Delphia rewards user data with native token, Phi. Data used for stock picking
“Integrating the Ecosystem into the Delphia asset management platform will enable us to further incentivize people to share their data and increase the overall value of the data for those investing with Delphia.”
Delphia has launched a digital asset ecosystem that brings new features to its proprietary investment platform by offering users rewards for contributing to the community, which will play an instrumental role in the development of various investment strategies.
The investment platform is intended to bridge the worlds of traditional and decentralized finance by allowing users to harness the economic value of data.
The Ecosystem will launch with a utility token, Phi ($PHI), to provide participants with a reward for being active members of the community and future contributors to the Company’s data set. In order to earn PHI, members will participate in various signal-generating games that improve the Company’s data set, which is used to attract and identify new investment opportunities.
Answer a series of questions on consumer trends and earn rewards
Delphia’s initial data game, Consensus, will have participants answer a series of questions on various consumer trends. The number of tokens earned will correlate to the skill of those who engage.
In the near future, PHI held by members of the Ecosystem will give investors access to a broad spectrum of exclusive features, such as early access to trading strategies and overall enhancements to the in-app experience. Additional avenues for earning tokens, as well as new rewards, will be announced in the coming months.
Delphia’s proprietary algorithm will use the data being invested by its members to make stock selections across thousands of publicly traded companies up to seven financial quarters in the future.
In addition to its retail investment strategies, Delphia runs a hedge fund for accredited investors, which in its first year was the fifth highest-performing equity long-short fund, by single-year performance, in hedge fund history, according to HFR, Inc.
Andrew Peek, CEO and Co-Founder of Delphia, commented on the news, “At Delphia, we’re on a mission to increase investor access to the economic value that gets created by our data, thereby increasing access to financial prosperity. Integrating the Ecosystem into the Delphia asset management platform will enable us to further incentivize people to share their data and increase the overall value of the data for those investing with Delphia. The Ecosystem, as well as PHI, provide our investors with what we think is the best way to leverage their proprietary data and increase their returns.
“PHI and the ecosystem it’s built on will allow us to merge the worlds of traditional and decentralized finance in a way not seen before. Delphia is built around collective action — a core belief of the digital asset industry at large — which made launching a token and data-centric ecosystem the next logical step in providing value to our investors. We are excited to work directly with our community to enhance all aspects of the platform and provide investors greater access to the myriad of investment opportunities that can be derived from our collective data.”