Post
Topic
Board Altcoin Discussion
Re: My prediction market project
by
asriloni
on 26/11/2016, 07:22:51 UTC
Hi,

I'm a long time lurker. I have an idea and I would like to let everyone know for discussion.
I plan to create an ERC20 token and distribute it for free.
Then I will create a prediction market using this token.
The prediction market will be using augur's published markets, then we trade shares using the token i created.
The market will also use augur's oracles for resolution.

This way, we can have a prediction market without fees unlike augur's 2% fee each trade.

Let me know your ideas. I'm currently coding the token now. I will get the idea from the crowdsale of golem network.

Basically the ERC20 token that i will create will have a crowdsale but at the end of the crowdsale period the participants will get their tokens and also their eth. So basically, it's free. Just lock up your eth for the duration of the crowdsale.

Even the mighty Ethereum is failing. How will ERC20 be any different?
It will not be any different, The mighty tree was getting broken and what about a little stalk? It will mean nothing.
Is it a big mistake? We will get confirm if we just watch what happen with the mighty tree in the future. ERC20 is a little stalk.