NODO Launches ‘Prediction Market’, a New Blockchain-Based Platform Enabling Users to Predict The Future & Monetize Financial Insights
August 7, 2024 – NODO, a leading Web3 community platform, today announced the launch of its Prediction Market to enable users to trade on real-world events as well as earn from skilled market speculations and financial insights.
Since 2023, NODO has built a thriving community of over 300,000 blockchain enthusiasts across 14 countries. Through strategic partnerships with industry giants like Tether, the company has established itself as a trusted platform for blockchain education as well as showcasing products and connecting them with international investors.
“NODO’s newly launched Prediction Market is an opportunity for retail traders in high-growth markets to build wealth. With this product, we aim to attract new users, empower them to become influential investors and boost financial literacy in developing markets,” said Shogo Ishida, Co-founder & Chief Executive Officer at NODO.
After starting in Africa, NODO is now expanding into emerging, high-retail blockchain markets. The company is launching its product on the Avalanche and Polygon networks, which have a strong presence in the target markets.
The Prediction Market will focus on providing users with the opportunity to trade on prediction polls centered around trending financial market topics, including crypto and stocks with high trading volumes, uptrending and downtrending digital assets, as well as memecoin communities, where events and sentiment can significantly impact asset prices.
Beginning today, NODO will provide earning potential for its community members, including:
- Stablecoin winnings for correct predictions
- GEM rewards from airdrops based on user activity
- Tokens from third-party partnerships
At launch, early users will enjoy financial rewards from campaigns, ongoing profit mechanisms like leaderboards, and other incentive structures to encourage continued user engagement and trading activity, as well as eligibility for future token distribution based on participation and performance.
“NODO provides a range of incentives for new, emerging, and established retail-sized cryptocurrency traders. These traders can earn from their market speculation and financial insights, as well as benefit from exclusive earning opportunities through NODO’s community campaigns and collaborations with partners,” said Sowmya Raghavan, Co-Founder and Chief Operations Officer of NODO.
The mid-term focus of the business roadmap is divided into two phases:
1. In the first phase, the primary objectives are to maintain the narrative of the prediction market, test the prediction market to assess its further potential, add SocialFi products like Engage2Earn and Refer2Earn and demonstrate the viability and success of the model.
2. The second phase aims to expand the product offerings. This includes adding leverage, margin trading, and other high-margin products to extend the use case. Additionally, preparations will begin to introduce more trading-related features, staking, and other yield-generating options.
Looking ahead, the long-term roadmap is divided into two further phases:
3. Phase three focuses on incorporating decentralized finance (DeFi) and yielding farming features to retain users. This will involve adding staking and IPOR integration to increase the idle yield and utility of the $GEMS token.
4. Phase four involves expanding into infrastructure by leveraging decentralized identity (DID) and implementing copy trading features. This will include the integration of a copy trading pool, DID, and the integration of third-party trading products.
The Prediction Market is an additional incentive layer to NODO’s existing offerings, which include the NODO Feed – a platform providing specialized blockchain insights and analysis for investors; NODO Wallet – a self-custodial native wallet that secures users deposits, earnings, and withdrawals, and NODO Gems – an initiative that offers exclusive earning opportunities to community members through campaigns. By adding the Prediction Market, NODO is further empowering its community to capitalize on their market knowledge and insights.
By offering a combination of immediate rewards, ongoing incentives, and long-term token distribution, NODO aims to create a compelling and engaging platform for its early adopters.
About NODO
NODO is a community-backed prediction market platform where users can seamlessly transact and trade on real-world trends while also earning rewards for sharing their financial insights.On NODO, you can access market insights from community pros to make better-informed predictions. Traders who share their credible analyses can also earn from contributing to the knowledge hub for NODO participants.
For more information, please contact:
Chidubem Emelumadu
E-mail: [email protected]
