SINGAPORE CITY, SINGAPORE, August 5, 2022 (GLOBE NEWSWIRE) —
When ROLA began growing their Web3 mission, the very first thing the crew needed to sort out was making a platform that was not solely community-driven but in addition “community-focused.” The results of their efforts will quickly go reside because the ROLA.ai app, a first-of-its-kind neighborhood of crypto lovers who can earn rewards for making market predictions.
Says Rosalind Lee, Product Supervisor at ROLA: “ROLA goals to construct a rewarding neighborhood that’s actually “WAGMI”. We’re on this collectively, and all of us get higher collectively.”
Rosalind Lee, Product Supervisor at ROLA
ROLA, which stands for Open Iterative Studying Algorithm, relies on great AI designed to replace customers, soak up their indicators, and reward them in flip. That is additionally the primary AI-based crypto neighborhood platform that goals to construct a robust social ecosystem that features all of the options of the Metaverse, resembling Sport-Fi and NFT, that may join and empower the neighborhood. Thus, the app transcends the standard metrics of limiting itself to earnings and as an alternative strives for social connectivity: right here, cryptocurrency merchants, traders, and followers can come collectively and kind channels to debate, share, and to be taught.
ROLA contains many various options beneath the hood. Its important draw is the Predict2Earn algorithm that distributes native $ROLA tokens to customers who make correct predictions for Bitcoin and Ethereum, and NFT rewards for predictions made for different tokens. As soon as earned, the $ROLA tokens can be utilized to buy NFTs and take part in playing video games beginning quickly this yr.
On the technical aspect, there are two layers to the Meta AI engine: the primary, the bottom layer, is regularly up to date and improved to make higher and higher predictions, and the second layer is the one which listens to user-generated indicators and predictions and interprets them into data for the bottom layer. On this suggestions loop, the AI algorithm continues to evolve and acquire power, providing higher insights to the neighborhood.
How does the Predict2Earn perform truly work? The ROLA app sends AI-based indicators for as much as 120 crypto buying and selling pairs (extra pairs can be added sooner or later). Actual-time streaming of crypto pairs retains the ROLA neighborhood updated. The market is split into 8-hour classes, and customers vote on whether or not the session will finish with a inexperienced or crimson candle. Rewards are calculated primarily based on engagement metrics and the variety of customers. All customers obtain NFT from Rolagram as well as.
“Utilizing the iterative studying algorithm and Net 3.0, our AI evolves with the collective knowledge of the ‘Rolarian’ neighborhood,” says Rosalind.
Members of the ROLA neighborhood transcend revenue, and might get pleasure from and problem different “Rolarians”, the whole ROLA household, in meme wars and different video games. Seems like enjoyable? There’s greater than that. The social media app permits customers to discover widespread crypto traits. ROLA will introduce a subscription-based service via which neighborhood members can even get insights from skilled cryptocurrency analysts and merchants. Customers can even create public dialogue boards. For instance, if there’s a main rise or fall within the BTC or Ether market, particular channels may be created to share insights and insights with different customers.
Lately, ROLA has introduced its first NFT assortment titled ROLAGRAM. Every asset on this assortment may be minted by customers every month. Every new asset can be primarily based on earlier person actions from the final month, resembling their feedback and voting historical past. Which means every NFT can be as distinctive because the person who receives it.
One other thrilling function of the neighborhood is the ROLAVERSE. It is a full-featured social ecosystem of the Metaverse (Sport-Fi, NFT) and isn’t restricted to income and earnings. That is an genuine, decentralized expertise that’s lacking elsewhere, the place customers go browsing and play, wagering $ROLA tokens on the particular ROLA-Coaster recreation and even creating their very own customized NFTs.
Rosalind Lee not too long ago spoke about how ROLA is exclusive in its emphasis on groups and communities, and what the Cryptoverse will appear like within the close to future.
When requested how the concept for ROLA took place, Rosalind mentioned, “It was a mixture of WAGMI and AI. We admire anime, the place the protagonists work collectively as a “we” and obtain their targets towards all odds. Within the crypto neighborhood, the values of teamwork and cohesion are additionally necessary. ROLA is our effort to create a singular platform for the crypto neighborhood. ROLA represents the knowledge of the gang. We had been very impressed by the cryptocurrency neighborhood on Twitter and felt that such person enter may very well be aggregated and translated into one thing helpful. The fruits thus obtained might then be distributed among the many neighborhood.
On the place the cryptocurrency business is headed and what’s wanted, Rosalind says: “Proper now numerous hypothesis is driving the world of Web3.0, De-Fi and crypto basically. I imagine that the potential and use of those revolutionary applied sciences doesn’t and mustn’t finish there. We hope that, in contrast to previously, when a number of fortunate individuals and teams with privileged entry to know-how have all of it, issues will grow to be higher. Monetary literacy and public schooling can be necessary for this variation to happen.”
Since its inception, the cryptocurrency business has been pushed by the ability of its communities and the predictions that individuals make in regards to the markets. As such, it is vital that members of this neighborhood can meet and be taught from one another’s predictions. That is what ROLA is attempting to realize.
To summarize, ROLA is a subsequent technology social platform that makes use of AI to ship indicators on a variety of cryptocurrency pairs to customers and in return improves its studying from the suggestions and votes acquired from customers. On prime of that, it provides gamified predictions on future worth actions for main cryptocurrencies. By offering each an area for neighborhood participation and tangible rewards for this participation, it ensures that the crypto neighborhood continues to thrive with its personal vibrant motion.