Review on X-Protocol by THONG HUYNH

This is a first prediction based Polkadot Platform, designed to provide diversified, automated, safety-oriented, high-yield, socialized forecasting services, allowing users to freely initiate predictions and governance of real events, discuss and participate in incentive programs!



This way has always been amazing and solves problems facing traditional prediction market:

- Centralization, the platform manipulates issues and results

- Limitations, limited to simple price predictions, or certain event types

- Single income, platform currency is monopolized by platform and investors

- Only enables prediction without communications

- Lack of liquidity in orderbook

- The operating experience is complicated and unfriendly



Advantages of PredictDAO:

- The user initiates a prediction issue, and the initiator can get a certain percentage of prediction rewards, prompting Users spontaneously initiate a wide range of interesting topics and promote them to attract more people’s attention

- In addition to predicting correct rewards, users also predict mining rewards, staking Rewards, forecast leaderboard rewards, liquidity provision and mining rewards, etc. In addition,There are additional rewards for predicting topic sponsors and community nodes.

- Any user can become a node by staking a certain governance currency. The governance node uploads the results through the oracle machine and accepts the whole network supervision, and part of the platform revenue is shared.

- Based on Polkadot's cross-chain agreement, the platform will support the participation of cross-chain assets, condense the resources and energy of each chain, and facilitate the participation of more users. It will become an independent parachain in the future

- The platform will not only be a cold forecast, but also a enthusiastic way of socializing. Users will be able to discuss topics through predictions, and there will be a forum-style communication system with social functions such as friends and group chats.

- Refer to AMM's new type of fixed product automated market maker, which automatically adjusts and predicts the value of tokens, no longer requires in-depth support of thin orders and greatly increases liquidity



Now we can create your own predict with your friends or professional prediction bring a real to blockchain.

And there is so much more in the future, I can see a bright future in this project.