Foreseeing what lies ahead is central to how we plan everything, from small choices like taking an umbrella if rain is forecasted, to the more significant impacts of crypto policies contingent on the next U.S. President.
Nevertheless, good predictions are rooted in comprehensive information, gathered from various sources such as the news, social platforms, or search engines—which can be quite daunting. Yet, prediction markets come to the rescue.
These markets serve up comprehensive, high-confidence forecasts about current developments, and additionally, they allow for the monetization of your insights and perspectives.
The demand for this proposition is high, evidenced by the doubling of the sector's Total Value Locked over the past year alone, crossing $59 million by June 2024. However, the current Web3 predictive platforms aren't servicing the entire market potential.
For instance, Polymarket doesn't allow for user-generated event creation. Instead, you're limited to engaging or funding existing event markets, with no option to create your own personalized pools. This method leaves out vast economic potential. 200+ million creators and misses out on leveraging an economy that is projected to cross $600 billion by 2036.
PredX closing this divide through advanced AI and evolving tech like blockchain. PredX invites you to invent and share events that resonate on a personal level or with your community. Web3 prediction markets are about to be supercharged with an incentive mechanism designed to achieve critical mass in 2024.
Unlocking Potential for Creators, Tackling Event Shortage
Platforms such as Polymarket have made strides in addressing the persistent issues of traditional prediction markets, aiding transparency by recording trades on the blockchain.
Still, they're lacking in supporting community-driven event creation; topics are marshaled and published through a centralized governance model. Even with the current buzz keeping them active, they're prone to limited supply and liquidity .
Polymarket typically showcases popular worldwide issues—U.S. presidential races, renowned tennis tournaments like the French Open, or Bitcoin valuation—but overlooks special-interest topics. Producing profitable niche markets is tough without grassroots involvement.
On the flip side, PredX mixes global interest with localized subjects, maintaining a balance of macro and micro prediction markets that adapt to shifting global interests.
PredX goes beyond just using blockchain to finalize transactions; it utilizes a Web3 framework integrated with AI, providing creators with revolutionary intent-focused assets.
Being a creator on PredX means crafting event content tailored to your group's dynamics, which naturally boosts support and interaction. It allows for the collection and utilization of live feedback and value signals straight from your community.
Stepping up the game, PredX equips you with 'AI Agents'—dynamic tools designed to curate relevant, captivating event opportunities that get people talking. It also offers resources to build detailed backdrops for event information.
The central and novel aspect of information cannot be understated. In contrast to the limited insights found on platforms like Polymarket, users dedicated to informed betting are no longer burdened with filtering through masses of online content.
PredX enhances creator output by fine-tuning event and information accessibility while harmonizing rewards with a robust, Web3-integrated tokenomics approach. You get rewards aligning incentives not only for event creation but also for dissemination and inclusive platform growth. Additionally, it includes time-sensitive campaigns.
100 creators — First come, first serve
The ongoing PredX initiative offers an exclusive first-come, first-served bonus to the first 100 creators to apply using the official form begin generating events on the platform.
Campaign enrollees receive a 50% share in trading volumes from their events and also claim 5% from the losing market position. Rewards in USDC ensure flexibility without forcing participants into native blockchain tokens.
While platforms like Polymarket have introduced the world to prediction markets, it's PredX that truly embodies the 'Web3' values, transitioning from speculative playing fields to spaces defined by purposeful trading.
With PredX, prediction landscapes gain new relevance for everyday users, thanks to its incentives and community-driven model fostering the network effects crucial for ecosystem development.
By giving creators compelling motives to harness and support advanced prediction networks, the platforms and frameworks assembling these markets aspire to their full potential.
Engaging early allows you to fully capitalize on these opportunities. Creating your first event on PredX is the way to start.
