# Decentralized Prediction Market Bodhi Partners WithCoinrail Exchange Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-02-01 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Bodhi Launches on Qtum Mainnet and Announces Airdrop to QTUM Holders Meta Description: Discover how Bodhi is aiming to revolutionize prediction markets with its innovative 'replaceable oracle' mechanism and tradable BOT token on URL: https://financedigest.com/decentralized-prediction-market-bodhi-partners-withcoinrail-exchangehtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd010218-5-1736843016229-compressed.jpg) _Bodhi also announces plans for launch on Qtummainnet and token airdrop to QTUM holders_ Bodhi, the decentralized [prediction](https://www.financedigest.com/2018-it-security-predictions-methods-for-attacks-investment-areas-cybersecurity-strategies.html) market platform targeting the Chinese market, has today announced that its BOT token is now tradable on Korean cryptocurrency exchange Coinrail. Using the Qtum blockchain, Bodhi aims to build a credible, autonomous, and global prediction market. This platform will allow users to create and trade on the outcome of finance, sports, politics, and other events. Bodhi’s innovative “replaceable oracle” mechanism, powered by Bodhi’s digital token (BOT), will enhance the reliability of the [prediction market’s](https://www.financedigest.com/predictive-analysis-to-be-one-of-the-pathways-of-the-aesthetic-workstations-market.html "Predictive Analysis to be one of the pathways of the Aesthetic Workstations Market") decision-making process. Launched in October 2017, Coinrail is a leading South Korea-based cryptocurrency [exchange that also lists](https://www.financedigest.com/verasity-vra-lists-on-tier-1-cryptocurrency-exchange-crypto-com.html "Verasity $VRA Lists on Tier-1 Cryptocurrency Exchange Crypto.com") major cryptocurrencies such as Dash, EOS, IOTA, and NEO. As an exchange that emphasizes usability, Coinrail offers Bodhi significant exposure to investors in one of the fastest-growing [cryptocurrency markets in the world](https://www.financedigest.com/the-importance-of-nfts-in-the-cryptocurrency-world.html "The Importance Of NFTs In The Cryptocurrency World"). Coinrail will allow BOT tokens to be traded with BTC. Bodhi Founder Xiahong Lin said: “Bodhi is proud to partner with Coinrail, one of the preeminent cryptocurrency exchanges, bringing our platform and token to a broader community. With the BOT token live and easily tradable on the Coinrail exchange, we can get a wider distribution of users on the platform, and more [investors will have access to the vast predictions market](https://www.financedigest.com/markets-slammed-with-noise-investors-trust-tone-to-set-the-record-straight.html "Markets Slammed With Noise, Investors Trust Tone to Set the Record Straight") through a decentralized and efficient platform.” Coinrail CEO Kyungsic Nam said: “Coinrail is excited to add Bodhi tokens to our growing array of cryptocurrency offerings. Bodhi’s innovative solution meets a demand in [crypto](https://www.financedigest.com/binance-plans-to-buy-rival-ftx-in-bailout-as-crypto-market-crumbles.html "Binance plans to buy rival FTX in bailout as crypto market crumbles") markets for efficient and scalable means of trading on the prediction markets. Coinrail is proud to bring this token to our exchange and make it available to a broad sector of users and investors.” Bodhi is able to offer users the benefits of a decentralized prediction [market through its innovative](https://www.financedigest.com/the-small-joint-replacement-market-to-grow-on-an-innovatively-affable-note-from-2018-2028.html "The Small Joint Replacement Market To Grow On An Innovatively Affable Note From 2018-2028") “replaceable oracle” mechanism, which allows users to create a new [prediction](https://www.financedigest.com/2018-it-security-predictions-methods-for-attacks-investment-areas-cybersecurity-strategies.html) event and ensures trust in the result. The use of third-party [oracles](https://www.financedigest.com/advertys-multi-patented-and-industry-leading-in-game-viewability-technology-brainimpression-now-available-within-oracle-moat.html) allows Bodhi to ensure fairness, increase participation, and significantly lower fees, compared to traditional [prediction market systems](https://www.financedigest.com/covid-19-impact-on-attitude-and-heading-reference-systems-market-volume-analysis-future-prediction-industry-overview-and-forecast-2028.html "Covid-19 Impact On Attitude and Heading Reference Systems Market | Volume, Analysis, Future Prediction, Industry Overview And Forecast 2028"). In contrast to centralized oracles, the “replaceable oracle” mechanism facilitates reliable outcomes regardless of which [party is set](https://www.financedigest.com/japans-ruling-party-is-set-for-likely-bruising-in-weekend-election.html "Japan’s ruling party is set for likely bruising in weekend election") as the initial oracle. In addition, the Bodhi platform incentivizes BOT token holders to participate in the voting process to correct a false [oracle](https://www.financedigest.com/advertys-multi-patented-and-industry-leading-in-game-viewability-technology-brainimpression-now-available-within-oracle-moat.html) and simultaneously penalize the false oracle. In order to use the Bodhi platform, users can stake the outcome of any prediction event about which they have an opinion. Other users can join the prediction event in favor of or against the initial users, establishing the odds of the outcome of the event organically. When the specified future time arrives, or the specified event occurs, the third-party [oracle](https://www.financedigest.com/advertys-multi-patented-and-industry-leading-in-game-viewability-technology-brainimpression-now-available-within-oracle-moat.html) will be able to automatically poll the event results and determine the result instantly. If the “replaceable oracle” mechanism phase is successfully completed, users who predicted the outcome correctly receive both the original event tokens, as well as additional incentive payments. Bodhi has also announced that it will airdrop four million BOT tokens to all holders of QTUM tokens on February 16. The airdrop of BOT tokens will encourage users to test the Bodhi prediction [markets platform ahead](https://www.financedigest.com/dollar-soars-to-two-decade-high-as-putin-shakes-fx-market-ahead-of-fed.html "Dollar soars to two-decade high as Putin shakes FX market ahead of Fed") of its main net launch on February 28. Bodhi concluded its highly successful Initial Exchange Offering (IEO) in November 2017, raising the equivalent of $24 [million USD](https://www.financedigest.com/application-specific-integrated-circuits-market-expected-to-reach-usd-33545-7-million-by-2026-tmr.html "Application Specific Integrated Circuits Market Expected To Reach USD 33,545.7 Million By 2026 – TMR"). As of December 2017, Bodhi became the first decentralized application that runs on the Qtumtestnet. Bodhi also plans to grow its team with the onboarding of more software engineers [and business development](https://www.financedigest.com/dan-hodgson-joins-verasity-as-director-of-business-development.html "Dan Hodgson joins Verasity as Director of Business Development") managers. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---