FORE Protocol is an innovative crypto project that has revolutionized the future of predictions. It's the world's first decentralized, peer-to-peer prediction ecosystem that is completely driven by its users. FORE allows users to construct, participate in, and validate any prediction market for any event. With a design centered on redistribution of platform fees, it rewards active users who participate in sports, esports, current affairs, and a vast array of niche events prediction markets.
A Truly Decentralized and Democratic Ecosystem
FORE Protocol establishes an ecosystem where players compete in markets against each other. It is characterized by very low fees, superior odds, and trustless payouts. Interestingly, 50% of the platform fees are redistributed back to users for any productive activity. The creators of prediction markets earn 0.5% of the market, while analysts who validate market outcomes enjoy a 2% market share. This ingenious approach ensures that the house doesn't always win - instead, the users do. The basis of the FORE Protocol is a series of smart contracts, designed to aid users in creating, participating, and validating prediction markets.
FORE's Evolution
Initially, FORE set out to offer superior odds to its users by leveraging machine learning and AI for better pricing. However, the team soon realized that the core problem was not just pricing, but centralization. In response, FORE pivoted towards creating a genuinely decentralized peer-to-peer predictions ecosystem. This innovative redirection is designed to enhance arbitrage opportunities and distribute rewards away from centralized entities and towards users.
Future Developments
FORE Token will be live as of June 30th, 13:00 UTC. Shortly after, FORE Predict, a decentralized peer-to-peer predictions protocol, will be launched on Arbitrum, with MATIC, FTM, and others to follow. The roadmap set out for 2023 includes key milestones such as the introduction of a FIAT on ramp, protocol gamification, real-world partnerships and sponsorships, further chain integrations and the introduction of new market structures. A mobile app for FORE Predict is slated to debut in 2024, along with further development in the FORE ecosystem.
FORE's Deflationary Utility Token
FORE's deflationary utility token is designed to reward activity. From day one, FORE
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