Microtick

The Microtick project is a new mechanism for decentralized price discovery and trading. Its vision is to create a trading system more suited for blockchain usage where blocks come at discrete, relatively infrequent and sometimes unpredictable times, and then build upon that vision to create a new trading paradigm that not only works better on, but promotes decentralized trading over the legacy centralized paradigm.

Microtick's core technology creates a market microstructure in which cooperative (assert / insure) quotes combine to replace traditional competitive (bid / ask) market orders, resulting in a more stable price discovery process - one that is less sensitive to price manipulation.

The Microtick project’s goal is to provide a globally agreed upon, real-time consensus price - without requiring direct financial coupling to any underlying asset. The project is built on decentralized blockchain technology and the game-theoretical foundation of Schelling points.

Microtick's cooperative price discovery uses short-term "assert / insure" premium quotes that work together to bring improved consensus price stability as market makers compete to offer the lowest premiums to buyers on future price movement. It works well alongside traditional competitive price discovery such as order books or AMMs - as a liquidity engine due to arbitrage opportunities that come up during times of high market volatility. But Microtick's price discovery is decentralized and decoupled from trading - anyone can make a price assertion or take a position.

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Unlike today's so-called decentralized oracles that try to create incentives based on reputation, or slashing conditions based on time epochs and statistics, Microtick is a real-time free-running, fully-tradeable marketplace with rolling time windows and linear payouts - derived solely from price movement. In addition, it will be able to operate across multiple chains in its fully realized form.