What is Polkamarkets Coin?
A gamified prediction platform called Polkamarkets Coin is based on three widely used technologies: Polkadot, NFTs, and Decentralized Finance. The project’s straightforward goal is to transmit information across chains and offer predictions for various markets. Decentralized and interoperable network environments are fetched for results of real-world occurrences. Professional traders can forecast outcomes by using their expertise in the cryptocurrency market.
Nobody has combined the prediction market with DeFi, according to Polkamarkets Coin, previously. As a result, there will undoubtedly be opportunities to profit from information sharing and acquire the fundamentals of new financial markets. Trading will yield through loans, borrowing, farming, liquidity provider, and decentralized exchange in the new era of Defi.
opposing the current prediction market, which the site claims lack liquidity, markets, and traders. Moreover, it noted that markets lack transparency and are often chaotic, as seen by the occurrence of multiple markets. According to the study project, the daily average volume of predictions on the market is as low as $1 million and occasionally even less. So, it only contributes to the low daily volume and user count in the current prediction market. By creating an incentive scheme for liquidity providers and traders, the solution platform targets usage and volume directly.
Polkamarkets Coin Price Prediction
At a price of $0.05 USD and a strategic sale price of $0.025 USD, Polkamarkets Coin will be listed on Uniswap. In both the strategic and open sales, 28% of the coin will be issued. Given that we are aware of the huge price and volume increase seen by Polkadot-based projects, we can say with certainty that Polkamarkets Coin will reach $1 USD within one month of its launch.
|Month & Year||POLK Price Prediction|
Polkamarkets Coin Overview
Polkamarkets Coin (POLK) IDO Overview
|Date of ICO||Start from 24th Feb|
|Partners||NGC Ventures, Astronaut Capital, Spark Capital, Moonrock Capital, Morningstar Ventures.|
Polkamarkets Coin (POLK) Price Analysis
The POLK utility token will be used for mining, liquidity provision, fee collecting, and yield farming within the Polkamarkets ecosystem. Uniswap listing nearly confirms that tokens will be offered on DEX and CEX platforms in the near future. Polkastarter is collaborating with the IDO project, or the initial DEX offering, as users, must join the whitelist to be placed. IDO plans to organize a lottery on February 24, 2021, for those who own Polkastarter tokens. However, users currently need to follow simple instructions like following the official Twitter account, joining a Telegram channel, and filling out a form. Before February 19th, 2021, the whitelist will be closed. Investors should anticipate at least 10x returns in a matter of weeks from the POLK Token, which will get a similar reception as the POLS Token.
Blockchain prediction markets are already available since they were unable to successfully balance consumers with experienced traders. The prediction market on Polkamarkets Coin will change for many categories, including sports, esports, cryptocurrency, and others. The network will offer an entertainment DeFi platform with live event prices as well as forecasts for sports and esports. Nonetheless, market predictions will be made and changed based on users’ feedback and chances. After users exchange result fractions, POLK mining will begin. Polkmarkets allows users to build their own prediction platforms, making it an early adopter of prediction markets in the future. Daily cryptocurrency prices and forecasts will be offered, along with live feeds that are connected with professional trading desks and traders.
Will Polkamarkets Coin (POLK) hit $1?
Expected before 2023.
How much Polkamarkets Coin (POLK) Token will be worth in 5 years?
Probably $40 USD or more.