IGNITE is airdropping 500 IGT tokens to the community members. Join their Telegram group, follow them on Twitter, retweet the pinned tweet and submit your details to the Telegram bot to receive the tokens. Also get 200 IGT for every referral.
Submit your details to the bot.
You will get 500 IGT tokens.
Also get 200 IGT for every referral.
Total Supply:10,000,000,000Pre-sale: 3,000,000,000(30%)
Team: 2,000,000,000(20%)
Community: 1,000,000,000(10%)
Airdrops: 1,000,000,000(10%)
Foundation: 2,000,000,000(20%)
Others: 1,000,000,000(10%)Send ETH to Smart contract address,token will immediately send to your wallet.
0x6D6A0df44625D70587D971a592d10d9651e0c053
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About IGNITE
IGNITE is a decentralization prediction platform, hoping to establish a consensus forecasting system with the same weight as the same, and use large data intelligent computing and analysis to realize enterprise application forecast.
IGNITE uses incentives to allow participants in a market to communicate, instantly and transparently, their wisdom regarding the outcome of upcoming events, effectively predicting the future. We designed IGNITE from the start to be decentralized, which makes it difficult to manipulate prediction results. In IGNITE prediction markets, IGT tokens are used
(i) by IGNITE users to pay for a certain prediction through IGNITE and
(ii) to incentivize IGNITE users (through the payment of a fixed number of IGT tokens) to virtually “buy and sell” “outcome shares” in the Market. Users virtually “buy and sell” such “outcome shares” based on what they see as the probability at any given moment and agree on a virtual “price” that such transactions will occur. As long as a prediction is active, the virtual price continues to fluctuate and indicates the probability of an outcome according to the crowd's wisdom. When a Market matures, meaning the market Event transpires in the real world, IGNITE determines the winning outcome based on the Oracle of the Event. There is no payment of any form (whether in Fiat or IGT tokens) between the buyers and sellers with respect to the purchase and sale of the “outcome shares”. There are no
“winners” and losers” once the Market matures and there will be no payment of winnings (whether in the form of IGT tokens or otherwise) to “winners” or a deduction of assets (whether in the form of IGT tokens or otherwise) from the “losers”.
The IGNITE platform implements three of the necessary conditions for crowd wisdom put forth by James; diversity of opinion, independence in making opinions, and decentralization of organization.
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Prediction Markets
There are two main methods used in scientific predictions; the first is statistics and mathematical models, and the second is machine learning and data mining. In essence, these two methods use historical data and software systems to generate predictions. In recent years, a third method, "social analysis", is increasing as a trend in the prediction market. The market uses incentives to allow the public, not just identified experts, to contribute their own experience and wisdom, pooling market information together to help make decisions and allowing the group to be more intelligent than a single individual or expert.12345678910111213141516171819202122232425262728293031323334
Theory and Operation
Scientific prediction methods have been around since the start of the Information Age. Theories underlying the prediction markets include the Efficient Capital Markets Hypothesis (ECMH) and the Hayek Hypothesis. These hypotheses help explain how information is aggregated such that market prices provide accurate estimates on the likelihood of future outcomes.
According to ECMH, capital markets are so efficient in reflecting information about individual stocks and the stock market as a whole, that no amount of analysis to forecast future stock prices can beat the market. The Hayek Hypothesis assumes that market prices are the means to aggregate disparate pieces of information. The market works even when people only have a limited knowledge about their surrounding environment and other parties involved.
In essence, the market collects the judgements and confidences of parties involved in the same event, which results in a prediction of the future outcome of the event. Similar to the stock market, which serves to assign a price to the future estimated value of a stock, “prediction markets” assign a value to a belief about the future (a prediction).
Specifically, prediction markets usually predict the outcome of an event by asking questions about possible outcomes. Each possible outcome has its own probability. The sum of the probabilities of all the outcomes is equal to 100%. The probability of an outcome represents the transaction price of the outcome in the market.
James Surowiecki, a well-known journalist in the U.S., put forth three conditions for crowd wisdom: diversity of opinion, independence in making opinions and a decentralized organization. Similarly, prediction markets work best when market participants have different backgrounds, do not base their decisions on the opinions of others, and base their opinions on local knowledge. Prediction markets have three characteristics:
1.Efficient collection of diverse and disparate information.
2.Effective and transparent incentive mechanisms to obtain truthful and relevant information.
3.Near real-time information updates, so that result manipulation becomes quite difficult.
Prediction markets are widely used in many sectors, including but not limited to insurance, national defense, healthcare, public management, sports, entertainment, and even within companies.
For example, in 1996, HP Labs and the California Institute of Technology co-chaired a three-year prediction market experiment. The study conducted 12 different predictions with 20 to 30 employees from different HP Labs departments (business, finance, marketing, etc.) Experiments showed that more than 75% of the predictions were more accurate than HP's official predictions.
In 2003, the U.S. Department of Defense publicized a "Policy Analysis Market" (later dubbed as a "terrorism futures market"), which mainly predicted the political and military turmoil in eight Middle Eastern countries as well as the response from the U.S., aimed at improving America’s intelligence gathering capability around the world. U.S. Senators later rejected and canceled this prediction market.
In 2005, Google announced its use of a prediction market within the company to predict product release dates, new office openings and other strategic events.
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IGNITE: The Decentralized Prediction Market Platform
IGNITE is a decentralized social mobile prediction market platform built on Ethereum. The intrinsic decentralization of Ethereum ensures that predictive results are hard to manipulate which promotes information diversity, independent decision-making and a decentralized organization.
IGNITE is a mobile application platform for the prediction market and an ecosystem for Prediction as a Service (PaaS). Users can participate in prediction market transactions anytime and
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IGT Token
IGNITE will issue its IGT token, which is based on the Ethereum smart contract and complies with ERC20 standards. ERC20 based tokens enable Ethereum wallets, exchanges and other smart contracts to interact with a variety of tokens in a common way. The IGT token, generated by IGNITE smart contracts, will be released during the IGNITE ICO. In IGNITE prediction markets, IGT tokens are used (i) by IGNITE users to pay for a certain prediction through IGNITE and (ii) to incentivize IGNITE users (through the payment of a fixed number of IGT tokens) to virtually buy and sell “outcome shares” (the “shares”) in the Market. Users virtually buy and sell such shares based on what they see as the probability at any given moment and agree on a virtual “price” that such transactions will occur. As long as a prediction is active, the virtual price continues to fluctuate and indicates the probability of an outcome according to the crowd's wisdom. There is no payment of any form (whether in Fiat or IGT tokens) between the buyers and sellers with respect to the purchase and sale of shares.
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IGNITE Architecture
IGNITE is a decentralized social prediction market platform built on Ethereum and the
IGNITE App is a light Ethereum client running on mobile devices.
IGNITE is an open source project with contributions from around the world.
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IGNITE Mobile App
With the ubiquity of smartphones and the success of platforms such as Telegram and Wechat, IGNITE adopts the "born mobile" strategy. IGNITE takes advantage of the LES protocol of Ethereum to provide a decentralized prediction market as a mobile application. It is a light Ethereum client running independently on mobile devices rather than just browser-based or stand-alone desktop applications.
The IGNITE mobile app uses LES to run the Geth and web3.js framework on smartphones, providing powerful and secure functions. Users can easily create Events, create a Market according to the Event they have interest in, set the Event & Market description and metadata, quickly query the Event & Market for virtual share price and movement, buy or sell shares and make payments of IGT tokens in different Markets.
IGNITE uses the ethereum contract to issue IGT Token, to create prediction events
and markets, and to realize real time pricing, trading, matching and check event results.
Using the decentralization module.Data import analysis and prediction.Large data analysis and computing of all reference points.
APP are widely used, it can be used in the trading market, gambling game and Competition guessing.
Everyone's thoughts are presented in the blockchain.Achieve more fairness. Using the incentive mechanism of the market, the public can contribute their own experience and wisdom, gather market information to help people make decisions, and make the participants wiser than any individual individual or expert.
Based on the principle of market buying and selling, we gather the confidence and judgment of the parties in the same transaction on the same event, thus producing a prediction of the future outcome of the event. Presenting the prediction results can make the market conformance,Achieve consensus
