POLYQUEST
  • 📚INTRODUCTION
    • Overall
      • About
    • FAQ
    • IMPORTANT NOTICE
  • 📈Tokenomics
    • PRE-TOKENS
  • 🖥️FEATURES
    • Winner Takes It All
    • Staking Mechanism
    • SPL Token Pool
      • Supported Tokens
    • APY-to-Prediction Conversion
      • Smart Contract Logic
      • Supported Platform
    • Copy Prediction Trading
    • Prediction Position Trading
    • Prediction Meme Coin Launchpad
    • One-on-One Prediction Match
    • Market Contract API
  • Solana Ecosystem
    • Wormhole
      • User Guide
      • FAQ
    • Blinks
    • Integrated Tokens
  • 🌠POLYQUEST FOR
    • STAKEHOLDERS
      • Profit Sharing Model
    • USERS
      • Earnings
      • How to Guides
        • How to Login
        • How to Vote
        • How to Claim
        • How to Check Results
        • How to Host
    • AFFILIATORS
    • PARTNERS
  • Prediction Oracle
    • Prediction Oracle System
    • Stage 1: Decentralized Oracle Nodes
    • Stage 2: Governance Group and Validator Role
    • Stage 3: Polyquest Prediction Oracle Chain
    • Smart Contract Logic
    • Token Utilities
  • 📚Reference
    • Wallets
    • Roadmap
      • To Do List
    • Update
      • Recent Updates
      • Upcoming Features
      • Achievements
  • ⚡RESOURCES
    • External Links
    • Proposals
    • Brand Kit
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  • $POLY as the Core Utility Token:
  • Governance:
  1. Prediction Oracle

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.

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.

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.

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Last updated 7 months ago