blog post<\/span><\/a> on Thursday, the Las Vegas-based BlitzPredict \u2013 which completed an initial coin offering (ICO) in March 2018 for its ERC-20-compliant XBP token \u2013 told its readers that integrating with Augur and 0x bolsters their ability \u201cto offer betting at the speed of traditional systems along with the security blockchain technology provides.\u201d<\/span><\/p>\nFor those unaware, Augur represents an open, global protocol that allows users to create their own prediction markets based on real-world events. As for 0x, it exists as a permissionless protocol that provides the underlying infrastructure necessary for the creation of decentralized exchanges.<\/span><\/p>\nIn explaining the functionality of the BlitzPredict Exchange, Thursday\u2019s blog post explained it is very much \u201csimilar to how a stock market order book features buy and sell orders,\u201d that is, that the BlitzPredict Exchange \u201callows for users to either post a bet they would like to make\u2026or take the other side of an already posted bet.\u201d<\/span><\/p>\n\u201cWhenever two people want opposite sides of a bit,\u201d the announcement went on to explain, \u201ceach person\u2019s ETH (the native token of Ethereum) goes into the Augur smart contract, and the bettors receive tokenized ERC-20 shares representing their selected outcome in the event.\u201d This tokenization mechanism ensures the bettor\u2019s share is immediately liquid, as it allows for trading prior to, during, and after the event. <\/span><\/p>\n\nOur focus is on building global liquidity pools in sports, esports, and politics while helping blockchain technology reach the mainstream.\u201d \u2013 Brett Richey (CEO, BlitzPredict)<\/i><\/span><\/p>\n<\/blockquote>\nThere is certainly no shortage of functionality coming down the pipeline for BlitzPredict\u2019s new self-titled exchange. Upon its mainnet launch \u2013 which the team aims to have ready prior to the release of Augur v2.0 \u2013 a number of features will be made available, including a \u201cportal for Augur reporters, the ability to trade purchased shares, the ability to claim winnings, and the ability for users to create markets,\u201d Thursday\u2019s blog post stated.<\/span><\/p>\nBlitzPredict have a number of plans with regards to XBP\u2019s use case moving forward, too. These pertain mostly to the introduction of various burning- and staking-based mechanisms, one of which will come via a so-called \u2018tournaments\u2019 feature. Anticipated to launch later this year, tournaments \u201cwill require users to stake XBP in order to gain entry.\u201d<\/span><\/p>\n