Platform Mechanics

what is a central limit order book (clob)? a central limit order book (clob) is an advanced trading infrastructure that maintains a centralized ledger of all buy and sell orders for a specific market, organized by price and time priority on forkast, we utilize a specialized variant called the binary limit order book (blob), which is specifically optimized for prediction market trading with binary outcomes unlike traditional trading platforms, forkast's clob operates through a hybrid decentralized model where order matching occurs offchain for optimal speed and efficiency, while settlement happens onchain to ensure transparency and security this architecture provides users with the precision of traditional financial markets combined with the trustless nature of blockchain technology 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 prediction markets and events 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 the winner of a sports match this structure enables users to explore and trade on various aspects of the same topic market categories forkast specialized in topics like live sports gaming news & esports livestreamers and internet culture users can discover markets, explore trending topics, and access tailored recommendations for related markets, helping to expand and enhance their trading strategies trading and order lifecycle 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 proxy wallets and conditional tokens 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 user incentive programs 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 a unique focus on esports and gaming 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 utility and exploration 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