1st Week Review & Looking Forward

Chance Markets debuted on the Avalanche C Chain on December 1st, a little over 1 week ago from the publishing of this article. In that time, the contributors to Chance Markets have accomplished many technical, social, and other unique goals.

We initially launched with five different Daily Markets, this included AVAX, BTC.b, JOE, QI, and COQ. On Wednesday, December 4th the $AVAX Hourly Market went live. We have already completed over 157 Hourly Market rounds on C Chain with over 100 AVAX in reward pools.

On Friday December 6th, we announced the submission of our Retro9000 application with the debuting of Chance Chain. Chance Chain is a sovereign L1 blockchain that will host our Custom Oracle System called Chance Oracles. Chance Chain will also host our Custom Prediction Markets. You can view our entire application to Retro9000 here.

This week, you can expect to see the Chance Market Leaderboard go live on the website. This Leaderboard will include the top predictors on Chance Markets. It will also give insight into who are the most bullish and bearish predictors on the platform. The leaderboard will also show who are the top refers to Chance Markets.

$predict is the memecoin of Chance Markets. The Chance Markets Treasury owns a mere 1% of the total supply, with plans to use that supply to stimulate growth with the Chance Markets ecosystem.

There are two main ways the Treasury $predict tokens will be the used. The first being LP incentives. Early adopters of the LP lockers will be rewarded with bonus $predict tokens. Additionally, we plan to use Treasury tokens to reward early users of the Price Prediction Markets, with round incentives, repeat usage campaigns, and airdrops.

The simple overview of the $predict utility plans are: Stake predict/avax LP tokens, earn platform fees. Lock predict/avax LP tokens, earn platform fees. Burn predict/avax LP tokens, earn the most platform fees. More details about the $predict LP staking system will be revealed in the coming weeks, as we approach the launch of the system.

$predict will be used within the Chance Chain ecosystem.

You can also now track $predict on DeBank, Core Wallet, Dexscreener, Dappradar, & coingecko.

There are several upcoming daily markets to Avalanche including for SOL, ETH, XRP. All three of these tokens will have their daily markets launched this week.

In the coming weeks, there will be several daily markets for a different asset classes including precious metals. This include daily markets for assets like Gold and Silver. We expect these to go live in around Christmas 2024.

Chance Markets has made significant strides since its recent launch on Avalanche C Chain. Key developments include the launch of hourly markets, the announcement of Chance Chain, and the upcoming launch of new markets for various assets. The platform's native token, $predict, will play a crucial role in incentivizing user participation and driving ecosystem growth. Stay tuned for more updates on all of these topics and more in the coming weeks.