Predictor

About Predictor: Users: Creators: Predictors: Reporters:

Predictor is a decentralized prediction market on Tezos with a trustless oracle for predicting data that are not actively available like climate change, carbon prices, weather and the spread of infectious disease. The main aim of Predictor is to democratize and decentralize the true knowledge for actionable inputs.

Predictor plans to benefit from the wisdom of the crowd. There are three sets of non-mutually exclusive crowds in the Predictor Ecosystem. They are Creators, Predictors and Reporters.

Creators will be whitelisted. Creators will create the prediction contracts by entering the prediction statement, options, start and expiry date, There is also a fee for creating a prediction to avoid unwanted actors and spamming. Creators receive a share of the commission when predictors buy the shares in predictions created by creators.

Predictors are the true clients of this platform. They browse through the predictions and buy the prediction tokens of their desire. As prediction tokens are FA2 compliant, Predictors can trade them in any Tezos DEXes. Once the prediction results are out, they redeem their tokens for the winning amount in Tez.

Reporters mainly deal with the oracle. They are the ones who help in determining the result of the prediction. Whitelisted Reporters stake Tez as collateral and vote for the results for each prediction once the results are out. If the option, they choose, is declared as the final result of the prediction, they get a small reward and they lose 10% of the stake for each wrong reporting. The option that gets a supermajority of 80% of the votes of reporters within 24 hours will be declared as the result of the corresponding prediction.