Mefai’s existing revenue model is now expanding with a new economy based on a win win structure
Predict system is built on a self sustaining economic model
Here is how each participant earns within this predict ecosystem
1.) Those who predict correctly (Users)
This is the core purpose of the market
Participants who correctly forecast the outcome of an event receive their share from the pool formed by those who predicted incorrectly
Knowledge and foresight directly turn into financial gain.
2.) Those who create the markets (Content creators)
It is not only about making predictions
Asking a good question is also rewarded
A person who launches a popular or unpopular engaging prediction market that attracts many participants earns a commission called the market creator fee from the total trading volume or pool of that market
This encourages the platform to stay filled with new and interesting topics.
3.) MEFAI Project and MEFAI Token
MEFAI token is the fuel of this entire system
Using MEFAI tokens is required to create a new prediction market or to participate in some existing ones
Treasury revenue
Platform collects a small commission from the total volume or from the winners profit in every market that successfully settles
This fee cannot exceed 0.5 percent.
Value creation
Collected commissions are used for buy back and burn strategies to support the value of the MEFAI token
More the platform is used the more valuable MEFAI becomes
4.) BNB Chain (Infrastructure provider)
#MEFAIpredict is a decentralized application running on the BNB Chain
This means that every action such as opening a market joining a market withdrawing funds or verifying an outcome is a transaction on the network.
To execute these transactions users must pay very small gas fees in BNB
The more popular the platform becomes and the more transactions are executed the more it increases the usage and transaction volume of BNB
We also benefit from being part of this strong infrastructure.
So now anyone, with or without an audience, can start their own prediction market.
Users earn with their foresight.
Market creators earn with their curiosity.
MEFAI project earns by managing the ecosystem and supporting the MEFAI token.
BNB Chain earns by providing the infrastructure for all of it.
#mefai #bnb #bsc #Prediction
Future of Prediction is Here.
MEFAI's AI learned to predict the markets. Now, we're teaching the world to predict... everything.
We are ushering in a new era. An era where any question can become a verifiable, on chain market.
Forget centralized walls. This is prediction by the people, for the people.
1 -) Ask Anything BTC to $100k?,Next US President?,Gold to $2500?
2 -) Launch Instantly,Your question becomes a secure smart contract on the BNB Chain.
3 -)Trust Completely,Outcomes are verified by impartial oracles .
This isn't just an update. It's a merger. We are fusing the analytical power of MEFAI's AI with the democratic power of a decentralized prediction protocol.
New $MEFAI Ecosystem:
A truly permissionless creation process.
Unbreakable on chain transparency.
Market creators and winners share in the success.
A self sustaining economy of information.
This isn't actually new for MEFAI. On the experimental path that began by asking, Why shouldn't users be able to create their own bets in the prediction market? ,things have progressed exceptionally well in the background. We will complete all testnets by #BinanceWeek.
#Mefaipredict will launch before the Mefai mobile app.
It is not a new feature. It is a new standard for Web3. ( Normally mefai never write assertive words. )
Welcome to the on chain prediction revolution.
#MEFAI #BNBChain #AI #DeFi #PredictionMarkets #Web3 #BSC #BNB
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