Polkamarkets Price

Polkamarkets (POLK) is a Web3-powered prediction market platform. It lets you forecast events in areas like sports, crypto prices, politics, and entertainment. You can earn POLK tokens by participating in predictions or by providing liquidity to the platform.

The POLK token is used for various purposes, such as opening new markets and participating in liquidity mining. Liquidity providers earn a share of trading fees, and users can unlock exclusive features and NFTs by holding more POLK. The platform integrates across blockchains like Ethereum and Polygon. 

POLK is available on exchanges like KuCoin and Uniswap, and it has a max supply of 100 million tokens. The project combines decentralized finance (DeFi) with gamification, making it appealing to both traders and enthusiasts who enjoy prediction games.

Polkamarkets (POLK) is a decentralized prediction market where you can forecast real-world events like sports, politics, and crypto prices. You earn POLK tokens by buying and selling event outcome shares or by providing liquidity to the platform.

The platform uses blockchain technology, making it secure and transparent. It works without intermediaries, relying on smart contracts and automated market makers (AMM) to manage trades. You can also create your own prediction markets if you hold POLK tokens. Rewards come from market fees and yield farming, encouraging users to stay active on the platform​.

Polkamarkets (POLK) was co-founded by Ricardo Marques and Francisco Lourenço. It officially launched its token through a Polkastarter IDO (Initial DEX Offering) in February 2021, followed by listing on Uniswap. The platform initially deployed on Ethereum but aimed to transition to Polkadot once Polkadot's smart contracts were ready to support its features. 

The Polkamarkets roadmap emphasizes continuous platform development. Early releases focused on gamifying prediction markets, adding liquidity incentives through DeFi, and incorporating NFTs. In recent versions, Polkamarkets expanded with tools for market creation, curation, and automated market making (AMM). They also integrated with multiple blockchains, such as Moonbeam and Polygon, to enhance cross-chain functionality. 

The platform aims to foster decentralized forecasts in industries like sports and finance, using both on-chain and off-chain data to ensure reliable outcomes. Their long-term roadmap includes features to improve liquidity and user engagement, offering live streams and gamified experiences to attract users.

Polkamarkets (POLK) token serves multiple purposes within its prediction market platform. You use POLK to create, curate, and resolve prediction markets. It powers liquidity mining, allowing you to earn rewards by providing liquidity. Additionally, POLK helps automate market processes, like purchasing tokens via fees collected from trading activities.

One practical use is trading the token itself. You can buy and sell POLK on KuCoin's spot market using pairs like POLK/USDT. This makes it easy for you to participate in the token's ecosystem or trade for profit directly on a popular exchange.

Polkamarkets (POLK) tokenomics revolve around a capped supply of 100 million tokens, with all tokens already distributed and unlocked. Polkamarkets (POLK) token allocation follows a structured plan to support its operations, development, and community engagement. Here's a breakdown of the token distribution:

1. Strategic and Public Sales – 28%

These tokens were allocated to early investors through the token sale to raise capital and ensure initial liquidity.

2. Liquidity Fund – 22%

These tokens support liquidity on exchanges like Uniswap and KuCoin, helping maintain trading activity.

3. Marketing and Rewards – 20%

Allocated to drive platform awareness, partnerships, and user rewards through promotional campaigns and staking incentives.

4. Foundational Reserve – 20%

This reserve provides long-term support for the project’s ecosystem development and operational needs.

5. Team and Advisors – 10%

Tokens are vested to team members and advisors, ensuring alignment with the project’s long-term goals.