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2019-12-27

PredIQt will soon launch User-Generated Markets

PredIQt launched on the EOS mainnet

The PredIQt team recently published a development update where they announced the arrival of the first User-Generated Markets (UGMs). These still need to be tested and will be ready for launch on December 30th.

Users will be able to stake IQ tokens to create their own markets on any topic and participate in the reward structure that incentivizes market creators and resolvers.

New markets can be created using the graphical interface on the PredIQt website, and 20,000 $IQ tokens will need to be staked. Once the market is accepted the tokens will be burned and the creator entitled to receive the fees that are paid by market participants upon the market's conclusion.


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