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IMOO dramatically diversifies the information available to prediction markets; by crowdsourcing responses with IMOO, prediction markets can accommodate more types of predictions, to allow for more expedient and reliable on-chain convergence.
Enhance the capability of on-chain prediction markets
Faster and more reliable convergence through the collated responses of millions
Accommodate the next wave of DeFi applications
Each response produces an accompanying transaction, and is represented on-chain
An information (or prediction) market allows any individual or organization to trade on the outcome of an event. These markets depend on the availability of robust information. If a market is made to reward those who correctly predict the winner of an election, the platform which runs the market needs all the information available: opinion polls, newspaper headlines, party statements, etc. Otherwise, the market could reward the wrong outcome. This is what IMOO provides: democratically sourced information.
Decentralized, the capabilities of prediction markets expand, and more diverse and numerous input can be included in market settlement.
By bringing global Q&A systems on-chain, IMOO offers a new building block for decentralized prediction markets.