Happy (Belated) Birthday to NOUS!

It’s been a busy week here at Nous HQ! But we couldn’t let another day go by without mentioning that September 8th is our official birthday and we are one year old now! Here’s a quick update on where we are and where we’re hoping to go.

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The early months

We had a prototype app running in October 2012 but it was quite different to the GAIN you know now. Instead of predicting a price and waiting for the market to hit it, you had to predict what the price would be exactly 1 hour later and then wait to see how close you were.

We've come a long way since then

It’s GAIN, but not as you know it

It was a valuable way to test our theories but there some problems with the gameplay – no easy way to generate financially and intuitively correct scores, plus who wants to wait for exactly one hour every time?

By December 2012, we had designed and built the new rules and scoring system you use today. These rules are easy to understand but importantly, reward you more intuitively and teach you skills more useful in actual trading. Yay!

This is like looking at baby photos, for us

This is like looking at baby photos for us! Aww….

After this we spent several months improving the interface and adding support for more devices. In March 2013 we also renamed the app from simply Nous (our company’s name) to GAIN. We wanted the app to have a name that would be easy for everyone to share and remember.

GAIN leaves Beta

May 2013 saw an important delivery: the first cash rewards. There were not as many users back then so the top rewards were smaller, but people did still start to build very nice incomes.  We released Supporter Bonuses in June, allowing you to make money just for inviting friends and family (or anyone). Then in August we turned on Bitcoin markets, which finally allowed everyone to play on the weekends.  Our first mention in the mainstream media was an article in the Sunday Times (UK) in September. In those same busy few weeks we enabled withdrawals of your earnings via PayPal, and released to the Android store.

Where are we now?

What was your share?

What was your share?

The short answer: we’re doing pretty good!

  • 3,500 people from 147 countries have registered and made 80,000 predictions
  • $3,001.91 has been earned by 112 people in the last 4 months
  • The highest 5 earners have so far received between $168.20 and $252.63 each
  • Some of those high earners are logging in just 3 or 4 times per day for a minute each time – this is not a high-maintenance hobby!

What’s next?

There are so many features we really want to add. But the hardest part of running a company, we’re finding, is focusing on building the right things in the right order. So here are the three main things we’d like to make sure are happening before our second birthday:

  1. Bigger Rewards – Our highest paid players should receive around $800 for the seven months of May to December 2013. That’s pretty good. But our goal for 2014 is to pay the top players $10,000 over the year. That’s multiple people, not just one or two, earning ten thousand dollars with no investment and no risk. (Don’t forget, GAIN is the only service which pays everyone who makes the grade – so there’ll be lots and lots of other people earning thousands of dollars too. Make sure you’re one of them!)
  2. Social features – We’ll be adding lots more features to make it easier to see what friends are up to, arrange private competitions and share your best predictions with the world.
  3. More markets – We want to add stock indices, more currencies, and potentially even some new ways of predicting. When you do well we do well!

Thanks for joining us on the journey!

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Hello, little green robot!

Android users get it first: GAIN is in the Google Play store! Go and install it now!

A match made in heaven

The GAIN native app is easier to install, works on more devices and opens even more quickly than the web version. In the future we’ll be adding features that will only work on this version, so we do recommend switching as soon as you can.

Please let us know if you find any issues we didn’t spot in our testing – otherwise help us out by reviewing the app in the store. If you like what we’re doing give us 5 stars – after all there aren’t many apps that actually pay you!

 

 

QR link to GAIN in the Google Play store:

In The Press: Sunday Times (UK)

http://www.thesundaytimes.co.uk/sto/business/money/investments/article1310208.ece

Now’s your big chance to be a currency trader

Bruce Millar

ARMCHAIR investors can try their luck as currency traders using a new smartphone app – and win cash for correctly forecasting market price movements.

The free app, called Gain, will use players’ predictions to make real bets on the currency markets, and share the profits through a prize fund.

It is the brainchild of Justin Short, a former electronic trading strategist with Merrill Lynch in Tokyo. His company, Nous, aims to use the predictions made by tens of thousands of players to create a market-beating investment fund.

Short predicts prizes totalling $100m (£64m) could be awarded over 10 years. Nearly 3,000 people have so far signed up to the app.

They are earning an average of $5 week, but highly skilled individuals could earn up to $10,000 in 2014 and $100,000 in 2015, Short claimed.

Nous will start trading in the real currency markets “as soon as our trading hypothesis has been confirmed”.

The app is simple to use, with graphs illustrating the live currency markets. “Everybody who plays proficiently will win some money – we don’t give it all to the top 10 players,” Short said.

In the longer term, the game and the investment strategy will embrace financial instruments other than currencies.

One drawback with currencies, said Short, is that the markets close at weekends, which is when most people have time to play.

To get round this he has expanded the app to include bitcoins, the virtual currency. It also covers the US and Australian dollars, the pound, the euro and the yen. Gain is available at nous.net.

(Published September 8th 2013)

PayPal Withdrawals: Available Now

It’s September and as promised, we’ve turned on withdrawals! If you have $30.00 or more in your account then you can simply click one button and withdraw all your earnings to your PayPal account.

This is a real account! Great playing – and the supporter bonuses are helping too.

How it works

Open the app, go to Me → Account and scroll down. At the bottom of your earnings statement is a button. It will be disabled if you don’t have enough to withdraw. Otherwise just click on it, confirm that the email address is correct, and you should receive your money within 24 hours.

We use the same email address as you’ve registered with us. If you want to withdraw to a different account, you’ll need register the different email address before clicking on the button.

We send the full amount but PayPal sometimes applies a “receiver’s fee” which does reduce it. Honestly, we’re not quite sure why, since we’ve already paid quite a lot more than that just to get it into their system, so PayPal already made enough profit.

Priorities

We won’t be adding any more payment providers soon because we’d like to focus on adding other new features to help you trade better and earn more. However if you have a provider – Payza, or Bitcoin for instance – that you’d like to see us add, let us know in the comments below! If we see a lot of support we’ll be more likely to add it earlier.