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rev
@rev
Soft launching /limitless ā the social predictions protocol on @base š„ Participate in social prediction markets & engage with your favorite creators! First markets are already live by /skininthegame, /onchain, and yours truly. š§ Time to have skin in your beliefs ā https://limitless.exchange
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Jorge Pablo Franetovic š©
@jpfraneto.eth
i was excited checking it out but hit this wall can you explain what a social prediction market is? what are we predicting? how do you envision people using this?
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rev
@rev
hey, glad to have you here! Limitless lets you participate in social prediction markets led by your favorite creators. 'social' in this context means community-driven, native to your tribe, something that you can relate to and be part of ā in a meaningful way. re: sign up. DCing you, will help out!
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Jorge Pablo Franetovic š©
@jpfraneto.eth
cool, thank you but what are social prediction markets? how would you explain it to your grandma?
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CJ
@cjh
buying shares in the probability of an event, kind of function like binary options contracts
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Jorge Pablo Franetovic š©
@jpfraneto.eth
and the event in this case is that the person that you are buying will end up being more valuable in the future?
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CJ
@cjh
not exactly, in simple case condition may be "will donald trump win presidential election"? you may buy shares in "yes" or "no" and price should represent the probability that the event may take place, since each share may expire at 0 or 1, depending on the outcome ("yes" or "no") reported by oracle / dispute network.
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