💡Our Solution
Last updated
Last updated
Punter AI has developed and operates the the platform, a predictions market which enables users, specifically targeting cryptocurrency investors, to 'bet' on real world events by buying and selling shares in outcomes of events. Once the event has 'happened', the bet will settle and winners and losers will be decided. Uniquely, we are the first fully community-owned and decentralized prediction market platform, which does not only allow users to bet on real world events, but also allows them to create 'markets' for themselves and others to bet on. Inspired by Polymarket, we have added several additional / different aspects to the prediction markets concept, which serve as our key differentiators. While Polymarket remains the clear leader in the field, we believe we have build a superior product by adding three key aspects to the concept, with the most important one being the decentralization piece. These differentiators are described below. 1. Ethereum-Based Punter AI's puntermarket.ioplatform is the first fully Ethereum-powered prediction market, using the Ethereum Mainnet to enable betting and settling wagers. We are the first platform to use Ethereum (i.e. Polymarket operates on the Polygon chain). There are several benefits related to this, with the most important one being the fact that the Ethereum Mainnet has by far the highest traffic of any blockchain currently available. Although the relatively high transaction costs relating to the Ethereum Mainnet are a disadvantage, we believe the high activity and traffic on the chain more than outweighs this. Essentially, we have build a prediction market for the Ethereum trader, which remains the largest group of traders across the Cryptocurrency market. 2. Decentralization / Community-Owned Polymarket is fully owned by the team behind it. In other words, it is run through a centralized system where all profits go to the owners. Moreover, all 'markets' are created by the team itself, and the real world events you can bet on are thus created by Polymarket. We believe there is a significant demand for a community-owned platform, especially one where users create and control the 'markets', i.e. the real world events you can bet on. As such, is fully decentralized and any user can create a real world event to bet on. The team only 'settles' the markets, i.e. verifies the outcome and settles the bet once the real world event has seen an outcome. Moreover, we share all the profits generated by our platform with holders of the $PAI token. As such, we are the first and only decentralized prediction market platform. Simply hold the $PAI token with a minimum holding treshold of 0.1% of supply, to be eligible to share in our profits. 3. $PAI Ecosystem / Fee Structure Polymarket has integrated a 3% flat tax on all buys and sells, which is seen as the 'market standard' for prediction market platforms. Having our own ERC-20 token, however, we have integrated a system in which holders of the $PAI token pay less fees. Not only does this cause a significant incentive to hold our token, it also essentially creates the cheapest option for users looking to bet on real world events, charging just 1% fees for $PAI holders. Note that these reduced fees for holders are implemented c. 4 weeks after launch. Moreover, we have a unique referral system, in which users get the opportunity to receive one third of the fees generated by any investor they refer. The above aspects detail our initial key differentiators. In the future, as detailed in the 'Product Development' chapter of this whitepaper, we also aim to differentiate by offering the easiest to use and most aesthetic UI and UX. In terms of product development after launch, upgrades to the UI and UX have priority.