ICON (www.icon.foundation), one of the world’s largest decentralized networks, today announced that FutureICX, a gamified trading and price prediction platform, has launched on the ICON blockchain. FutureICX is a low-risk platform that allows traders of varying skill levels to compete against one another for gains while learning about the crypto market. FutureICX is fully decentralized, providing speed, accuracy, and transparency for each trade.
As interest in cryptocurrency investing and trading grows, it has become increasingly dominated by experienced professionals, often leaving the average trader on the losing end. To counteract this effect and gain necessary experience, traders are forced to go into shorter and shorter trading periods. This practice is influenced greatly by every small move of the market, making trading more like gambling than real market analysis.
FutureICX’s goal is to counteract these problems as much as possible by creating an environment for traders to generate gains without having to outplay institutional investors. FutureICX turns crypto trading into a fun, safe, and fair environment, lowering the pressures and frustrations that are often encountered on exchanges.
With FutureICX, players compete against one another rather than institutional investors, banks, or corporations, giving all traders an opportunity to generate income. As long as a user’s market reading skills are slightly better than average, they can profit from their predictions and avoid unnecessary risk. FutureICX rewards skilled players with higher returns, and has received an ICON Foundation grant to provide additional features, including new games, additional token support, and interoperability options.
“FutureICX provides an opportunity for more traders to make higher gains, and works as a training tool for less experienced traders where they can gradually improve their skills,” said Dilyan Georgiev, Founder of FutureICX. “Because FutureICX doesn’t require actual buying and selling of cryptocurrencies, it doesn’t matter if the pair’s price goes up or down, as long as players can accurately predict what will happen.”
While many exchanges are plagued by high trading spreads, incorrectly processed requests, market manipulation, or countertrading, FutureICX uses ICON’s fast-response blockchain to process and confirm all trades quickly and transparently. Outcome prices are pulled from a decentralized, multiple-source oracle solution, ensuring results are fair and can’t be manipulated.
FutureICX is a gamified trading platform for inexperienced and experienced traders alike. With FutureICX, players compete against one another by placing price predictions for the same period to earn rewards. FutureICX is fully decentralized on the ICON blockchain. On FutureICX, players compete against one another rather than institutional investors, banks, or corporations, giving all traders an opportunity to generate income.
ICON (www.icon.foundation) is one of the world’s largest decentralized networks. ICON’s blockchain is used for real-world applications in banking, healthcare, education, and more. ICON is scalable for both public and private blockchain use cases, and employs a transparent governance system and AI to create a sustainable, decentralized ecosystem.