Foreon Fridays: Episode 5

Foreon Network
2 min readSep 13, 2024

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Hello Foreon Community!

Welcome to the 5th episode of Foreon Fridays weekly series where we update the Cardano community on the progress we have made building Foreon Network, the first prediction market on Cardano.

We’re excited to share this week’s accomplishments as we push forward towards our launch on on Cardano pre-prod testnet.

Here’s what’s new:

✅ Order Management (Completed!)

The order management system is now fully implemented!

Users now can seamlessly place and manage their orders on the platform.

🛠 Auto Market Resolution (Completed!)

We’ve completed the integration of the automatic market resolution system, making market settlements faster and more reliable.

🔄 Full Flow Testing & Optimization

We’ve entered the final testing phase, running through the full flow.

Our focus is now on fixing any remaining bugs and continuing performance optimizations for a smoother user experience.

⚠️ Note on Decentralization

As we move towards a fully decentralized prediction market on Cardano, please note that many actions will be executed on the Cardano blockchain.

This can introduce some delays in certain actions, as blockchain transactions take time to confirm.

We appreciate your understanding as we gear towards our testnet launch which is projected to kick off as early as next week.

The private testnet would only be available for users who own at least one Foreon NFT.

More details on how to participate in the testnet will be shared next week.

Things To Expect Next Week:

Foreon Cardano Pre-Prod Testnet Update

Refreshed Foreon Pitchdeck (A Pre-IDO Round Around The Corner)

Your support and feedback keep driving us as we fine-tune the future of prediction markets on Cardano!

Have questions or feedback? Feel free to reach out — we always here to help!

Keep up-to-date with Foreon Network:

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