IGToke Whitepaper

IGToken- A unprecedented prediction market of based decentralization
network. High centralization hinders social progress. Therefore, we hope to
establish a completely decentralized Consensus Prediction System, and
everyone’s weight is equal.

IGToken is a decentralization prediction platform, hoping to establish a
consensus forecasting system with the same weight as the same, and use
large data intelligent computing and analysis to realize enterprise application
forecast.

IGToken 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 IGToken from the start to
be decentralized, which makes it difficult to manipulate prediction results.

In IGToken prediction markets, IG tokens are used:
(i) by IGToken users to pay for a certain prediction through IGToken and
(ii) to incentivize IGToken users (through the payment of a fixed number of IG
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, IGToken determines the winning outcome based
on the Oracle of the Event. There is no payment of any form (whether in Fiat
or IGT 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 IG tokens or otherwise) to
“winners” or a deduction of assets (whether in the form of IG tokens or
otherwise) from the “losers”. The IGToken platform implements three of the necessary conditions for crowd
wisdom put forth by James; diversity of opinion, independence in making
opinions, and decentralization of organization.

IGToke Website
IGToke Whitepaper

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