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What is Bodhi？
Bodhi, the next generation blockchain based platform that decentralizes the prediction market. Bodhi leverages the advantages of the state-of-the-art decentralized prediction markets by integrating third-party Oracles and voting based decentralized Oracles via its Oracle abstraction layer. We introduce a novel replaceable Oracle framework where the prediction market is more effective and autonomous. Bodhi will be deployed on Qtum at the initial launch.
BOT represents two main interests:
1) Arbitration and Compensation. BOT holders are entitled to initiate arbitration for disputed results of prediction events and receive compensation accordingly. Before initiating the arbitration, a BOT holder must lock up certain amounts of BOT as a deposit. If the arbitration result is in favor of the BOT holder, the holder is entitled to receive certain amounts ofBOT as compensation from the losing party of the arbitration.
2) Vote and Reward. BOT holders are entitled to vote for arbitration results of the disputed prediction events and receive rewards accordingly. Before voting, BOT holders must lock up certain amounts of BOT as a deposit. If a BOT holder’s vote is consistent with the arbitration’s final result, the BOT holder is entitled to receive certain amounts of BOT as rewards from the losing party of the arbitration. In addition, BOT holders may shut down illegitimate and malicious prediction events through the voting procedure.
BOT be released at 100 million that fully represent the ownership of the Bodhi forecast market. The Foundation reserves forty million, and the community will be issued another sixty million.
Among the sixty million tokens that issued to the community, five percent will be spent on gift coins and airdrops, fifteen percent will be allocated to early angel investors and private investors, and forty percent will be for sale on the exchange.