SINGAPORE CITY, SINGAPORE, Aug. 5, 2022 (GLOBE NEWSWIRE) — 
When ROLA began developing their Web3 project, the first thing the team wanted to do was to create a platform that was not only community-driven, but also “community-centric.” The result of their efforts will soon go live as the ROLA.ai app, the first of its kind community of crypto lovers who can earn rewards for making market predictions.
Says Rosalind Lee, Chief Product Officer of ROLA: “ROLA aims to build a rewarding community that is truly ‘WAGMI’. We’re in it together and we’re all improving together.”
Rosalind Lee, Chief Product Officer at ROLA
ROLA – which stands for Iterative Open Learning Algorithm – is built around an amazing AI designed to update users, absorb their cues and reward them in turn. This is also the first AI-based crypto community platform that aims to build a robust social ecosystem that includes all Metaverse features, such as Game-Fi and NFTs, that will connect and strengthen the community. The app thus transcends the conventional metrics of being limited to profit and strives instead for social connectivity – here crypto traders, investors and fans can come together and form channels to discuss, share and learn.
ROLA has many different functions under the hood. The main attraction 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 other tokens. Once earned, the $ROLA tokens can be used to purchase NFTs and participate in staking games starting soon this year.
On the technical side, there are two layers to the Meta AI engine – the first, the base layer, is constantly updating and improving in making better and better predictions, and the second layer is what listens to user-generated signals and predictions and translates them into insights for the base layer. In this feedback loop, the AI algo continues to evolve and grow in strength, providing better insights to the community.
How does the Predict2Earn feature actually work? The ROLA app sends out AI-based signals for up to 120 crypto trading pairs (more pairs will be added in the future). The real-time feed on crypto pairs keeps the ROLA community updated. The market is divided into 8-hour sessions, and users vote on whether the session should end on a green or red light! Rewards are calculated based on participation metrics and number of users. All users receive Rolagram NFTs in addition.
“Using the iterative learning algorithm and Web 3.0, our AI evolves with the collective wisdom of the Rolarian community,” says Rosalind.
Beyond profit, the ROLA community members can enjoy and challenge other “rolarians,” the entire ROLA family, in meme wars and other games. Does that sound like fun? There is more to it. The social media app allows users to browse popular crypto trends. ROLA will introduce a subscription-based service where community members can also get in-depth information from experienced cryptocurrency analysts and traders. Users can also create public discussion forums. For example, if there is a big market rise or fall in BTC or Ether, specific channels can be created to share views and insights with other users.
Just recently, ROLA has announced its first NFT collection titled ROLAGRAM. Each asset from this collection can be stamped by users every month. Each new asset will be based on users’ previous activities from the past month, such as their comments and voting history. This means that each NFT will be as unique as the user receiving them.
Another exciting community feature is ROLAVERSE. This is a social ecosystem with all Metaverse features (Game-Fi, NFT), and is not limited to income and profit. This is an authentic, decentralized experience missing elsewhere, where users connect and play games, stake $ROLA tokens in the special ROLA-Coaster game and even create their own custom NFTs.
Rosalind Lee recently talked about how ROLA is unique in its emphasis on team and community, and what the Cryptoverse will look like in the near future.
When asked how the idea for ROLA came about, Rosalind said: “It was a combination of WAGMI and AI. We admire anime, where the main characters work together as a ‘we’ and achieve their goals against all odds. Also in the crypto community, the values of teamwork and unity important. ROLA is our effort to create a unique platform for the crypto community. ROLA represents the wisdom of the crowd. The crypto community on Twitter inspired us a lot and we felt that such user input could be collected and translated into something useful. The fruits obtained in this way could then be distributed throughout society.
On where the crypto industry is headed and what is needed, Rosalind says: “Right now there is a lot of speculation driving the world of Web3.0, De-Fi and crypto in general. I believe the potential and use of these revolutionary technologies is not ending and should not end there. We hope that, unlike in the past, when a few lucky individuals and groups with privileged access to technology got everything, things will turn out to be better. Financial literacy and public education will be important for this change to happen. »
Since its inception, the crypto industry has been driven by the power of local communities and the predictions participants make about the markets. As such, it is important that members of this community can find each other and learn from each other’s predictions. This is what ROLA is trying to achieve.
To wrap it up, ROLA is a next-generation social platform that uses AI to deliver signals about a wide range of crypto pairs to users, and in turn improves learning from user feedback and voting. In addition to that, it offers gamified predictions of future price movements for leading cryptocurrencies. By providing both a space for community engagement and tangible rewards for that engagement, it ensures that the crypto community continues to thrive with its own vibrant movement.
