PredX.ai
The friend.tech-like prediction market for Degens, powered by AI
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About
The problem it solves PredX.ai (http://predx.ai/) is an AI-powered prediction market that aims to become the world's most engaging and informative event exchange, based on Base chain. Targeting trendy news of crypto, technology, and celebrities, PredX provides a platform to allow users to trade their opinions on these events and invest in the probability of whether an event will happen. PredX solves the liquidity problem with a Friend.Tech bonding curve-like order book, a no-cap probabilistic computing algorithm, AI-powered personalized recommendation system, and a machine learning-based event creation system. We help projects advertise their products through posting events, and reward KOLs and data vendors with token incentives for promoting the events and enlightening the public.
How it's made
Challenges we ran into Liquidity and Cold Start Problem: The prediction market initially faced challenges with liquidity and a cold start. To address this, we implemented a Friend.tech-like ticket-selling system. Shares of Yes and No are always available from the market with a linear price increase relative to cumulative supply. This approach enables users to purchase Yes and No shares from day one and profit not only from accurate market predictions but also based on the timing of their market entry—the earlier, the better. Onboarding Problem: many Web2 users have no idea of “Gas” and “USDC”, they don’t understand why need to deposit two tokens (ETH & USDC) to support using our system. To attract more Web2 users to Web3, we integrated Particle Wallet into our system and adopted a “Play Money” system. This allows Web2 users to participate without depositing any $USDC, using “Play Money” instead. Additionally, we developed two Telegram bots (inspired by Tinder and NOTCoin) to facilitate faster and easier onboarding to our platform. Creator Problem: events in traditional prediction markets are created by a centralized community and may cover a very limited number of events. We not only allow creators to generate their events but offer a copilot driven by GPT. It allows users to define their events based on very recent news in crypto, sports, and other fields.