[ANN][PEV] Predictev | The Social Prediction Network

THE SOCIAL PREDICTION NETWORK

Predict. Vote. Earn PEV.

We present Predictev, a decentralized media platform for sharing predictions and analysis, with native cryptocurrency rewards for accuracy and crowd approval, but without loss of capital for inaccuracy.

In contrast to traditional prediction markets which require access to capital, Predictev provides all users with unlimited chances to test themselves against real market data, earn PEV tokens, and prove their expertise. By combining powerful components of social networks, prediction markets, and blockchain technology, Predictev incentivizes users to share their predictions and helps identify the smartest experts on the internet.

Users earn PEV tokens for creating predictions and upvoting predictions that prove correct

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In contrast to rewards-based blockchain social media platforms such as Steem and Scorum, Predictev attempts to level the playing field by rewarding objective accuracy in addition to popularity when predicting the future. Furthermore, Predictev rewards individual excellence with the introduction of jackpot rewards for consecutive correct predictions. Lastly, users’ blockchain-backed prediction records provide irrefutable proof of expertise, establishing a reputation layer for who to trust on the internet.

Predictev is built on instantaneous, high-throughput, fee-free blockchain technology in order to support making predictions in real-time during sporting, investing, and political events. A testnet version of the Predictev blockchain protocol is currently operating and supports sports predictions. Support for eSports, stocks, currency trading, and political predictions is planned for the future.

Predictev was developed at Berkeley Skydeck and UCLA’s Anderson Venture Accelerator.

PRODUCT OVERVIEW

On Predictev, users share their insights in the form of a “prediction post,” the foundation of which is a user’s objectively-verifiable prediction, such as “the Patriots will beat the Rams in the Super Bowl.” Users are incentivized, but not required, to include analysis supporting why their prediction will come true. Depending on the front end interface used to interact with the Predictev blockchain, this analysis may take the form of text, video, images, or audio.

A pre-game prediction on the Super Bowl

As in Steem, authors and curators earn rewards based on community support in the form of user upvotes. However, to incentivize accuracy, authors and curators of posts containing correct predictions also earn multiplier rewards, the value of which is calculated based on the expected likelihood of the predicted event occurring. An event's "expected likelihood" can be determined based on data from, for example, a prediction market, sportsbook, or stock options market.

Predictev’s native cryptocurrency is named ‘PEV’. PEV tokens serve as a unit of influence. The more PEV tokens one holds, the greater the influence they have on the network when upvoting posts. This is the primary utility of PEV at launch. PEV may have additional utilities in the future, as detailed in the Predictev whitepaper.

Predictev’s testnet currently supports a fully functioning consumer-grade social network. Users can post predictions on sporting events, upvote their favorite analysis, and win testnet PEV token jackpots when they achieve winning streaks of five in a row.

Predictev originally launched with a focus on in-depth pre-game analysis in a blogging format. Coming soon, users will be able to make live, in-game predictions on our website (https://demo.predictev.com) and via a chatbot on their favorite chat platforms, such as Discord. Upon creating a Predictev account and linking it to their Discord account, users will be able to commit transactions to the Predictev blockchain without leaving the confines of their favored chat platform. Our team is also hard at work creating an exciting new live-streaming platform that enables fan broadcasters to make predictions alongside their audience while watching games.

Sample live-streaming view from upcoming release

By removing the traditional barriers to entry associated with investing and betting, Predictev enables anyone offering potential insight to benefit. And thanks to its gamified reward structure, which incorporates gambling-like elements, Predictev offers a stickier and more compelling experience than traditional sports and investment media.

Start predicting today at https://demo.predictev.com and help us build the smarter internet! We’d love your feedback, so please reach out to us at support@predictev.com if you’d like to chat.

Contact bp@predictev.com if interested in details regarding becoming a block producer.

TIMELINE

PREDICTEV ON TECHCRUNCH

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CO-FOUNDERS

CEO - NATE SHAW

Nate was previously a Senior Associate at Vault's #1 Ranked IP Boutique Law Firm. During that time, he had the privilege of counseling numerous technology companies, including industry leaders in telecommunications and medical technology. Now, having put together the Predictev team, Nate is eager to bring blockchain technology to the masses in a consumer-friendly way.

Nate earned an Electrical Engineering degree from Rice University and a Juris Doctorate from The George Washington University Law School. He is also a Certified Information Privacy Professional / US.

CTO - BRIAN COHEN

Brian studied Computer Science and Market Efficiency Theory at Rice University, and concluded after school that only entrepreneurship, self-learning, and high-stakes competition were worthy of large investments of his time and energy.

In those 10 years, Brian has been part of multiple startups, had multiple 5-digit tournament poker wins, and has been engrossed in blockchain technology since 2011. Predictev embodies his vision for disrupting the predictive information industry.

COO - ANDREW SHARP

Andrew is a life-long technologist, learning to write code and build & network computers at a young age from his two software engineer parents.

Andrew is an Opower & Oracle alum, creating and leading the Opower operations team charged with managing mission-critical 3rd-party services with annual operations of more than $35MM. Andrew managed and recruited through Opower's hyper-growth, Opower's IPO (2014), & Oracle's acquisition (2016) before co-founding Predictev.

Andrew has a Bachelor’s of Science in Chemical Engineering from Tufts University and an MBA from UCLA’s Anderson School of Management, where he graduated as a Harold M. Williams Fellow, the highest academic honor which is awarded to the top 2% of the class.

PARTNERS AND ADVISORS

WHITEPAPER

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