Peerguess: Cryptocurrency Tracking, Portfolio Management, and Alert Platform
The Peerguess whitepaper was released by the Peerguess project team in 2017, aiming to address the pain points in the cryptocurrency market where existing tracking apps fail to provide effective investment guidance, and users have to spend a lot of time searching for investment clues.
The Peerguess whitepaper mainly explains its role as a cryptocurrency tracking and investment assistant app with a gamified experience. Peerguess’s uniqueness lies in applying gamification principles to observers and portfolio management, gathering community consensus through users’ guesses on future cryptocurrency prices (the “Gems” mechanism), and providing advanced data analysis modules such as Cumulative Guess Analysis (CGA), Recommendation Engine (RE), and Automated Trading (AT). The significance of Peerguess is to offer users more accurate cryptocurrency market trend forecasts and investment references through community wisdom and data analysis, aiming to be a game-changer in the crypto field.
Peerguess’s original intention was to build an open, efficient cryptocurrency investment assistant platform to solve the problem of users obtaining effective investment information in a complex market. The core viewpoint in the Peerguess whitepaper is: by introducing gamification mechanisms to incentivize users to participate in price prediction and aggregating these predictions to form community consensus, it provides individual investors with decentralized, collective intelligence-driven market insights and investment decision support.
Peerguess whitepaper summary
Peerguess Project Introduction
Friends, today let’s talk about a blockchain project called Peerguess (short name GUESS). Imagine, do you usually use some apps to check stock or cryptocurrency prices and manage your investment portfolio? Peerguess, a few years ago—around 2017—wanted to create such a tool, but with a particularly interesting “game” element added.
What is Peerguess?
Simply put, Peerguess was originally conceived as a free cryptocurrency tracking and portfolio management app. It’s like a “crypto butler” on your phone, helping you check real-time prices of various cryptocurrencies, record which coins you’ve bought, and their current value. But it’s not just a simple viewing tool—Peerguess also aimed to introduce a “gamified” mechanism, allowing users to participate in predicting cryptocurrency prices.
So how does this “game” work? Peerguess designed a virtual currency called Gems. Users could use these Gems to predict whether a certain cryptocurrency would rise or fall in the next 24 hours. If your prediction was correct, you’d receive a reward. These Gems could be earned by playing the game, purchased, and exchanged with the project’s native token GUESS. Imagine, it’s like a “guess up or down” mini-game that everyone can join, but based on real cryptocurrency market data.
Project Vision and Core Philosophy
Peerguess’s vision was to use this gamified approach to let users manage their crypto assets while also gaining market insights from the collective wisdom of the community. It wasn’t just about providing data; it hoped to analyze large numbers of user predictions to form a “community consensus,” offering deeper market analysis and investment references. For example, if most users predicted Bitcoin would rise, that could become an interesting reference point.
Tokenomics (GUESS Token)
The native token of the Peerguess project is called GUESS, an ERC20 token based on the Ethereum blockchain (ERC20 token: a technical standard for issuing digital assets on Ethereum; many cryptocurrencies use this type). According to historical data, the total supply of GUESS tokens is 200 million. As mentioned earlier, GUESS tokens are linked to the in-app “Gems”—users can exchange Gems for GUESS tokens and vice versa. Early investors who participated in the project’s ICO (Initial Coin Offering) could also get lifetime free access to some advanced features.
Common Risk Reminders and Project Status
Friends, when learning about any blockchain project, we must remain objective and cautious. Peerguess held a token sale in 2017 and released an Android app in 2018. However, according to currently available public information, such as data on CoinMarketCap, Peerguess’s market activity is now very low. CoinMarketCap even notes that the project’s circulating supply is unverified, with a self-reported circulating supply of 0 and a market cap of $0. This usually means the project may have become inactive, or its development and community support have ceased.
Therefore, if you come across this project now, pay special attention to the following risks:
- Project Activity Risk: The project may have stopped development and maintenance, meaning its features may no longer be updated or even usable.
- Liquidity Risk: If the project is inactive, its token may have very low trading volume in the market, making it hard to buy or sell, or causing huge price fluctuations.
- Information Transparency Risk: Because the project is old and possibly inactive, it’s very difficult to obtain the latest, accurate official information (such as whitepaper, team details, roadmap, etc.).
Project Summary
Peerguess was an early crypto market project that tried to combine crypto asset tracking with gamified prediction. Its core philosophy was to provide market insights through the collective wisdom of the community. However, based on currently available information, the project appears to be inactive. For any blockchain project, especially those with a long history and questionable activity, be sure to conduct thorough personal research (DYOR - Do Your Own Research) and fully understand the significant risks involved. Remember, the above information is for educational purposes only and does not constitute investment advice.