Peerguess is a free app which can be used to track cryptocurrencies across exchanges and as for the basis to choose which cryptocurrencies to invest in. Peerguess uses the principles of gamefication in order to encourage users of the app to predict what will be the value of a particular cryptoccurency in the next 24 hours. Based on the “bets” made by users on the future direction of a cryptocurrency, evaluations can be made about the likely direction of a cryptocurrency.
How Users Will Play Using Peerguess
The peerguess prediction game is designed to be simple. Users will be able to select a cryptocurrency on which they want to make a prediction about. The current price of that cryptocurrency will be shown. The user then selects how many gems that that they want to use as part of their guess. They then click on either a “up” or “down” arrow depending on whether they think that this cryptocurrency will be either higher or lower than the current price in the next twenty four hours. If an accurate prediction has been made then at the end of twenty four hours the number of gems in the account will double. If an incorrect prediction is made then the number of gems will be lost.
Keeping Players Involved In the Game
Gems will have an actual monetary value once exchanged for GUESS tokens. This will provide a compelling reason for user to keep playing the game and trying to win GEMS. Of course as players lose GEMS they will not be able to play any longer. Peerguess has addressed this issue by giving any player whose balance reaches zero an additional 10 gems as a gift. Users will also be able to use an in-app purchase in order to buy more GEMS. Keeping users involved in the game is important because the data based on these guesses forms the analytics tool which gives peerguess it’s utility for traders.
How Peerguess Overcame The Problem Of Tokens In The AppStore
One of the challenges that apps like peerguess face is the it is not possible to introduce tokens as a payment method within the App Store. at the same time it is important that Gems used to make predictions have value. To overcome this problem peerguess has added a standard ERC20 token called GUESS which is built on the Ethereuem platform. Gems which are used within the peerguess app can be converted into GUESS tokens. These GUESS tokens will be listed on cryptocurrency exchanges and so will have a monetary value.
Analytics Are Based On Game Data
This simple prediction game will form the basis on which the data is based. The peerguess platform will analyse the data and then create reports along with identifying opportunities for potential profits. There will be different modules offered by peer guess. The Cumulative Guess ANalystics (CGA) module shows the general opinion of the community. As an example you could see that 60% have “guessed” that LTC / USD will fall in the next twenty four hours. Auto-Trade is a module which will use historical success rates along with other parameters to automatically execute trades on behalf of the user.
Web site: https://peerguess.com/
White paper: https://peerguess.com/files/White%20Paper.pdf
Bitcointalk bounty thread: https://bitcointalk.org/index.php?topic=2184814.0