Accurate predicts are of great importance in many areas of modern life. But how accurate can we get predicts today?
We will look back at @Ocean Protocol 's product that will improve the accuracy of forecasts and make them a valuable asset -
Ocean Predictoor
One of the problems that exists is that typical prediction channelare not held accountable for accuracy. If the weather
predictor is wrong, then he will not suffer losses, unlike the farmer who depends on this forecast.
Ocean predictoor will solve this problem!
Imagine a platform where predictors are held accountable for their predictions, imagine tens of thousands of forecast channel with accountable accuracy.
Imagine them distributed all over the world and censorship resistant! predicts accuracy is rising!
Ocean Predictoor is a dapp and a stack for prediction feeds. It has accountability for accuracy, via staking. It’s globally distributed and censorship-resistant, by being on-chain. Accuracy will improve over time, due to its incentive structure.
Let's consider the ocean predictoor model:
Its first use case is DeFi token prediction. Prediction feeds are crowd-sourced. “Predictoor” agents submit individual predictions and stake on them. They make money when they’re correct and lose money when not.
This drives accurate prediction feeds, because only accurate predictoors will be making $ and sticking around. Traders buy predicts and use them in their trading systems.
Predictoor is built on the Ocean Protocol stack, including contracts for tokenized data and middleware to cache metadata. To keep predictions private unless paid for, Predictoor uses Oasis Sapphire privacy-preserving EVM chain.
So who can earn money in Ocean Predictoor?
Predictoors - making accurate predicts, the more of them, the higher your earnings.
Traders - buying these predicts and use it in their trading.