SuperUMAns #68 - Winter Wonders, UMfluencers, FORE Protocol and UMA TVS

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Written by

#Club1BCH

10 months ago

Topics: UmA, FORE Protocol, FORE, Predition Markets, Cryptocurrency, ...

Earn a share of 15,000 $FORE with the Fore Protocol zealy quest! Over the next two months, community members will be able to earn a share of 15,000 FORE through various activities that support the growth of the FORE ecosystem.

https://zealy.io/c/foreprotocol/invite/Mob54yGBlSJtedKVTOHwq

Join the Fore Protocol discord for updates and extra XP.

https://discord.com/invite/Wkq8vcpq

The UMfluencers Program started in September, and instantly become one of the most exciting programs I ever managed. The vision was to create a place where people with knowledge about UMA tools and products to highlight their tweets and threads. Crypto savvy people with a good reputation in the social media space would have the chance to grow their audience and be rewarded.

Research, write, share and earn $UMA tokens. This is a brand new SocialFi idea that I created, implementing a point system that is Sybil resistant and both centralized and decentralized.

We concluded the third month of the program with incredible growth in attendance and quality. You want to become an UMfluencers? Join the UMA Discord, sign up for the “UMfluencer” role from Channels & Events and write tweets and/or threads about any other UMA product.

Let's start with December topics, and house rules! It's winter bonanza, with a wide range of choices. The UMfluencers topics are UMA Total Value Secured, and the ATH TVS achieved in November, or share a research about how UMA's Optimistic Oracle as a tool for prediction markets.

The Optimistic Oracle is the best tool for prediction markets. How it works? The funds are locked in smart contracts, so traders who predict correctly receive instant payouts. Decentralized prediction markets don’t ask for KYC details, as the users will only need a Web3 wallet to participate. Everything is transparent as all data gets recorded on-chain and the participants can see where the funds are going.

The prediction markets sector was enhanced by UMA's optimistic oracle, and it is clear that the tool revolutionized the landscape. The tool came to decentralize prediction markets and solve problems associated with traditional venues. The Web3 platforms helps users bet on current events in sports, politics and more. The OO uses game theoretical principles to find a Schelling Point for any outcome, which makes it a powerful tool for resolving disputes.

Our world is people-powered, and centralized entities are increasingly utilizing people’s behavior and activity to problem-solve, predict outcomes, and generate revenue. But while the power of people has been realized, it is rarely rewarded.

FORE Protocol has created a tokenized incentive economy to mobilize and reward the wisdom of the crowd to problem-solve at scale. FORE utilizes a decentralized network of people to bridge the gap between the real-world and the blockchain, forming the foundation for web3 solutions that remove friction from real-world industries.

FORE Predict is a truly decentralized peer-to-peer predictions ecosystem powered by people. The users can create prediction markets, determine market odds, participate in markets against each other, and validate the market outcomes.

Will Bitcoin finish 2023 above $43,000? Pick your side at ForeProtocol! This is just one of the markets I created, and a good opportunity to earn $FORE. Market creators are rewarded with 0.5% of the market size.

The platform fees are redistributed to users for all productive activities like creating and validating prediction markets, creating a self-regulating and self-sustaining ecosystem where .... the house doesn’t win! The users are the big winners, as they earn points for each action, and earn even more by becoming Fore Analysts.

The analysts on FORE Predict will participate in market resolution by confirming market outcomes, contributing to a decentralized and trustless environment. For their contribution, they are rewarded with 2% of the total market size, ensuring that analysts have an incentive for correct validation.

Does it sound interesting? You can dive into Fore Protocol and tap into two offers, curtesy of the Fore referral program:

Take a position in a market and receive $10 worth of $FORE
Join Fore Predict and earn 50 $FORE

We have a new alpha! Infinity won the UMfluencer of the Month for November. He smashed the charts, being in the top for community votes, Twitter impressions and Ambassador points.

Steve and Byron were close, sharing the second place and receiving 40 UMA each. Heruvim and Smarty were tipped 30 $UMA for their November's leaderboard position, while idksamad, TheRealTuna and Victor received $10 UMA for their good entires.

It's December, and PVM aspires to be like Santa! Everyone was rewarded with $UMA tokens, as a token of appreciation for the hard work and effort they put into their UMfluencer journey. See you all in 2024!

The top 10 entries with the most community votes and impressions were awarded points. As the number of entries and the participation increased, the system had to be enhanced and upgraded. We will maintain points for memes and art, as well as the bonus points for quality. The UMA Ambassadors will reward the best threads, and the creators will receive up to 4 points.

The change will affect community votes and the way the number of impressions are ranked. The number of UMfluencers that will receive points will be extended to 15 as it follows:

The threads/tweets with most votes and impressions will receive 6 points for each category, while the second place will receive 5 points. The next four UMfluencers posts will receive 4 points, while those ranked between seventh and ten will be awarded 3 points. The 11th and 12th entry will receive 2 points, and up to 15th place will score one point.

We aim for both quality and quality, and this is why all entries that score more than 1000 impressions on Twitter will receive one extra point. The visibility bonus can be extended up to 5 points, one for each extra thousand impressions. This system takes into consideration the perpetual growth in participation and will be maintained until further notice.

Join the UMA Discord, sign up for the “UMfluencer” role from Channels & Events and start writing. Focus on TVS, Optimistic Oracle or the Fore Protocol Integration for extra points, and grow your audience by following the other UMfluencers. There' You could win up to 50 $UMA, and evolve as a content creator. We grow together!

December Prizes: