29 June- YOLOrekt launches on Polygon. YOLOrekt is a social and fun way to bid on the future price of crypto. Gamers can now provide in-game liquidity to earn game fees and YOLO rewards.
Gamers can now predict the future prices of their favorite cryptos like Bitcoin (BTC), Ethereum (ETH), Tesla (TSLA), GameStop (GME) to earn rewards.
Game-bet cycles have three stages with a total of 3 minutes –
Strike Price discovery (30 seconds)
Placing bets (60 Seconds)
Wait-n-See (90 Seconds)
Once these cycles are completed the prediction gets decided and the betting pool is awarded accordingly.
The full-stack scaling platform of Polygon, chips in to contribute to the ultra-low transaction fees & swift transactions. These add up to the value proposition in terms of user experience & profitability of the trades.
YOLO’s token issuance is the first of its kind in the market as the YOLO token shall be issued on both Polygon and Ethereum. This is termed as “synced token dual-issuance”.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M+ txns, and ~13.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
About YOLOrekt
YOLOrekt is building a comprehensive short-term prediction platform for crypto, stocks, and more. YOLO is a social and fun way to bid on the future price of an asset. Provide in-game liquidity to earn game fees and YOLO rewards.
Source : blog.polygon
