Released on: 31, December 1969
, Author: Miiko Mentz
, Audience: Internet related
PALM DESERT, Calif. Jan. 28, 2008 DEMO 08 Hubdub(www.hubdub.com) is introducing a new technology platform and community thatcombines the value of user-generated news aggregation with the accuracy andexcitement of prediction markets at DEMO 08.
Hubdub is one of only 77 companies handpicked to launch its new technology at DEMO08, which takes place in Palm Desert, CA, January 28 30, 2008.
Unlike Digg or Reddit, Hubdub tracks only the stories that people decide are worthcreating a market around. To create a market, someone simply asks a question, forexample, Will Barack Obama secure the Democratic Presidential nomination? Theyrequest either a yes or no answer or offer a multiple choice scenario, thendetermine the duration of trading.
Other community members can wager Hubdub dollars (H$) to compete on predictions everyone starts with H$1,000. As market creators and predictors build a successfulportfolio, they can establish credibility to leverage within their industry or areaof expertise. Successful predictors make the leaderboard in topics such asTechnology, Politics and Sports, which they can link back to their blogs, sites orprofiles on social networks.
Markets allow people to see how opinion on any question evolves and changes overtime, similar to the historical views on favorite financial trading sites.
For each market, Hubdub automatically populates the trading page with aggregatednews from across the Web to provide background and insight for predictors andbystanders. Depending on activity, the market, representing opinion, will trade upor down.
At the very least, Hubdub helps people discover, track and discuss all major newsstories and offers to challenge, excite, and reward them through competitiveprediction of story outcomes. It also promotes and facilitates intelligent usercomments and intense debates. In addition, markets can be embedded in blogs,allowing bloggers to highlight news stories, issues and outcomes they care aboutwithin their own communities.
Each DEMO conference features approximately 70 new companies, products andtechnologies. For more information, visit www.demo.com.
About Hubdub Founded in November 2007 by Nigel Eccles, Tom Griffiths, Rob Jones and ChrisStafford, Hubdub is headquartered in Edinburgh, UK. For more information visitwww.hubdub.com.
Press Contacts:FutureWorks, Inc.Miiko Mentz 408-858-7216miiko@future-wor ks.com
Source: Express-Press-Release.com
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