Polkamarkets (POLK)

Polkamarkets is a platform that allows vendors of DeFi applications to create forecast markets. This is one of the DeFi trends being researched in recent years.

What is Polkamarkets?

Polkamarkets (POLK) is a prediction market (Gamified Prediction Markets) powered by DeFi. The project is built on Polkadot through the Moonbeam Network. Polkamarkets is built for cross-chain information exchange and trading. This is also where users can leverage past, present and future forecasts on Polkamarkets to predict real-world events.

Outstanding features

Polkamarkets offers a betting prediction market where users can monetize their predictions and predictions for real world events. Whether predicting results for live sports, elections or cryptocurrency prices, Polkamarkets provides the infrastructure for users to safely participate in popular markets.

A major attraction of Polkamarkets is the entertainment value. For certain live events, a live feed will be available for users to keep up to date with the latest scores and data. The economy is entirely user-driven, with event listings curated by POLK holders to ensure and maintain safety on the platform.

The platform is based on Polkadot, allowing it to leverage the power and interoperability offered by the protocol. It is looking to innovate not only in the way it incentivizes usage through DeFi principles like yield farming and reward distribution, but also in UX/UI. In addition, users have to mine their POLK to make predictions, solving liquidity and volume problems that other platforms in the space face.

Products of Polkamarkets

• Information exchange
• Asset forecast
• Provide liquidity to users
• DeFi APIs

Highlights of Polkamarkets

• Open and liquid market
• DeFi Powered reward model
• Entertainment features
• Low transaction fees
• Integrate administration tools
• List selected events

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