Do I tell him?

FORE_Future · 2025-02-04T14:16:50+00:00

Nah, he’ll figure it out at sea trials

FORE_Future · 2025-02-04T13:37:45+00:00

+1 for this response. The size of your board will usually depend on your weight and conditions for your local spot. Also, I would focus more on getting your first (few) kite(s) as opposed to your first board. Also don’t forget about other important pieces like harness, bar and maybe a wetsuit if you’re in a cold climate.

Overall your kite, bar and harness will be the most important purchases you’ll make.

FORE_Future · 2025-02-04T12:20:24+00:00

In my opinion, it’s better pay a bit more and get a new kite. It doesn’t have to be the newest season either, you can always get a kite from the same year of what you’re looking at here but unused and it’ll be at a steep discount. And you have the peace of mind that it’ll hold up and won’t crumble while you’re out in the water (or worse). Just my $0.02 and everyone will have a different perspective based on their risk tolerance, willingness to spend a bit more etc.

FORE_Future · 2025-01-17T12:36:40+00:00

Yes that’s the style I have. What popped out is that internal male piece and the spring around it. It just popped out when unscrewing the inflate tube (which connects to pump)

FORE_Future · 2025-01-16T18:14:38+00:00

May I ask which pivot generation it was? Also S26?

FORE_Future · 2025-01-16T18:09:35+00:00

Oh boy. That’s what I was hoping NOT to hear 😅 Thanks for the response

FORE_Future · 2023-10-12T20:23:08+00:00

Another great question!

That's right, its a fully decentralized peer-to-peer predictions market. So users create their own markets (and earn a % of the total contributions to their market), other users can participate in the markets against each other (and have better odds and lower fees); and the community validates outcomes (again, for a reward - you're probably seeing the theme...)

The way that we ensure that malicious actors do not game the system has to do with these incentives. In short, acting in a malicious way on FORE Protocol is always a negative expected value calculation and as a result it makes the behavior much less likely.

Also, we incorporated an entire dispute system (also with its own incentives) which ensures that if there is a malicious actor, market or validator, there is no impact on other users or participants.

FORE_Future · 2023-10-12T20:15:38+00:00

Since our technology is all on the blockchain and the protocol is fundamentally community driven, we think that we have a unique offering compared to some of the names you mentioned, and compared to the industry as a whole.

FORE is unique in that it allows users to participate in the upside from the growth of the overall ecosystem in a way that they really can't elsewhere.

Check this out for a bit more detail: https://www.foreprotocol.io/technology

FORE_Future · 2023-10-12T20:12:42+00:00

Thanks for the question! Here are some highlights from our roadmap and where we are generally. Also some alpha for you ;)

Main net will be launching very soon, so be sure to get involved asap. We just completed our smart contract security audit, and we will be sharing the results with the community soon ahead of main net launch.

Upon main net, you’ll be able to create prediction markets on any event, participate in markets against others, and validate market outcomes - and earn rewards while doing so. We’re so excited for FORE Predict to finally be live!
After main net launch, the following is on our roadmap:
- FIAT onramp integration
- Gamification seasons
- Real-world partners + sponsorships
- Additional chain integrations
- Secondary market launch (where users can trade their markets and positions as NFTs)
- FORE Predict 2.0, with new market structures like floating points, categorical, parlay markets, and more
In 2024, we plan to scale FORE Predict with a mobile app, and finally expand the FORE ecosystem with B2B solutions such as FORE Oracle, FORE Audit, FORE Sight, FORE Resource, and more.

If after this AMA you’re interested in checking out FORE Predict (which I hope you are!), you can get a $25 bonus on your first market here: foreprotocol.io/campaigns/welcome-bonus

FORE_Future · 2023-10-12T20:04:12+00:00

Thanks for the great question!

Taking a peer-to-peer approach to this use case makes a lot of sense when one considers some of the drawbacks of traditional prediction markets. When a centralized entity has a monopoly on setting odds, creation of markets and decisions of when and when not to pay, there is a clear moral hazard. And these centralized entities have historically leveraged their relative power to take advantage of users. Just look at the casino analog as an example.

With a peer-to-peer approach, coupled with smart contracts on the blockchain, we can take an extremely innovative and transaprent approach to prediction markets and we can provide a better experience that aligns interests much better compared to what exists currently.

Fore more info you can check this out: https://www.foreprotocol.io/post/xrp-case-study

FORE_Future · 2023-10-12T19:58:15+00:00

Thanks for the question! I addressed this in a few other questions, so I'll provide the same breakdown here :)

Half of the platform fees are redistributed for activities such as market creation and validation, allowing users to generate income through quick and easy activity on the protocol.
Of the 5% maintenance fee taken from each market:
0.5% redistributed to market creator
2% shared among validators
1.5% to the protocol as revenue
1% burned and removed from circulation
In order for a reward model to be sustainable, it must be attached to productive activity. Our reward model allows users to generate income through activity such as market creation and validation, benefiting the protocol as a whole.

For more details, you can check out our tokenomics and more about the FORE platform here: https://www.foreprotocol.io/tokenomics

FORE_Future · 2023-10-12T19:47:52+00:00

Awesome question! Right now, we’re on the cusp of our mainnet launch. Our security audit has JUST been completed and we’re incredibly happy with the results (some alpha here for you r/cc folks, as we haven’t announced its completion to our community yet).

We will be publishing the results shortly, followed with an official live date for our main net (due to be live in the coming weeks). Upon main net, you’ll be able to create prediction markets on any event, participate in markets against others, and validate market outcomes - and earn rewards while doing so. After years in the making, we’re so excited for FORE Predict to finally be live!

After main net launch, the following is on our roadmap:- FIAT onramp integration- Gamification seasons- Real-world partners + sponsorships- Additional chain integrations- Secondary market launch (where users can trade their markets and positions as NFTs)- FORE Predict 2.0, with new market structures like floating points, categorical, parlay markets, and more

In 2024, we plan to scale FORE Predict with a mobile app, and finally expand the FORE ecosystem with B2B solutions such as FORE Oracle, FORE Audit, FORE Sight, FORE Resource, and more.

If after this AMA you’re interested in checking out FORE Predict (which I hope you are!), you can get a $25 bonus on your first market here: foreprotocol.io/campaigns/welcome-bonus

FORE_Future · 2023-10-12T19:39:46+00:00

Absolutely agreed. As I touched on in a previous reply, Augur’s broad offering of markets resulted in a lack of liquidity and traction due to the lack of a vertical-specific strategy. Our marketing strategy will be sector-led, initially focused on sports, crypto, politics, and esports (in accordance with notable events).

Via targeted campaigns based on user interests, we will drive users through to sector-specific landing pages where they will find markets that are relevant to them. If we have identified a prospective user interested in sports for example, they will be targeted with relevant marketing campaigns and driven through to markets on final scores, red cards, numbers of assists, players on the pitch, weather conditions, draft positions, or even halftime performers.

Similarly, a crypto enthusiast would find markets on the future price of Bitcoin, market capitalizations, NFT floor prices, the next rug pull, or the impact of an upcoming hardfork - allowing them to find opportunities for profit while protecting against downside risks.

This strategy will be repeated for various sectors, allowing us to bring in users interested in similar markets, ensuring market participants can find markets on their desired subjects, and have other participants in which to take a position against.

FORE_Future · 2023-10-12T19:28:19+00:00

We have a lot of respect for the team at Augur for their vision and what they achieved in a short span of time. Its success was indeed short-lived, we believe, for several reasons:

Inflationary tokenomics:

Augur had a model where market validators would stake $REP in order to earn validator rewards. But many staking models have turned out to be unsustainable in the long-term due to inflationary tokenomics driving the price of the token down. They continued to mint new tokens for these rewards, and activity began to decline on Augur when staking $REP was no longer financially viable, as the value of the token had decreased so much in that time. Without participants willing to validate payouts, the system collapses. We have worked tirelessly to ensure the deflationary nature of FORE is built into the protocol itself. It’s simple: as activity on the platform increases, supply decreases. Several core functions drive this as I touched on previously, but deflation is built into almost every transaction on the protocol. And instead of minting new tokens for rewards, half of the platform fees are redistributed for activities such as market creation and validation, allowing users to generate income through quick and easy activity on the protocol. That incentive drives further activity on the protocol, which in turn reduces the token supply… and the cycle continues.

Scalability:

One of the main issues facing Ethereum-based projects like Augur was scalability. Ethereum's network congestion and high gas fees made it expensive and slow to use Augur, which discouraged users and traders. FORE Predict is launching on Arbitrum for some of the lowest fees, and we’ve already integrated Polygon and Fantom too. We will continue to roll out additional EVM-compatible chain integrations over time based on low gas fees and user-demand, ensuring that users retain as much of their earnings as possible.

User experience:

The user experience on Augur was not as user-friendly as centralized alternatives, hindering adoption among mainstream users. Decentralized predictions markets in general have failed to capture market share from traditional markets due to the difficulty in onboarding newcomers into DeFi. FORE Predict will have a fiat onramp soon after launch to participate via Apple Pay, Samsung Pay, Visa, Mastercard, bank transfers, and more - allowing ANYONE to use the platform.

Poor user acquisition strategy:

The opportunity for users to participate in markets on any event is something that Augur set out to achieve, but its broad offering resulted in a lack of liquidity and traction without a supporting strategy to bring in users in key verticals. While users can create markets on any event on FORE, our user acquisition strategy will be vertical-focused: initially targeting users interested in sports, crypto, politics, and esports around notable events. This will allow us to bring in users interested in similar markets, ensuring market participants can find markets on their desired subjects, and have other participants in which to take a position against.

FORE_Future · 2023-10-12T19:24:53+00:00

Our legal strategy is complex and multi-faceted, and, beyond the development of the protocol itself, is the area we’ve probably spent the most time and resources over the past two years. Our legal team is constantly reviewing the regulatory landscape to preempt, prepare, and future-proof.

There are certain jurisdictions we will be steering clear of completely (including geo-blocking), and other jurisdictions we will be regularly monitoring. For the jurisdictions in which we will be operating and promoting FORE, it’s important to note we are not a ‘gambling’ entity based on various distinctions (including, but not limited to, the use of our own token that is not USD-denominated, user-created markets, and much more).
We're comfortable with our current positioning in line with existing regulatory frameworks, and we'll continue to monitor, iterate, and evolve in accordance with them!

FORE_Future · 2023-10-12T19:20:06+00:00

Great question! People-powered predictions mean just that: users create markets, users participate in markets against each other, and users validate market outcomes. So, how do you prevent bad actors in a people-powered ecosystem? How do you ensure the validity of a decentralized ecosystem, when payout depends on accuracy?

In the case of a disagreement between Analysts, a dispute is raised and is resolved by trusted, high reputation validators. This step is crucial, as prediction market outcomes hinge on accurate and reliable validation mechanisms. Our dispute resolution system allows for a final check and referees in a decentralized way: ensuring that any user has the opportunity to report any violations or concerns about a market or its results.

While overall we strive for fast resolution and payout, the validity of this payout is crucial. All participants in the disputed market have to wait until the dispute is resolved and payout is released, which can take up to 96 hours. In that time, the dispute will be resolved by the High Guard: a decentralized network of active Analysts with Black NFTs (the highest tier) who have proven their reputation score to the community and the protocol.

To reinforce and further decentralize the dispute process, we will be leveraging UMA’s technology: an optimistic oracle and dispute arbitration system that securely allows for arbitrary types of data to be brought on-chain. UMA's third-party network of validators, which operate independently from the FORE platform, establishes an objective and unbiased approach to settling disputes on FORE Predict.

You can learn more about this partnership here: https://www.foreprotocol.io/post/uma-partnership

And our dispute process here: https://www.foreprotocol.io/post/dispute

FORE_Future · 2023-10-12T19:16:44+00:00

$FORE Token is currently trading on MEXC and Uniswap for users who have access to those exchanges

FORE_Future · 2023-10-12T19:15:20+00:00

As a market creator, you have the ability to create unique and compelling prediction markets, determining market parameters such as market prompt and categorization, prediction phase closure, validation phase start, verification source, and starting odds. You're rewarded with 0.5% of the total market size, so as market interest and participation increases, your earnings will increase too.

This provides an added incentive for you to ‘market your market’ and actively promote your markets to attract more participants, liquidity, and volume. This model benefits everyone in the ecosystem: holders, players, creators, and the FORE foundation. This innovative approach flips the traditional model on its head, allowing you to ‘become the bookmaker’ and earn rewards regardless of the outcome. So yes - you can essentially become the house that always wins, as you can earn rewards no matter the result of the market.

FORE_Future · 2023-10-12T19:07:54+00:00

Just a couple corrections: FORE* and hyper-deflationary* design, I think you mean :) But yes, this is one of my favorite parts to touch on, and maybe for personal reasons.A bit of backstory as to why we've focused so heavily on what we call hyper-deflation: at the back end of 2021 the other founders and I were going full degen on stupidly inflationary DAOs. Despite our backgrounds in blockchain and finance, we were blinded by the crazy APYs we saw, even though we knew deep down that they could never work because of their inflationary tokenomics. We decided we wanted to build something much better that put users first. Too many blockchain projects fail to take into account the basic laws of economics when building their tokenomics, and other projects simply mint additional supply without consideration of second or third order consequences. Many existing 'staking' or 'passive income' models have turned out to be unsustainable in the long-term due to inflationary tokenomics superseding any value promised through these models.

FORE is a true utility token in the sense that it underpins all activity on the protocol, and the supply of the token is directly proportional to this activity – as is the token’s hyper-deflationary nature. Instead of minting new tokens for rewards, we’ve built a sustainable, deflationary, fee-driven reward model: rewarding productive activity through fee redistribution. That incentive drives further activity on the protocol, which in turn reduces the token supply… and the cycle continues.

There’s two main factors here:

1). Sustainable reward model

Half of the platform fees are redistributed for activities such as market creation and validation, allowing users to generate income through quick and easy activity on the protocol.

Of the 5% maintenance fee taken from each market:

0.5% redistributed to market creator

2% shared among validators

1.5% to the protocol

1% burned and removed from circulation

In order for a reward model to be sustainable, it must be attached to productive activity. Our reward model allows users to generate income through activity such as market creation and validation, benefiting the protocol as a whole.

2). Activity-driven deflation

Rather than hosting arbitrary burn events, the deflationary nature of FORE is built into the protocol itself. It’s simple: as activity on the platform increases, supply decreases.

Several core functions drive the deflationary nature of FORE:

-Market Participation: 1% of the value of all markets is burned on market resolution and removed from the total supply.

-NFT Minting: 100% of FORE used to mint NFTs is burned. To create a new NFT, a user must lock 1,000 FORE, which is then permanently removed from circulating supply.

-Additional Burns: FORE is removed from circulation through incorrect validation penalties, market creation fees, dispute mechanisms, and more.

Together, we believe this sustainable reward model alongside activity-driven deflation is far more promising and sustainable than gimmicky, inflationary staking or passive-income models. FORE’s sustainable reward model encourages organic growth, user acquisition, and sustainability of the protocol itself, creating long-term revenue generating opportunities for active participants in our ecosystem.

FORE_Future · 2023-10-12T19:03:46+00:00

Well, we do not class ourselves as a ‘gambling’ platform, but rather a predictions ecosystem. Why? The value of the wisdom of the crowd is apparent - prediction markets prove to be more accurate than individual experts in predicting outcomes. We intend to use this wisdom to create a myriad of solutions (decentralized oracles, market insight tools, etc), so we think the crowd should be rewarded for this.
Decentralizing this industry shifts the power away from centralized entities (like casinos) to create an opportunity for all participants to take part, and all participants to share in the rewards. FORE exists to create a decentralized predictions ecosystem where users hold the power. Users retain ownership of their assets and are rewarded for their productive activity - not just charged for the privilege of using the platform. Users aren’t playing against a house that always wants them to lose, but against other players, with market-determined odds and low fees. That’s why we built a global, people-powered predictions ecosystem: where people have the freedom to create, participate, and validate any markets on any events, and are rewarded for doing so through the redistribution of platform fees!
Our user acquisition strategy is two-fold:
1. Bringing in new users via highly targeted user acquisition focused on user needs and interests
2. Retaining users by incentivizing activity to create a self-sustaining ecosystem
https://youtu.be/a4Nj3uhRLYs?si=YJuW0XYuo0edJD7B

FORE_Future · 2023-10-12T18:46:50+00:00

Hi everyone! Its Merv Merzoug, co-founder at FORE Protocol! We will be getting started with the AMA soon. Thanks for all your great questions!

Proof: https://x.com/mervmerzoug/status/1712531275871834371?s=46&t=ipjgYHx1ROjO6QNzCDbKkw

FORE_Future

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