Gnosis prediction platform announces Gnosis X launch

Gnosis X, to be launched on March 19, to give tools for developers to make their own prediction apps on the platform, also a regular competition is announced
16 March 2018   498

Gnosis X will be launched on March 19, 2018. The launch will release tools for developers, scientists and businesses to make their own custom prediction software on top of existing Gnosis platform.

Prediction markets are essentially a forecasting tool, useful in many cases. Predicting traffic flow and customer demand may seem less important than, for example, epidemics and dangerous anomalous weather prediction, but is no less hard. Global economy also shouldn't be forgotten here, because predicting future fluctuations based on the existing data has long been the recipe to success in a hard field such as this. All this requires immense work to collect and process data. And here, decentralization of computing power and information sources comes in.

Gnosis is the platform which decentralizes prediction markets and allows for better and more accurate prognosis of coming events. Predicting future events with even a passable accuracy is quite hard, but very important in many cases. And so, Gnosis plans to release their tools and give access to underlying algorithms, so more people in different spheres can benefit from it.

Also, the company plans to hold regular competitions for the best forecasting tool in the specific field, based on Gnosis platform. The challenge will be held throughout the year with company announcing different categories for prediction market usecases, with the first ones being released in March. And the best application in each category will grant the developers a sizable prize of $100 000 equivalent in GNO tokens.

At the time of publishing the GNO has following market parameters:

Average price: $83,57

Market cap: $92 307 604

24h volume: $312 010

SoftBank & Baidu to Invest in Atlas Protocol

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance
21 August 2018   130

The Atlas Protocol marketing module (ATP) has completed a round of attracting initial funding, led by SoftBank China Venture Capital (SBCVC), having collected several million dollars during it.

In a multimillion-dollar round, the exact amount of which was not disclosed, Baidu Ventures (BV), Danhua Capital and Fenbushi Digital also took part.

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance (xGBA). The "first developer" of Google Adwords, Jeremy Zhao and Columbia University Professor Ronggui Gu will serve as project advisors on technical issues.

Atlas Protocol plans to create a blockchain ecosystem and "to form a new paradigm of interactive marketing." According to the press release, ATP allows you to rank "calculated values ​​on the block and transfer value using tokens" using the ATP Smartdrop service application.

xGoogler Blockchain Alliance was formed in April this year as a community of former Google employees interested in blockchain technology. Its founders were the developers of projects Nebulas, Loopring and Gifto.