AssetFun AFT is set to be the future of derivatives and price prediction markets. Virtual currencies powered by the blockchain have made huge gains in recent months. Today, they are worth about $5000 billion, and that has caught the attention of the world. Now various industries are beginning to realize that the distributed ledger has major potential, especially with the possibility of building decentralized applications.
Most businesses are beginning to wonder how they can integrate the technology into their enterprises. This is no different in the derivatives market. One of the first companies to try and make this a reality is AssetFun, a platform based on the blockchain. The developers behind it are working hard to ensure that AssetFun is adopted on a global scale.
By overcoming the geographical barriers between regions, it will help to ensure security and transparency globally. Not only is AssetFun designed to improve the current system, but it is also designed to create new ways to expand the ecosystem, thus include more real-world asset derivatives onto the platform.
Not only do traders get more options when they use this platform, but they also get access to a lot of information, which helps them to make profitable trades. There is already a version of the AssetFun prediction market in existence. The developers are about to make this concept a reality.
The prediction market will be able to record all predictions by an individual on a blockchain. It will be a vast network of more than a billion traders, forex dealers, speculators, and those participating in the futures market, and other commodities market.
It Has Its Own AssetFun AFT Tokens
The prediction market at AssetFun has its own AFT tokens. These tokens are used to conduct transactions and to place trades. By utilizing the blockchain, it ensures that everyone is acting on their own but collectively since they are in one market.
Everything will be powered by smart contracts, making fraud impossible. The beta platform was first open to the public on December 19 up to December 25, 2017. However, they now have a working beta platform at https://assetfun.net.
On the price prediction market, traders can trade in various blockchain-based assets, other assets such as stocks, crude oil, gold, housing prices, and much more. Users of the platform will also get access to a bird’s eye view of market sentiment. By using the information available and the tools offered, users will also be able to create their own price prediction markets.
In case a dispute arises, the platform has inbuilt dispute resolution mechanisms. The ruling will be made automatically to ensure that all operations continue smoothly without external influence. All financial transactions on the platform are handled in real time, for convenience and to increase the opportunities for the users.
How To Join AssetFun
The good thing about this platform is that it does not just target those who have an interest in the blockchain. All that is required for one to join this platform is an interest to trade in the financial markets.