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Analyst NFTs are utility NFTs designed to validate prediction market outcomes on FORE Predict.
A decentralized network of validators (or ‘Analysts’) perform the role of oracle by uploading the results from real-world events to the protocol. They act as the market's 'architects' and are responsible for verifying that a given outcome is accurate, and ensuring that all payouts are correctly executed. In order for a user to validate the outcome of a market, the user must hold or mint an Analyst NFT. To validate a market, the Analyst will ‘vote’ their NFT on an outcome.
Analysts are rewarded in proportion to the power provided within their respective NFTs, and rewards are provided in the form of additional power. Additional power cannot be bought, it can only be earned. Additional power can be withdrawn in the form of FORE tokens (which will reduce the power). Penalties for inaccurate validations also exist asymmetrically: if the analyst makes an incorrect verification, their NFT is burned and all the accumulated FORE is released and divided between the dispute creator and high guard as a negative incentive for faulty validation.
Analyst NFTs are designed to be put to work: the value of your NFT increases with every successful validation. When a user has a string of consecutively successful validations, their NFT advances to a new card, which in turn increases the user's locked FORE, percentage share of the market, and earning potential.
Becoming a validator can be a lucrative venture on FORE, but how do you earn maximum rewards from it?
Over the course of the next ten days, we’ll be teaching you:
The owner of the Analyst NFT with the highest power by 23:59 Friday 24th March will win a FORCE NFT.
Stay tuned this week for top tips, deep dives, and more!
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