Thanks for submitting your details!
You'll be the first to find out how to take part in FORE's public round.
Oops! Something went wrong while submitting the form.
As we approach FORE’s main net launch and TGE this quarter, learn how to maximize your earnings on the protocol and put your FORE to work - whether as a player, creator, or an analyst.
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 earnings 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 Markets: 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, including categorical, ordered, floating point, and parlay markets.
Participate in Other Markets: Participating in other markets can help you to gain a better understanding of how prediction markets work. It can also help you to build relationships with other users on the platform. By participating in other markets, you may also be able to identify trends and opportunities that you can capitalize on with your own markets.
Stay Active: To maximize your earnings as a market creator, you need to 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.
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 that are relevant and interesting to your target audience. It will also help you to stay ahead of the competition.
PLAYER
There are several key advantages to being a player on FORE Predict. First, the platform is built on a decentralized, peer-to-peer technology eliminating the presence of a house that traditionally always wins. This ensures a level playing field for all participants. Second, FORE’s tokenized approach offers numerous benefits such as increased liquidity, decentralized and diverse prediction options, and low fees. Additionally, the platform offers zero counterparty risk and transparent market resolution.
As a player, your main goal is to earn a profit by making accurate predictions. To maximize your earnings on FORE Predict, there are several strategies you can implement:
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.
Review markets: Before taking a position in any market, carefully review the market and make sure that it is a valid market to avoid any potential disputes.
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 and participate in multiple markets to diversify your portfolio and mitigate risk.
Keep an Eye on the Start Time of Validation: 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.
ANALYST
As an analyst, your role is crucial in maintaining the accuracy and reliability of the platform. Here are some tips on how you can maximize your earnings on FORE:
Build a strong reputation: Your validator 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.
Overall, maximizing your earnings on FORE requires a combination of creating engaging markets, attracting new players, taking advantage of the numerous benefits offered by the tokenized approach, and ensuring accurate validation as an analyst. By following these strategies, you can increase your earnings and contribute to the growth and success of the FORE Protocol.
FORE Protocol, and FORE Predict, is powered by FORE token. FORE token will be available for trading on MEXC. FORE Predict's main net will be live following the completion of our security audit.
If you’re interested in learning more or you’d like to read our in depth guides, join our newsletter.
