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FORE Predict is the first of its kind: a truly decentralized peer-to-peer predictions ecosystem powered by people. People create prediction markets, determine market odds, participate in markets against each other, and validate market outcomes themselves. Whether popular events in sports, esports, current affairs, or crypto, to incredibly niche and granular events like Discord rankings, flight delays, or whether Donald Trump will go to jail, you can find (or create) it all on FORE.
FORE’s self-regulating and self-sustaining ecosystem creates a truly decentralized and democratic predictions ecosystem where the house doesn’t win - the users do. To facilitate a truly decentralized ecosystem, the blockchain(s) on which the protocol is built is of critical importance. FORE is excited to announce that FORE Predict’s mainnet will initially launch on the Arbitrum network, a prominent scaling solution for Ethereum. This strategic move to Arbitrum will offer low fees and high speeds of transactions on the platform without compromising security or decentralization. Meanwhile, Arbitrum has demonstrated remarkable performance in recent months, surpassing Ethereum in daily transactions on multiple occasions. By joining the Arbitrum ecosystem, FORE gains access to a rapidly expanding network of users.
At FORE’s Token Generation Event (TGE), FORE will be minted on both the ETH and Arbitrum networks. FORE was built to be chain-agnostic: with three chains already integrated before launch and many more to come, FORE’s long-term vision is to facilitate peer-to-peer, cross-chain prediction markets for a truly chain-agnostic experience.
As an incentive-driven protocol built to reward users for productive activity, it is critical that FORE minimizes user costs in order to prevent unnecessary fees from eating into user profits. In launching on Arbitrum, FORE Predict will be able to offer incredibly low gas fees alongside the low platform fees it already offers. This allows players to seamlessly participate in markets against each other, with incredibly low fees, market-determined odds, and trustless payouts. Furthermore, platform fees are redistributed to users for productive activity on the platform: Creators create prediction markets and earn 0.5% of the total market size, and Analysts validate market outcomes to earn a share of 2% of the total market size.
The high speed of transactions on Arbitrum will be important in enabling scalable user growth and platform volume while facilitating FORE’s hyper-deflationary tokenomics. FORE’s supply is inversely correlated with activity on the platform: as activity increases, supply reduces. The protocol features several deflationary mechanisms (including burning all FORE locked into NFTs and 1% of every market), reducing the total supply with every transaction to ensure that FORE’s utility token remains strictly deflationary.
“By leveraging Arbitrum's scalability, speed, and cost-efficiency on mainnet launch, we can provide our users with a seamless and secure experience, while enabling them to create, participate in, and validate prediction markets in real-time. The trust and reliability of the Arbitrum network align with our mission to empower individuals and create a decentralized, self-sustaining, and people-powered predictions ecosystem."
Timothea Horwell, Co-Founder
FORE’s public sale whitelist is now open until June 19th. Once whitelisted, you have 48 hours to complete the KYC process. Then, our public round will be live for whitelisted + KYC'ed wallets on a first-come, first-serve basis. Sign up below to be whitelisted!
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