A new chain is coming to FORE

The world of blockchain is agile and ever-evolving, and FORE Protocol is too. As a people-powered ecosystem, we have received valuable feedback during our testnet period that has helped us make important decisions about the future of our platform. One of the most frequent areas of feedback pertains to the slower transaction speeds as of late, which is why we have made the decision to build and launch on a new blockchain for increased speed and lower transaction costs. More details will be released on the new chain itself soon.

Thus, the decision to launch on a new blockchain was not made lightly, but with the intention to build the best predictions platform we possibly can. Speed and cost are critical factors within any blockchain ecosystem, and especially when it comes to prediction markets. We don’t want a slow transaction to prevent someone being able to participate in a last-minute market. And as a protocol built to reward its users, we certainly don’t want high transaction fees to eat into users’ profits and rewards. By building on a new blockchain, we can reduce transaction costs and provide faster transaction speeds for our users.

While we will be launching solely on this new chain for mainnet launch itself, we have always planned to be chain-agnostic to accommodate users’ preferences and provide a predictions ecosystem where everyone can win. At the time of launch, we will have three chains already integrated (but not yet live), and we will be rolling out the deployment of new chains over time based on user demand. Our ultimate goal is to create cross-chain markets that are accessible to everyone, regardless of where they live or which blockchain they prefer to use.

To ensure the best possible experience for our users, we will continue to action your feedback relating to the platform itself in the meantime, prioritizing the claiming of rewards and NFTs, and ensuring a higher quality of markets created. We are committed to providing a platform that is not only fast and efficient, but also enjoyable and easy to use.

Once we have internally tested the latest blockchain, we will close testnet V1, track leaderboard activity, and assign hackathon rewards to wallet addresses for distribution around TGE. We will then release a second, shorter testnet phase for final testing ahead of mainnet launch later this quarter. This is your last chance to take part in this phase of our testnet, so don't miss out on this opportunity to earn part of a bounty of 500,000 FORE!
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