DOGE UP is a crowdsourced cryptocurrency portfolio.
The idea is to take advice from our users on whether to buy or sell a cryptocurrency.
Users who can successfully predict the market are rewarded with Dogecoin for helping us grow the portfolio.
For example, let's say we want to trade BTC/USD. We'll tell you when we plan on opening and closing the trade. Our users then vote on whether we should buy or sell BTC.
We will count up the votes right before we take the trade. We'll either buy, sell, or hold the currency depending on the winning decision. If not enough votes are cast, no trade will be made. If a trade is not opened, users will have their votes refunded.
After closing the trade, it will be either profitable or not. If profitable, the users who voted correctly will receive all their votes back, plus a bonus. They'll also get a small amount of Dogecoin based on how much proceeds were made from the trade.
If the trade was not profitable, users will not get any votes back or receive any Dogecoin.
DOGE UP is an experiment, not a product or service. It will continue as long as the portfolio has enough funds.
To join the closed beta, go to dogeup.com and enter a valid email.