UPSHOTOne uses a new field of mechanism design called peer prediction to incentivize people to answer questions honestly.
Here's how it works
Join Communities
People join communities around topics they are interested in or educated about -- like NFTs.
Ask Questions
Questions are asked to different communities. Questions can be subjective like appraisals of NFTs ("how much is this CryptoPunk worth?") or can have correct answers like, "did it rain yesterday?"
Answer Questions
People answer questions and their answers are compared to others’. A new mutual information measure pays people for honest answers”.
Get Paid
With this, individuals get paid for simply telling the truth about things they care about and people asking questions can have confidence that the answer they get in return is true.
UPSHOTOne can be used to:
Discover NFT prices in real-time
Resolve prediction markets
Verify subjective insurance claims
Coordinate decentralized governance
Predict the future
Identify misinformation on social media
And more...
Many apps rely on a notion of ''truth'' to function--but defining truth is either expensive or relies on centralized powers
UPSHOTOne is a platform that pays people for their honest knowledge and opinions. Unique incentives make Upshot a robust and secure source of truth for a variety of applications.