Foreon Fridays: Episode 3

Hello Foreon Community! Welcome to the third episode of our Foreon Fridays series.

We’re back with another exciting update as we continue to build the future of prediction markets on @cardano!

We have some new weekly update on the progress we have made developing Foreon Network.

Here’s what we’ve been working on this week:

📜 Order History Development

We’re developing an order history feature that will allow users to see their transaction history, view the shares they hold, and claim rewards directly from the interface.

This feature is still in progress, and we’re working hard to bring it to completion.

📈 Share Price Graph Implementation

We’ve started implementing a graph that displays the price of shares over different time ranges, including weekly, daily, hourly, and all-time views. This will help users gain insights into price trends and market movements.

🔧 Market Detail Improvements for Administrator

Our team has been enhancing the market details interface for admins, making it more robust and user-friendly to manage markets effectively.

🛠 Market Resolution Integration

We’re continuing the integration of market resolution systems. Although still in development, we’re pushing to complete this as soon as possible.

📱 Mobile Responsiveness

We’ve begun implementing responsive design features to ensure our web app displays correctly on mobile devices. This will allow users to access the platform seamlessly on the go.

⚙️ Performance Optimization Challenges

As we continue to build out the Foreon Network, we’ve encountered significant performance challenges, particularly with order matching.

Unlike traditional off-chain systems, our transactions are saved on the Cardano network, adding complexity to the process.

This integration with a decentralized blockchain requires us to optimize multiple layers of the system, from transaction processing to data retrieval and storage.

The Cardano network’s unique architecture provides incredible security and decentralization benefits, but it also introduces challenges that are different from those found in off-chain environments.

We’re working diligently to optimize these processes, and we’re confident that with continued effort, we’ll enhance the performance and stability of the platform.

We’re excited to share these developments as we move closer to launching Foreon Network on Cardano.

We also have some other interesting updates to share as our landing page has undergone a little makeover, you can visit the updated website here.

Also our litepaper has been updated, with new information on the tokenomics and vesting period and an updated roadmap.

you can as well check it out here.

We will be releasing our updated investor deck in the coming weeks are we gear up for testnet launch and our upcoming IDO.

Stay tuned for more updates by joining our Discord community. Also follow us on X.

Your support is invaluable, and we’re eager to keep building the future of prediction markets on Cardano together! 🌟

Got questions or feedback? Feel free to reach out to us beep@foreon.network — we’re always here to help!