Business Idea:
A transparent, reliable prediction market platform built on the Sui Blockchain that combats manipulations, providing users with trustworthy insights and bets on various events.
Problem:
Current prediction markets like Polymarket suffer from market manipulations, leading to unfair outcomes and financial losses for users seeking accurate predictions.
Solution:
Develop a decentralized prediction market on Sui Blockchain utilizing advanced security mechanisms to prevent manipulation, ensuring fair, transparent, and reliable betting experiences.
Target Audience:
Crypto enthusiasts, traders, gamblers, investors, and anyone interested in event outcome predictions who values security and transparency.
Monetization:
Revenue generated through transaction fees, platform commissions on bets, and possibly premium features for advanced analytics or early market access.
Unique Selling Proposition (USP):
Unlike existing platforms, this prediction market leverages the Sui Blockchain’s capabilities for enhanced security and reliability, directly addressing manipulation issues and user losses.
Launch Strategy:
Start with a minimal viable product (MVP) focused on specific high-interest events, gather user feedback, implement security improvements, and promote transparency to build trust among early adopters.
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