Development updates of X Predict Market
Recently, X-predict dev team has uploaded the open-sourced codes for module xpmrl (X Predict Market runtime library).
Simply put, this xpmrl module has four application scenarios.
1. The Dynamic Addition of Currency
Our tokens pallet is featured with the dynamic addition of currency, which is used to dynamically add new tokens (vouchers for invested capital). They can be increased, decreased, locked, issued, and burnt (Token amount of each prediction topic remains dynamic during the voting period. Users can vote on the proposal, cancel the vote, change the number of votes, etc. Since there is no upper limit on the number of votes for each topic, only when the voting period is over can the final number of votes be determined) .
2. Governance token
There are collateral and revoke collateral business in X Predict Market (Every proposal needs to be uploaded via governance node-which requires staking governance tokens).
3. Tokens management
From the beginning to the end of the voting period, the generated tokens used for voting activities are stored in a place referred as treasury.
4. Management of underlying assets
Such as Ethereum assets, it can also be transferred to the contract provided to be locked up. Our platform can generate the amount of tokens in accordance with the Ethereum assets. Whether it is the token generation or token burn, the xpmrl module will perform the corresponding activity.
Development updates keep coming in, stay close!
About X Predict Market
X Predict Market is a decentralized cross-chain prediction platform designed to provide diversified, automated, safety-oriented, high-yield, socialized forecasting services, allowing users to freely initiate predictions and governance of real events, discuss and participate in incentive programs.