Earn rewards on FORE as an ANALYST

Up to date with the results of your favorite team, but too risk-averse to take a position? Earn rewards for simply confirming the outcome of a market on FORE Predict.

FORE Predict is a decentralized prediction market platform, allowing participants to create and engage in prediction markets on a variety of topics, from sports to politics, weather, and more. One important role within the FORE ecosystem is that of a validator (also known as an analyst), responsible for contributing to the trustless and transparent market resolution process. They play a critical role in ensuring the accurate and fair outcomes of prediction markets by validating and confirming market results. This is crucial for maintaining the integrity of the platform and its participants.

Analysts on FORE Predict participate in market resolution by confirming market outcomes, contributing to a decentralized and trustless environment. For their contribution, they are rewarded with 2% of the total market size, ensuring that analysts have an incentive for correct validation.

In order for a user to verify the outcome of a market, users must mint an Analyst NFT to vote and verify market outcomes. The NFT is locked until rewards are given. To further encourage consistent performance and accuracy, analysts can level up their earning power with multiple consecutive successful validations. The user's verification power is determined by the value of the NFT power and is limited by the value of the required power for the market validation. This system creates a competitive environment for validators, promoting a continued focus on the accuracy and integrity of the markets.

The validation process in FORE involves multiple steps designed to ensure the accuracy of market outcomes:

1. A market creator initiates a market with a particular outcome.
2. Market players  engage with the market, placing their bets or predictions.
3. Analysts then review and analyze the result to confirm its accuracy.

If the majority of analysts agree with the market creator's initial resolution, the outcome is confirmed, and rewards distributed accordingly. In the case of a disagreement, the validation process may be repeated until a consensus is reached. Analysts must have a strong understanding of the markets they validate in order to ensure the best possible outcomes and a seamless user experience.

LEARN HOW TO MAXIMIZE YOUR EARNINGS AS A VALIDATOR:
Build a strong reputation: Your reputation as an analyst is based on your ability to validate market outcomes accurately. To maximize your earnings, you need to build a strong reputation by consistently providing accurate validation. The higher your trust score, the greater the rewards you receive.
Stay informed: FORE creates markets for any real-world event, so staying informed about current events is essential to your success as an analyst. This will enable you to make informed decisions when validating market outcomes.
Be prompt: Time is of the essence when it comes to validating market outcomes. Markets close upon full validation, making timeliness crucial. As an analyst, it's essential to validate markets promptly to maintain the stability of the protocol, ensure efficient payouts, and prevent markets from becoming invalid.
Only Validate Valid Markets: Not all markets are created equally. Some markets may have ambiguous market titles, subjective results, or incorrect prediction or validation times. Validating a poorly created or invalid market that is doomed for Dispute will result in your NFT being held for longer in a Dispute phase.
Be Aware of Validation Requirements: Know what is required to bring a validation to completion. Don't waste a high-powered NFT on a low-powered market. Having a portfolio of NFTs with a varying degree of power is important to maximize your earning potential.
Power Up or Claim Rewards: You can decide whether to power up or claim your FORE rewards immediately. Powering up can compound your rewards and increase the value (and earning potential) of your NFT, as  higher-powered NFTs receive a greater share of the reward pool. Additionally, upgrading your NFT will add a multiplier effect to increase your earning potential further.
Regularly Check Your NFT Portfolio: Look at the NFT tab within your Portfolio to see if you've met the required number of validations to upgrade tiers.

TOP TIP: Become an early validator on day one, as we'll be updating the validation tiers shortly after launch.

Click here to know more: https://foreprotocol.io/post/analyst-tips

By following these guidelines and being committed to the role, you can become the ultimate validator on FORE, contributing to the platform's success and earning rewards in the process. To learn more about the analyst role on FORE Predict or how to get started with validating the market outcome, visit the following resources: ‍

FORE Protocol official website
FORE Protocol documentation
Validating a Market on FORE Predict

FORE Protocol, and FORE Predict, is powered by FORE token. FORE token is available for trading on MEXC, Uniswap and RocketX. FORE Predict mainnet will be live following the completion of our security audit.