IG Price Today
IGT price today is $0.000001966484 with a 24-hour trading volume of ?. It has a circulating supply of 3.5 Billion IG coins and a total supply of 10 Billion.
What was the highest price for IGT?
IGT hit an all time high of $0.000723326129 on Sep 01, 2018 (almost 4 years).
What was the lowest price for IGT?
IGT had an all time low of $0.000000391133 on May 24, 2022 (3 months).
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 (i) by IGNITE users to pay for a certain prediction through IGNITE and (ii) 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.
When a Market matures, meaning the market Event transpires in the real world, IGNITE determines the winning outcome based on the Oracle of the Event. There is no payment of any form (whether in Fiat or IGT tokens) between the buyers and sellers with respect to the purchase and sale of the “outcome shares”.