Agnostic Market Prediction
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What is Corethum?Corethum.com is a decentralized prediction market built on the Ethereum protocol. Corethum provides an open platform for anyone to predict the outcome of any event and plans to drastically simplify the creation of customized prediction market applications. We view financial and betting applications as ripe for innovation using our open and decentralized model. Our vision is a future in which prediction markets are used to optimize an incredible range of processes and to provide a platform for information sales.
What is Ethereum?Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk
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Ethereum allows censorship resistant execution of smart contracts, which secures users as well as market makers on our platform and makes our software globally available.
What is a prediction market?A prediction market allows users to buy and trade binary positions on the outcome of any arbitrary event. "According to most experts in economics and finance, speculative markets are exemplary info institutions. That is, active speculative markets do very well at inducing people to acquire info, share it via trades, and collect that info into consensus prices that persuade wider audiences." (
Hanson 2013) As such, prediction markets provide an interesting, and potentially more accurate, oracle for the outcome of future events as well as for the reporting of the outcomes of past events.
What makes Corethum different?The three main differences are:
1. Corethum is a platform for prediction market applications. The goal is to make it as easy as possible for 3rd party developer to build prediction market applications which are all based on the same liquidity pool.
2. The Nucleus platform that feeds on the Corethum tokens, will be agnostic in terms of oracles, will accept both centralized, decentralized and hybrid
3. They will be distributed free to the community, they will not be ICOS or crowfunding. Well, we believe that one is the most fair way to reach more users without risking the capital of others, in case of failures or failure of the project.
Will all markets be priced in Corethum tokens?No - a market creator can choose any token they like - Corethum is currency/token agnostic. Corethum tokens are only relevant for the fees that the Nucleus system will charge. All fees can be paid with the token the market. It will always be possible for an end user to use a Corethum application without caring about Corethum tokens.
Will Corethum be available on other Blockchains other than Ethereum?The Corethum team is deeply involved in the Ethereum community. Nonetheless is our main goal to build a successful prediction market platform. Currently, Ethereum is to us very clearly the best choice to reach this goal. But we can imagine a future in 2-3 years in which a platform like Corethum can become blockchain agnostic and operate across multiple underlying blockchains. It is also possible that this will be realised purely within Ethereum whereby different shards would be equivalent to different blockchains with different trade-offs for different parameters.
How will trading on Corethum work?At its core a prediction market does two things - it allows to create predictive assets (tokens that represent a specific real world even and which will have a guaranteed value of 1 unit if this outcome happens - 0 otherwise) and second the trading of those assets. Since Nucleus it will be a open platform those assets can be traded on any exchange (decentralized exchanges, centralised exchanges or even services like “Shapeshift”). However - predictive assets have some properties which make some market mechanisms more effective - like the use of automated market makers that guarantee to provide liquidity. Those mechanisms will be the focus of the Corethum team but will actively contribute to making predictive assets tradable on many places.
What is the current status of Corethum?Corethum is currently in early stage development.
Where can we meet the team?Starting in 2017 we are based in San Francisco. We regularly attend Ethereum related conferences and meetups all over the world.
When is the token launch and where can I find more details?We hope to be prepared for the token exchange by december 2017.
We will make sure to have all relevant details released to the public with plenty of time for review prior to the start of the token launch.
How will the token launch work?The launch will be carried out equally to all those registered in the airdrop form, each one will receive a portion of the 2,000,000 CRTM that will be distributed to the participants of the community.
What is the token for?The current CRTM tokens will serve to create a strong community committed to the project and vision of CORETHUM. Then they will be exchanged for new tokens that will be the fuel of the Nucleus platform and will be used to pay the fees of this.
What will you do with the Ether collected in the token launch?We are striving to fulfil our mission to
Decentralization without cost. More concretely that means that we will expand the Nucleus platform according to our roadmap. As a practical decision, we intend to hold most funds in Ether. We believe that the success of Corethum at least in the next few years depends on the success of the Ethereum platform. In that sense, Corethum is a bet on Ethereum. If we are taking this bet anyway it makes sense to hold Ether.
What will happen with the CRTM tokens that are not distributed in the airdrop?All tokens not distributed in the airdrop will be used for video campaigns, articles and mainly for the signature campaigns that will come out after the airdrop comes to an end. We hope to distribute the tokens to as many users as possible in our community.
How many tokens are there?The total amount of CRTM tokens was fixed at 3 million initially for the distribution. Then in December there will be a change for new chips that will be the fuel of the Nucleus Platform, there will substantially increase the amount of tokens, the exchange will be made based on the amount of token that each user has. For example, 1:10 depending on the total number of new CRTMs.
