Validation Phase
KEY POINTS:
The validation phase begins at the time and date set by the market creator in market configuration
The minimum time for validation is 12 hours. The maximum time is 96 hours, but markets can be resolved before if sufficient power has been voted on the outcome after 12 hours.
In order to verify a market, users must hold an Analyst NFT (these can either be minted or bought on FORE’s NFT Marketplace)
Once a user votes their NFT on this market, it will be held in a smart contract until market resolution
The amount of rewards paid out to each Analyst is proportional to their vote in the market (dependent on the locked FORE in their respective NFTs)
To achieve a successful validation in order to level up your NFT, you must compound your rewards into the NFT to increase its power. You are free to withdraw the rewards, but this will not increase the earning power of your NFT.
Markets are open to the validation phase after the verification datetime specified by the market creator. The market must be valid in order to be verified (each side of the market must have a non-zero size).
In order for a user to verify the outcome of a market, the user must hold or mint an Analyst NFT. At the time of validation, the vNFT is sent to the market contract address and vNFT will be locked until the reward phase. Analysts are rewarded in proportion to the power provided within their respective vNFTs.
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