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Cryptoecon Meetup Explains Prediction Markets and Introduces Amoveo Platform

Cryptoecon Meetup Explains Prediction Markets and Introduces Amoveo Platform

Exan.tech, Cryptoecon Moscow and fellow crypto nerds rolled out a meetup on May 17, 2019, in Moscow. Blockchain evangelists and finance gurus talked of Prediction Markets (PM). The meetup also served as a springboard for an ambitious blockchain platform Amoveo. Watch the full recording on YouTube (in Russian).

Who rocked the scene this time?

Stepan Gershuni, renowned crypto geek and the guy behind credentia.me and Cryptoeconomics Research Group, elaborated on the concept of Prediction Markets by the example of the Augur platform.

Denis Voskvitsov at Exan.tech covered things Amoveo: its founder Zack Hess, the project’s philosophy, features, architecture and the community. Denis also talked of MyVeoWallet and the way this beast fits in the Amoveo zoo. Finally, Denis spilled how Dominant Assurance Contract helped raise some dough for the meetup.

Sberbank Executive Andrei Dukhonvy shared how Russia’s largest bank got up to speed with Prediction Markets. Sberbank now uses PM for forecasting in-house metrics - with no blockchain in place. Andrei provided the stats proving that PMs are 2x more efficient than individual analysts. That said, Predictions Markets require no less than 50 contributors to function properly. If PM works for Sberbank-grade infrastructures, apparently, it will whittle down the costs of market research for pretty much any company. 

For many meetup attendees, this was the first encounter with Amoveo.

In a nutshell, Amoveo (VEO) is a cryptocurrency and open-source, self-funded blockchain platform for building derivatives based on smart contracts. As things go, the derivatives are put to good use in risk hedging, investments, crowdfunding, stablecoin creation, prediction markets and more applications. Amoveo builds on the Proof-of-Work blockchain and runs its own lightning network to instantly transfer VEOs inside the channels.
A two-hour Cryptoecon - Amoveo meetup hosted around 100 people - crypto and fintech nerds and the media. 1,000+ people watched the live meetup broadcast at ForkLog.Organisers chomp at the bit for more local and global meetups  so stay tuned for future announcements!

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