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Cryptocurrency News Articles

Community Gaming to Launch Forkast, an On-Chain Prediction Market Platform, on the Ronin Blockchain on January 7, 2025

Dec 26, 2024 at 01:38 pm

This launch aims to expand Ronin’s ecosystem beyond gaming, marking a significant step towards consumer-oriented decentralized applications (dApps).

Community Gaming to Launch Forkast, an On-Chain Prediction Market Platform, on the Ronin Blockchain on January 7, 2025

Community Gaming is preparing to launch Forkast, an on-chain prediction market platform, on the Ronin blockchain on January 7, 2025. This launch will see Forkast become the first consumer-oriented decentralized application (dApp) to launch on Ronin, expanding the blockchain’s ecosystem beyond gaming.

Forkast will allow users to trade tokens based on their predictions of future events, with the platform rewarding participants for correct predictions. In addition to the standard rewards, Forkast will also offer users daily quests, place them on leaderboards, and provide weekly loot boxes.

To make engaging with Forkast easier, the platform will be integrated with Ronin Waypoint, which will reduce transaction fees and simplify the onboarding process for new users. Ronin Waypoint users will also gain access to exclusive benefits, such as special events and priority features, making it easier for newcomers to explore blockchain-based activities.

The launch will also coincide with the introduction of the $CGX ecosystem token, which will be available on the Katana decentralized exchange (DEX). This token will form the basis of Forkast’s reward system, offering incentives for user participation and activity within the platform.

As a core contributor to the growth of Ronin and Axie Infinity, Community Gaming is expected to leverage its existing base of over 100,000 active monthly users to boost Forkast’s adoption. This move will not only diversify Ronin’s utility but also create opportunities for new users to join its expanding ecosystem.

Forkast’s introduction marks a shift towards a more consumer-friendly approach for blockchain applications. By combining prediction markets with engaging features and blockchain rewards, it offers both experienced users and newcomers an accessible entry into decentralized finance.

As January 2025 nears, interested participants are encouraged to follow Forkast’s social media channels for the latest updates. The platform’s innovative features, coupled with the $CGX token’s launch, promise to redefine the user experience on Ronin and beyond.

News source:igaming.org

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Other articles published on Dec 27, 2024