# 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.