What the f predi̇qs

Developer Grant Proposals
1

Executive Summary

Prediqs is a volume-based prediction market platform where communities create prediction tokens and users trade based on their insights. It fills a market gap by democratizing predictive financial tools, enabling regular users to turn their knowledge into profit.

Problem Statement

  • Lack of Accessible Prediction Markets: Existing platforms are often too complex or exclusive to institutional investors.
  • Underutilized Social Insights: A growing community of amateur forecasters remains untapped, leaving potential financial opportunities unexplored.
  • Trust and Transparency Issues: Traditional prediction models lack transparent validation processes.

Solution: Prediqs

  • Create Prediction Tokens: Users can create market events and participate in trading based on predictions.
  • Trade Predictions: Allowing a wider group of users to engage, from amateur forecasters to experts.

Market Opportunity

  • User Empowerment: Community-driven predictions foster higher engagement.
  • Revenue Channels: Transaction fees, premium memberships, and data licensing.
  • AI Validation: Integration of real-world data ensures accurate predictions.
  • Decentralized Trust: Transparent, blockchain-based platform.
  • Growing Market: The global prediction market is projected to reach $50B by 2028, with rapid growth in DeFi and crypto adoption, indicating strong future demand.

Project Roadmap

  • 0-1 Months: Finalize Minimum Market Product (MMP) and establish blockchain partnerships.
  • 1-3 Months: Launch the open beta for initial feedback and secure partnerships with Web 3.0 communities.
  • 3-4 Months: Start targeted digital marketing efforts and execute physical marketing at Web 3.0 summits.
  • 4-6 Months: Develop additional features based on user feedback.

Prediqs Squad

  • private: Founder
  • private*: Art Director
  • ** private**: COO
  • ** private**: CTO
    • private**: Lead Developer
  • ** private**: Social Media Specialist

Investment Seeking

  • Post-Money Valuation: $6M (with $1M investment)
  • Platform Development: 40% (Smart contract optimization, security audits, and feature development)
  • Marketing and User Acquisition: 30% (Strategic ad campaigns, influencer partnerships, and community building)
  • Operational Costs: 15% (Infrastructure, oracle services, customer support)
  • Regulatory Compliance: 10% (Legal services for global market compliance)
  • Contingency: 5% (Reserve funds for unexpected needs)

Why Prediqs Stands Out

  • Market Opportunity: Global prediction markets are expected to reach $50B by 2028, with DeFi and crypto adoption driving future demand.
  • AI Validation: Real-world data integration ensures prediction accuracy.
  • Decentralized Trust: Fully transparent, blockchain-based platform that empowers users and developers alike.
  • Multiple Revenue Streams: Transaction fees, premium memberships, and data licensing ensure long-term sustainability.