Foreon Fridays: Episode 1

Foreon Network
2 min readJul 26, 2024

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Hello Foreon Community…

We will start by tendering our unreserved apology for being out of touch for sometime…

We touched grass… Literally.

But……

We are excited to announce that..

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The first prediction market is coming to Cardano sooner than you think.

Definitely before the end of the year and we are excited to share some updates going forward.

We suffered a little set-back as some of our initial founding team members departed and as a result of that we had almost half a year of no-activity.

But with that behind us as we now have a new, competent and more hands-on team who is on-board and our resolve is further strengthened to bring Foreon Network Idea to fruition.

To spice this up a little bit since many of our early supporters have been saying that Foreon lost it’s flavor, we are re-introducing our weekly development update in a new form: Foreon Fridays!

We will keep things brief and dive straight to what our new development team has been up to:

The team is reusing the Connect Wallet function as it works well

Rebuilding the base source code

The team resolved to store all transactions history on chain to promote transparency.

Proposed two options on how to settle markets through oracles.

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That’s not all..

Also we are re-evaluating the current tokenomics and we will have decided to rewards the Foreon NFT holders with more token bonuses.

More details about this will be shared in the next medium post.

Warm regards,

The Foreon Network Team

Keep up-to-date with Foreon Network:

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Foreon Network
Foreon Network

Written by Foreon Network

Decentralized Prediction Market On #Cardano

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