Metaprediction: Blockchain-Driven Decentralized Prediction Platform
The Metaprediction whitepaper was written and published by the Metaprediction core team at the end of 2024, aiming to address pain points in current prediction markets such as data fragmentation, information asymmetry, and centralization risks, and to propose a new decentralized solution for prediction aggregation and verification.
The theme of the Metaprediction whitepaper is “Metaprediction: A Decentralized Framework for Prediction Intelligence Aggregation and Verification.” What makes Metaprediction unique is its innovative methodology of “multi-model prediction aggregation + incentive-based verification mechanism + cross-chain data interoperability,” designed to achieve more accurate and resilient predictions of future events; the significance of Metaprediction lies in laying a more solid data foundation and trust mechanism for decentralized prediction markets, significantly enhancing the reliability and anti-manipulation of predictions.
The original intention of Metaprediction is to build an open, transparent, and highly trustworthy decentralized prediction ecosystem. The core viewpoint articulated in the Metaprediction whitepaper is: by combining multi-source prediction data and decentralized verification, it strikes a balance between decentralization, accuracy, and anti-manipulation, thereby enabling more precise and consensus-driven predictions of complex future events.
Metaprediction whitepaper summary
Metaprediction (METP) Project Introduction
Friends, today let’s talk about a blockchain project called Metaprediction (METP for short). Imagine you and a group of friends playing a prediction game, such as guessing whether a particular stock will rise or fall tomorrow. The Metaprediction platform acts as the “smart referee” and “reward distributor” for this game, but it runs on the blockchain, making the whole process more transparent and automated.
The core idea of this project is to use blockchain technology to allow everyone to make predictions about market information. It has a special mechanism: the platform uses artificial intelligence (AI) algorithms to identify “Pro Traders” with particularly strong predictive abilities. These pro traders submit their predictions, such as forecasting the price trend of a certain cryptocurrency. If their predictions are accurate, they receive METP tokens as rewards. The funds for these rewards mainly come from “Retail Traders” who choose to follow the strategies of the pro traders.
Simply put, professionals provide predictions, and ordinary users can choose to follow. If the prediction succeeds, the professionals receive token rewards; if the prediction fails, the tokens are returned to the retail traders. The entire verification and reward process is automatically executed by smart contracts. Smart contracts are like pieces of code on the blockchain; once conditions are met, they automatically execute preset rules without any third-party intervention, ensuring fairness and transparency.
Project Vision and Value Proposition (Inferred from Available Information)
Based on currently public information, the Metaprediction project appears to aim to create a decentralized prediction market by combining AI and blockchain technology. Its value proposition may include:
- Improved Prediction Efficiency: By using AI to identify and reward outstanding predictors, the overall accuracy of market predictions can theoretically be improved.
- Transparency and Trust: Leveraging blockchain’s smart contract mechanism ensures that the verification of prediction results and the reward distribution process are open, transparent, and tamper-proof.
- Incentive Mechanism: METP tokens serve as incentives, encouraging more capable predictors to participate and providing followers with potential earning opportunities.
However, due to the lack of an official whitepaper and other detailed materials, we cannot gain deeper insight into its broader vision, mission, or specific differences from similar prediction market projects (such as Augur, Gnosis, etc.).
Technical Features (Inferred from Available Information)
According to the description, the Metaprediction platform directly integrates blockchain technology into its functionality. Its main technical features include:
- Smart Contracts: Traders submit predictions to smart contracts. These contracts execute “true” or “false” results based on real market information and automatically distribute rewards.
- Artificial Intelligence Algorithms: The platform uses AI algorithms to identify the most profitable pro traders and reward their successful predictions.
- Decentralization (Speculative): Although it is not explicitly stated to be fully decentralized, the use of blockchain and smart contracts generally means its core operational logic is decentralized, reducing reliance on a single centralized entity.
Regarding its specific technical architecture, the blockchain used (e.g., Ethereum, BSC, or other chains), consensus mechanism, and other deeper technical details, there is no mention in the currently available public information.
Tokenomics
Metaprediction’s token is METP.
- Token Symbol: METP
- Token Utility: METP tokens are mainly used as the reward mechanism within the platform. Successful pro traders receive METP tokens as compensation.
- Total Supply and Circulation: According to some crypto data platforms, METP has a total supply of about 1.85 billion tokens. However, its circulating supply is often reported as 0 or “N/A,” and market circulation is very limited.
- Market Activity: Multiple sources indicate that METP has limited market activity, low liquidity, and is even marked as “Untracked” or inactive in data. This means its trading volume may be small, and price volatility may be high.
Details about token allocation, unlocking plans, inflation/burn mechanisms, etc., cannot be found in the existing public information.
Team, Governance, and Funding
Currently, information about the core team members of the Metaprediction project, team background, governance mechanisms (such as whether a DAO model is adopted), and the project’s funding status or financing information is extremely limited or not mentioned in publicly available sources. This makes it difficult to assess the project’s execution capability and long-term development potential.
Roadmap
No official roadmap for the Metaprediction project, including key historical milestones, completed achievements, or future development plans and goals, can be found in the currently available public information. This is a significant gap for evaluating the project’s progress and future direction.
Common Risk Reminders
For blockchain projects like Metaprediction, friends should pay attention to the following types of risks:
- Information Transparency Risk: Due to the lack of an official whitepaper, detailed team information, and roadmap, the project’s transparency is low. This means it is difficult to fully assess its technical strength, operational plans, and potential risks.
- Market Liquidity Risk: Multiple data platforms show that METP’s circulating supply is 0 or not applicable, and market activity is limited with low liquidity. This means the token may be difficult to buy or sell, prices are easily affected by small trades, and there may be significant price volatility.
- Technical and Security Risk: Although the project mentions the use of smart contracts, there is no information about contract audit reports. If smart contracts have vulnerabilities, it could lead to loss of funds.
- Economic Model Risk: Tokenomics information is incomplete, making it impossible to assess its long-term sustainability. If the incentive mechanism is poorly designed, it may not effectively attract and retain users.
- Compliance and Operational Risk: Regulatory policies in the blockchain and cryptocurrency sector are still unclear, and the project may face compliance challenges. At the same time, the lack of team and operational information also increases operational risk.
Please note: The above content is only analysis and inference based on currently available public information and does not constitute any investment advice. The cryptocurrency market is highly volatile and risky; please be sure to conduct thorough personal research (DYOR - Do Your Own Research) and make decisions cautiously.
Verification Checklist
Due to the lack of official information, the following are some suggested directions for verification, but they may be difficult to obtain at present:
- Block Explorer Contract Address: Find out which blockchain METP tokens are issued on and obtain their smart contract address to view token issuance, holders, and transaction records on the block explorer.
- GitHub Activity: If the project has an open-source codebase, check the activity of its GitHub repository to understand the development progress and community participation.
- Official Website/Community: Try to find Metaprediction’s official website, Twitter, Telegram, or Discord community channels to get the latest information and communicate with the project team.
Project Summary
The Metaprediction (METP) project aims to create a prediction-based reward platform by combining artificial intelligence and blockchain technology. It envisions a scenario where “Pro Traders” are rewarded with METP tokens for successful predictions, while “Retail Traders” can follow these professionals’ strategies. Smart contracts are used to automate the verification of prediction results and the distribution of rewards, ensuring transparency and fairness in the process.
However, currently, publicly available information about the Metaprediction project is very limited. We have not found an official whitepaper, detailed team introduction, specific governance model, or a clear roadmap. In addition, METP token market activity is reported as limited, circulating supply is unclear, and liquidity is low, even being marked as “Untracked” on some platforms.
For anyone interested in Metaprediction, it is strongly recommended that you conduct in-depth personal research before making any decisions and fully understand the inherent risks involved in cryptocurrency investment. Due to information opacity and limited market activity, this project may have high uncertainty. For more details, please research independently.