Topic: [ANN] [SDRN] Senderon - ERC20 Project Funding Token - page 41. (Read 77542 times)

What is CryptoMercado?

CryptoMercado is an Android App store which will allow payments for apps via cryptocurrency.
Initially this will be Bitcoin, Ethereum and Senderon but other options will be considered in the
future. There will be a wide range of applications with an emphasis on promoting cryptocurrency
related apps.

How will it benefit users?

CryptoMercado will allow for users to pay for apps with cryptocurrencys and remove the risk of
adding bank accounts to thier phones and/or app store. Free apps are also avaliable on the store
and we do not store consumer data (aside from email and password) which helps diversify your
digital profile.

Cryptocurrency apps will also be given more visibility on the marketplace and will hopefully bring
more exposure to cryptocurrency as we will be targeting a wider audience outside of the community

Development overview

Web Version 1 - 2-3 weeks

This will be the basic version of the app store and will allow the community to test and use
downloaded applications.

Android App - 3-4 weeks

This will allow easy access via mobile to the app store and mark the official launch of CryptoMercado.

Optimising cryptocurrency apps exposure - 5-6 weeks

We will be analysing and taking feedback on ways to improve the exposure of cryptocurrency
apps on the marketplace and implementing them.

Cryptocurrency Payment gateway enabled - 6-10 weeks

This will allow the purchasing of paid apps with Bitcoin, Ethereum and Senderon. This will work
by purchasing Apps on behalf of the user in return for a payment in the cryptocurrency equivalent.
There will also be a slightly discounted rate for purchasing in Senderon

IOS store - 10-13 weeks

IOS apps will be added to the market, doubling the audience who can use and enjoy CryptoMercado.

Cost of Development

CryptoMercado will cost senderon about $5000 to roll out the initial roadmap. Due to lack of exchanges
and trading activity (when arranging this deal), we were unable to offer SDRN tokens as part of the payment
and all costs will be paid for out of the developers pocket. 250,000 SDRN have been earmarked from
the development fund at a rate of 100 satoshis to be released to the SDRN team after completion of the
roadmap as compensation

Breakdown:
Website: $250
Android App: $750
IOS App: $1000
Graphics: $200
Payment Gateway: $1800
Infrastructure support: $500
Promotional activities: $500

Monetization Opportunies

When an app is purchased, there is a small 1% fee which goes to CryptoMercado. We will also be storing
the cryptocurrency generated in the hope that its value rises. Once the site is functional, it requires very
little maintenance to operate. 50% of any revenue generated will go to the Senderon Development Fund.

Cryptobreakdown Partnership

We are pleased to announce a partnership with cryptobreakdown.com, an Indicator platform
which specialises in Sentiment Analysis. Currently Cryptobreakdown supports 5 major
cryptocurrencies and has a useful twitter bot (@CryptoSentinews)

How is Senderon involved?

Senderon will be providing funding for servers and new tools while providing input and
support on the future endeavors of the project, in return the Senderon project will receive
10% of any future monetisation opportunities in the project.

Current features and the uses of sentiment analysis

1 - Sentiment Analysis Model

Cryptobreakdown sources data from a range of forums and subreddits and use it to
determine the current outlook on each of its supported markets. It’s then used to track
and chart the “Sentiment” by producing a positive or negative number depending on
whether traders view the cryptocurrency in a positive or negative way. The means to do
so is using a proven sentiment analysis model for social networks type of text, which was
enhanced further to deal with the crypto world.

2 - Data production on findings

Cryptobreakdown produces results via the mediums of the twitter bot and data tables
on the website. The tables track the 1hr & 24h price and sentiment value changes to
help give clarity and perspective on the results.

3 - Support for 5 Major cryptocurrencies

Bitcoin, Ethereum, Litecoin, Ripple and Neo are all currently supported by the tool with
more to be added soon.

Roadmap

Developing new features

The goal with Cryptobreakdown is to develop the platform into a suite of indicator and
analysis tools for all major cryptocurrency markets. We will be perfecting our sentiment
analysis tools and branching into other types to compete with other similar projects.
 
These are some of the main tools we will look to build over the next few months:

    I.  daily price & sentiment range
    II. trading volumes
    III. peak sentiment / price per 1h/24h/7d
    IV. macd metrics (and other indicators)
There will also be work on fine tuning the bot messages and relevant trend detection by
adding notifications for significant sentiment changes and the development of parametres
to reduce potential irrelevant tweets and manipulation of the tool.

Develop of API

API development will begin within the next few months to allow the integration of our
Sentiment data into other applications or users setup.

Monetization

Adsense will be added to the website and then once a userbase has been built, premium
features will be enabled. This may include things like the MACD metric and adding more
detailed timeframes such as 30m changes. These will be finalised nearer the time and the
community will be asked for feedback too.

At this point Memberships and accounts will need to be developed to accommodate for new
and premium members.

Adding support for more markets

Meanwhile we will be looking to add new markets to analyse, primarily focusing on major
large cap altcoins. Senderon itself currently isn’t compatible for Sentiment tools, mostly due to
being a new coin and infrequent posts and comments on it but it will be added as soon as its
deemed suitable and will be included in some of the other metrics too.

Developing Sentiment Analysis V2

Once all above tasks have been completed, work will begin on taking our sentiment analysis to
the next level to include things such as news/press releases and to potentially to include opinions
on social networks such as twitter.

Links and contacts

Homepage  with sentiment, price data and charts: www.cryptobreakdown.com
twitter bot with news & automatic trend notifications: https://twitter.com/CryptoSentinews
Contact: via twitter or [email protected]
Senderon development team: [email protected]