A new prediction market platform Truemarkets finally launched in November 2024 after increasing more than $ 4 million via its public Oracle Patron NFT sales, with buterin minting 400 NFTs.
Truemarkets (True), Base Layer 2 Blockchain built on blockchain is the market platform Officially startedSimilar to polymercate, Truemarkets bring the real-world data into ecosystem, breaking the headlines in various subjects (politics, pop culture, etc.) in real time. Like polymercate, it allows users to bet on the results of events, reflecting the current public sentiment.
Additionally, Truemarkets encourages participation by providing prizes for accurate predictions. In particular, Truemarkets creates a business market where people can buy and sell tokens “yes” and “no” to each forecast landscape (such as Solana (SOL) ETF will be approved by the end of 2025?). The price of “yes” and “no” tokens continuously changes on the basis that the possibility of the market is each answer. Traders and liquidity providers buy/sell tokens, adjusting prices. After the event actually occurred, to the token Correct The answer can be redeemed for $ 1 each. Tokens to conform Wrong The answer became useless.
The long -awaited launch of Truemarkets comes after raising $ 4.03 million through its public NFT sales by the company. In particular, the company sold 15,071 of its OraCle Patron NFTs at the price of 0.08 Ethereum (Eth). Vitallic Butterin bought 400 NFTs of 32 Aths. Truemarkets will allocate 40.03% of their total 100 million True token supplies to the patron NFT holders in the upcoming aircraft. True will only act as a governance token.
