Bodhi
Bodhi
Token: BOT


Next Generation Decentralized Prediction Market

ICO dates
Start date:
End date:

Registrated in: Undefined

PREMIUM ICO

Bodhi categories
Platform
Bodhi whitepaper
Video
Bodhi token sale
KYC passing required No | Whitelist No | Restriction for countries No
Token distribution in ICO
60%
60%
Bodhi news, social
Bodhi search trends in Google
Random whitepaper excerpts

NOTICE
NOTHING IN THIS WHITEPAPER CONSTITUTES LEGAL, FINANCIAL, BUSINESS
OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL,
TAX OR OTHER PROFESSIONAL ADVISER BEFORE ENGAGING IN ANY ACTIVITY IN
CONNECTION HEREWITH. NEITHER BODHI FOUNDATION LTD. (THE FOUNDATION),
ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON THE BODHI
PLATFORM OR PROJECT IN ANY WAY WHATSOEVER (THE BODHI TEAM) NOR ANY
THIRD PARTY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT
OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CON-
NECTION WITH ACCESSING THIS WHITEPAPER, MATERIALS PRODUCED BY THE
FOUNDATION, OR ACCESSING THE WEBSITE AT HTTPS://WWW.BODHI.NETWORK/
OR ANY OTHER MATERIALS PUBLISHED BY THE FOUNDATION.
All contributions will be applied towards the Foundation’s objects, including without limitation
promoting and supporting research, design and development of, and advocacy for decentralised
cryptographic or blockchain solutions to build transparent, free and reliable predic...

as to the accuracy or completeness of such information and no representation, warranty or
undertaking is or purported to be provided as to the accuracy or completeness of such information.
This Whitepaper does not constitute any offer by the Foundation or the Bodhi team to sell any
BOT (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis
of, or be relied upon in connection with, any contract or investment decision. Nothing contained
in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to
the future performance of the platform. The agreement between the Foundation (or its affiliate)
and you, in relation to any sale and purchase of BOT is to be governed by only the separate
terms and conditions of such agreement.
The Foundation and the Bodhi team do not and do not purport to make, and hereby disclaims,
all representations, warranties or undertaking to any entity or person. Prospective purchasers of
BOT should carefully con...

or resident of the People’s Republic of China.
The agreement for purchase and sale of BOT shall be governed by a separate Token Purchase
Agreement with the terms and conditions of such agreement (the Token Purchase Agreement),
which shall be made available at https://www.bodhi.network/ prior to the sale of any BOT. In
the event of any inconsistencies between the Token Purchase Agreement and this Whitepaper,
the Token Purchase Agreement shall prevail.
All statements contained in this Whitepaper, statements made in press releases or in any place
accessible by the public and oral statements that may be made by the Foundation and/or the
Bodhi team may constitute forward looking statements (including statements regarding intent,
belief or current expectations with respect to market conditions, business strategy and plans,
financial condition, specific provisions and risk management practices). You are cautioned not
to place undue reliance on these forward looking statements given that these statements invo...

Abstract
In this paper, we introduce Bodhi, the next generation blockchain based platform that decentralizes
the prediction market. Bodhi leverages the advantages of the state-of-the-art decentralized prediction
markets by integrating third-party Oracles and voting based decentralized Oracles via its Oracle ab-
straction layer. We intend to develop a novel replaceable Oracle framework where the prediction market
is more effective and autonomous. Bodhi will be deployed on Qtum at the initial launch.
Keywords
Bodhi, Prediction Market, Smart Contract, Qtum, Ethereum
I. I
NTRODUCTION
Humanity has developed strong interests towards understanding history and predicting the
future. What will the weather be like tomorrow? Which soccer team will win the UEFA European
Championship later this year? Is Apple stock going below 100 USD per share on the first weekday
of next year? People attempt to predict the results of simple yet non-trivial questions. The desire
to predict what happens next has ...

redistributed upon the realization of outcomes of an event in which all parties participated.
The fortune redistribution follows a simple yet powerful rule, that the fortune flows from less
skillful and inaccurate participants to more skillful and accurate participants. In order to succeed
in the prediction, participants aggressively gather information, and apply mathematical modeling
to maximize the chance of prediction accurately. Statistically, the price associated with each
outcome has high positive correlation with each outcome. Meanwhile, the accuracy of the
prediction is largely determined by the number of participants. Starting from the very beginning of
information revolution, people has been devoted to making online prediction markets to minimize
the onboarding barrier for participating in prediction. However, centralized online products have
yet to earn people’s trust while excessive regulation and legal restrictions also greatly limits the
development of the prediction market.
With the delu...

II. R
ELATED
W
ORK
Augur [2] is a blockchain based decentralized prediction market. A user can create a prediction
event using Ethereum’s [3] smart contract, followed by other users’ predicting and pricing the
probability of each outcome through native tokens. When the event eventually happens, Augur
REP holders report to Augur the right prediction result. The REP holders are the building
blocks of Augur platform, where these holders maintain the platform and constitute the ar-
bitration mechanism. However, as the Augur platform scales, a fully decentralized arbitration
mechanism becomes less efficient. When a large group of prediction events have been created,
it is increasingly challenging for REP holders to vote for all events. REP holders might also
have different domain expertise and have been exposed to events at different comfort levels.
The matchmaking process between an event and event-specific expertise has yet to be improved.
Moreover, problems such as high time-cost...

the decision making process. Different from Gnosis’ centralized Oracle solution, Bodhi enables
BOT holders to take over the voting process and make the final decision of a prediction event
in the event of Oracle failure.
III. B
ODHI
O
VERVIEW
Bodhi, the next generation blockchain based prediction market, leverages the advantages of
the state-of-the-art decentralized prediction markets by integrating third-party Oracles and voting
based decentralized Oracles via its Oracle abstraction layer. We introduce a novel replaceable
Oracle framework so that the prediction market is more effective and autonomous.
Bodhi will first be deployed on the Qtum [5]. As more users around the world are accessing
the Internet from mobile devices rather than from desktop computers, mobile computing will
be increasingly important to prediction markets. Qtum combines the advantages of Bitcoin and
Ethereum to provide better user experience on mobile devices. Event forecast is very time-
sensitive m...

Block Number
Time
Block Time
3000000 2017-01-16 00:38:33 14.86
3500000 2017-04-11 18:09:34 15.27
4000000 2017-08-15 18:20:24 30.01
4500000 2018-11-03 05:55:48 136.71
5000000 2025-10-02 11:47:30 835.81
5500000 2128-03-20 09:14:16 17183.83
6000000 5189-09-26 20:57:59 520901.19
Table I
T
HE EFFECTIVENESS OF
D
IFFICULTY
B
OMB AFFECTS
B
LOCK
T
IME
Bodhi uses third-party Oracle to automatically judge prediction results to guarantee the effi-
ciency of the decision-making process. BOT holders can take over the voting process and make
the final decision for a prediction event if Oracle fails. Algorithm 1 shows how Bodhi works.
As you can see, Bodhi’s Oracle is replaceable. If consensus cannot be obtained through
arbitration, users can continue to make deposits to request the next iteration of arbitration. As
the number of rounds increases, more token deposits get accumulated and BOT holders are
...

Bodhi Roadmap

1
June 2017
Announcing the Bodhi prediction market
2
December 2017
Deploy Bodhi prediction market beta version onto Qtum testnet
3
June 2018
Deploy Bodhi prediction market MVP version onto Qtum main network
4
December 2018
Deploy Bodhi prediction market production version onto Qtum main network
5
June 2019
Deploy Bodhi prediction market optimization version onto Qtum main network
Xiahong Lin
Xiahong Lin Project Lead & Founder

Frank Hu
Frank Hu Tech Lead

Li Li
Li Li Design Lead

Deric Walintukan
Deric Walintukan Smart Contract Developer

Jane Wu
Jane Wu VP Marketing

Cecilia Li
Cecilia Li Business Development

Sai Zhang
Sai Zhang Digital Marketing Manager

Samuel Suh
Samuel Suh Consultant

Jack Lam
Jack Lam Community Manager

Patrick Dai
Advisors Patrick Dai

Weixing Chen
Advisors Weixing Chen

Chandler Guo
Advisors Chandler Guo

Chandler Guo
Chandler Guo
Strategy Advisory
Angel investor
Strategic Adviser
Advisor
Consultant
chief Advisor
Patrick Dai
Patrick Dai
Co-Founder
Founder of QTUM Blockchain
Investor and Project Advisor
Founder of Qtum
Xiahong Lin
Xiahong Lin
Project Lead & Founder
Founder of Bodhi