What Is The Difference Between Idea Scoring vs. Idea Trust Rank?

What is the primary difference between Idea Score and Idea Trust Rank?

Answer: While the Idea Score evaluates the historical accuracy of a specific prediction, the Idea Trust Rank is forward-looking, capturing the community's collective outlook on the potential success of a prediction.

How is the Idea Score calculated?

Answer: The Idea Score is determined by how the current or exit price of an asset relates to the proposed target price. The closer the asset's price to the target, the higher the score. This scoring isn't linear; it rewards larger moves towards the target more significantly than smaller ones.

Can my Idea Score improve if the asset outperforms its target?

Answer: Yes, if the asset outperforms its target, the score continues to climb, benefiting the idea proposer.

What does Idea Trust Rank represent?

Answer: Idea Trust Rank signifies the community's collective confidence in an idea's future outcome, giving a predictive gauge of what the community anticipates the outcome will be.

How is the Idea Trust Rank calculated?

Answer: The Idea Trust Rank takes into account the trust rank of all individuals proposing and expressing a rating (agree or disagree) on the idea. This trust rank for the idea is weighted based on the track record of the voters concerning the specific asset and its asset class.

Does the Idea Score influence the Idea Trust Rank?

Answer: Indirectly, yes. While the two are distinct metrics, managing ideas well (which influences the Idea Score) can positively impact a user's overall Trust Rank, which then plays a role in the Idea Trust Rank.

How can I improve my Idea's Trust Rank?

Answer: Engage with the community, ensure your idea is well-researched and articulated, and gain endorsements from users with a high trust rank, especially those with expertise in the relevant asset or asset class.

Why is the Trust Rank "forward-looking"?

Answer: Because it captures the community's collective outlook on the potential success of a prediction, providing insights into what members anticipate the outcome will be based on their expertise and past performance.

Can the Idea Trust Rank change over time?

Answer: Yes, as more users interact with the idea and express their opinions (agree or disagree), the Idea Trust Rank can fluctuate based on the trust rank of those users and their historical track record.

How can I use both the Idea Score and Idea Trust Rank effectively?

Answer: Utilize the Idea Score to understand the historical accuracy of predictions on the platform and the Idea Trust Rank to gauge the community's confidence in new ideas. Together, they can guide you in making informed decisions on the platform.