FUJAN CRYPTO REPORTS
Whitepaper
Introduction
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The desire to predict what happens next has generated conventional prediction markets which are heavily regulated, such as lottery systems and stock markets, as well as illegally operated underground casinos and insider trading
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Conventional prediction markets have been heavily depending on centralized Oracles who set all prediction results and their fairness and charge a large amount of money
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Prediction Markets are platforms that allow individuals or a group of entities to predict the outcomes of future events, and to be incentivized from the results
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The fortune redistribution follows a simple yet powerful rule, that the fortune flows from less skillful and inaccurate participants to more skillful and accurate participants
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Blockchain technology is a perfect candidate to form the building block of prediction market due to its characteristics such as information transparency and data immutability
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Bodhi’s mission is to build a credible, autonomous, and scalable decentralized prediction market that promotes the application of prediction market at a global scale to enhance the effectiveness of decision-making process
Related Work
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Augur
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A user can create a prediction event using ETH smart contract, followed by other users’ predicting and pricing the probability of each outcome through native tokens
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As Augur platform scales, a fully decentralized arbitration mechanism becomes less efficient
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The matchmaking process between an event and event-specific expertise has yet to be improved
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High time-cost and low efficiency associated with REP holders result in a longer cycle to reach a consensus at the end of a prediction event
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Gnosis
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Gnosis leverages a default centralized Oracle for judging prediction results
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Prediction judgment can be performed autonomously and therefore significantly increases the judgment efficiency
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Centralized Oracle solution can cause a single point of failure in the events of server failure, and data being maliciously tampered
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Bodhi
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Bodhi uses third-party Oracle to automatically judge the prediction results to guarantee the efficiency of the decision-making process
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Bodhi enables BOT holders to take over the voting process and make the final decision of a prediction event in the event of Oracle failure
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Bodhi Overview
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Will first be deployed on the Qtum
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Mobile computing will be increasingly important to prediction markets
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Qtum combines the advantages of BTC and ETH to provide a better user experience on mobile devices
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Qtum will ensure that stability of the block time by introducing PoS at the beginning its release
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We do not eliminate the possibility to roll out Bodhi onto other public blockchains
Bodhi Token
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Will be issued during the contract deployment phase with a total of 100 million units
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Bodhi platform will only support BOT and QTUM
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Bodhi prediction market is intended to be flexible enough to allow the use of any cryptocurrency
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Two main interests
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Arbitration and Compensation
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Vote and Incentive
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BOT is a utility token
Applications of Bodhi Prediction Market
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Financial Tool
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What is the opening price for Apple stock on January 1st, 2018?
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Information Management
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Predict the identity of the next elected US president
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Insurance
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Predict and price the probability of a flight delay before boarding
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Sports lottery
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Conventional Prediction Markets
Roadmap
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Team
Xiahong Lin – Lead & Founder
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Android Lead, Senior Software Engineer for Edmodo – 3 years 11 months
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Mobile Engineer for Twitter – 1 year 4 months
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Associate Researcher for Tencent – 11 months
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Research Intern for Microsoft – 7 months
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Engineering Intern IBM – 4 months
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Masters in Statistical Machine Learning from Purdue University
Deric Walintukan – Smart Contract Developer
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Android Engineer 2 for Edmodo – 2 years 4 months
Alex Cory – Software Engineer
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Ambassador for Google – 3 years
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Co-Founder and Director of HackingEDU – 1 year 6 months
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Software Engineer Intern at Citrix – 5 months
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Community Lead for Evernote – 1 year 2 months
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TEDx Organizer for TED Conferences – 10 months
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Certificate from Purdue University
Samuel Suh – Consultant
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Financial Services Professional for NYLIFE Securities LLC – 1 years
Patrick Dai – Advisor
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Founder of QTUM
Chandler Guo – Advisor
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Advisor to Mobius
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Biggest Bitcoin miner in China
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Connected to over 40 exchanges
Partners & Backers
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DHVC
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FBG Capital
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SWFTCOIN
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dCamp
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Ethos
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HYSTA
Articles
https://cryptostec.com/what-is-bodhi/
https://bithub.pl/english/sundayinterview-betting-on-prediction-markets/
http://posts.careerengine.us/p/5a517d85a9e8512598350bc2
http://chainb.com/?P=Cont&id=5315
https://coincentral.com/bodhi/
https://www.tokendaily.co/p/deep-dive-with-xiahong-lin-founder-of-bodhi-prediction-market
http://vkool.com/bodhi-review/
https://www.chainnews.com/articles/920298896814.htm
Videos
https://www.youtube.com/watch?v=M26QIeJtHLM
https://www.youtube.com/watch?v=24ZIdQDeZ00
CoinCheckUp
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Conclusion
I would give Bodhi a B+ rating. Bodhi is a project working on prediction markets. They claim that lots of people are willing and wanting to participate in it and a lot are doing it illegally. A prediction market is basically like gambling but betting on virtually any future outcome such as movie sales, future stock prices, and sports. Bodhi claims to have to competitors and that they use the good aspects from both as well as fix the bad aspects to make their project more successful. They are building off of QTUM to be able to make a mobile platform that will appeal to a wider audience. There CEO has a lot of great experience and their advisors are highly connected throughout the crypto space. I think this project has the ability to at least 100x and be widely used as a means of entertainment. Because we don’t know how big prediction markets can be and no significant partners I rate this at a B+ until we are able to learn quite a bit more about this project.
