Introducing Zeitgeist - An evolving blockchain for prediction markets and futarchy

Have you heard about the prediction market on Polkadot / Kusama Network ?

Are you familiar with KusamaDerby or the AMM model Rikiddo?

Introducing Zeitgeist - An evolving blockchain for prediction markets and futarchy

What is Zeitgeist?

Zeitgeist is an evolving blockchain for prediction markets and futarchy. Zeitgeist is building an ecosystem for prediction markets. Participants in the Zeitgeist ecosystem will be able to access a plethora of prediction markets in an unstoppable, robust, and secure manner.

Technologies of Zeitgeist

  • Built on Substrate
  • Permissionless and Unstoppable
  • Powered by $ZTG (native token of Zeitgeist)
  • Scalable and Affordable

Zeigeist Highlights

  1. Zeitgeist will be deployed as a Kusama parachain, allowing it to interact with all parachains and apps in the Kusama and Polkadot ecosystems.
  2. Zeitgeist will be community-owned by the platform's token holders, with the fundamental protocol evolving over time in response to fresh user input or new research that is uncovered.
  3. Zeitgeist will employ futarchy as one of the key governance mechanisms in its base layer chain, and will be one of the first examples of using this experimental governance system in a real economic context.
  4. Zeitgeist will employ an on-chain treasury to incentivise teams to improve the protocol and develop prediction market verticals that will benefit the network.
  5. An open SDK will be created to allow engineers and entrepreneurs to build their own prediction market-based apps on Zeitgeist.

Prospects markets that Zeitgeist aiming to

  • Sports and eSports
  • Politics
  • Cryptocurrency
  • Insurance
  • Startups
  • Futarchy

Zeitgeist Token ( $ZTG)

  • Govern the network
  • Staked to join the Zeitgeist court system in conflict resolution
  • As bonds for market formation, oracle selection, making treasury suggestions, establishing on-chain identities, voting, forming DAOs, and other
  • Transaction fees

Team

The Core Team has vast expertise in the blockchain & prediction markets sectors. 2 members of the team have unique knowledge of Polkadot, having spent two years at W3F during the launch of both Kusama & Polkadot. The 3rd one has been involved in prediction markets for >15 yrs

TheKusamaDerby

On May 2021, Zeitgeist introduced TheKusamaDerby - the 1st testnet campaign of Zeitgeist. It is a specially designed Prediction Market & interface to facilitate the trading of ‘outcome tokens’ representing each of the top teams vying for a parachain slot https://twitter.com/ZeitgeistPM/status/1392859023960051714?s=20

Rikiddo

On June 2021, they introduced AMM model "Rikiddo" - the “Liquidity Sensitive Dynamic LMSR" https://twitter.com/PolkaWarriors_/status/1408673802679062531?s=20

For updating their latest information:

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PolkaWarriors - A non-profit & unofficial worldwide community of $DOT hodlers., we aims to promote and educating the community with our knowledge and skills

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PolkaWarriors - A non-profit & unofficial worldwide community of $DOT hodlers., we aims to promote and educating the... Show More