Stage 1: Decentralized Oracle Nodes

Once Polyquest reaches 100,000 meme coin holders, the first stage of the Prediction Oracle System will be introduced. In this phase, individual users (meme coin holders) act as decentralized oracle nodes, observing, analyzing, and reporting real-world event outcomes.

How Stage 1 Works

1. Node Participation

   • Meme coin holders act as nodes within the Polyquest Oracle system.

   • These users, based on their interaction with the real world, will report the outcome of specific events.

   • The reporting process is completely decentralized. Each node submits their observation by interacting with a dedicated smart contract, allowing multiple independent reports for each event.

2. Collective Intelligence and Validation

   • As more users report an outcome, the platform leverages collective intelligence, where a consensus is formed from the majority of responses. The more participants involved, the more accurate the reported outcome becomes, similar to how blockchain nodes validate transactions.

   • Polyquest itself, acting as a validator, does not resolve outcomes directly but can initiate or deny proposed resolutions to prevent manipulation.

3. Node Rewards

   • Oracle participants (nodes) who contribute accurate reports will be rewarded with $POLY tokens for their involvement in the outcome validation process.

   • Higher accuracy leads to greater rewards, incentivizing users to report truthfully.

4. Decentralization & Transparency

   • Every resolution proposed by the oracle nodes is fully transparent and recorded on-chain.

   • This ensures that all outcomes are auditable, tamper-proof, and viewable by anyone, solidifying trust in the system.