MOIRAI
introduction
The prediction market is a financial or information market, where participants trade in contracts whose results depend on future unknown events1. It is based on an efficient market hypothesis. Market prices will be the best predictors of this event, in a truly efficient prediction market, and there is no other combination of information that can be used or applied to improve market forecasts. However, it is unlikely the prediction market is really efficient. In essence, the prediction market allows participants to bet bets on the possibility of occurrences of events 2, such as events related to elections, sports, weather, entertainment, etc. Individuals who participate in the market, by buying stocks or 'betting' on certain results,
A prediction market can be defined as:
A place where individuals can bet on the results of future events.
This market is considered an 'exchange' in which an organization and an individual can enter the 'wisdom of the crowd' to predict the outcome or ask questions. The prediction market, similar to the practice of financial markets, sets prices that are traded onto a belief about the future. They are perceived as an annoying innovation that has not been able to penetrate mass investors mass because of the fragility of centralized implementation and current regulations. A really disturbing prediction market platform needs to be universal, decentralized, and licensed less. In essence, the prediction market is a vehicle for collecting information about the expected outcomes of a future event. Market predictions framed itself as questions about the future, unlike traditional financial markets. For example, in the context of US elections,
Which party will win the white house in 2020? Here, shares are divided among pre-determined options (eg Democrats, Republicans and Others) with a share price equal to € 1. The share price of each option reflects the probability of occurrence. Individuals have an incentive to buy shares, reflecting their beliefs about the outcome. Shares of winning options become exchangeable at a price of € 1, while other shares become worthless.
Strengths and Potential Market Predictions
Market prediction is very useful to estimate market expectations about a particular event. This market has its limitations; However, to predict the future, it may be useful as a supplement to other primitive mechanisms such as politically-appointed expert panel, survey opinions, committee meetings, and recruitment consultants. In the private sector, there is an increasing interest in the market forecast, growing rapidly.
Figure - 1: How to predict the market3
Type of Market Prediction
The rewards, in predictive markets, are related to the outcome of future events. Designing a reward link to an upcoming event can generate market expectations about different parameters. Market predictions can be classified with respect to the main types of contracts, which include winners-take-all, indexes and spreads.
Table - 1: Contract Type4
Table - 2: Example type of contract
Market Prediction App
Over the years, there have been an increasing number of web-based event markets, often run by companies that provide a variety of gambling and trading services. Some prominent examples include Betfair.com and bet365.com. Market predictions have been applied in various domains successfully. Mostly, the market forecast is used for medium and short-term forecasts. However, this market has great potential in long-term forecasting and evaluation. Here are some of the previous app fields for short and medium forecast:
Table - 3: Application of Markets Prediction5
Market Size and Projection
Market prediction has observed significant spikes over the last few decades because of their superior ability to effectively combine all existing information, relevant to the outcome of an event. For various applications, this market can be implemented successfully and has enormous potential. In this field, the company has thousands of active traders who generate millions of dollars of trading volume, in which profits grow exponentially. Still, the majority of companies do not exploit the full potential of the market forecast.
Figure - 2. Global Market Size Prediction (2014-2023)
Token Trading
Moirai's financial structure is based on the use of a cryptographic token system also called Moirai Token or MOI. Similarly, other cryptographic currencies; MOI is also designed as a fractional that can be shared, exchangeable, and transferable.
Use and Purpose of MOI
The inclusion of MOI into Moirai's new business prediction is deliberately done to do most of the financial activities in this business. Moirai's dependence on MOI has enhanced its integrity as it is the driving force of the business economy. The activities included in the MOI list are listed below which illustrates the function and method of MOI's focus in business.
- MOI will be used by providers and users in the process of predicting the outcome of events as well as, the financial benefits of a successful prediction will be collected by users in MOI as well.
- MOI will be purchased initially by users when using traditional money transfer methods with Moirai or through existing cryptographic currencies such as Bitcoin, Ethereal and Credit Cards.
- The user's MOI purchase will be requested in such a way that the MOI will be the only currency in which users can participate in the prediction business by the market maker and event creator.
- MOI will be used among different providers to promote its application within the Moirai platform for syndicated payment purposes.
- Operators and service providers will purchase and use MOI to generate events and participate in the event while shopping and income in MOI.
- It is planned in the business strategy for Moirai that the users and operators of the event will be requested and it is advisable to keep the Treasury backed up in order to respond to any possibility that occurs during the prediction event.
Generalization of Cryptography for Public Currency
Moirai's new business venture is mainly focused on introducing decentralized prediction markets to the public and the masses. Generally, the mainstream audiences of the community are not familiar with the technicalities involved in cryptographic currencies and their use such as block chain technology. In addition to focusing on existing and relevant audiences, Moirai has incorporated in its business plan to expand the network in a way while encouraging a wider audience to participate in the event through conventional transactional instruments. Moirai will bring his MOI questionnaire currencies to the masses while considering the following dimensions at the end of all parties.
- Generalizing cryptographic currencies under the umbrella of market business predictions will require a lot of expertise both on providers and operators.
- Moirai will consider facts and will shift its strategy according to the obstacles that occur mainly due to restricted rules and policies.
- barriers and related factors will be addressed in a way that Moirai's apps along with their ads may not be affected to reach the masses.
- How to introduce and acquire MOI by users will be made as easy as possible so that users consider it the same as the coins used in video games, especially in the online version.
- The Moirai application will handle and minimize the complexity that may arise in currency transactions through Ethereal and the cost of purchasing certain services or currencies.
- Moirai has been designed and developed while taking over the support of experts who have been involved in stock trading, cryptographic currencies, and option trading activities.
- Masses will also be brought to the Moirai platform through the promotion and marketing of services by providers to their existing and potential customers and users.
- Moirai will be launched in conjunction with multiple partners that have a large number of existing users. This user will be offered the opening of a free MOI purse and eventually make MOI popular among many providers and users in the mainstream.
- Moirai will also take the convention companies to mainstream prediction markets that will previously be involved in traditional trading systems and earn profits.
- One of the biggest attractions in Moirai for mainstream society, especially conventional business organizations, will be a chain-based structure based on a decentralized approach of prediction business.
- Moirai will also focus on the social media use approach to promote MOI's use in predicting market businesses to providers and users.
Aspects of Liquidity and Instability
Different features of MOI will make it a common currency to be used in both predictive market dimensions. One of these dimensions is Moirai's own network where the MOI will be used for payment of transaction fees, syndicates, prophecies etc. while other dimensions will be the result and result of predictions where profits will be paid in MOI. . There are many other prediction-based markets, where the adapted cryptographic currency is not an exchange rate and therefore difficult to obtain or cash when necessary. Unlike other currencies, MOI will be introduced in Moirai as it is flexible to exchange rates. This concept is also illustrated in the following figure.
Figure-3: Use of MOI in Market Business Predictions
Prediction App
The development and publicity of clients for the emergence of the Moirai platform will be accomplished with the help of Moirai's digital application functionality that will be available for both desktop and mobile users. It will be available for download as an open source app that will apply user-related models while allowing access through the Ethereum contract to Moirai together with the opportunity to access list-oriented lists, content, and event data to be obtained from cloud storage. based decentralization facility.
Moirai Application Operational Mechanism
The desktop version of the Moirai application will be compatible to run on the following platforms including:
- Windows
- Macintosh
- Linux
Similarly, the Moirai app will also be available to mobile users and other gadgets that have the following operating systems on their devices:
-iOS
-Android
Figure - 4: Mobile App usage vs. Desktop
Timeline for Moirai Project Development
Moirai's new venture is aimed at developing a decentralized prediction market that will emerge based on the masses of users and audiences through the implementation of a growing user network. It focuses on users who are interested in investing the results of multiple events and interested investors to finance the event for profit through the operation and execution of the event. In this regard, Moirai has developed open source technology to run business platforms across the network and has established an incentive-based model, aimed at customers and investors to participate in it.
Moirai's business strategy consists of a platform for trading and investment through the use of digital applications in the prevailing conventional market. The platform uses a wide range of financial instruments and tools including commodities, currencies, stocks, and indexes, etc. Moirai's app is being planned and designed while it includes an internet-based mechanism for trading through different online portfolio management. The digital platform used to run and operate this app for users is based on the contemporary Android or iOS operating system.
Duration: Moirai Project Development
Figure - 5: Basic Features of Marketing Strategy
Figure - 6: Moirai expects the use of results
Table - 7: Projected Income Statement
Initial Coins Offer - ICO
The Moirai crowd and token-making process will be organized around smart contracts that run on the Ethereal block. Anyone who wants to support the development of the Moirai Project can do so by sending dues to the designated address. Contributions will be received in the following currencies: Ether - ETH
Key information
- Donations received at Ether (ETH)
- If the minimum required capital of $ 500,000 USD is not achieved at the end of the sale of the crowd, all contributions will be automatically returned to the MOI holder with a smart contract.
- The sale of the crowd will last for 30 days or until a hard hat is reached
- All unsold tokens through the sale of the crowd will automatically be burned by a smart contract.
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SOURCE
WEBSITE: https://ico.moirai.io/
WHITEPAPER: https://ico.moirai.io/wp-content/uploads/sites/2/2017/10/Moirai-White-Paper-3.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2290769
MY BITCOIN USERNAME:[nexsto]
MY BITCOIN URL: https://bitcointalk.org/index.php?action=profile;u=943965;sa=forumProfile
ETHERWALLET ADDRESS MY: 0x563F61919c89354a51Fe66A3a98E0539d55d7Cf7