Foreon Fridays: Episode 17 — Wrapping Up & Impending V2 Launch
Hello Foreon Community,
We’re back with some exciting development updates for Episode 17!
The Foreon Network team has made significant strides over the past two weeks, completing major functionalities and enhancing the user experience in preparation for our upcoming V2 Testnet release.
🚀 What’s Been Completed Since Our Last Update:
✅ Token Minting Optimization: We successfully updated our scripts to allow the simultaneous minting of YES/NO share tokens during market creation.
This streamlines liquidity provisioning, making the process faster, more intuitive, and efficient.
✅ Order Submission Enhancements: Our research into multi-order submissions has been fruitful!
We’ve now implemented multi-order submission capabilities, enhancing trading efficiency and significantly improving user experience on our prediction markets.
✅ Comprehensive Testing Completed: The development team has meticulously written and executed comprehensive test cases to rigorously validate all the new functionalities.
This ensures our upcoming V2 Testnet deployment will be robust, stable, and reliable from day one.
🎨 Frontend Revamp Finalized: We’re excited to announce that our comprehensive frontend redesign is complete.
This new user interface will deliver a seamless and intuitive experience, making it easier than ever to propose markets, vote on their publication, and actively trade market outcomes.
🔗 API Integration Underway: With the frontend complete, the team is now deeply focused on integrating API collections.
These APIs will allow seamless interactions with blockchain operations for market creation, voting, and trading.
This critical step ensures that users enjoy a frictionless experience from beginning to end.
💧 Clarification on Liquidity Provisioning Flow: Due to blockchain mechanics, creating a market and adding liquidity cannot occur simultaneously, as each action requires a separate wallet signature.
To address this, we’ve adopted the following approach:
Multiple Liquidity Additions: Multiple users can add liquidity to a published market.
Liquidity can be added multiple times by authorized users.
Liquidity additions can be made at any time after market publication but must occur before the market ends or is resolved.
Next Steps: Testnet V2 Launch: Our API integration phase will be wrapping up in the coming days.
Following this, Foreon Network’s V2 Testnet will be live, giving our community the opportunity to experience these new, robust features firsthand.
We will also be publishing the Market Creator Fees and all other fee structures next week.
Stay tuned — exciting times are ahead!
Thank you for your continued support and involvement in the Foreon journey.
Warm regards,
The Foreon Network Team 🌟
