Morning Guys, Here I introduce to you a mobile Prediction CRYPTO based on Blockchain Technology
WHAT IS DELPHY?
From Delphi Markets (@Delphi_Markets) | Twitter says Delphi Markets is the future of prediction markets Powered by Ethereum Built for the people.And fromDelphy Prediction As A Service it is a decentralized open-sourced social mobile prediction market platform built on Ethereum.
WHAT IS A PREDICTION MARKET?
A prediction market allows users to buy and trade positions on the outcome of any arbitrary event. Most economic and financial experts speculative markets constantly report exemplary info institutions. Active speculative markets are very effective at inducing people to acquire info, share it via trades, and collect that info into consensus prices that really persuade wider audiences. Due to this incentive, prediction markets is providing an interesting, and more accurate forecast for the outcome of future events.
Don't confuse delphi.markets vs delphy.org . Delphi (Delphi | Markets), based in the U.S. and Delphy (天算 - 有趣的预测市场平台) based in China.
According to Delphy, "the name “Delphy” is derived from Delphi, the temple of Apollo, where is the place to receive the oracle of Apollo, the god of sun in ancient Greece. But we have changed the suffix “i” into “y” for distinction, with the pronunciation changed accordingly."
Prediction markets like Augur and Gnosis had raised massive amount of money. So far there's no working product.
LET'S SEE MORE ON DELPHY
Delphy uses market incentives to help market participants transparently express their confidence and judgment about the outcome of future events instantaneously such as to effectively predict future.Delphy users can participate in transactions in any prediction market anytime and anywhere.
Delphy's objective is to leverage the wisdom of crowds to forecast future events and even create the future, and simultaneously to provide an excellent user experience.
Delphy uses market incentives to allow participants in a market to communicate, instantly and transparently, their wisdom regarding the outcome of upcoming events, effectively predicting the future. Delphy was design from the start to be decentralized, which makes it difficult to manipulate prediction results.
WHAT ARE DELPHY'S FEATURES?
FIRST, NATURALLY MOBILE
Smartphone is the preferred platform choice for Delphy to develop its application. Delphy iOS and Android mobile app will be launched simultaneously with the Delphy platform, and it will improve user friendliness, maximally meet users’ needs, and boost the popularization of Ethereum and the ecosystems development..
The same Event can be used to create Markets with different
preferences, and each Market may have different loss limit, deposit, market liquidity, delivery date, Oracle and dispute arbitration mechanism. Users with different preferences can choose their own markets for transaction and achieve creation and cooperation of personalized markets.
THIRD, EVENT FILTER
The Event created by users will enter a temporary Event Pool provided in Delphy. The system provides a default Event Filter that is used to filter out illegal or unethical events, such as predictions on the assassination of a country's leader or the overthrow of a government. Delphy also provides Filter APIs for users to create their own Event Filters to comply with the laws, regulations and ecosystem in their countries and jurisdictions.
Delphy mobile app is a social prediction market. Predicting is a social, and Delphy features functions like comments, P2P payments, P2P messaging and OTC to provide users to socialize with one another on one single platform.
ETHEREUM SUBPROTOCOL( LIGHT)
Delphy is a mobile platform running a light Ethereum client based on LES. The Delphy App supports all the functions of an Ethereum full node, except mining, and leverages the P2P protocol to communicate directly with the other nodes in the Ethereum network. This greatly improves efficiency and makes the Delphy App, SDK and API powerful and scalable.
Similar to Status.im's mobile application the light Ethereum client is running geth on Android and IOS.
HOW DOES DELPHY COMPARE WITH OTHER PREDICTION MARKET PLATFORM, LIKE AUGUR AND GNOSIS?
1. Focused initially on mobile prediction markets
2. Entreprenurial team who has commercialized consumer software
3. Laser focused on developing a prediction market experience that is extremely fun and insightful
4. Lastly and most importantly, our roots in China will enable to succeed in the largest market in the world.
HOW DOES DELPHY DETERMINE THE WINNER?
The Oracle is the information release mechanism of the real outcome of the Events in Delphy. The predicted outcome of an Event in Delphy must be determined by Oracle that provides a series of APIs by which Delphy uses to determine the outcome of prediction market and achieve the final settlement.
With Augur's Oracle, their token, REP, holders are obligated to cast a vote every time the network ‘checks in’ with reality (by default, this is every 8 weeks). They report and propose outcome.
With Delphy, Oracle can be centralized (such as RealityKeys and Oraclize), as well as multicentralized. A centralized Oracle will be enough when some predictive applications only need a single data point to verify the results. For a multi-centralized Oracle, we will devise an incentive mechanism and implement the “m out of n” mode and Oracle's dispute resolution solution.
WHO CONTROLS THE ORACLE?
Within Delphy ecosystem, an Oracle is a service provided by an independent third party. It's absolutely out of Delphy's control.
Delphy provides a series of APIs for Oracle provider to connect with Delphy, and the predicted outcome of an Event in Delphy must be determined by Oracle that provides a series of APIs by which Delphy uses to determine the outcome of prediction market and achieve the final settlement.
WHAT'S DELPHY'S LEGAL STRUCTURE?
A non-profit foundation, Delphy Foundation Limited (“Delphy
Foundation”), has been established in Singapore with respect to Delphy, which will act as an independent legal entity to organize a core team to develop such a decentralized prediction market platform and application.
However, the operation and use of Delphy per se will be fully subject to and dependent on the community’s autonomy and the Delphy Foundation will merely be a garden-variety member within the community who may put forward proposals or suggestions on Delphy’s self-governance without supreme or distinguishable power of authority.
Proceeds from the sale of DPY will be used by the Delphy Foundation at its own discretion, mainly including expenses for technical development, marketing, compliance, financial audit, business development, and etc.For detailed information, please refer Delphy whitepaper
WHAT'S DELPHY'S CORE STRENGTH?
Delphy aims to become the first global-wise distributed social mobile prediction market platform. Although Augur and Gnosis have been working hard in the prediction market for quite some time, they haven't issued any products yet, let alone the mobile application with better user experience. Delphy's core strength is Delphy is able to launch the platform faster, with extensive prediction market applications. Delphy prediction market hopes to aggregate information and leverage the wisdom of crowds to forecast future events and even create the future.
WHAT IS THE DPY TOKEN USED FOR?
A Decentralized Mobile Social Platform For Prediction Market
The DPY token is required by users to participated in Delphy prediction markets. The value is stored on the blockchain until the prediction market is over and the funds are released.
HOW CAN DELPHY WORK WITH BIG DATA AND AI?
By creating efficient markets for forcasting, Delphy, the prediction market platform aggregates all information sources and this valuable data feed can be utilized for any third-party application and can power big data and artificial intelligence.
DELPHY SOCIAL SITES