Idea Database
Ideas are recorded on a public ledger available for anyone to post to and view. The Analysts own the ideas that are posted to the ledger. The protocol cannot limit an analyst from posting ideas.
Covey uses smart contracts on the ethereum blockchain for the trade ledger.
Ideas are posted to the ledger in a string reflecting the target positions {ticker:percent}
i.e. positionString = {FB:0.05,ETHUSDT:0.1,IBM:-0.01,AAPL:0}
FB:0.05 is a 5% target position in FB, and AAPL:0 is closing your position in AAPL
Here is an example of how to post to the contract from any ethereum address, each network will have a unique contract disclosed in the code below:
Covey offers anyone with a browser based wallet (i.e. MetaMask) to interact with the smart contract to post investment ideas. Covey.io displays information on performance metrics based on the posted idea data. Anyone can interact with the smart contract, we encourage other front-ends to allow users to interact with the createContent() function. Other front-ends could be more technical, quantitative, or fundamental views of Analyst portfolios.
By posting ideas to the Covey smart contracts, Analysts participate in the monthly rewards set by the Alpha Algorithm.
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