Have you heard of ForePredict?
No, I am not talking about an impending golf ball coming in your direction.
No, it is something else, however it is at the forefront of its field.
Introducing Fore Protocol
Do you like to predict the outcome of events?
I know I often look at window and pick two water droplets. Which one will fall down to the bottom of the window first.
Droplet A will reach the bottom first. Yes or No?
Okay so I don't do that every day, I mean it doesn't rain in Scotland every day. So by default I can't do it everyday.
That was a bit extreme I know, but it introduces predictions...
So stay tuned for what is coming up. Actually this will be the first in a series of weekly articles exploring Fore Protocol.
Introduction to Fore Predict
FORE Protocol is a peer-to-peer predictions protocol. As the name suggests, we call it Fore Predict and it is all about $FORE.
This basically means create predictions markets. Then other users can participate,whilst certain users can validate these markets.
Q Sounds easy?
A Well it is!
Q Sounds fun?
A Well it is!
Q Can I earn I hear you say...
A Of course you can I say!
FORE Predict Markets
These markets that we are talking about are comprised of four primary roles:
1. Creators
Without creators there would be no markets. So creators as teh name suggests create new markets on the protocol. An example marker is shown below.
There we have an example of a Crypto prediction market. In this case, will Bitcoin reach $50000 by January 2024.
2. Players
Remember my drop example, the prediction is either a Yes or No. You can see that the token being used not surprisingly as we are on the Fore protocol is $FORE. A player decides if the outcome will be YES or if it will be NO.
3. Analysts
Some people might want to earn rewards without having to make a prediction.
If that is the case then being ananlyst is for them. Analysts perform the role of the oracle and validate the market results.
4. Dispute resolution roles
Sometimes there are disputes! Yes we would not be humans if we did not have disputes. Usually they arise due to a poorly designed market. For example if there is not a clearly stated reference source.
In the Fore Predict Markets it is the dispute creators and High Guard who ensure that the analysts are working correctly.
Where to find ForePredict
If you fancy 50 free FORE tokens to play around with then open up ForePredict Markets and away you go.
If you ever need help I am always around.
As you might expect Fore Protocol has not long been launched in Mainnet!
In fact this tweet post from yesterday shows you that the users have created 500 markets on FORE
I mean how fluffing cool is that!
The Community
To me when thinking about a new project, I want to know what the community is like.
Fore do have an active Discord Server. People are friendly and helpful, there are resources galore and the project staff are super informative.
Zealy Sprint Campaign. We all love chasing a bounty don't we? Well there is a Zealy Sprint which is running until February 10th so there is still plenty of time to grab your share of 15000 FORE tokens.
Recap of Userful resources and Links:
ForePredict Markets Note all screenshots taken from my ForePredict account app.
Fore Protocol Discord
I must admit I like Fore Protocol, next time we shall discuss what is built on, their Deflationary Dynamics and how to maximise your earnings.
After all who doesn't love getting more crypto for their efforts!
