SINGAPORE CITY, SINGAPORE, Aug. 05, 2022 (GLOBE NEWSWIRE) —
When ROLA began developing their Web3 project, the first thing the team wanted to do was create a platform that was not only community-oriented, but also “community-centric”. The result of their efforts will soon go live as the ROLA.ai app, the first-of-its-kind community of crypto enthusiasts who can earn rewards for making market forecasts.
ROLA Chief Product Officer Rosalind Lee said: “ROLA aims to build a rewarding community that is truly WAGMI. We are in this together and we are all improving together.”
Rosalind Lee, ROLA’s Chief Product Officer
ROLA – which stands for Reiterative Open Learning Algorithm – is based on a wonderful AI designed to update users, absorb their signals and in turn reward them. This is also the first AI-based crypto community platform that aims to build a robust social ecosystem that includes all Metaverse features such as Game-Fi and NFTs that will connect and empower the community. The app goes beyond the conventional metrics of being limited to profit and instead strives for social connectivity – where crypto traders, investors and fans can gather and create channels to discuss, share and learn.
There are many different features under the hood of ROLA. Its main attraction is the Predict2Earn algorithm, which distributes native $ROLA tokens to users who make accurate predictions for Bitcoin and Ethereum, and NFT rewards for predictions made for other tokens. Once earned, the $ROLA tokens can be used to buy NFTs and participate in staking games that will begin soon this year.
On the technical side, there are two layers of the Meta AI engine – the first, the base layer, is constantly updating and improving to make better and better predictions, and the second layer is the one that listens to the signals generated by the user and Predict and translate them into insights for the base layer. In this feedback loop, the AI algorithm evolves and gains strength to provide better insights to the community.
How does the Predict2Earn feature actually work? The ROLA app sends AI-based signals for up to 120 crypto trading pairs (more pairs will be added in the future). The real-time feed on crypto pairs keeps the ROLA community informed. The market is divided into 8-hour sessions and users vote on whether the session ends with a green or red candle! Rewards are calculated based on participation metrics and the number of users. All users also receive Rolagram NFTs.
“By using the iterative learning algorithm and Web 3.0, our AI evolves with the collective wisdom of the ‘Rolarian’ community,” says Rosalind.
Beyond winning, ROLA community members can enjoy and challenge other “Rolarians”, the entire ROLA family, in meme wars and other games. Sounds funny? There is more to it than that. The social fi media app allows users to browse popular crypto trends. ROLA will launch a subscription-based service that will also allow community members to receive in-depth information from experienced cryptocurrency analysts and traders. Users can also create public discussion forums. For example, if there is a major market rise or fall in BTC or Ether, specific channels can be created to share views and insights with other users.
Just recently, ROLA announced its first NFT collection entitled ROLAGRAM. Each asset from this collection can be minted by users every month. Each new asset is based on users’ previous activity over the past month, such as: B. their comments and voting history. This means that each NFT is as unique as the user who receives it.
Another exciting community feature is the ROLAVERSE. This is a social ecosystem with all Metaverse features (Game-Fi, NFTs) and is not limited to income and profit. This is an authentic, decentralized experience lacking elsewhere where users connect and play games, wager $ROLA tokens in the special ROLA Coaster game, and even create their own custom NFTs.
Rosalind Lee recently spoke about how unique ROLA is in its emphasis on teams and communities and what the Cryptoverse will look like in the near future.
When asked how the idea for ROLA came about, Rosalind said: “It was a combination of WAGMI and AI. We admire animes in which the protagonists work together as “we” and achieve their goals against all odds. The values of teamwork and cohesion are also important in the crypto community. ROLA is our endeavor to create a unique platform for the crypto community. ROLA represents the wisdom of the crowd. We were very inspired by the crypto community on Twitter, and we felt that such user input could be aggregated and translated into something useful. The fruits obtained in this way could then be distributed in the community.
Where the crypto industry is going and what is needed, Rosalind says: “Right now, a lot of speculation is driving the world of Web3.0, De-Fi and crypto in general. I think the potential and exploitation of these revolutionary technologies doesn’t and shouldn’t end here. We hope things turn out better than in the past, when a few lucky individuals and groups with privileged access to technology got it all. Financial literacy and public literacy will be important for this change to happen.”
Since its inception, the crypto industry has been driven by the power of its communities and the predictions that participants make about the markets. Therefore, it is important that members of this community can find each other and learn from each other’s predictions. This is what ROLA tries to achieve.
In summary, ROLA is a next-gen social platform that uses AI to provide users with signals about a wide range of crypto pairs and in turn improves its learning from the user feedback and voting received. Additionally, it offers playful predictions of future price movements for leading cryptocurrencies. By providing both space for community engagement and tangible rewards for that engagement, it ensures that the crypto community continues to thrive with its own dynamic movement.