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IMOO: Information
Market On-Chain Oracle

Collating the responses of thousands of humans to a single question, IMOO offers DApp builders access to on-chain, real-time human observation. A decentralized oracle of information that can be applied to the dispute resolution in DeFi, prediction markets, and more.

What was the price of BTC five minutes ago?

Who won the election?

DApps deserve decentralized information. Collecting it from thousands of human users provides more reliable and consumable data to execute on event outcomes, and prevent arbitration attacks.

Any question you want. All on-chain.

A single question. Thousands of responses.

IMOO dramatically diversifies the information available to on-chain DApps, whether prediction markets, or DeFi products. By crowdsourcing responses with IMOO, DApps can move faster with more expedient and reliable on-chain convergence.

Enhance the capability of on-chain prediction markets by accessing incremental data to ensure correct payouts, and prevent arbitrage.

Faster and more reliable on-chain convergence through the collated responses of thousands of human users.

Accommodate the next wave of DeFi applications with fresh sources of decentralized data.

Dramatically increase the transparency of data: each response produces an accompanying transaction, and is represented on-chain.

IMOO by HUMAN Protocol is a truly decentralized oracle that can provide crucial updates on event outcomes. By leveraging their HUMAN respondents, any prediction markets can receive accurate, real-time information on events such as the price of Bitcoin or the winner of the NFL Superbowl and everything else in between. Such technology – robust, decentralized, and on-chain – makes for the perfect oracle to power Zeitgeist's prediction markets.”
David Perry

Chief Information Officer
Zeitgeist logo

IMOO in action

DeFi price feed claims process, by Pyth

Pyth Network has proposed to use HUMAN Protocol to solve claims arising from a disagreement on, for instance, the price of a given asset. In their whitepaper, they write:

"The [claims] process will use HUMAN Protocol to collect the necessary off-chain information from impartial judges, then feed that information into a predetermined algorithm that determines the outcome of the claim."
Prediction markets

An information (or prediction) market allows any individual or organization to trade on the outcome of an event. These markets depend on the availability of robust information. If a market is made to reward those who correctly predict the winner of an election, the platform which runs the market needs all the information available: opinion polls, newspaper headlines, party statements, etc. Otherwise, the market could reward the wrong outcome. This is what IMOO provides: democratically sourced information.

IMOO: decentralized arbitration for decentralized markets

Decentralized, the capabilities of prediction markets expand, and more diverse and numerous input can be included in market settlement.

By bringing global Q&A systems on-chain, IMOO offers a new building block for decentralized prediction markets.