180NF

For the 180NF WAGER app we will be creating two smart contract, one consist in rewarding the users for inputting nutritional data into 180NF database and once it is verified the user will receive 0.003NF tokens if the information provided is legit. All the information will be stored in our own private blockchain for future use in the next developments.

The algorithm consist in machine learning to find the similarity between the data provided by the users. A commonly used approach to match similar documents is based on counting the maximum number of common words between the documents. But this approach has an inherent flaw. That is, as the size of the document increases, the number of common words tend to increase even if the documents talk about different topics. The cosine similarity helps overcome this fundamental flaw in the ‘count-the-common-words’ or Euclidean distance approach.

The second smart contract consist in receiving all the wager money into a pool, verifying when an users has failed to meet his goal and dividing the pool money between the users that have accomplish the challenge automatically. The pool money will be divided as following:

•         90% goes to the winners of the challenge
•         10% goes to 180NF for operational fees

For example:

1000 users register for a 6 week challenge and each payed an amount of 40 dollars to participate. At the end of the challenge, 40% of the users didn’t meet the daily goal and were disqualified. The total pool money is 40000 USD, the winners will receive each 64.66 USD which correspond to an increment 61.65% from their initial bet.