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PredIQt,an EOS-based project created by the team behind Everipedia, will launch by the end of June, 2019. The team made the announcement in this blog. PredIQt will be operating using the IQ token – same token currently powering its main project – Everipedia.
In their blog post PredIQt provides an in-depth description of the concept of Oracle and various types of Oracle they are reviewing for their prediction market project.
Beta will not be publicly available. It will be tested on a small number of curated predictions markets and few trusted EOS communities will participate in testing. Here are these communities:
PredIQt will come in direct competition with Augur, a decentralized prediction market project operating on the Ethereum blockchain and created by Joey Krug. Augur has several years of headstart to PredIQt. However, despite its innovative idea and triumphant fanfare launch, it has been a victim of the familiar issue impacting a lot of the Ethereum projects: transaction throughput and fees. As a result it has seen very low transaction volumes.
Running on the much faster, cheaper and more user-friendly blockchain – EOS – PredIQt has a much higher potential to succeed in the market.
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