Amulet Platform

Amulet Platform uses blockchain technology to help investors find and compare financial experts based on objective metrics. The status quo for how financial market experts achieve compensation is fundamentally structured to produce low-quality, misguided advice. Many experts earn income by posting eye-catching content on websites that pay per impressions, like Seeking Alpha. In this model, entertainment-value outweighs accuracy and actionability of advice. Others receive affiliate compensation for promoting dubious investment opportunities that have no legitimate prospect of generating revenue. Low quality, misleading advice has been proliferated by individuals seeking to capitalize on these incentive models and this has gone unchecked by any significant negative consequences. Furthermore, in the status quo, experts in exclusive possession of a useful insight hoard their insight to avoid diluting their own ability to profit. The net effect, is that valuable advice is extremely scarce and impossible to tell apart from the noise. Amulet solves this problem with the first of its kind Decentralized Reputation Ledger. Amulet incentivizes qualified experts to contribute verifiable predictions to the ledger, so that investors can observe how accurate they are over time. Investors can begin to filter out advice from experts who aren’t right often enough for their liking. The incentive for market experts to participate is a large payout for the expert who correctly predicts an event contrary to the predictions of other experts on the Amulet marketplace. Experts are also able to tout their superior accuracy (verifiable by anyone via the blockchain) as a reason why there advice should command a higher premium from advice-seekers who subscribe to them via the Amulet Marketplace.

Company Overview

Amulet Platform is a very small business founded in 2017, headquartered in San Jose, California. The company operates within the Computer Software industry and specializes in blockchain technology, machine learning, information retrieval, reputation management, Ethereum, and ERC20. With a team size of one, Amulet Platform focuses on creating a decentralized system that enhances reliability and resilience to hacking.

Services Offered

Amulet Platform provides a marketplace where investors can subscribe to financial experts based on their verifiable accuracy, as recorded on the blockchain. The platform utilizes a Decentralized Reputation Ledger to track and verify the accuracy of financial experts' predictions over time. Users can bid on investment insights from experts, and the platform incentivizes financial experts with large payouts for making correct predictions that go against the consensus.

Blockchain Technology Utilization

The platform stores prediction history and accuracy of experts on the Ethereum blockchain, ensuring that predictions are permanently stored and cannot be altered. This feature prevents cheating and enhances the integrity of the data. Amulet Tokens (XAM) are used for transactions on the platform, facilitating a decentralized system with no single point of failure.

User Engagement and Features

Amulet Platform allows users to filter and subscribe to expertise on specific crypto technologies. It offers a testnet for predictions where questions are created by the public, and experts submit their predictions. The platform aims to help investors make intelligent, objective, data-driven decisions using blockchain technology and data science, focusing on providing a functional system rather than just a demo.

Transparency and Accountability

Amulet Platform emphasizes transparency by publicly storing the track record of each expert on the blockchain. This approach allows users to verify the accuracy of predictions and the credibility of financial experts, fostering a trustworthy environment for investment decisions.

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