Fore Protocol
  • ๐ŸŒŽFORE Protocol
  • ๐Ÿ—’๏ธWhitepaper
    • The FORE Mission
    • Predictions Markets
      • What Are Predictions Markets?
      • Centralization: What's The Problem?
      • Decentralization: The Solution
        • Transparency
        • Market-Determined Odds
        • Zero Counterparty Risk
        • Redistribution of Fees
        • Infinitely-Scalable Oracle
    • How FORE Works
      • What is FORE Protocol?
      • Key Technology
        • Blockchain Infrastructure
        • Peer-To-Peer Technology
        • NFT Market Structure
      • Market Structure
      • Protocol Roles
        • Creators
        • Players
        • Analysts
        • Dispute Resolution
      • Protocol Lifecycle
        • Creation Phase
        • Participation Phase
        • Verification Phase
        • Dispute Phase
        • Resolution Phase
      • Payout Logic
      • Incentive Model
      • Validation Model
        • Validation Process
        • Rewards And Power
        • Reward Tiers
      • Gamification Strategy
        • Tiered NFTs
        • Leaderboards
        • Play-To-Earn Badges
    • FORE Tokenomics
      • FORE Token
      • Token Utility
      • Deflationary Dynamics
      • Supply Dynamics
      • Contract Address
    • Business Model
      • Business Revenue Model
        • Protocol Fees
        • NFT Royalties
      • Go-To-Market
        • User Acquisition
        • Target Audiences
        • Go-To-Market Strategy
          • Phase One
          • Phase Two
          • Phase Three
          • Phase Four
          • Phase Five
      • Future Solutions
        • FORE Predict
        • FORE Oracle
        • FORE Audit
        • FORE Sight
        • FORE Resource
    • The FORE Roadmap
    • Afterword
  • ๐Ÿง‘โ€๐Ÿ’ปHow-to Guides
    • Guide to Getting Started
      • Add Arbitrum to Metamask
      • Purchase ETH on Arbitrum for gas fees
      • Purchase FORE to use on FORE Predict
    • How to Use FORE Predict
    • How to Connect your Wallet
    • How to Create a Market
    • How to Take a Position in a Market
    • How to Validate a Market
    • How to Vote with your Analyst NFT
    • How to Mint / Buy / Sell NFTs
    • How to Dispute A Market
    • How to Claim your FORE Rewards
    • How to View your Activity on FORE
  • ๐Ÿค“FORE Predict Pro
    • Ultimate Analyst
      • How to become a validator
      • How to maximize your earnings
      • How to become the ultimate validator
    • Ultimate Player
      • How to become a player
      • How to maximize your earnings as a player
    • Ultimate Creator
      • How to become a market creator
      • How to market your markets
      • How to maximize your earnings as creator
  • ๐Ÿ”Access
    • Regional Restriction
    • Terms and Conditions
  • ๐Ÿ“–Documentation
    • About
    • Glossary
    • Protocol Roles
      • Creators
        • Creator NFT (mNFT)
      • Players
      • Analysts
        • Analyst NFT (vNFT)
      • Dispute Resolution
      • High Guard
      • FORE Markets
        • Market Types
        • Payout Logic
        • Protocol Rewards
    • Market Phases
      • Creation Phase
      • Participation Phase
      • Validation Phase
      • Dispute Phase
      • Resolution Phase
    • Protocol Phase
      • Player Rewards
      • Infrastructure Rewards
      • NFT Tiers
    • NFT Marketplace
    • Config
      • Protocol Config
      • Market Config
    • Developers
      • Addresses and Config
      • Smart Contracts
        • ForeMarkets (Factory)
        • ForeMarket
        • Protocol Config
        • MarketConfig
        • ForeAnalysts
        • ForeToken
      • IPFS
        • Verifier NFT Metadata Format
        • Market NFT Metadata Format
        • Market Object Format
        • Base58 <->Bytes32
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On this page
  1. Whitepaper
  2. Predictions Markets
  3. Decentralization: The Solution

Redistribution of Fees

In a blockchain-based decentralized prediction market, the fees for participation are considerably low because there is no middleman (or house). Not only are fees on FORE Predict much lower than centralized counterparts, the fees are redistributed to all participants for productive activity. As prediction markets are powered by people to determine market outcomes, we believe that the entire prediction ecosystem should be people-powered. Decentralized prediction markets are open, peer-to-peer, public, and borderless networks with no transnational boundaries. Anyone, anywhere, can create a market, participate, or validate a market on anything on FORE Predict- and be rewarded for doing so. Web3, the blockchain ecosystem that shifts power (and value) from centralized entities to the individual, is gaining adoption across a multitude of sectors because web3 protocols arenโ€™t owned by a central entity, but by its users who earn ownership via participation.

In line with this framework, FORE Predict redistributes fees to reward users for all productive activity on the protocol, inverting the traditional prediction model to drive value for all participants. Users can be rewarded for cultivating new activity on the protocol by creating interesting and unique prediction markets. Users can take a position in any market with zero counterparty risk, better odds, incredibly low fees, and transparent and trustless market resolution. Or users can simply be rewarded for simply confirming the outcome of a market.

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Last updated 2 years ago

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