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1/ $POLK, https://www.polkamarkets.com/ ,( @polkamarkets)
Time to write my first ever thread on a project which I think will be a game-changer in the DeFi space.A project which I am very bullish on.Polkamarkets is a DeFi powered prediction prediction market.
Time to write my first ever thread on a project which I think will be a game-changer in the DeFi space.A project which I am very bullish on.Polkamarkets is a DeFi powered prediction prediction market.
2/ Polkamarkets is a prediction market built for cross-chain information exchange and trading where users can take positions on outcomes of real world events in a decentralized and interoperable platform based in Polkadot.
3/ They aim to solve the low usage & volume problems by incentivizing liquidity providers and traders to facilitate and take large positions, while a system for curation and resolution ensures efficient and trustworthy markets.
4/ The platform will also leverage tried and tested DeFi incentives such as liquidity mining and yield farming to incentivize daily active use.
5/ Polkamarkets will offer sports and e-sports daily markets with live feeds of events alongside forecasting.Users will be able to watch their favorite teams play, while making live in-play forecasts about the games outcome.
6/ Live odds and automated market makers will dynamically adjust odds based on users and forecasts on the markets.
7/ As trade outcome fractions, users will mine $POLK tokens that they can use later to open their own prediction markets on Polkamarkets.
8/ Daily crypto price markets and over/indeed will also be available with integrated real time price feeds and charts for traders and professional trading desks to hedge the market.
9/Politics and information markets, news aggregator will allow press and other media outlets to add links to news articles supporting either side of the trade.Forecasters can then make informed decisions about their trades and researchers can make informed
Decisions about the likelihood of a contentious real world event actually happening or not.
10/ Liquidity providers on Polkamarkets can mine $POLK tokens for providing liquidity and additionally earn trading fees generated by the platform.This way they are aligning incentives for both forecasters and LPs to come to Polkamarkets to make forecasts,
Provide liquidity and earn rewards.
11/ With Polkamarkets, users can take positions in e-sports, crypto futures, sports, politics and other market types.
12/ Polkamarkets is a financial and informational marketplace where you can tokenize your knowledge and earn from forecasting.Users can monetize their forecasts of future outcomes and events within an interoperable and decentralized infrastructure.
In return for adding their forecasts to the collective knowledge of future, users will mine $POLK everytime they take positions on Polkamarkets.
13/ Buy & Sell fractions of event outcomes, or even create their own events where people can take their own positions. $POLK is required to create markets on Polkamarkets, as one of it’s key utilities and use-cases.
14/ Partnerships: @Kylin_Network
Strategic investors: @MoonrockCapital
@Morningstar_vc
@capital_spark
@astronautcap
@NGC_Ventures
Strategic investors: @MoonrockCapital
@Morningstar_vc
@capital_spark
@astronautcap
@NGC_Ventures
15/
Launch Date: TBC
Whitelist for IDO:Open
Launch Date: TBC
Whitelist for IDO:Open
16/
Medium: https://polkamarkets.medium.com/
Telegram: https://t.me/polkamarkets
Website: https://www.polkamarkets.com/
Medium: https://polkamarkets.medium.com/
Telegram: https://t.me/polkamarkets
Website: https://www.polkamarkets.com/
Very bullish on the launch of this project and excited to see how it performs and changes the DeFi space.
Inspired by : @0xRafi
Inspired by : @0xRafi
