FORE Predicts Brings Decentralized Validation To Prediction Markets
FORE
Protocol has introduced FORE Predict, a decentralized prediction platform set
to launch on November 30 at 12 pm UTC. Unlike traditional prediction markets,
FORE Predict is 'people-powered,' leveraging crowd wisdom for forecasting and
validating events. The platform provides users with control over all aspects of
a prediction market, including creation, determining odds, and validating
results. This user-driven ecosystem is supported by a revenue-share model,
fostering transparency and value generation. FORE Predict, built on the FORE
Protocol web3 platform, allows global users to create markets and forecast
outcomes across various events, from sports and politics to financial markets.
The platform employs decentralized validation through user-created markets and
independent validators, ensuring accuracy and transparency. FORE further
solidifies its commitment to decentralization through partnerships with UMA
Optimistic Oracle and PAAL AI. FORE Predict's unique fee redistribution model,
taking only a 1.5% fee with 50% redistributed to users, aims to capture market
share. The platform operates with the FORE token, trading at around 3.5x the
ICO price. The launch is anticipated to attract thousands of users, marking a
significant step in providing a reliable and impartial arbiter of truth amid
widespread misinformation.
More Information : https://www.techdogs.com/tech-news/pr-newswire/fore-predicts-brings-decentralized-validation-to-prediction-markets
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