Santiment is a cryptocurrency data feed for investors with the aim of becoming the Bloomberg of the crypto market.
The Santiment app wants to give users access objective, reliable info, also thanks to regular content similar to a newsletter.
Cryptonomist had the chance to interview Maksim Balashevich, founder of Santiment to talk about the development of the ICO that on July 2017 raised 45,000 ETH.
The Santiment project is undoubtedly ambitious: becoming the equivalent of the Bloomberg platform, but on the cryptocurrencies market. At what point are you?
A lot has happened in the past year.
We already have a working (free) platform – SANbase (app.santiment.net), which provides a slew of unique metrics and historical data for crypto projects, such as Daily Active Addresses, Dev Activity, amount of ETH spent and more. New projects are constantly being added to our database.
Additionally, we’re continuing to build upon our advanced metrics and data feeds (on-chain data, sentiment analysis and experimental social metrics). They can currently be accessed in our BETA or via API by staking 1000 SAN tokens.
What are the steps to be taken to transform that of cryptocurrencies into a transparent and accessible market? What is your wish?
Above all, more time is needed. We’re seeing great strides being made in market accessibility, and more projects joining the efforts to make the industry more transparent for all (Santiment of course being one of them). In the end, greed will inevitably be punished, and bad apples forced out of crypto.
We recently interviewed top 10 ERC20 projects by dev activity for the month of September. They’re all still deeply committed to their projects, and don’t care in the slightest if it’s the bear or bull market. When the dust settles, it’s those types of projects that will remain.
To whom is Santiment addressed and what are the primary services it offers?
Since we’re building a “decentralized marketplace for the market intelligence” we serve two distinct audiences:
1. Those willing to pay for access to market intelligence
2. Those willing to ‘tokenize’ their market expertise and knowledge
The first group consists of advanced newcomers to the field (such as capital funds and other institutional players), and entrenched crypto traders that appreciate quality over quantity.
The second group consists of researchers, data scientists, data miners and really anyone with unique insights into the inner workings of crypto. For them, we’re currently building a reward network where they’ll be able to sell (tokenize) their expertise to those interested in using it in their speculative efforts.
In July 2017, the Santiment team launched an ICO. Today, 10 months later, what would you say to those who signed or bought SAN tokens?
It’s been a bit more than 10 months now. We are in constant communication with our token holders across many channels, including Discord, Telegram etc.
On the other hand, for those that haven’t yet connected with us, the next 6 months will be very exciting! We’ve made a lot of groundwork, and much is being rolled out to the public step by step.
What is the next news coming? What are you working on for the future?
Quite a lot of on-chain metrics (some of them entirely unique) will be published soon.
Also, the social (crowd) components of the platform are being released right now. For example, just the other day we launched Social Trends – a new tool that lets you search for any term or phrase and trace its mentions over time on crypto-specific social media, with results plotted against the price of BTC or ETH.
A lot more is on the horizon in the upcoming months. Again, we’re aiming to build a working token economy, where those that can contribute and create value to crypto market participants can claim the corresponding rewards, and keep their name attached (if they so choose).