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   1030

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

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   101

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.