MOIRAI 

Introduction

A prediction market is a form of financial or market information, where the participants trade in contracts. It is based on the efficient market hypothesis. The market price will be the best predictor of the event, in a truly efficient prediction market, and no combination of other information can be used or applied to improve the market-generated forecasts. However, it is unlikely that prediction markets are literally efficient. Essentially, prediction market allows participants to participate in events such as events related to elections, sports, weather, entertainment, etc. The individuals participating in the markets, by buying shares or 'betting on' for a particular a specific outcome,

A prediction market can be defined as:

A place where individuals can wager on the future events' outcomes.

These markets are regarded as an 'exchange' where an organization and individual can tap into the 'wisdom of the crowd' for predicting results or asking any question. The prediction markets, similar to the practice of the financial markets, assign a traded price to a belief about the future. They are considered as disruptive innovation that has yet to penetrate mass investor audience due to the fragility of the existing centralized implementation and excessive regulations. A truly disruptive prediction market platform needs to be universal, decentralized, and permission less.In essence, a prediction market is a vehicle for aggregating information about a future event's expected outcome. Prediction markets frames are about the future, unlike traditional financial markets. For instance, in the context of US elections,

Which party will win the White house in 2020? Here, share is divided between pre-defined options (eg Democratic, Republican and Other) with corresponding share prices equaling € 1. The share price of each option reflects its probability of occurrence. Individuals have an incentive to purchase shares, which reflects their beliefs about the outcome. The shares of the winning option become redeemable for € 1, while other shares become worthless.

The Power and Potential of Prediction Markets

Prediction markets are useful for estimating the expectation of the market regarding certain events. These markets have their limitations; but, for predicting the future, as well as the supplement to other primitive mechanisms such as politics, panel of meetings, and hiring consultants. In the private sector, there is an increasing interest in the prediction markets, growing at a rapid pace.

Figure - 1: How a market predicts3

Types of Prediction Markets

The payoffs, in a prediction market, are tied to future events' outcomes. The design of the link of payoff to the future event can elicit the expectation of the market about the range of different parameters. Prediction markets can be classified with respect to main types of contracts, which include winner-take-all, index and spread.

Table - 1: Contract types4

Table - 2: Contract types' examples

Applications of the Prediction Market

Over the years, there are a growing number of web-based event markets, which are providing a range of gambling and trading services. Some prominent examples include Betfair.com and bet365.com. Prediction markets have been applied in various domains successfully. Mostly, prediction markets were used for the medium-term and short-term forecasts. However, these markets have a huge potential in long-term forecasting and evaluation. Following are some of the fields of application for medium- and short-term forecasts:

Table - 3: Application of Prediction Markets5

Market Size and Projections

Prediction markets have observed a significant surge over the last several decades of their ability to effectively aggregate all available information, which is relevant to the outcome of an event. For a variety of applications, these markets have already implemented with success and have an immense potential. In this field, the companies have thousands of active traders generating millions of dollars of trading volumes, where profits are growing exponentially. However, still, most of the companies are not exploiting the full potential of the prediction markets.

Figure - 2. Global Prediction Market Size (2014-2023)

Token Trading

The financial working structure of Moirai is based on the use of a cryptographic token system which is also named as Moirai Token or the MOI. Likewise other cryptographic currency; MOI is also designed as fractionally divisible, interchangeable, and transferable.

Usability and Objectives of MOI

The inclusion of MOI in the new prediction business of Moirai is purposefully made to perform most of the financial activities within the business. The dependency of Moirai on MOI has enhanced its integrity due to being the driving force of the economic elements of the business. The activities of MOI in the business venture.

• The MOI will be used by the MOI as well as the MOI's MOF as well.
• The MOI will be purchased initially by users while using traditional money transfers with Moirai or through existing cryptographic currencies like Bitcoins, Ethereum and Credit Cards.
• The purchase of MOI by the users will be the only mode of currency through which the market will be able to participate in the prediction business by the creator of the market and the creators of the events.
• MOI will be used between different providers for promotion of their apps within Moirai platform for the purpose of payment of syndication fee.
• Operators and providers will be buying and using the MOI for generating the event as well as participating in the event while spending and earning in MOI.
• It is planned in the business strategy for Moire that the users of MOI in order to respond to any contingencies occurred during the prediction events.

Generalization of Cryptographic Currency for Public

Moirai new business venture is primarily focused to introduce the decentralized prediction market to the public and masses. Generally, the mainstream audiences from the public are unfamiliar with the technicalities involved in cryptographic currency and its usage like the block-chain technology. Apart from focusing on the existing and relevant audiences, the Moirai has included in its business plan to expand the network in a way while encouraging broader audiences to participate in the events through conventional transactional instruments as well. Moirai will be bringing its cryptographic currency MOI to masses while considering the following dimensions at the ends of all parties.

• The generalization of cryptographic currency in masses under the umbrella of prediction market business will require a lot of expertise at both providers and operators' part.
• Moirai will consider the facts and will divert its strategy accordingly to the regulatory obligations and restricted policies.
• The hindrances of regulations and associated factors will be copied in the way that the provision of the Moirai app may not get affected to reach the masses.
• The mode of introducing and acquisition of MOI by the users as the coins used in video games especially in the online version.
• The Moirai app will be addressing and minimizing the complexities which may arise in transactions of currencies through Ethereum and the fees to buy certain service or currency.
• Moirai has been designed and supported by the support of stocks, cryptographic currencies, and options trading activities.
• The Masses will also be brought in the Moirai platform through the promotion and marketing of the services by the providers to their existing and potential customers and users.
• Moirai will be launched in association with some partner having a number of existing users. These users will be offered free opening of MOI wallet and ultimately making MOI popular among the huge chunk of providers and users in the mainstream.
• Moirai will also bring the convention of companies into the mainstream of the financial system of trade and earnings a profit.
• - One of the biggest attractions in Moirai for the mainstream masses, especially the conventional business organization, will be the block-chain structure which is based on the decentralized approach of the prediction business.
• - Moirai will also be focusing on the approach of using social media to promote the usability of MOI in the prediction market business to its providers and users.

Aspects of Liquidity and Instability

The distinct feature of MOI will make it a common currency to be used in both the dimensions of the prediction market. One of these dimensions will be the Moirai network itself in which the MOI will be used for payment of transaction fees, syndicates, oracle etc. while the other dimension will be the result of the prediction event in which the profits will be paid in MOI. There are many other prediction-based markets, in which the adapted cryptographic currencies are not exchange rates and are hence got difficult to acquire or to cash when needed. Unlike these other currencies, MOI will be introduced in Moirai as being flexible to exchange rates. This concept is also illustrated in the following figure.

Figure- 3: Usage of MOI in the Prediction Market Business

Prediction Application

The development and publicity of the client for the sake of emergence at Moirai platform will be made with the help of functionality of Moirai digital applications which will be available both for desktop and mobile users. It will be available for download as an open source application while allowing access over Ethereum to Moirai contracts along with the opportunity to access the listings, content and events oriented data to be acquired from the cloud storage facilities based on decentralization.

Operational Mechanism of Moirai Application

The desktop version of Moirai application will be compatible to run on the following platforms including:

- Windows

- Macintosh

- Linux

Similarly, the Moirai application will also be available for users of mobiles and other gadgets having the following operating systems in their devices:

• iOS
• Android

Figure - 4: Mobile vs Desktop Usage of Application

Timeline for Project Development of Moirai

The new venture of Moirai is aimed at developing the emerging decentralized prediction market to be based on the masses of users and audiences through the execution of flourishing network of users. It focuses on the users who are interested in investing in the event. In this regard, Moirai has developed the open source technology to execute the business platform across the network and it has established an incentive based model, addressing customers and the investors to participate within.

The business strategy of Moirai comprises a platform for trade and investment through the use of digital applications in the prevailing conventional markets. That platform uses a large variety of instruments and tools based on finance including commodities, currencies, shares, and indices etc. The applications of Moirai are designed and designed while online the mechanism for trade through the online management of different portfolios. The digital platform used for running and operating applications is based on the contemporary Android or iOS operating systems.

Timeline: Moirai Project Development

Figure - 5: Basic Features of Marketing Strategy

Figure - 6: Moirai expected use of proceeds

Table - 7: Projected Income Statement

Initial Coin Offering - ICO

The crowdsale of Moirai and the token creation process will be organized around smart contracts running on the Ethereum blockchain. Anyone who wishes to support the development of the Moirai Project, may do so by sending contributions to the designated addresses. The contributions will be accepted in the following currencies: Ether - ETH

Key information

• Accepted contributions in Ether (ETH)

• If the minimum required capital of $ 500,000 USD  is not notified by the end of the crowd sale, all contributions will be returned to the MOI holders by the smart contracts.

• The crowd sale will last for 30 days or until hard cap is reached  

• All tokens unsold through crowd sale will automatically be burned by smart contracts.

lets's join this, you must be succes! ! !

SOURCE

WEBSITE  : https://ico.moirai.io/ WHITEPAPER  : https://ico.moirai.io/wp-content/uploads/sites/2/2017/10/Moirai-White-Paper-3.pdf ANN THREAD  : https://bitcointalk.org/index.php?topic=2290769 
 
 

Writter By: Koteb

https://bitcointalk.org/index.php?action=profile;u=1271411