Our new Litepaper is live and ready to view! The Litepaper further explains our solution to an aging prediction market industry, and how through a democratic and scalable blockchain design, we are in an optimum position to upend the status quo and bring forth a pioneering model.
You can now access the official updated Wallfair Litepaper or our new Onepager on our website.
Wallfair is a blockchain-powered platform aiming to make prediction markets entertaining, simple, and social in order to match the market demand of a highly connected generation. By focusing on the prevailing market dynamics, Wallfair differentiates itself from other market prediction platforms, by focusing more on the user experience rather than the prediction itself.
Having identified the challenges in traditional prediction markets, such as hefty fees, as well as drawbacks in cryptocurrency prediction markets, such as primitive UIs, we created an innovative solution that defines an exemplary and modern prediction market. Wallfair merges all the great features of traditional and cryptocurrency prediction markets and integrates our own unique features in order to make the experience compelling and irresistible for all generations.
Wallfair is built on Polygon network, an Ethereum Virtual Machine (EVM) compatible chain, and carefully designed in a manner that allows for advantageous cross-chain solutions if required. These advantages enable Wallfair to leverage blockchain technology without the end-user experiencing blockchain’s complexities.
The Wallfair Ecosystem
Wallfair’s comprised of features that are geared towards making the prediction market as engaging and incentivized as possible. In addition, through a carefully designed token economic model and token utility mechanisms, Wallfair ensures a sustainable framework that will continuously promote a healthy and growing ecosystem and increased network adoption.
Event Creator Program
A good example of an incentivization feature utilized by Wallfair is the Event Creator Program (ECP), which gives all users the opportunity to enhance their rewards. Through a tier system, users are encouraged to increase engagement across their events, in order to climb the tier system, and receive larger reward percentages. This consequently inspires event creators to attempt to build a community, in order to sustain a continued attraction for their events, further boosting ecosystem growth.
Wallfair Native Token: $EVNT
$EVNT token is the primary token of the Wallfair ecosystem and one of our crucial features needed to achieve maximum profitability. It creates provisions for various activities such as event creation, event participation, liquidity provision, and dispute resolution. Through these activities, holders of EVNT can generate more EVNT tokens that can be used to access services within the Wallfair ecosystem, thus creating a positive feedback cycle where positive actions are rewarded for inducing increased positive behavior.
The tokenomics of Wallfair is as represented in the chart below.
To prove our dedication to the project and encourage investor faith, the team tokens have a lock-up period of 12 months.
The Wallfair Team
Our Wallfair team consists of several experienced industry specialists, who all share a common entrepreneurial mindset. Each team member has substantial experience in the predictions markets industry and the skills needed for sustained growth and evolution of the Wallfair platform. Led by our CEO Sebastian Diemer, who’s responsible for over €300 million in capital raised (in previous ventures), and supported by team members with a proven track record of commercial success, the Wallfair team has the requisite ingredients and expertise needed to bring their vision into a reality and install a new paradigm for prediction markets globally.
Wallfair is a democratic prediction market platform built on scalable blockchain technology and designed with usability, entertainment, and mass-market adoption at its heart. Led by industry specialists and utilizing cutting-edge blockchain technology, Wallfair plans to revolutionize the prediction market industry, by introducing a compelling modern solution that attracts all generations.
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