BCG prediction market aims to use blockchain technology to build a global open prediction market platform. Here anyone can create their own prediction, ask the community a question, and reward participants for answering the question. Through the behavior of the market, the providers of effective information can obtain higher economic incentives, so as to realize efficient wisdom sharing and information flow.
BCG uses distributed network, cryptography, smart contracts, Token and other blockchain underlying technologies to rebuild the prediction market, making the prediction market look brand-new in the blockchain era, which is earth-shattering. Based on the decentralization and non-tamperable data characteristics of blockchain technology, this means that no stakeholder group can control the prediction market, which is enough to demonstrate its fairness, openness, and transparency. At the same time, users don't have to worry about the credit of the prediction market, because the object of trust has changed from traditional centralized institutions to blockchain smart contracts. Finally, the innovative Token reward mechanism of the blockchain avoids traditional financial supervision, promotes global financial and data circulation, and brings more users and larger transaction scales to the BCG prediction market.

BCG Products

The BCG Blockchain Prediction Market is not just a paper product. We know that no matter how beautiful the idea is, if it cannot be implemented, it is just empty talk and ridiculed. Therefore, our team has turned the vision into reality through unremitting efforts day and night. The BCG prediction market has released several products based on the prediction market, which are loved by users.
1. Forecasting software
Forecasting software is a front-end interface developed by BCG for users to participate in predicting events. Anyone can use forecasting software to publish their own forecast events to the whole network, and set a bonus to motivate those who have special information to share information. Predicting events usually designs itself as a series of questions about future events, each outcome has its own probability of occurrence, and the sum of the probabilities of all outcomes is equal to 100%. The probability of a result represents the transaction price of the result in the market. If there is a disagreement, people will buy and sell shares in a forecasted way. Unlike general questions and answers, the forecast market is traded with tokens of real value. People therefore engage in a cautious mindset that yields accurate predictions of the future outcome of the event.
Due to the diversity of real events in the real world, the BCG prediction market has developed matching prediction event templates and corresponding Oracles for some industries such as finance, insurance, information, agriculture, entertainment, sports, security, gambling, etc. interface. Users can easily create satisfactory forecast events with these standard templates. Of course, official standard templates alone cannot cover all aspects of the real world. We also provide open SDK components for third-party developers so that they can develop more customizable templates to meet the needs of users.
The prediction software based on blockchain technology is expected to be officially released to the entire network by the end of May 2018.
2. Game software
Prediction and games can be said to be a natural combination. From a certain perspective, in video games, the behavior of players is essentially a prediction of the future . For example, some digital games, such as fantasy sports, football manager, block cat, etc., players need to collect information, analyze data, predict the behavior of opponents and market trends, so as to formulate their own game strategies.
It can be said that the prediction market and online games are connected in underlying logic. Therefore, the BCG team also released a game engine based on the blockchain prediction market. Based on this engine, two game products, NonceDice and Crash, were developed. These two products have proved to the market the value of prediction markets in the gaming space. In the future, more prediction chain-based games will be released on BCG. Let the value of the prediction market be extended to a greater extent.
The two games NonceDice and Crash released by the BCG prediction market can be accessed through the official website (https://bc.game).
3. Blockchain wallet
BCG has released a self-developed wallet application. Users can directly publish forecast smart contract transaction participation forecasts in the wallet application center. The prediction reward will be automatically transferred to the user's wallet address after the prediction is over. The BCG wallet can also use multi-signature technology, which allows an organization or a group of people to jointly control their funds and conduct a transaction through the approval of multiple users. This feature will be used to predict the financial security guarantee before the outcome of the arbitration.
BCG Wallet is a universal digital wallet that supports multi-currency, multi-bottom, and cross-chain transactions. At present, there are about 100 kinds of digital currencies approved by BCG Wallet, supporting Ethereum/ERC20, Jingtong (SWTC/TUM) and Moac bottom layer (MOAC/ERC20), and are connecting to EOS bottom layer, BTC bottom layer, and TRX bottom layer.
BCG Wallet will also open up the payment of various applications on the chain, package the technology into an API, and provide it to third-party developers to help more applications access encrypted digital currency payments.
BCG Wallet has been integrated into its own product game software, chat software and prediction software. Users can create and use their own wallets on the BCG official website.
4.IM instant chat tool
Prediction is essentially a social behavior, and the prediction market is an application with strong social attributes. People from all over the world come together to share information, exchange ideas, discuss and argue about an event in the future. A carrier is needed to support the social behavior between users, so we developed the instant chat software Bixin.
Bixin supports Android, iphone, and PC multiple clients. Users only need to use their mobile phone number to log in to CoinMessage to communicate with friends all over the world. Bixin is not only a chat software, but also integrates rich functions such as wallet payment, OTC over-the-counter transactions, digital currency acceptance, candy red envelopes, etc. The future positioning of Bitnews is to build a social network linking users and the blockchain world, becoming the "WeChat" in the blockchain field.
5. Currency-to-currency trading market
BCG is developing a digital currency trading market, which supports currency/currency transactions between users and acceptance of legal currency/digital currency. The exchange is a financial tool based on the prediction market. It demonstrates the rich and diverse applicability of the prediction market in the financial field, and provides more accurate risk hedging tools for digital currency traders.
For example, people who are optimistic about the development of bitcoin will buy bitcoin from those who are bearish on bitcoin through the exchange, and the price of each currency on the exchange is people's prediction of the expected future income pricing of this currency. In addition, traders can also exchange their digital currency into legal currency through the acceptors in the BCG trading market to achieve the purpose of hedging and risk hedging. Exchanges based on the blockchain prediction market will have lower fees than traditional exchanges, more convenient trading channels, safer fund protection and dispute arbitration mechanisms.
The trading market has been tested internally and is expected to open to the market in September 2018.
6. Open SDK (Developer Kit)
BCG blockchain network provides open SDK for third-party developers in the service layer, including: BCG.js, Oracle API, BCG DB , wallet API and a series of components. BCG positions itself as the operating system of the prediction market, and is committed to improving the research and development of the underlying technology and building a mutually beneficial and symbiotic ecosystem of platforms, users, and developers.
The open platform enables developers to quickly develop applications based on the blockchain prediction market at a very low cost to meet the needs of various customer segments. And earn token rewards of real value through these apps. Imagine the future, the rich applications developed by developers based on the BCG open platform will become a bridge connecting the blockchain network and the real world, truly allowing the prediction market to enter all aspects of people's lives, thereby changing the world!

Use of BCG TOKEN

1. Voting rights
BCG Token holders make a corresponding percentage of voting weight according to the number of holdings, and participate in the platform's future strategic development plan, product release plan, selection of new online platform tokens and other decisions come.
2. Use as an application currency
BCG Token can be used as the circulation currency of all applications in the BCG prediction market for direct consumption and platform-related privileges.

Related link:
https://www.qukuaiwang.com.cn/news/9687.html