Newwit: A Prediction Platform Powered by Blockchain and AI

Newwit: A Prediction Platform Powered by Blockchain and AI

Predicting the future has always been a fundamental aspect of human nature, whether in making investment decisions or anticipating events. However, traditional prediction methods often lack transparency, accuracy, and incentives for participants. Newwit aims to revolutionize the prediction landscape by offering a platform that is transparent, accurate, and rewards users for their contributions.

What is Newwit?

Newwit is an innovative Predict-to-Earn and Social-Fi application that leverages the collective intelligence of a decentralized network to forecast future events. By harnessing advanced AI technology, Newwit allows users to engage in prediction games and earn rewards for accurate forecasts.

Image: Screenshot of Newwit platform.

Operating on blockchain technology, Newwit ensures that all prediction activities and outcomes are transparent, immutable, and secure. The platform seeks to identify the most proficient predictors and reward them through a sophisticated tokenomics system, fostering an ecosystem where valuable insights are consistently incentivized.

Key Features of Newwit

Newwit offers a variety of features designed to enhance user experience and maximize the utility of predictions. Here’s a closer look at what makes Newwit stand out:

Blockchain Integration

By recording all prediction data on the blockchain, Newwit guarantees transparency, security, and trust. This allows users to track and verify prediction performance independently, without reliance on third parties.

AI-Based Predictions

Newwit’s proprietary AI models are continuously trained using input from all platform participants, improving their accuracy in predicting various outcomes. This AI-driven approach ensures that predictions benefit from collective intelligence rather than just individual insights.

Predict-to-Earn Mechanism

Users can earn in-game currency, WIT tokens, and governance tokens, WIS, by making correct predictions, receiving upvotes on their comments, reading news, proposing questions, and gaining followers. This system incentivizes active participation and contributions to the platform.

Social-Fi

High-performing predictors can unlock Social-Fi features, allowing them to create premium content and charge their audience through Newwit’s marketplace. This ensures that only the most reliable and consistent predictors can establish themselves as key opinion leaders (KOL) on the platform.

Prophet NFT Characters

Each player receives a free Prophet character, which is an upgradable NFT with unique abilities that affect prediction payouts and other platform actions, adding a strategic layer to the gameplay.

What Sets Newwit Apart?

Newwit differentiates itself from other prediction platforms with its innovative blend of blockchain, AI, and a robust tokenomics model. Unlike traditional web 2.0 platforms where prediction performance is neither systematically tracked nor rewarded, Newwit ensures transparency and fairness by recording all activities on the blockchain.

The platform’s AI models continually evolve using player data, enhancing prediction accuracy and generating value through applications such as trading robots and market intelligence. By rewarding users with WIT and WIS tokens for accurate predictions and valuable contributions, Newwit creates a dynamic and incentivized ecosystem where valuable insights are monetized.

Newwit’s Tokenomics

Newwit operates on a dual-token system to maintain its ecosystem and incentivize user participation. Here’s a breakdown of the tokens:

WIT: This in-game currency is used for ranking players on leaderboards, purchasing Energy (entry tickets for predictions), upgrading NFT characters, and other in-game activities. WIT is earned through gameplay and has an unlimited supply.

WIS: This governance token has a fixed supply of 1 billion tokens. WIS is used for participating in DAO governance, unlocking premium features, upgrading NFTs, and subscribing to Newwit’s AI services. It also grants holders rights to staking rewards and revenue distribution from AI-based services.

WIS Token Distribution

WIS tokens are distributed as follows:

Ecosystem (46%): Allocated to attract user participation in prediction games and community contributions, distributed linearly over the coming years.
Strategic Partnerships (5%): Reserved for developing collaborations with other projects to enhance Newwit’s applications and AI models.
Initial and Future Teams (18%): Set aside to incentivize the development team, with vesting terms ensuring long-term commitment.
Early Investors and Private Sale (20%): Distributed to early investors to support the project's scaling and development.
Public Sale (3%): Sold in a public sale to raise funds, increase liquidity, and promote the platform.
Treasury (8%): Reserved for various purposes supporting Newwit’s development and growth, and to maintain token price stability.

Roadmap

Newwit has a clear roadmap to achieve its goals and transform the prediction landscape:

• Idea Formation and Team Assembly (April 2021 – June 2021): Initial brainstorming and team formation, securing angel investor funding.
• Platform Development (June 2021 – Q2 2022): Development of the game and Social-Fi platform, and creation of smart contracts for crypto tokens.
• Public Beta and Airdrop (Q4 2023): Launching the first public beta of the Newwit app on App Store and Play Store, allowing users to experience the platform and participate in prediction games.
• NFT Marketplace and Token Listing (2024): Official listing of Newwit tokens on crypto exchanges and the launch of the NFT marketplace, where players can trade their Prophet characters.

Conclusion

Newwit has the potential to revolutionize the way we predict the future by integrating the power of blockchain and AI. By rewarding users for accurate predictions and valuable contributions, Newwit creates a transparent and monetized ecosystem. With its innovative features, robust tokenomics model, and clear roadmap, Newwit is poised to redefine how we forecast future events and benefit from prediction capabilities.

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*Disclaimer:

This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.