We have just come across a new project that enables you to earn income from your predictions on whether shares and cryptocurrencies will go up or down.
The project is called Sharpe Capital and it is currently undergoing an ICO (Initial Coin Offering) where you can buy some of its tokens – called Sharpe Tokens (SHP).
Once you have purchased some tokens, you simply log onto their platform and are given a series of shares with the latest news stories for them, like the one for the company Harley Davidson pictured here:-
You just predict whether you think that share will go up or down over the next week and it will take you onto the next share.
Then at the end of the month you receive a payout based on a combination of:-
- – How many predictions you made;
- – How accurate your predictions were; and
- – How many Sharpe tokens you hold
You can’t lose anything on the platform and you are not risking any funds on it like on a share dealing account (other than obviously having to buy some Sharpe Tokens at the outset). Even if most of your predictions were wrong, you would still get a payout.
But statistically speaking with just random guessing you could well get around 50% right anyway and if you judge things well then could do quite a bit better than that.
They have already paid out the first month’s rewards and the average payout was an amazing $972 per person, although those figures may have been skewed by some big payouts to a few people.
Perhaps more relevantly the average payout per token held was $0.02, reaching up to $0.12 for people who did the most work.
The tokens are currently priced at 1800 SHP per Ethereum, which equates to about $0.55 per token at the time of writing.
So to get a payout of $0.02 – $0.12 per token each month on a token that costs just $0.55 is a fantastic level of return.
Now obviously the returns can vary based on a number of factors including how many people use the platform, how much work you do and so on.
Sharpe Capital make the payouts from the revenues they generate and at the moment that revenue comes from their own investment funds. They also plan to sell the prediction data to investment houses and hedge funds which could really grow the revenues substantially.
So there is the potential for the payouts to grow quite considerably over time.
And of course if they do, so should the value of the Sharpe Tokens.
We have invested in Sharpe Capital and started making predictions, so are looking forward to next month’s payout already.
Please note the token sale is selling out fast as news of the great payouts spreads, so if you are thinking of participating in the token sale then we advise doing so soon before they sell out.
Disclaimer: we are not financial advisors and the above article should not be taken as financial advice. Please do your own due diligence and research and take professional financial advice before investing. All cryptocurrencies are risky ventures so please only invest money you can afford to lose.