Token Utilities

$POLY as the Core Utility Token:

• Node and Validator Staking: Oracle participants and validators must stake $POLY tokens to contribute to the resolution process, ensuring only serious and committed users participate.

• Platform Fees: Fees for participating in the oracle system, submitting data, and validating outcomes are paid in $POLY.

• Rewards: Accurate oracle nodes and validators receive rewards in $POLY, providing an incentive for continuous and accurate participation.

Governance:

• In Stage 2, $POLY holders act as validators with delegated authority. As the system evolves, governance will shift increasingly into the hands of $POLY holders, making them key decision-makers in the future of the platform.

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The Prediction Oracle System empowers Polyquest to be the first fully decentralized, blockchain-based prediction platform, free from the limitations of Web2 data manipulation. It leverages collective intelligence, transparency, and decentralized governance to create a reliable and scalable solution for real-world outcome validation, paving the way for Polyquest to lead in the Web3 space.

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This document outlines the complete process from oracle node participation to the eventual goal of a fully decentralized Prediction Oracle Chain, ensuring that Polyquest is scalable, secure, and maintains its decentralized ethos.