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FORE Predict is the first of its kind: a truly decentralized predictions platform powered by people. You make the prediction markets, you participate in markets against each other, and you validate the markets too.
The creation of this entirely people-powered ecosystem creates several new revenue streams for users beyond the traditional means of predictions. Typically, a user can only profit in a predictions ecosystem with a correct prediction on an outcome. This comes with risk, as no one is guaranteed to win. On FORE Predict, on the other hand, even the risk-averse can participate in (and profit from) predictions - in ways not previously possible.
Creators can create prediction markets on any topic, and earn 0.5% of the total market size. Analysts can validate the market outcomes, and earn a share of 2% of the total market size.
Take the recent Ripple ruling as an example. While a much anticipated event within the crypto space, with millions of people with a vested interest, we could find no live prediction markets on this industry-shaping outcome.
On FORE Predict, however, a user could create the following market:
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On FORE Predict, odds are market-determined by user participation. In this FORE-created example, any player who took a position on YES would have done incredibly well from this market with 9/1 odds: if a player put just 10,000 FORE on yes, they would have won 90,000 FORE. However, anyone who took a position on NO would have come away with nothing. The real winners here might be the architects of the ecosystem: those who never risked their funds at all.
The Creator of the market (who paid a 10 FORE creation fee) would earn 7,500 FORE for creating a market, regardless of the outcome. Meanwhile, the Analysts would earn a share of 30,000 FORE, simply for confirming the result of the market.
We can’t use a live version of this market elsewhere, because this market doesn’t exist on other prediction markets - despite the huge interest in the outcome. FORE Predict will, for the first time, enable users to not only create prediction markets on any real world event, but profit off them too.
FORE Predict mainnet will be live following the completion of our audit. FORE token is available for trading on MEXC, Uniswap and RocketX.
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