Read on Twitter
Everything you need to know about @polkamarkets and its upcoming IDO ( $POLK ).
A short fundamental analysis thread. (DYOR)
A short fundamental analysis thread. (DYOR)
WHAT IS @polkamarkets?
It describes itself as follows
Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading, where users take positions on outcomes of real world events–in a decentralized and interoperable platform on Polkadot.
It describes itself as follows
Polkamarkets is a DeFi-Powered Prediction Market built for cross-chain information exchange and trading, where users take positions on outcomes of real world events–in a decentralized and interoperable platform on Polkadot.
But what are Prediction Markets?
A prediction market is a speculative market where participants trade information & predict the outcomes of future events. This can be any event conceivable. Let’s take the example of a question with a yes/no outcome: Will $BTC hit $100k in 2021?
A prediction market is a speculative market where participants trade information & predict the outcomes of future events. This can be any event conceivable. Let’s take the example of a question with a yes/no outcome: Will $BTC hit $100k in 2021?
There are two possibilities here. Either it will, or it won’t. If you are confident, that $BTC will hit 1$00k in 2021 you could purchase a number of 'yes' contracts. These might be priced somewhere between $0 and $1.
If #bitcoin 
hits $100k 'yes' contracts will be redeemable for $1, and 'no' contracts will have no value. In the meantime, the value will fluctuate as market sentiment changes, and new information becomes available.
hits $100k 'yes' contracts will be redeemable for $1, and 'no' contracts will have no value. In the meantime, the value will fluctuate as market sentiment changes, and new information becomes available.
On top of that $POLK will have entertainment features like #NFT-based gamification, live streaming for #esports, and so on.
As you can already see, it will be an entertaining way to predict markets. This is also how Polkamarkets market itself 'Gamified Prediction Markets'
As you can already see, it will be an entertaining way to predict markets. This is also how Polkamarkets market itself 'Gamified Prediction Markets'
TOKEN METRICS
As you can see here, the initial market cap is really small, it would rank somewhere between 1450-1400 on @coingecko (while writing this). For such a hyped project this is nothing, especially when we take into account the super high demand for $POLK (+80M USD)
As you can see here, the initial market cap is really small, it would rank somewhere between 1450-1400 on @coingecko (while writing this). For such a hyped project this is nothing, especially when we take into account the super high demand for $POLK (+80M USD)
Distribution and release details.
- Strategic Sale price: $0.025 USD with vesting: 25% on TGE, then 25% monthly over the next 3 months
- Uniswap listing price: $0.05 USD fully unlocked
Read more here.
https://polkamarkets.medium.com/polk-distribution-model-1c69247f704c
- Strategic Sale price: $0.025 USD with vesting: 25% on TGE, then 25% monthly over the next 3 months
- Uniswap listing price: $0.05 USD fully unlocked
Read more here.
https://polkamarkets.medium.com/polk-distribution-model-1c69247f704c
TOKEN USE CASE
They have built-in several key use-cases for $POLK such as
- Mining
- Direct Fees for LPs
- Buy Backs
They have built-in several key use-cases for $POLK such as
- Mining
- Direct Fees for LPs
- Buy Backs
COMPETITORS
There are already some prediction markets out there like Augur and Polymarkets, just to name a few.
But currently, existing prediction markets suffer from key problems such as lack of liquidity & markets, lack of traders, and duplicate or confusing markets.
There are already some prediction markets out there like Augur and Polymarkets, just to name a few.
But currently, existing prediction markets suffer from key problems such as lack of liquidity & markets, lack of traders, and duplicate or confusing markets.
$POLK aims to solve these problems by incentivizing liquidity providers and traders to facilitate and take large positions, while a system for curation and resolution ensures efficient and trustworthy markets. They will also leverage tried and tested DeFi incentives.
ROADMAP
Their roadmap is packed but doable with the current team.
Their roadmap is packed but doable with the current team.
CONCLUSION
Polkamarkets is definitely not the first one who came up with the idea to build a prediction market on the #blockchain but they are the first ones who will tackle all the existing problems and make it entertaining for everyone to predict the markets.
Polkamarkets is definitely not the first one who came up with the idea to build a prediction market on the #blockchain but they are the first ones who will tackle all the existing problems and make it entertaining for everyone to predict the markets.
If you enjoyed the read, feel free to like it and retweet it.
Yours,
Blackbeard
Yours,
Blackbeard
