What Is a Naka Bodhi Token (NBOT)?

Naka Bodhi (NBOT) is a cryptocurrency chain that aims to provide Bodhi prediction market services to users. This Bodhi prediction market seeks to allow users to predict the outcome of events occurring in the blockchain industry. Further, NBOT (NBOT) is a native cryptocurrency that operates on the Ethereum platform and supports the prediction market system. Naka Bodhi (NBOT) strives to create a decentralized, credible, autonomous, and scalable prediction market that aims to facilitate the use of prediction markets worldwide to enhance the decision-making process.

Users are interested to know various predictions like weather information, any game event, and more. However, the fairness of the centralized prediction system and high cost act as a challenge when voting for any event when several prediction events take place simultaneously. Moreover, users also encountered various issues such as time-consuming processes, low efficiency, failures of the servers, and malicious tampering with data within the chain in the prediction process. Naka Bodhi Token (NBOT) is the utility tokenof the Naka (NBOT) platform.

Naka Bodhi (NBOT) seeks to decentralize the prediction market by utilizing blockchaintechnology to overcome the aforementioned disadvantages. The platform utilizes third-party oracle (software) to automatically judge predictions to seek to ensure the decision-making process's efficiency. Users collect the information and use mathematical calculations to stand out with accurate predictions. Further, using oracle, smart contracts can be executed based on real-world inputs and outputs, similar to how they would be executed if they were executed in the real world. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.

The Bodhi Token (BOT) is the older version of the native token for the Bodhi chain. Version 2.0 of the Naka Bodhi platform is now known as the Naka Bodhi Token (NBOT). This is because Naka Bodhi previously supported two types of tokens: BOT and BOE. Naka Bodhi Token (NBOT) is an advanced token used for prediction and arbitration. It is also the combined version of BOT and BOE. This token reduces the problem of having multiple tokens for one product. Naka Bodhi (NBOT) enables token holders to take over the voting process and make the final decision of a prediction event in the event of Oracle failure. The goal of Naka Bodhi (NBOT) is to create a free-to-participate, low-cost prediction market. A token holder can vote for the arbitral results for contested prediction events and receive rewards accordingly. As a service fee, Naka Bodhi (NBOT) platform uses NBOT (NBOT) as a transaction and service fee. 

History of theToken NBOT (NBOT)

The maximum total supply of the Naka Bodhi Token (NBOT) is 100,000,000 NBOT.