Nearly everyone has a passing understanding of cryptocurrency at this point, and that's opened the floodgates for hundreds of weak initial coin offerings, so Coinswipe creates a fun, easy way to crowdsource the work of separating the good crypto from the bad. The app uses a Tinder-style swiping mechanic to let users quickly rate the quality of cryptocurrencies that are currently available for purchase.
Not only does the app create a crowdsourced resource for people considering which ICOs to invest in, but it also incentivizes the process. Users get in-app points for swiping, but if their judgments prove to be accurate after 12 months, they receive payment in actual cryptocurrency from a separate legal entity with no ICO. This increases the likelihood of the app's assessments positively correlating with reality.
Swipe-Based Cryptocurrency Apps
Coinswipe Brands Itself as 'Tinder for Scoring ICOs'
Trend Themes
1. Swipe-based Crowdsourcing - There is an opportunity to develop swipe-based apps to crowdsource opinions on various products, services, and ideas.
2. Incentivized Ratings - There is potential to create more incentivized rating systems for products and services to improve their quality and reliability.
3. Blockchain-based Reward Systems - Creating blockchain-based reward systems can increase user engagement and loyalty in a variety of industries.
Industry Implications
1. Cryptocurrency - There is opportunity to create innovative solutions to improve and regulate cryptocurrency markets.
2. Investment - Innovative investment platforms using crowdsourcing and incentivized ratings could disrupt the traditional investment industry.
3. Marketing Research - Swipe-based survey apps could disrupt traditional marketing research by offering a more engaging and interactive experience for survey participants.