SINGAPORE CITY, SINGAPORE, Aug. 05, 2022 (GLOBE NEWSWIRE) —
When ROLA started developing their Web3 project, the first thing the team wanted to tackle was to create a platform that was not only community-driven, but also “community-centric”. The result of their efforts will soon be live as the app ROLA.ai, the first community of crypto enthusiasts to earn rewards for making market predictions.
Rosalind Lee, Chief Product Officer of ROLA, says, “ROLA is about building a nurturing community that is truly ‘WAGMI’. We’re in this together and we’re all in this together.
Rosalind Lee, Product Manager of ROLA
ROLA – which stands for Reiterative Open Learning Algorithm – is built around an amazing AI designed to update users, absorb their signals and reward them in return. It is also the first AI-powered crypto community platform that aims to create a strong social ecosystem including all parts of the Metaverse, such as Game-Fi and NFT, which will connect and empower the community. The app thus goes beyond the usual self-limiting measures of profit and instead tries to connect socially – here crypto traders, investors and fans can come together and create channels to discuss, share and learn .
ROLA includes many different features under the hood. Its main draw is the Predict2Earn algo that distributes native $ROLA tokens to users who make accurate predictions for Bitcoin and Ethereum, and NFT rewards for predictions made for in other tokens. Once earned, $ROLA tokens can be used to purchase NFTs and participate in the staking game that will begin soon this year.
Technically, there are two layers in the Meta AI engine – the first, the base layer, is constantly updating and improving to make better predictions, and the second layer is the one that listens to the generated user signals and predictions and interpret them to. information for the base layer. In this feedback loop, the AI algorithm continues to improve and gain strength, providing better insights to the community.
How does the Predict2Earn feature actually work? The ROLA app sends AI-powered signals to up to 120 crypto trading pairs (more pairs will be added in the future). The real-time feed of crypto pairs keeps the ROLA community up to date. The market is divided into 8-hour sessions, and users vote whether the session ends with a green or red candle! Rewards are calculated based on participation metrics and number of users. All users will receive additional Rolagram NFTs.
“Using reiterative learning algorithms and Web 3.0, our AI evolves with the collective wisdom of the ‘Rolarian’ community,” said Rosalind.
ROLA community members are more than just profit and can enjoy and challenge other “Rolarians”, the whole ROLA family, in meme wars and other games. Are you having fun? There is more to it. The social media-fi app allows users to browse popular crypto trends. ROLA will introduce a subscription-based service where community members can also get deep insights from expert cryptocurrency analysts and traders. Users can also create public discussion forums. For example, when there is a big market increase or decrease in BTC or Ether, specific channels can be created to share views and ideas with other users.
ROLA recently announced its first NFT collection titled ROLAGRAM. Each asset in this collection can be accessed by users on a monthly basis. Each new item will be based on the user’s previous activity in the previous month, such as their comments and voting history. This means that each NFT will be as unique as the user who received it.
Another exciting part of the community is ROLAVERSE. It is a social ecosystem that has all the features of the Metaverse (Game-Fi, NFT), and is not limited to income and profit. This is a real, decentralized experience missing elsewhere, where users log in and play, and put $ROLA tokens into the special ROLA-Coaster game and even create their own custom which is NFT.
Rosalind Lee recently talked about how unique ROLA is in its focus 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’s a combination of WAGMI and AI. We admire anime, where the protagonists work together as a “we” and achieve their goals against in difficulties. Also in the crypto community, the values of cooperation and unity are important. ROLA is our effort to create a platform for the crypto community. ROLA represents the wisdom of many. The crypto community of Twitter has inspired us a lot, and we think that these user inputs can be compiled and translated into something useful. The fruits of such acquisition can be distributed throughout the community.
On where the crypto industry is headed and what it needs, Rosalind says, “Right now there are a lot of assumptions driving the world of Web3.0, De-Fi and crypto in general. I believe that the potential and use of these development technologies does not and should not stop there. We hope that, unlike in the past, when some lucky individuals and groups with privileged access to technology get everything , things will improve. Financial literacy and public education will be essential to make this change happen.
Since its inception, the crypto industry has been driven by the power of its communities and the predictions made by market participants. Thus, it is important that members of this community find each other and learn from each other’s predictions. This is what ROLA strives to achieve.
In conclusion, ROLA is a next-generation social platform that uses AI to provide signals on a wide range of crypto pairs to users, and in turn improves its learning from user feedback and votes received. Apart from that, it offers interesting predictions of future price movements for major cryptocurrencies. By providing both a space for community engagement and tangible rewards for that engagement, it ensures that the crypto community continues to grow with its own dynamic movement.