IGNITE is a decentralization prediction platform, hoping to establish a consensus forecasting system with the same weight as the same, and use large data intelligent computing and analysis to realize enterprise application forecast. IGNITE uses incentives to allow participants in a market to communicate, instantly and transparently, their wisdom regarding the outcome of upcoming events, effectively predicting the future. We designed IGNITE from the start to be decentralized, which makes it difficult to manipulate prediction results.

In IGNITE prediction markets, IGT tokens are used:

• By IGNITE users to pay for a certain prediction through IGNITE
• To incentivize IGNITE users (through the payment of a fixed number of IGT tokens) to virtually “buy and sell” “outcome shares” in the Market. Users virtually “buy and sell” such “outcome shares” based on what they see as the probability at any given moment and agree on a virtual “price” that such transactions will occur. As long as a prediction is active, the virtual price continues to fluctuate and indicates the probability of an outcome according to the crowd's wisdom.