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As the first people-powered predictions ecosystem, FORE Predict provides users a number of ways to earn lucrative rewards beyond traditional prediction markets. In just a matter of weeks, your FORE will have full utility on the protocol: allowing you to put your FORE to work.
To start earning FORE, you just need FORE. We've built a sustainable fee-redistribution model that incentivizes you for simple activities such as market creation and validation, ensuring you earn FORE while contributing to the growth of the protocol.
There are three main ways in which you can earn FORE:
- You can earn 0.5% of the total market size by creating unique markets
- You can earn limitless rewards as a player by taking a correct position in a market
- And you can earn up to 2% of each market through simply validating market results
Ahead of launch, learn how to optimize your earning strategy below.
CREATOR
Market creators have the ability to create their own prediction markets, and they are rewarded with 0.5% of the total market payout. To ensure that you are able to maximize your rewards as a market creator, here are a few tips:
Create Compelling Markets: As a market creator, your main goal should be to create unique and compelling prediction markets that will attract a large number of participants. The more participants your market has, the higher your earnings will be. Make sure your market is relevant and interesting to your target audience.
Market Your Market: To attract participants to your market, you need to actively promote it. Use social media, email marketing, and other channels to spread the word about your market. The more you market your market, the more participants you will attract.
Shorter Range of Results and Reliable Sources: Consider creating markets with a shorter range of results, which can help you earn faster. It's also important to ensure that your markets are clear and have a reliable source of results to avoid any disputes or invalid markets.
Liquidity and Market Positioning: As a creator, providing initial liquidity is optional but you also have the option to take a position in your own market, which can help increase liquidity and attract more participants.
Market Structure: In FORE’s first iteration, it’s crucial to ensure that your market outcome is answerable by a simple yes or no, which makes it easier for participants to understand and reduces the potential for disputes. To cater to user demand, FORE has designed a variety of market structures to be deployed after mainnet launch, including (but not limited to) categorical, ordered, floating point, and parlay markets.
Stay Active: To maximize your earnings as a market creator, you should stay active on the platform. This means creating new markets, participating in existing markets, and engaging with other users. The more active you are, the more opportunities you will have to earn. Creating multiple markets can earn you a place on the leaderboard, which comes with unique rewards.
Stay Informed: Finally, it is important to stay informed about the latest trends and developments in the world of prediction markets. This will help you to create markets on trending events, as topical markets will likely result in greater rewards due to higher traffic, volume, and liquidity.
Learn more here.
PLAYER
Players participate in markets against each other and enjoy zero counterparty risk, market-determined odds, incredibly low fees, and transparent and trustless market resolution. As a player, your main goal is to earn a profit by making accurate predictions. To maximize your rewards as a player, there are several strategies you can implement:
Review markets: Before taking a position in any market, carefully review the market and make sure that it is ‘valid’ to avoid any potential disputes. Valid markets include a clear market title, timeframes, and dates. Additionally, the market prompt should be written in a way that elicits a “yes or no” answer and is not ambiguous.
Participate in Markets with Higher Liquidity: Consider participating in markets with higher liquidity as they typically offer more profit potential.
Participate in multiple markets: Take advantage of the platform's diverse prediction options from NFT prices to flight delays, crypto volatility even to the next viral meme. Participating in multiple markets can help diversify your portfolio and mitigate risk. Additionally, understanding the timing of the markets, including market close times, can be used to your advantage, enabling you to receive your rewards quickly and efficiently.
Understand validation times: Keep an eye on the “validation start time” of markets you will take part in, as holding onto a position to a market that will begin validation in a distant future will result in your tokens being locked up for an extended period of time.
Take advantage of arbitrage opportunities: It's also important to keep an eye out for arbitrage opportunities, as all outcomes start with equal probability. Early adopters and arbitrageurs can use market inefficiencies to their advantage, but this opportunity will decrease over time as more participants join the market. Keep an eye out for arbitrage opportunities within FORE and between FORE and other platforms to maximize.
Do Your Research: It's important to stay up-to-date on current events and market trends. This will help you understand the potential outcomes for your prediction, as well as how you can use this information to make accurate predictions. Understanding market trends is also key to maximizing your earnings on FORE Predict.
Sign up now to claim your 25% welcome bonus on your first market on FORE.
ANALYST
As an analyst, your role is crucial in maintaining the accuracy and reliability of the platform. 2% of the total market size is distributed among accurate validators based on your Power: which can be increased via multiple consecutive validations. Here are some tips on how you can maximize your rewards as an analyst:
Increase your NFT power / tiers: Your validator as an analyst is based on your ability to validate market outcomes accurately. To maximize your earnings, you need to increase your NFT power/tiers 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.
Capitalize on campaigns: For the first 45 days following mainnet launch, FORE has reduced the number of validations required to level up your NFT tiers to the following: 5 validations to Silver, 15 validations to Gold, and 25 validations to Black. After the initial launch period, we will increase the number of validations required to level up your NFT. As such, day one Analysts will be able to level up their NFT much faster, unlocking far greater reward multipliers.
Learn more here.
Sign up now to claim your 25% welcome bonus on your first market on FORE.
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