Platform Mechanics
Forkast is a dynamic prediction market platform designed to leverage the collective intelligence of its users to forecast outcomes across a wide range of topics, with a primary focus on web2 and web3 gaming. With its robust infrastructure and user-centric features, Forkast provides a seamless trading experience tailored to the interests of gaming enthusiasts, streamers, and tournament fans.
At the heart of Forkast are prediction markets, where users trade shares based on binary outcomes (e.g., "YES" or "NO"). These markets are organized into events, which aggregate multiple markets under a single theme, such as a gaming tournament or blockchain-based milestone. This structure enables users to explore and trade on various aspects of the same topic.
Forkast specialized in topics like:
- Web3 gaming ecosystems and blockchain technology.
- Streamers and internet culture.
- Esports events and related game industry topics.
Users can search for markets, explore trending topics, and receive personalized recommendations for similar markets to broaden their trading strategies.
Forkast.gg supports both market orders (instant execution at current prices) and limit orders (executed only when a specified price is met). All orders are processed through a centralized order book, matched off-chain for efficiency, and settled onchain for transparency. The order lifecycle ensures fairness and reliability, allowing users to manage trades effectively.
To enhance the user experience, Forkast employs proxy wallets. These smart contract wallets handle complex transactions like splitting collateral into binary conditional tokens, merging tokens back into collateral, and redeeming payouts. Proxy wallets simplify multi-step processes while ensuring users maintain full control over their assets.
Forkast offers several incentive programs to reward user participation:
- Liquidity Rewards: Earned by providing market liquidity through resting limit orders.
- Quest Rewards: Unlock rewards by meeting specific trading milestones or winning trades.
- Leaderboard Rewards: Recognizes top-performing users based on gains and trading volume.
Forkast stands out with its focus on the intersection of gaming, esports, and blockchain technology. By covering topics like tournaments, game economies, and digital culture, Forkast fosters a vibrant prediction environment tailored to the interests of its community.
Forkast provides users with:
- Search and Discovery: Easily find markets of interest.
- Recommendations: Explore similar markets to enhance trading opportunities.
- Community Engagement: Participate in a thriving ecosystem with competitive leaderboards and diverse rewards. Interract with your fellow users through comment sections on each of the markets.
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