Market Forecast Platform Veil Announced Closing

Cryptocurrency platform for forecasting Veil markets, based on the Augur, 0x and Ethereum protocols, announced the closure.

“We believe that cryptocurrency and decentralized Internet will have a profound impact on our future. But today the user community is small, and we believe that there are higher-impact products and services that we can create, ”said start-up co-founder of the startup Paul Fletcher-Hill.

Bidding will be stopped on July 24, and a ban on the creation of new auctions and forecasts has already been introduced. The source code of the project will be made open and laid out on GitHub, so that third-party developers may well run an analog platform for market forecasting. Recall that the launch of the platform Veil took place in January of this year.

“We tried to do too much. Forecasting markets is a generalized form of rates, derivatives, insurance, and more. For users, it would be better to have more detailed versions of such rates, rather than a generalized form, ”Fletcher Hill noted.