What is Polkamarkets (POLK)?
POLK is the native token of Polkamarkets, which is a cross-chain prediction market powered by DeFi technologies. It allows users to take bets on the outcomes of real-world events and monetize their forecasts. Thus, it allows them to both – sell and buy forecasts and their outcome. Polkamarkets is based on the Polkadot network.
Check out the Polkamarkets price chart above to see the current POLK price.
Besides, Polkamarkets also plans to offer significant entertainment components in the future in addition to the prediction market. These include daily cryptocurrency price markets, live streaming of e-sports and sports, and NFT-based gamification.
Use Cases of POLK Tokens
In essence, POLK tokens act as a prediction market curation and settlement mechanism. This means that, for starters, users who want to create new prediction markets must hold POLK tokens.
Moreover, to participate in the market resolution through the decentralized bonding technique used by Polkamarkets, users must also hold POLK tokens.
Besides that, users must have POLK tokens to upvote or downvote markets and inform other users and dApps about the quality of prediction markets.
Additionally, POLK tokens act as reward tokens in the protocol's incentives program.
In the future, though, as the Polkamarkets crypto project incorporates more services, POLK tokens will have more use cases.
If you plan to buy Polkamarkets tokens, don't forget to check the live Polkamarkets price chart. It features both – the current and the previous POLK price.
Who Founded Polkamarkets?
Ricardo Marques and Francisco Lourenço are the founders of Polkamarkets.
Ricardo is a successful businessman who has started multiple companies in the forecasting industry. He has worked as a software engineer and developer for more than ten years.
Francisco is a ten-year veteran of the marketing industry and a pioneer in digital, e-commerce, and social campaigns. He has disrupted the go-to-market strategies of major corporations.
Besides that, Henrique Caiano (Product Advisor) and Rui Teixeira (Tech Advisor) are the advisors of the project.
Tokenomics of POLK
The Polkamarkets crypto project has a total supply of 100,000,000 tokens. The distribution of the tokens is the following:
- 25% – strategic sale;
- 3% – public sale;
- 22% – liquidity fund;
- 20% – marketing;
- 10% – team and advisors;
- 20% – foundational reserve.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
83.96K
Followers: 83,969
0.06%
Following
138
0.00%
Posts count
1,540
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Subreddit type
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Moderators
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Currently, official Polkamarkets (POLK) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
13.86K
Members: 13,861
0.26%
Title
Polkamarkets Official
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
42 / 100
0.00%
Ahrefs Rank
1,611,668
3.65%
Organic Traffic (mo.)
22
46.67%
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
12
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
-
Watchers
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Forks
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Language
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Currently, official Polkamarkets (POLK) GitHub Public Repository doesn't exist or wasn't submitted. 🔆 Submit Now
Polkamarkets hot topics
Currently, official Polkamarkets Reddit account doesn't exist or wasn't submitted. 🔆 Submit Now
@polkamarkets posts