Historically, price discovery has been a result of observing trading activity. This contributed to a need for centralized exchange because the two processes were tightly coupled.
The Microtick project is attempting to change that by building a global network based on decentralized blockchain technology and the concept of Schelling points that will provide real-time price discovery without trading or settling into the underlying asset.
Your Incentive: As a market maker you can make money by providing accurate and real-time price estimates and keeping them updated.
Community Benefit: Help the global network achieve a more accurate price estimate by adding your token backing and unique information to the consensus estimates.
Action: Choose your asset, provide your best estimate for the current price and volatility and back it with token value. Maintain your quote with the latest information as price information changes.
Your Incentive: As a trader you can make money by identifying short-term trading or hedging opportunities and trading malicious, misplaced, or neglected data quotes off the market and collecting their token backing.
Community Benefit: Help the global network by removing stale market maker quotes and rapidly responding to inaccurate ones in order to lock in short-term profit.
Action: Monitor the network. Run a non-validator node. Build a trader bot and watch for stale or low priced quotes in order to profit from your market outlook as it plays out in real-time.
Your Incentive: As a Cosmos validator you make money by collecting the commissions market makers and traders pay for quotes and trades.
Community Benefit: Help the global network by contributing to Tendermint / Cosmos BFT consensus and providing Cosmos IBC data access to others in the Cosmos ecosystem.
Action: Run a secure validator on the Microtick zone. Profit from commissions as market makers and traders battle on price.
The consensus prices generated on the Microtick network will always be freely available for use by any Cosmos / Tendermint Dapp or any blockchain application with access to IBC.