulet ⚡ (Read 378 times)

I have just found a really cool feature for this token: https://amuletplatform.com/data/
This is a great crypto search engine. Much better than google when you search for tokens.

Amulet is creating a new open standard for evaluating experts based on accuracy. Today, experts are judged on everything except the most important criteria: how often they're right. Nowadays, experts spend their time on marketing, personal branding, and having a "personality" - not on thoughtful analysis. This doesn't just apply to crypto experts on YouTube, this problem exists with people making predictions about stocks and real estate.

Check out our Medium blog post where we discuss this further: https://medium.com/official-amulet/amulet-the-crypto-expert-litmus-test-6db7c18f8367

Before I read the WP, can I get a TLDR?

There are 2 primary ways that experts get compensated:

Directly by the Smart Contract: If experts make an accurate prediction, they get automatically rewarded with Amulet tokens (XAM). The amount they get rewarded is based on the importance of the prediction which gets determined by investors via an auction. Section 2 in the whitepaper discusses this in greater depth, but I'm happy to expand on this further if you'd like.

Offchain by Investors: The Amulet website (amuletplatform.com) will host a content platform where experts can publish their predictions and analyses. Investors will be able browse experts by their accuracy rank (calculated from the Decentralized Reputation Ledger) and purchase content from them via XAM. However, experts are not limited to use the Amulet website. Third-party website can also integrate with the Decentralized Reputation Ledger (via our open-source SDK) and create marketplaces of their own.

thank you. this makes sense. who compensates experts for their predictions? what do they compensated in?

The track record (or as we call it, the Decentralized Reputation Ledger) will be 100% stored on the Ethereum blockchain. This Reputation Ledger will include what predictions were made, what time they were made, whether those predictions came true, and much more. The same way that Bitcoin or Ethereum stores immutable transactions on the blockchain, we store immutable predictions and their accuracy. We believe this is the perfect use case for blockchain because without blockchain a public Reputation Ledger would be nearly impossible to build (you would need to trust a third party to keep the information safe and not get compromised, and this is practically impossible).

We're releasing an open-source SDK that makes it easy for any website to integrate data from the Reputation Ledger. So any blog, forum (even bitcointalk), 3rd party website, etc. can display an expert's track record and accuracy. Any website will be able to display what predictions the expert got right and which were incorrect and more. This information could be displayed in thousands of different ways. Websites could even create their own ranking algorithms to rank experts. If you're interested, there's a lot more info in Section 4 of the whitepaper.

To start off, the Amulet Team has built a website to make all this functionality (making predictions, verifying predictions, etc) available from a web browser. Users will just need to have a browser extension installed (MetaMask) that lets their browser communicate with the Ethereum blockchain. We're targeting to have a beta release of this functionality on the Ethereum testnet very soon. More details to come shortly.... To get notified, sign up here.

Overall, Amulet is very different from other crypto teams. Our focus isn't on raising money or building hype (we don't even have a bounty program), but building something real. Out of the thousands of ICOs, how many have produced a usable product? Not a lot... We're not going to make empty promises, instead we're going to show you real technology. I think for crypto to succeed in the next few years, this approach will be followed by every single ICO: Product First!

And in what form will be presented the track record of consultants. There should be some board of honor, awards, victories in the best trader's contests, transaction logs, etc. Everything should be reliable.

interesting project!

Mass adoption of Amulet by experts will come from their audience demanding they stand by their advice and cryptographically sign their predictions to the blockchain.

However, in the meantime, there are numerous direct benefits for experts to start using Amulet:

Standing Out: There's a lot of noise in the crypto space with everyone claiming to know what they're talking about. But no one can really prove that their advice is worthwhile. Experts using Amulet will be able to differentiate themselves by having a provable track record that shows how often they've been right. A lot of people are losing faith in crypto, and experts who stand by their words will help restore that faith.

Direct Rewards: Experts will also be compensated directly when they make correct predictions for the users of Amulet.

Earn a Market Rate - Reliably: As an expert becomes more and more accurate they can build a stronger case for why their advice should cost large sums to access.

Everything I've described will be released in the next couple of weeks, so you'll be able to see and use the technology yourself.

very impressive white paper. i struggled with some of the mathematics in the later sections but overall very clever concept 

however, why would experts want to use your platform?  i believe experts (like john mcafee) don't want to be held accountable for the crazy predictions they make. this product would only highlight how many times they are wrong

With Amulet's Platform and Token



Investors can...


...Evaluate cryptocurrency experts by their prediction accuracy.

...Bid on investment insights from experts with measurable reputations using Amulet Tokens.

...Find and subscribe to experts with expertise on specific topics.

...Pool capital to unlock access to the highest quality insights.






Experts can...



...Earn XAM token rewards for being accurate as verified by the execution of a smart contact

...Finally prove they are right more often than others by staking a proof-of-accuracy on the Decentralized Reputation Ledger.

...Earn subscription income from investors at a rate proportional to their accuracy.





Anyone can...


 ...Start using professional-grade data tools to generate their own crypto-market insights and verify insights from experts.

 ...Supplement human analysis with machine-learning generated trading signals to make better investment choices.








Amulet's Power to Disrupt



We believe having a verifiable 'proof of accuracy' on the blockchain will become a basic requirement to offering advice-as-a-service in the same way that having a credit score is a basic requirement for accessing credit.






Read the Amulet White Paper









Crypto's Credibility Problem Must be Solved



The mainstream adoption of blockchain technology is limited by Crypto's credibility problem.

Fraudulent pumping, FUD, and low-quality analysis from thousands of unqualified commentators crowds out genuine expertise. Investors require a way of finding real experts that are worth of their trust.









The Best Experts Deserve Better




Experts will be empowered to publish their proof-of-accuracy within the Amulet ecosystem or anywhere they advertise, via the Amulet Trust Badge. The Trust Badge will be independently verifiable by anyone via the blockchain.


We envision that this Trust Badge will become a ubiquitous marking in the crypto investment market and within the many other industries that can benefit from proof-of-accuracy. If you're the best, Amulet will help you get the secret out.








Blockchain will Revolutionize how we Choose to Trust



If experts' proof-of-accuracy were to be stored by a central trusted party, it would be corruptible by bias and conflict of interest.
 
Before Amulet, this was the model. We find this unacceptable. Amulet uses blockchain technology to decentralize the proof of accuracy experts use to earn their credibility, to make it incorruptible and verifiable by anyone.







Democratizing ML Sourced Trading Intelligence


To build a community of experts, Amulet is releasing a suite of crypto analysis tools. These tools will be released in the next 2 weeks and will be available to any expert who uses the Amulet Platform.

Amulet analyzes textually-mined content from social media and crypto discussion boards with machine learning algorithms to capture actionable trading signals, including:

• Real-time market sentiment    
• Historical sentiment and coin price
• Asset price forecasting





Be the First to Try Amulet's Technology








Amulet Development Timeline



• Initial Conceptualization [January 2017] ✅
|
• Dev Kickoff [May 2017] ✅
|
• Internal Demo of Decentralized Reputation Ledge [November 2017] ✅
|
• Internal Demo of Sentiment Engine [December 2017] ✅
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• White Paper Published [April 2018] ✅
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• Sentiment Engine V1.0 Public Release [April 2018]
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• Reputation Ledger Public Testnet [April 2018]
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• XAM Token Release [May 2018]
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• Reputation Ledger Mainnet [June 2018]




Meet the Team & Advisors