ITF excelled with Crowd Wisdom
The vision of ITF, “Robots give people superpowers”, is translated to the world of cryptocurrencies in means of providing trading insights to their users through signal bots. The goal is to empower traders with information that is relevant and unbiased and helps to make sense of the chaotic cryptocurrency market. The ITF joined Crowdholding in December 2017 and is utilising the crowd ever since.
The immediate support of the Crowdholding platform has allowed ITF to:
Test for bugs
Map the competition
Receive real-time feedback
Now the company has successfully raised funding via an ICO and their trading bots are already empowering the users. ITF continue with cooperation as the progress through their roadmap.
The team is working hard on development, for the year 2018 there are two more trading bot plans to be released with additional features. This is where the feedback from the crowd is extremely useful. After the launch of the Free and Starter trading bot plans, Crowdholders joined to provide a suggestions of features they would like to see in the new plans.
“By asking for the opinion of the crowd, we involve potential consumers into the design and development while giving them a real and vested interest in the final product” said Thomas Counsell, head of engineering and development at ITF.
ITF rewarded Crowdholders with one thousand tokens for their feedback on task asking what should be added to the new plans and what signals are interesting for the traders. In a response to this and other tasks ITF has received over 300 innovative ideas and comments from the crowd. There have been 8 tasks launched on Crowdholding so far and the community is fostering the developing process with feedback and co-creation content tasks.
CrowdholdingCrowdholding connects the crowd with entrepreneurs, allowing you to give feedback and ideas for a future share.
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Reward Distribution Rules.
Please read below how the rewarding structure works.
Voters get 35% of the reward
Commenters still receive the majority of 65% of the reward weight, while voters 35%.
You receive only 7 upvotes and must vote what you think are the best answers
You now have a limited amount of upvotes. You won’t see the other user votes until the task expires. If you vote the top half comments you will receive a portion of the 35%.
Top 50% upvoted comments get bigger share
Our algorithm gives top 50% upvoted comments more rewards than the bottom 50% comments.
Give me an example with numbers
Upvoters get 35 % of the reward.
65 % goes to the commentors.
Half of the reward is gained from bottom 1/2.
Upvoters get nothing
1/2 of the reward pool for this segmentis distributed among top 1/2
There is a task with 1000 Reward.
Let’s assume Top 1/2 recevies 70% of all upvotes.
Bottom gets 30 %. But because half of the reward goes to Top 1/2 that makes the final numbers more like Top 1/2 gets 85% (55.25% for commentors, 29,75% for upvoters) and bottom gets 15 % of the final reward.
If there’s 100 upvotes:
1 upvote that upvotes a comment in Top is worth around 12 Yups (circa 8 goes to commentor, 4 goes to upvoter)
1 upvote that upvotes a comment in Bottom is worth 5 (All goes to commentor).
Reminder about our Moderation
If you upvote a comment that’s reported as Spam or comment that should not be rewarded (eg. “Good job” comments) you will lose your right to be rewarded for this task.
We hope you like this new system and it brings you lots of fruitful discussions and reward you fairly.
Do you still have questions? Read more detailed explanation at our helpdesk
All the best,
Your Crowdholding Team