We have thoroughly examined your tokenomics and conducted a comprehensive breakdown, identifying several crucial issues that require attention of $FORE so you can keep focusing on building a world class user incentive prediction platform.
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What is Fore Protocol
Fore Protocol is a revolutionary platform for people-powered predictions, introducing a paradigm shift in the prediction market sector. Driven by the power of the decentralized community, it enables users to create, participate, and validate outcomes of prediction markets on any real-world event – from sports and finance to crypto, weather, and politics.
With its hyper-deflationary tokenomics, the platform allows users to earn rewards through various activities such as market creation and validation, backed by its native currency, the FORE token.
Beyond a mere investment instrument, the FORE token plays a central role in underpinning all protocol activities, including market creation, participation, validation, NFT minting, and dispute resolution.
Traditional prediction markets often suffer from opaqueness, high fees, and the unfair distribution of gains, making participation unappealing and risky. Fore Protocol disrupts this model, operating with absolute transparency, minimal fees, and a reward system that truly benefits its users.
Instead of concentrating wealth and power, half of the platform’s fees are redistributed to users for productive activities. Additionally, Fore empowers its users by letting them determine market odds via participation, thus eliminating any pre-set odds favoring bookmakers.
This user-centric model, coupled with a hyper-deflationary tokenomics strategy, ensures value retention and growth, while its decentralization eliminates the risks associated with centralized entities. In essence, Fore Protocol democratizes the prediction market space, making it accessible, profitable, and fair for all.