FORE Protocol

FORE Protocol is a decentralized peer-to-peer predictions ecosystem on the blockchain that allows users to create, participate in, and validate prediction markets for a wide range of events, from sports to politics. It leverages smart contracts for secure and trustless operations and utilizes machine learning for improved prediction outcomes. The ecosystem offers low fees, better odds, and redistributes 50% of platform fees to incentivize user participation and market validation.

FORE Protocol offers decentralized prediction markets with lower fees and better odds compared to traditional platforms. It is designed to eliminate the dominant advantage of centralized entities by redistributing 50% of platform fees back to users. This creates an extensive peer-to-peer environment where active participants like market creators and analysts are rewarded. Additionally, the use of smart contracts and machine learning ensures secure operations and enhanced prediction pricing.

Users on FORE Protocol are rewarded through a fee distribution mechanism where 50% of the platform fees are redistributed. Market creators earn 0.5% of the market share, while analysts validating market outcomes receive 2%. This system ensures that users are incentivized for their contributions to the ecosystem, creating a fair and democratic prediction market experience.

The FORE token is a utility token with multiple roles in the FORE Protocol ecosystem. It is essential for market creation, participation, and validation. Additionally, it is used for minting NFTs and governance activities within the protocol. This tokenomics model incentivizes active participation and adds value to the decentralized prediction markets.

FORE Protocol ensures fairness and trust through the use of blockchain and smart contract technology, which facilitates secure and transparent market operations. This decentralization reduces the influence of centralized entities, allowing users to engage with a trustless platform. Furthermore, machine learning assists in providing improved odds and pricing models, contributing to a fairer prediction market environment.

Future developments for FORE Protocol include the launch of FORE Predict on the Arbitrum network, with plans to integrate additional blockchains like MATIC and FTM. In 2023, the team aims to introduce fiat on-ramps, gamify the protocol, and partner with real-world sponsors. Further goals include developing new market structures and chain integrations, as well as launching a mobile app by 2024 to enhance user accessibility and engagement.