Introduction
Forkast is a prediction market platform designed for gaming and internet culture. Users can create and participate in prediction markets based on trending topics in gaming, memes, streamers, breaking news, and Web3 assets. Built for transparency and security, Forkast operates on a hybrid-decentralized model, ensuring fair and reliable market experiences. With a unique focus on both web2 and web3 gaming, Forkast brings together games, streamers, internet culture, and tournaments to engage esports enthusiasts and fans.
Forkast operates through a hybrid-decentralized architecture, offering users the best of both onchain and offchain processes.
Forkast uses an advanced Central Limit Order Book (CLOB), also known as the Binary Limit Order Book (BLOB), enabling efficient order matching and non-custodial settlement. Users can place predictions, make trades, and claim rewards, all in a streamlined and user-friendly environment.
Here’s a high-level look at the mechanics:
- Order Book Trading Forkast uses an order book model where users can view active buy and sell orders and set their own prices. The offchain operator matches orders in real-time for efficient trading while keeping transaction costs low.
- Hybrid-Decentralized Model While order matching is conducted offchain for optimal speed, settlement occurs onchain to ensure transparency and security. This approach enables Forkast to offer a fast, responsive experience without sacrificing the security and trustless nature of blockchain technology.
- Non-Custodial Settlement Forkast’s onchain settlement process is entirely non-custodial, meaning users retain control of their funds throughout the transaction lifecycle. All trades and outcomes are settled through secure smart contracts, ensuring that rewards are distributed directly to users.
- Flexible Prediction Markets Users can participate in various prediction markets across diverse categories, placing predictions on events with predefined expiration times and clear resolution criteria. The platform’s focus on esports, gaming, web3, and internet culture ensures a vibrant selection of relevant, community-driven markets.
By combining these elements, Forkast offers a reliable, efficient, and user-centric approach to prediction markets, empowering users to make informed predictions and manage their trades with confidence.
