Delphy DPY

$0.0398
Market Cap $ 1.958 MM (#593)
24h Volume $ 162.765 K
Chg. 24h: 9.52%
Algo. score 2.5/5  (#1076)
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Delphy project purpose and description

Delphy clarity of purpose

Delphy purpose and aspects

Delphy offers a prediction market built on blockchain technology which further ensures transperency of the process and that accurate predictions are rewarded.

Delphy categories

Prediction market

Short description

Delphy is a decentralized, mobile & social prediction market platform built on Ethereum. The Delphy App is light Ethereum node that runs on mobile devices. Delphy is an open source project with contributions from around the world. Its aim is to use the knowledge, experience and wisdom of the crowd to help people better foresee the future.

Abstract

Delphy is an open-source, decentralized, mobile prediction market platform built on Ethereum. The Delphy App is a light Ethereum node that runs on mobile devices. Delphy uses incentives to allow participants in a market to communicate, instantly and transparently, their wisdom regarding the outcome of upcoming events, effectively predicting the future. We designed Delphy from the start to be decentralized, which makes it difficult to manipulate prediction results. In Delphy prediction markets, DPY tokens are used (i) by Delphy users to pay for a certain prediction through Delphy and (ii) to incentivize Delphy users (through the payment of a fixed number of DPY tokens) to virtually “buy and sell” “outcome shares” in the Market. Users virtually “buy and sell” such “outcome shares” based on what they see as the probability at any given moment and agree on a virtual “price” that such transactions will occur. As long as a prediction is active, the virtual price continues to fluctuate and indicates the probability of an outcome according to the crowd's wisdom. When a Market matures, meaning the market Event transpires in the real world, Delphy determines the winning outcome based on the Oracle of the Event. There is no payment of any form (whether in Fiat or DPY tokens) between the buyers and sellers with respect to the purchase and sale of the “outcome shares”. There are no “winners” and losers” once the Market matures and there will be no payment of winnings (whether in the form of DPY tokens or otherwise) to “winners” or a deduction of assets (whether in the form of DPY tokens or otherwise) from the “losers”. The Delphy platform implements three of the necessary conditions for crowd wisdom put forth by James Surowiecki; diversity of opinion, independence in making opinions, and decentralization of organization.

Link to Roadmap: n/a
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