PredX sets itself apart from competitors like Polymarket by offering a user-centric platform that allows for decentralized event creation and community engagement, fuelled by AI and blockchain technology. The initiative aims to enhance the accessibility and relevance of prediction markets while incentivising creators with unique rewards.
PredX is launching a new initiative aimed at enhancing Web3 prediction markets by integrating AI and blockchain technology. Unlike competitors like Polymarket, which limits users to betting on pre-listed markets, PredX allows users to create and promote their own events, fostering greater community engagement and participation.
Prediction markets have gained traction, with the sector’s Total Value Locked (TVL) doubling to over $59 million by June 2024. However, platforms like Polymarket lack decentralized, user-generated event creation, restricting the potential market reach.
PredX aims to fill this gap with its AI-assisted platform, enabling users to tailor events to their communities. Additionally, it offers creators “AI Agents” to help identify high-engagement topics based on community interactions. The platform also boasts a unique tokenomics design that rewards event creation and promotion, aiming to drive sustained user engagement.
As part of an ongoing campaign, PredX is offering special rewards to the first 100 creators who sign up and start generating events. Participants will receive a 50% commission on their event’s trading volume and 5% of the market cap of the losing side, paid in USDC.
PredX’s user-centric approach and advanced technology aim to broaden the relevance and accessibility of prediction markets, contributing to the growth of the ecosystem.
