Crypto Passive Income, Place Bets on Real-world Events, Including Politics, Sports, Government Policies, or Anything else.

Polymarkets is a popular prediction market that allows people to place bets on real-world events, including politics, sports, government policies, or anything else. The company uses decentralized technology to provide services and liquidate contracts on the Ethereum blockchain. The platform uses the stable currency USDC for transactions and does not hold any user funds.

Compared with other forecast market projects, Polymarket has two main characteristics. First, the project adopts Ethereum's second-layer solution Matic Network. Users' transaction behavior does not need to be confirmed by the Ethereum main network, avoiding defects such as high fees and time-consuming, and can be completed quickly on the Matic side chain.

Second, users can directly use debit or credit cards to purchase USDC for betting on the project website, without having to have encrypted currency and perform corresponding private key storage, etc., which can greatly reduce the user's entry threshold.

At the same time, Polymarket adopts an automated market maker mechanism, and all user transactions will be provided to liquidity providers with a 2% fee deducted. According to Crypto Fees data, the project has had an average daily deduction of US$32,000 in handling fees for the past 7 days, ranking 9th among all blockchain projects. At the same time, the average daily transaction volume can be calculated to reach US$1.6 million based on this data.

In the first step, the user needs to use the mailbox to register on the website, but there is no need to set a password. After that, the system will send a link address to the mailbox every time the user logs in, and the user clicks it as a successful login.

In the second step, users need to transfer UDSC to the platform and can only use USDC. There are three ways to transfer. One is to transfer Metamask wallet to transfer, the other is to transfer directly to a specific address, and the third is to use a credit card to purchase USDC.

In the third step, after users have USDC, they can browse various forecast events on the platform and choose to participate in the subject matter. Take the event of "Will the floor price of CryptoPunks is above 100 ETH on November 1?" the event provides users with two options "YES or NO" in both cases you have two opportunities to invest. The prices of both can be regarded as the probability that the market may realize the event. , The sum of the two is fixed at $1. If the user believes that the market price deviates from the actual probability, for example, the probability of the CryptoPunks price exceeding 100 ETH on November 1 is higher than represented by the YES price, that is, they can choose to purchase the corresponding option and benefit from it.

In the fourth step, after the user chooses to bet on the predicted event, there are two ways to exit the betting. The first method is to sell the holding position directly on the trading page. The second method is to wait for the forecast event to be cashed after the resolution is completed on the specified date. If the forecast direction is correct, you can get a considerable return (each holding share can get 1 USD ), if the forecast direction is wrong, no funds can be obtained.

In the fifth step, users can choose to withdraw after completing betting and exit. The platform supports users to withdraw USDC to any Ethereum address for free, but only between 12-18 o'clock every day, 2 ETH is provided every 2 hours for users to withdraw and pay the gas fees. The project party will process the order according to the time sequence of the withdrawal application submitted by the user, which usually takes tens of minutes or even several hours to complete.