Uvio
Click on the icon to expand the question. For each question there is a section called oneliner and extended. These sections are for short and long answers. Read the long form answer if you want a more technical deep dive.
What is Uvio?
oneliner
Uvio shows you what's real.
extended
Our north star is to surface who is right and who is honest. And we do that using the powerful mechanics of "prediction markets". We could say Uvio is a social network for prediction markets. On the surface, Uvio is structured like any other social media platform. Users can post content and follow content from other users.
The difference on Uvio is that when users post what we call Claims, then they stake their Reputation with those claims. Eventually the community resolves claims based on events in the real world. And once claims have been resolved, the staked reputation is transferred from those who were wrong to those who were right. For understanding better how Uvio determines who is right or wrong, please read How to resolve a Claim.
Also good to know, the term "uvio" is a short version of ultra-violet. The colour purple is Uvio's brand origin, because when you mix red and blue together, then you get the colour purple. In US politics you have a two party system. The democrats are blue and the republicans are red. And somewhere in between those lines we ought to find what's right and real. Somewhere in between red and blue there is purple.
What is Uvio not good for?
oneliner
Uvio is not good for posting typical social media content.
extended
Users are not meant to share content on Uvio, that they merely like themselves. That includes all content that is not explicitly representing truth statements, like for instance photos of your most recent vacation, pictures of funny animals, videos of your favourite podcast, shower thoughts you need the world to know, or music from the latest rap album etc.
Who is Uvio for?
oneliner
Uvio is for people who want to understand how right or wrong they are over time.
extended
Uvio is designed to be an accountability platform. Accountability is critical for society to come to a common understanding so that we can all move forward together. Uvio can be used to create track records for yourself and for others. Therefore two main use cases, other than gambling, are most relevant for us.
Anyone who wants to keep track of how right or wrong they themselves are over time can use Uvio to gauge their own reputation within a certain field of expertise.
Anyone who wants to keep track of how right or wrong external actors are over time can use Uvio to gauge the reputation of other people within a certain field of expertise.
The following is an incomplete list of personas that might want to use Uvio for their own reputation, or for the reputation of others.
Economists may use Uvio to make predictions about the economy.
Founders may use Uvio to make predictions about their startups or industry.
Investors may use Uvio to make predictions about their portfolio companies.
Journalists may use Uvio to make public statements about their investigative stories.
Researchers may use Uvio to make public statements about their research projects.
Traders may use Uvio to make predictions about their trades and markets.
Writers may use Uvio to make predictions about their favourite topics.
How is Uvio different to Polymarket?
oneliner
Where Polymarket is about asking questions, Uvio is about making statements.
extended
Polymarket is designed to ask questions, which tend to have complex sets of possible answers attached to them. Those complex sets of options imply complex matrices of odds upon which bets can be placed. All of that complexity may be defined as feature on Polymarket.
In reality any amount of complexity in asking questions inevitably increases the potential for various forms of MEV. Because of this increased MEV surface area we can point to examples of misunderstandings, mistakes, contention, politics, conflict and centralization when attempting to resolve prediction markets on Polymarket. Further, Polymarket volume might be rather meaningless, given that odds and volume do not seem to correlate at all.
Uvio is designed to make truth statements, which are independently verifiable upon expiry. The result of a truth statement is either true or false. Carefully designing truth statements makes it easy to agree or disagree with, given a certain point of view. And most importantly, Uvio is designed to dispute any truth statement eventually, that cannot be answered with either yes or no. Those kinds of mechanisms set Uvio apart in a way where the reputation gained on the Uvio platform can actually be trusted to a great extend. Because Uvio keeps track of competence and integrity, meaning on Uvio we know who is right, and who is honest.
The creation of information markets is decentralized on Uvio, whereas the creation of prediction markets is centralized on Polymarket. On Uvio, the users decide which claims to propose, because they are automatically staking their own reputation with the information markets they themselves create. And if they are not creating them carefully, their reputation may be taxed for violating the rules of the game.
Can Uvio be a profitable business?
oneliner
Yes, because Uvio is designed to benefit from fee based revenue streams.
extended
Uvio defines a simple action space. This action space is so generic that Uvio's platform usage may scale by orders of magnitude. For instance, the Uvio platform may earn fees from the resolution volume on every market. More claims proposed on Uvio imply more fees earned.
Last updated