[ANN][DeFi] Polkamarkers-Gamified Prediction Markets Powered by DeFi, NFTs & DOT

[Rig4hodlers]

Website - White Paper - Tokenomics - Twitter - Medium - Telegram - Linkedln

Gamified Prediction Markets
Powered by DeFi, NFTs and Polkadot.

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.

The Product

Users can monetise their forecasts of future outcomes and events within an interoperable and decentralized infrastructure, where your beliefs become assets with financial value traded openly on the market.
Buy & Sell fractions of event outcomes, or even create your own events where others can take their own positions.
Participate & Provide Liquidity to Earn.

Entertainment DeFi

More than just a prediction market, Polkamarkets will have important entertainment features. These include NFT-based gamification, live streaming integration for in-play positions on Esports & Sports, and daily crypto price markets. Live chats and virtual events in online communities will also form a key entertainment value-add to our platform.

The Problem

Currently, existing prediction markets suffer from key problems such as lack of liquidity & markets, lack of traders, and duplicate or confusing markets. Total prediction market volume averaged less than $1M USD per day in 2020 and even less in years prior.

With such low volumes, it is impossible for traders to adequately hedge against future outcomes or take any sizable positions.

With low volumes comes low liquidity and therefore low fees for platform providers due to the lack of active traders. A death spiral ensues as we have seen with existing prediction markets with virtually no users or daily volume.

The Solution

Polkamarkets aims to solve the low usage & volume problems by incentivising liquidity providers and traders to facilitate & take large positions, while a system for curation and resolution ensures efficient and trustworthy markets. The platform will also leverage tried and tested DeFi incentives such as liquidity mining and yield farming to incentivise daily active use.

As an “Entertainment DeFi Platform'', Polkamarkets will offer Sports and Esports daily markets with live feeds of events alongside forecasting. Users will be able to watch their favorite teams play while making live, in-play forecasts about the game’s outcome.

Live odds and automated market makers will dynamically adjust odds based on users’ forecasts on the markets. As users trade outcome fractions, they will mine $POLK tokens that they can later use to open their own prediction markets on Polkamarkets.

Website - White Paper - Tokenomics - Twitter - Medium - Telegram - Linkedln

[Rig4hodlers]

Reserved for project updates.

[Jaephoenix]

I love Polkadot, and it is going to be a project to withdraw out for in this year. It's also going to be a target for all types of actors in this crypto space. I hope this project is legit

[Rig4hodlers]

We're pleased to announce what you've all been waiting for. Our IDO date on Polkastarter!

The date of the IDO for $POLK Token is February 24th, 2021 at 1pm UTC.

Also a reminder: the date of the $POLK Whitelist opening is February 14th, 2021 at 5pm UTC.

[Rig4hodlers]

Polkamarkets Whitelist For Polkastarter IDO Is Now Open!

We’re excited to announce that the whitelist for the Polkastarter IDO is now open! You can participate in the whitelist to get a spot on the sale that is scheduled for February 24th on the IDO platform.
There will be two pools open, one for the Public participants and another for Polkastarter Token ($POLS) holders and liquidity providers. The whitelist form is the same for both pools. In the end we will cross check for any wallet address that holds +3,000 $POLS and Polkastarter liquidity providers for the POLS only pool.

So let’s get started! In order to get a spot on the IDO, please complete these tasks.

Follow Polkastarter on Twitter
Follow Polkamarkets on Twitter
Follow Polkamarkets announcement channel
Retweet the pinned Tweet on the Polkamarkets twitter account. Make sure you include the hashtags $POLS and $POLK
Join Polkamarkets Telegram group
Fill the whitelist form

Read the full article HERE

Good luck to everyone guys!

[Rig4hodlers]

Hello guys,

Polkamarkets team is excited to announce a new partnership with Kylin Network!

· Kylin Network enables decentralised oracles and data feeds for Polkamarkets

· Both our projects will build on the Polkadot Ecosystem

👉 Read more here

Please, join the telegram group in case you have any questions. here

[Rig4hodlers]

We are excited to announce our AMA on Crypto Daku's telegram channel today, at 3PM UTC.

❗️ Whitelist alert ❗️The rewards pool for the best questions is $100 USDT! We will announce the winners after the AMA at 5PM UTC.

Participate in the AMA here on this TELEGRAM LINK

[Rig4hodlers]

⚡️ The Polkamarkets MVP is rapidly approaching launch!

🔹 Polkamarkets aims to bring DeFi and Gamification Features to Prediction Markets

🔹 Learn more about our product features and upcoming launch!

👉 Read more

[Rig4hodlers]

💥 We're thrilled to present Rui Teixeira as a Polkamarkets co-founder and board member!

🔹 Rui's played a key role in the inception of the Polkamarkets' project, and has been vital on the technology and business development sides.

🔹 Rui brings a wealth of knowledge in blockchain development and distributed systems.

👉 Read more

[Rig4hodlers]

🔥 We are thrilled to announce a partnership with Orion Protocol (https://t.me/orionprotocol) to provide decentralised liquidity provisioning to our prediction markets!

🔹 Overall the platform will have more liquidity than before, meaning that it can more efficiently and effectively facilitate trades.

🔹 Orion Protocol will act as yet another catalyst that sees prediction market adoption grow at a rapid pace.

👉 Read more

[Rig4hodlers]

Top 3 Reasons Why Investors Are Bullish on Prediction Markets

1. Uncertainty is at all-time highs
With the global pandemic wreaking havoc in nearly every corner of the world, uncertainty and insecurity have never been higher. Being able to hedge against an increasingly unstable future has never been more important. Whether you are a commodities trader or a futures trader, prediction markets give you the opportunity to hedge your existing positions in the market to reduce your overall exposure to risk.

2. The rise of DeFi for Finding Yield Opportunities
Nowadays, commercial banks are offering less than 0.25% in yearly interest rates on deposits in savings accounts to their customers. That’s not enough to outpace inflation, and that’s certainly not enough to provide any sort of yield when the US Government & Federal Reserve decide to print another $1.9 Trillion dollars out of thin air.

3. Everyone wants to know and influence the future
People have always placed a premium on privileged information. Of course no one can truly see the future exactly as it will unfold. But with highly refined and ordered information, we can make a pretty accurate prediction. Capital markets are largely based on trading informational advantages. Prediction markets bring that idea to the next level by making the prediction itself the market. Prediction markets have proven to be so powerful that some even question whether or not they just predict the future, but also have influence over the outcome of future events.

Read the whole article on Polkamarkets Medium Blog