How Santiment is Precision Building Your MVP
By: Mitchell Loureiro
Tags: Bitcoin, MVP, Blockchain, Ethereum, Cryptocurrency

Note for Newcomers: If you’re wondering what Santiment is and why you should care, here’s your answer: Santiment is the first crypto-market intelligence platform where you’ll get reliable, data-backed market information for your trading and investing. It’s a data-collection, analysis, and dispersion platform designed to give crypto-traders and investors the edge they need to make more profit.

Santiment is ambitious. We’re aiming to build THE source of credible trading and investing data in the crypto-space. And that doesn’t ‘just happen’. It takes grit, patience, and design expertise. This post is about showing you how we’re tackling these challenges.

Doesn’t this look complicated? Well it’s not, when you get how it works. Just like Santiment! :)

Santiment has a lot of moving parts. There’s tech, design, and most importantly the incentive structure. If participant incentives are properly aligned, then Santiment works perfectly. Token demand — and value — is directly tied to data quality. If the data is representative of the market, then Santiment could ride the wave of blockchain growth to the stratosphere. That means design precision is key, and the whole platform must focus on high quality data.

Building Santiment is a lot like building watches, but better.

That’s why we’re building it piece by piece, in a modular way . We want to release early, release often and get Santiment into your hands as fast as possible. We’re not worried about making mistakes. That’s an unavoidable part of being a creator. We’re concerned about making high quality crypto-market data as fast as we can. And the only way to perfect that is through experimentation.

That’s why we chose the Sentiment Tracker as our Minimum Viable Product (MVP). It’s our first crypto-financial game and the first module in the network. But why start with a sentiment tracker?

We’re starting with the Sentiment Tracker for two reasons:

It gives us a way of collecting pure sentiment data in conditions that maximize truthfulness

It’s a standalone product with it’s own utility

Visualize this scenario: You’re playing the game and have just entered your market sentiment. You can see how you are doing and track your accuracy. But you can also see the Sentiment scores of fellow traders. You’re not making predictions in a vacuum; There’s a whole community able and willing to share opinions and expertise. Who is bullish and who is bearish? The answer will be just a short message away.

Imagine seeing your friends market sentiment in real time. Yes, it would be amazing.

And the Sentiment Tracker is a stand-alone product. It has value separate of the rest of the network in how it delivers information. You can see how the Tracker fits into the network while being antifragile in how it delivers value. And in future releases you’ll earn SNT tokens by producing predictive data, so you’ll have a big incentive to continue.

But that’s the long term vision for the Sentiment Tracker. Much like the network, we’re building the Sentiment Tracker in a modular way. We’re building the MVP around the core value delivered by the app, which is to check your sentiment relative to the market. Further parts will come later. Rest assured, you’ll get a deeper dive into our MVP in a future post.

So that’s how we’re building the Santiment network. We’re putting it together piece by piece, and that all starts with a great MVP. That’s the first step towards crypto’s first credible data network, which Santiment is destined to be.

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