Polkamarkets Labs
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Polkamarkets Labs

Polkamarkets Monthly Recap — July 2022

Polkamarkets Monthly Recap — July 2022

We believe that good forecasts can help society better navigate a post-truth and ever more unpredictable world. Decentralised prediction markets provide the right incentive-alignment and transparent structure to foster more good forecasts. For the past year and a half, we at Polkamarkets Labs have been fully committed to bringing the most powerful forecasting tool to the Prediction Markets industry and blockchain.

The majority of DeFi projects are focusing mostly on being a financial protocol but we want to build something unique. We want to stand out not only by being an entertainment platform but also as a quality forecasting technology with community-driven rewards to develop the protocol. Read up on our novelties launched in July.

Weekly Prizes V2

Since the revamp of the weekly prizes, where Polkamarkets rewards users with its utility token $POLK, the success is beyond our expectations. This protocol incentives program is serving as a testbed for Polkamarkets V2, in which the Protocol Rewards will be automated. In two months, we have rewarded more than 60 new wallet addresses and a total prize of more than 85,000 $POLK tokens. Want to learn more? (read more)

Community-Driven Campaigns

We have also introduced new roles to the Polkamarkets Discord community to distinguish prominent community members. The roles are awarded based on member activity in the Polkamarkets Protocol, as well as in the Polkamarkets Discord. We’re working on several activities to bring more engagement to the community. Stay tuned! (read more)

Updated Positioning

We see huge potential for Prediction Markets, beyond the products that you know today. We have been expanding the spectrum of our communication and our collateral to reach new audiences, with a big focus on working with other businesses to integrate PMs into their own products.

Our updated website is now a reflection of our broadening discourse. Polkamarkets is taking Prediction Markets to new places. This is just day 1. Check out the updated Polkamarkets website. If you’re a business looking to leverage prediction markets, talk with us!

What’s next?

We’re continuously working on the protocol’s development. Coming next, are a new User Profile page on the web application, which will show your actions on the protocol and further reinforce your reputation within the community, and a voting feature to further decentralize market verification.

You can read more in our Public Roadmap, which we update regularly and shows what we’re working on.

If you have any ideas and suggestions? Join The Polkamarkets Discord Server to discuss with other forecasters and the team!

About Polkamarkets

Polkamarkets is an Autonomous Prediction Market Protocol built for multi-chain information exchange and trading where users take positions on outcomes of real-world events–in decentralized and interoperable EVMs.

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Polkamarkets Labs

Polkamarkets Labs

Autonomous Prediction Market Protocol, an EVM protocol solution for the Polkadot Ecosystem. https://www.polkamarkets.com/