A Pulse on the Pad: Announcing NearPad’s First Launchpad Project

We’ve all had that moment where something simply comes together and it all adds up. Where the outcome of an event is known before its occurrence. Were you know the outcome of the event, but like every other time, nobody listened and you had to settle for an “I told you so” by the time the event finished playing out as expected.

Weak.

How about letting them put their money where their mouth and bet against you? Where you ask? Oh a Prediction Market platform, of course

Hello There, Forecaster

A prediction market (also called a predictive market, decision market, idea futures market, proposal market, event derivatives market or virtual market) is a type of financial market where people can bet on the outcome of any and all events — sports, entertainment, politics, business, and more. Prediction markets have existed for hundreds of years, but they have only recently attracted more widespread interest. Software and internet usage has exploded in recent years, making prediction markets easier to set up and access.

There’s a price to every prediction. This price simultaneously represents a bet on the event’s occurrence and its estimated value. Most people interpret this as their “bets” on the likelihood of an event occurring, but there is more to this than just ascribing personal value to an occurrence.

Prediction markets are emerging as a powerful tool for collectively pooling wisdom to make better decisions. By allowing disparate parties with diverse backgrounds to bet on the outcome of an event, information about specific events can be aggregated and utilized in areas where traditional methods of research may fail. Unfortunately, as we’re currently learning, data manipulation brings a host of new ethical and human biases to this multi-billion dollar industry.

A Block in the Chain

The blockchain is a decentralized, distributed ledger that can move value around the world securely and without permission. It has no boundaries nor is it under the control of any entity. Blockchain technology is open to everybody. It guarantees security and privacy without compromising on the ability to innovate. Anybody can acquire any asset on the blockchain, transfer it from anywhere to any place in the world, create value for anything, and exchange it for like-value (which may include physical goods and services) through smart contracts.

With smart contracts, users can exchange values without having to establish trust or requiring trust mediators due to the fact that the conditions for the exchange of value have been coded into the contract. Leveraging blockchain technology and smart contracts, the prediction market industry can break free of the fetters that have made participation prohibitively expensive and restricted participation to a select few.

Pulse is a decentralized prediction platform where users can create, trade, and profit from the outcome of any event. Through its unique implementation of and design philosophy, Pulse is bringing down the barriers to entry for users by creating a seamless interface, easy access to more liquidity, and expanded market options.

Pulse has been developed to provide the backbone of a community-powered marketplace on top of which anyone can create their own market. It is the first project built on top of Flux Protocol’s novel oracle aggregator. The platform has been growing from strength to strength since its first launched on NEAR blockchain in April. In May this year, it surpassed both Gnosis and Augur user base, gaining 186x more users in a month than both platforms combined.

A Date with NearPad

Following its recent acquisition of Stake.gg, an esports prediction market, in a first of its kind DAO-to-DAO acquisition, Pulse is now partnering with NearPad for its Token Distribution Event. We will be publishing the event details in the coming days. In the meantime, you can use the mainnet app on NEAR Protocol here: https://pulsemarket.eth.link/#!/. Don’t forget to join their Telegram and Twitter to stay updated.

Pulse Links

Website: https://pulsemarket.eth.link/#!/

Twitter: https://twitter.com/pulsemarkets

Telegram: https://t.me/pulsemarkets

NearPad Links

Website: https://nearpad.io/

Twitter: https://twitter.com/NearPad

Telegram: https://t.me/nearpad