Documentation
  • PROTOCOL
    • About
    • Glossary
    • Protocol Roles
      • Creators
        • Creator NFT (mNFT)
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        • Analyst NFT (vNFT)
      • Dispute Resolution
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      • Market Types
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    • Market Phases
      • Creation Phase
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    • Protocol Rewards
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      • NFT Tiers
    • NFT Marketplace
    • Config
      • Protocol Config
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  • DEVELOPERS
    • Addresses and Config
    • Smart Contracts
      • ForeMarkets (Factory)
      • ForeMarket
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      • ForeToken
    • IPFS
      • Verifier NFT Metadata Format
      • Market NFT Metadata Format
      • Market Object Format
      • Base58 <->Bytes32
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NFT Tiers

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Last updated 2 years ago

Users validate market results by holding an Analyst NFT and staking it on a resolved market’s outcome. Claimable rewards are directly proportional to the “size” (or “power”) of the NFT. Everyone starts at the same “power” level and can increase their NFT size with consecutive accurate validations of market outcomes.

Each NFT is created with a blue rank (0 or n/a) and can be increased over time depending on the number of accurate validations. Each user can evolve the tier of their NFT if enough verifications are collected to increase its power. When a user has a string of consecutively successful validations, their NFT advances to a new card, which in turn increases the user's locked FORE and percentage share of the market. In this way, users are incentivized to maintain their validation streak as they progress through the tiers.