DELPHY
A decentralized, social and mobile prediction market using a light Ethereum Client
Delphy is a decentralized, mobile & social prediction market platform built on Ethereum. The Delphy App is light Ethereum node that runs on mobile devices. Delphy is an open source project with contributions from around the world. Its aim is to use the knowledge, experience and wisdom of the crowd to help people better foresee the future.
In a centralized network, forecasts can be altered and market prices manipulated. Delphy’s decentralized nodes ensures transparency and that the results cannot be corrupted. The platform will give experienced and new users around the world access to prediction markets.
Product Advantages- Delphy can efficiently collect diverse information and dispersed knowledge.
- It provides an effective and transparent incentive mechanism to obtain real and relevant information. Data on the blockchain are replicated across the network, and its tamper-proof features enable prediction platforms to verify transactions.
- It provides a near real-time information update mechanism that makes manipulation of the results extremely difficult.
- Delphy is a light Ethereum client seamlessly running on mobile devices. Its social aspect and native mobile design will greatly enhance the user experience.
Practical ApplicationDelphy is a mobile platform for prediction markets and a larger ecosystem of PaaS (Prediction as a service). Users can participate in transactions in any prediction market – anytime and anywhere. Users will also be able to utilize the Delphy API & SDK to customize prediction markets based on different parameters in vertical fields.
In Greek mythology, Delphy is the ancient sanctuary where Apollo, the God of Light, consulted with his preferred oracle. Delphy prediction markets hope to leverage the wisdom of crowds to forecast future events and even create the future.
Financial ForecastNew financial instruments, more refined than existing derivatives, will provide asset managers with more accurate tools to hedge risks. Prediction markets can bring more nuanced and detailed representations of economic events to better represent value (and risk) at the macro and micro levels of the economy and financial markets.
Insurance ProductsThe Delphy prediction market could be used to predict the probability of an event to help price risk. These could include events not covered by traditional insurance products, such as extreme natural disasters, earthquakes, and hurricanes. Participation in the forecast market can effectively hedge possible loss of people and property.
Sports BettingPrediction markets have huge potential to build sports betting markets. Will Los Angeles win their bid to host the 2028 Olympic Games? Will Messi repeat as the Golden Ball winner at the 2018 World Cup? Decentralized sports prediction markets lower the threshold for participation, ensure the platform’s transparency and prevent fraud or a central entity’s collapse. Delphy’s intuitive UX allows fans to launch their own game predictions with friends, family or for the market at large.
News and EntertainmentForecasting the news and entertainment industry has a wide range of applications, such as reality TV show competitions (The Bachelor/Bachelorette winner, etc.), program ratings forecast, movie box office forecast or international current affairs forecast. Much of the value of companies in Hollywood is already based on the movie box office expectations.
Internal ForecastsEnterprises, governments, schools and other institutions can use internal prediction markets to more accurately time product launches or better understand company sentiment for a company’s expected sales or a new shares issuance. Google, Microsoft, HP, Intel, Motorola, Siemens have already used internal prediction markets to their advantage. The US military has also set a "policy analysis market" to predict future global events.
GamesWhile there are many legitimate real-life uses for prediction markets, Delphy can also be used as embedded game play with friends and family. Delphy’s API can be used to provide prediction market game playing methods and mechanisms to players instead of relying on game developers themselves.
ICO DetailsDelphy will issue a token DPY based on the ERC20 standard with a total of 100 million. The allocation is as follows:
The ICO will release 26%(26 million DPY tokens).During the ICO, 18 million DPY tokens(18%) will be released in the seed round, and 8 million DPY tokens(8%)will be released in the second round.
Team holding 10%:10 million DPY tokens(10%) will be assigned to the founders and development team (tokens will be locked in 1 year, cannot be circulated, and then linearly released within two years after the end of the lock).
Pre-ICO 5%:5 million DPY tokens(5%) will be distributed to early investors(locked for 6 months).
Decision-making & Scientific research 9%:5 million DPY tokens (5%) will be used by the decision-making committee to encourage ecological construction; 4 million DPY tokens (4%) will be used for scientific research and legal compliance.
The remaining 50 million DPY tokens(50%) will be released to all DPY holders including team members, free of charge, at the rate of 1:1 in a linear manner on monthly basis since Oct 1st , 2017( each month distribution would be based on the snapshot of DPY holding at a certain point of time in each month).
ICO Schedule(Begins July 31, 2017)
Seed round (18 million DPY, 18%)
- July 31 - August 2, 19:59, 1 ETH can redeem 500 DPY tokens
- August 2, 20:00 - August 6, 19:59, 1 ETH can redeem 470 DPY tokens
- August 6, 20:00 to August 13, 19:59, 1 ETH can redeem 430 DPY tokens
August 13, 20:00 - August 31, 19:59, Delphy App will release a beta version and initiate its trial run. It will begin cooperation with Gnosis and other vertical applications in the industry. By then, Delphy will open a series of forecasting markets to predict whether these partnerships and cooperation are successful.
The second round (8 million DPY, 8%)
August 31, 20:00 - September 5, 19:59, each ETH can exchange 250 DPY tokens.
During the ICO, 18 million DPY (18%) will be released in the seed round and 8 million (8%) DPY will be released in the second round. The system will additionally release, free of charge, another 50 million DPY (50%) to DPY holders at the rate of 1:1 in a linear manger on a monthly basis over the following 2 years (each monthly distribution would be based on the snapshot of DPY holding at certain point of time in each month).
ICO Starts July 31! Follow along for updates on Twitter and Slack
