YOLOrekt — a decentralized short-term forecast market platform, built on the blockchain. It includes key attributes such as the most intuitive, hyper-gaming setup and the presence of Social-Fi elements.
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Information about the DeFi project YOLOrekt
The core technology of the platform enables the settlement of markets within seconds on the blockchain. As a first offering, users will be able to predict whether the final price of an asset will be higher or lower than the strike price by placing bets on the outcome. These are “Bid Up” or “Bid Down” games. Access to both sides of the market is transparent and simple, and the intuitive user interface allows you to bet on any available market, making options trading as easy as possible.
YOLOrekt will allow users to predict short-term fluctuations in various popular assets, including Bitcoin (BTC), Ethereum (ETH), Tesla (TSLA), GameStop (GME) and others. As a first suggestion, the prediction game is based on a 3-minute run time that is repeated after each calculation. The user simply has to place a bet and choose whether the price will go up or down within a 3-minute time frame.
Open governance is a key component of the dApp community and YOLOrekt intends to actively promote a decentralized governance mechanism. This approach is based on a combination of social consensus and powerful DAO contracts that can make arbitrary calls to external contracts to drive the YOLO smart contract system. At the moment, the governance model has appeared to manage important game parameters, specifically those related to fees and payouts, reward parameters, oracles, registered main contracts and approval of new game offers, and the balance of treasury and administrator tokens.
Management will include:
| 1. | Add/remove new markets, based on control votes. |
| 2. | Voting mechanism for token holders. |
| 3. | Increase/decrease deposit or stake limits by voting. |
In the future, binary options, multi-strike price and multi-output games will be added to the game set. In addition to expanding its asset portfolio, the team also plans to launch short-term gaming sports markets.
YOLO XFT
YOLO XFT — a first-of-its-kind introduction to updatable market XFTs that store user (also known as XFT owner) metadata. This is a game to earn (P2E) in an elegant DeFi format. The metadata will be updated in real time on a case-by-case basis, based on user participation. In addition, these XFTs can be updated as the necessary conditions are met.
YOLO XFT is not required to access YOLOrekt. These XFTs stand at the crossroads between the launch of YOLOrekt and its first set of loyal users. There are 6 levels of XFT with gradually increasing rewards. Each XFT is directly linked to the user who currently owns it and its user's contribution to the YOLO markets in the form of stakes. The token can be upgraded after it reaches certain staking thresholds.