Rumor.app: Structured Narrative Trading Coming to Crypto Markets
@rumour.app #Traderumour
Created by Altlayer, Rumor.app is a first-of-its-kind platform that officially introduces “rumor trading” to the crypto ecosystem. The platform allows you to trade not on any specific cryptocurrency, but on market narratives and the potential consequences of unverified information as assets.
Rumor.app’s core strategy focuses on the “buy the rumor, sell the news” approach prevalent in the market. Users create a collective intelligence network by voting and submitting rumors. This activity generates a “rumor score,” which is a key indicator that reflects the collective belief in the veracity of a narrative.
This score is a key indicator used by investors to determine their position (long or short) and helps measure the strength of market narratives. While the platform offers a new avenue for narrative-based arbitrage, it carries a significant risk: all transactions are based on unverified information. It is important to remember that false rumors can cause harm. Since this is in its early stages, the platform's collective intelligence should be approached with caution.
$ALT