What is FORE Protocol (FORE)

FORE Protocol is the next-generation decentralized peer-to-peer prediction network. Here, users build prediction markets, set market odds, compete in markets, and validate market outcomes. Find or even create the biggest events in sports, crypto, or highly obscure events right at your fingertips!

Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (FORE/USDT – Trade it here) on June 30, 2023! Get your free FORE token airdrops on our Launchpad before anyone else!

What is FORE Protocol (FORE)
What is FORE Protocol (FORE)

What is FORE Protocol?

The world we live in is strongly reliant on individuals’ collective power. Furthermore, centralized entities are increasingly exploiting people’s activities and behaviors to address problems, forecast outcomes, and make money. Despite acknowledging the potential of human aptitude, there are no recognition or rewards. Therefore, FORE Protocol is aiming to be the remedy.

FORE Protocol has established a tokenized incentive system that not only mobilizes but also compensates the collective wisdom and expertise on a broad scale. As a result, the FORE Protocol creates a decentralized network of persons that efficiently bridges the gap between the physical world and the blockchain. This serves as the fundamental platform for web3 solutions aimed at removing impediments in real-world industries.

How Does FORE Protocol Work?

Check out FORE Protocol’s Introduction Video!

FORE Protocol shines in its capability to even out the predictions market. People make predictions. Therefore, FORE Protocol is tailored to users. Here, users can build markets, participate in them, and confirm the outcomes. You can explore a limitless horizon of prediction markets based on real-world occurrences.

FORE Predict is the first dApp built on FORE Protocol. It is a peer-to-peer prediction system that is infinitely scalable and empowers individuals. Users receive access to a vast array of predictions spanning sports, current events, cryptocurrencies, and more. Furthermore, there are numerous benefits such as zero counterparty risk, enhanced odds, and astonishingly low fees.

FORE harnesses individuals’ collective capacity to build, participate in, and validate markets. In return, it compensates their efforts through the redistribution of protocol fees. A decentralized network of validators known as ‘Analysts,’ using a proprietary NFT validation methodology, assumes the role of an oracle. They operate as market builders, uploading the outcomes of real-world events to the protocol. Their role is to ensure the correct execution of all payouts and to verify the accuracy of a particular decision. This enables the protocol to index real-world outcomes for each event in the same way that Google indexes real-world information, resulting in an infinitely scalable prediction protocol.

The Roles in FORE Protocol

Core Roles

Within the FORE Predict ecosystem, various roles exist, each with unique prospects for individuals:

  1. Creators: These individuals have the opportunity to earn incentives for promoting new activity on the protocol by creating entertaining and unique prediction markets. After creating a market, creators can earn 0.5% of the total market size. Creators contribute to the ecosystem’s growth and vibrancy by bringing innovative and unique market possibilities.
  2. Players: Participants in FORE Predict enjoy a variety of benefits. They can trade in any market with no counterparty risk. Furthermore, they receive benefits from improved odds and incredibly reduced expenses. The market resolution process is also transparent and trustless. This guarantees that players have a fair and dependable experience.
  3. Analysts: Individuals taking on the role of analysts have the opportunity to generate a sustainable passive income. Their task primarily involves confirming the outcome of a market, contributing to the accurate and reliable determination of results. Through their valuable contributions, analysts can earn rewards and enjoy a share of 2% of the total market size.

FORE Token – The Hyper-Deflationary Utility Token

Tokenomics of FORE Protocol
Tokenomics of FORE Token. Image from FORE Whitepaper

FORE token is a hyper-deflationary utility token of the FORE Protocol. Its deflationary nature is directly related to the platform’s degree of activity. FORE’s dynamic burn mechanism ensures that a percentage of each market, as well as all FORE tokens held within NFTs required for outcome validation, are burned. This deliberate burning procedure diminishes the total and a circulating supply of FORE, resulting in a strictly deflationary protocol. As activity on the platform increases, so does the available supply of FORE to sustain that activity.

Where to buy FORE Token

You can find FORE Tokens here at MEXC! We are listing FORE/USDT in our Innovation Zone very soon!

What is the Price of FORE Tokens?

The live price of the FORE token is coming to MEXC on June 30, 2023! You can check the live price of their token right here!

How to buy FORE Tokens on MEXC

You can buy FORE Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “FORE” using the search bar to see the available trading pairs. Take FORE/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of FORE you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy FORE] to confirm your order. You will find the purchased FORE in your Spot Wallet.

You can find a detailed guide on how to buy FORE Tokens here.

Get Free Airdrops with MEXC Launchpad!

Did you know MEXC gives out 20+ free airdrops weekly? Launchpad and Kickstarter events ensure that all our loyal MX token HODLers receive a ton of new tokens! Learn all about it at our MX Zone now!

Meanwhile, check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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