Polkamarkets

Polkamarkets is a DEFi-based prediction market built for cross-chain information exchange and trading where users locate the results of real-world events on a decentralized and interoperable platform on Polkadot. 
 Users can monetize their predictions of future outcomes and events within an interoperable and decentralized infrastructure, where your beliefs become publicly traded assets with financial value in the market. 
Polkamarkets will be more than just a prediction market, it will also have important entertainment functions. These include NFT-based gamification, online location live integration in esports and sports, and daily crypto price markets. Live chat and virtual activities in the online community will also be important entertainment additions to our platform. 
$POLK is a native utility token for: 
 tokens are used to coordinate incentives to produce network effects that address problems plaguing predictive markets such as low trading volume, low liquidity and low daily active usage. Polkamarkets designs $POLK for the following key definitions and gamification use cases: 
● Prediction market creation: $POLK is required for users to exploit new market places on Polkamarkets. If you want to know the future, and get the wisdom of the crowd, you must use $POLK. ● Mining: Users and LPS earn $POLK by forecasting on the platform and providing liquidity to Polkamarkets. ● Direct fees of liquidity providers (LP) : All markets on Polkamarkets pay a transaction fee of 0.3%. 2/3 (0.2%) of all transaction fees on Polkamarkets will be paid to LPs in tokens (e.g. ETH/DOT). The remaining 1/3 fee (0.1%) is used to automatically purchase $POLK through smart contracts on decentralized exchanges. ● Yield farming: 1/3 (0.1%) of all transaction fees on Polkamarkets will be used to purchase $POLK on DEXs, paid to LPs for liquidity services. 
● Gamification: Achieving higher and higher levels of revenue $POLK will unlock exclusive NFT, access to larger markets, and special features. The core features of Polkamarkets MVP include: ● Real-time location of events in esports, sports, crypto pricing, politics, and more. Promotions and giveaways, liquidity provision and incentives for limited partners, mining $POLK by predicting the Polkamarket, mining $POLK by providing liquidity to Polkamarkets, production farm $POL

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By applying to become an order recipient and binding the trading API, you agree to the following disclaimer:

1. API Usage Responsibility: The individual operator acknowledges and confirms that binding the trading API is for executing contract trades. All transactions executed via the API are independent of the order recipient’s decisions, and the order recipient assumes full responsibility for the trading results.

2. Security: The order recipient is responsible for safeguarding their API key. Unauthorized access or use may result in financial loss. Brokers must immediately notify the platform in writing of any unauthorized use.

3. Trading Risks: Using the trading API involves market risks, including but not limited to price fluctuations and slippage. Leaders should independently assess market risks. Individual members should also independently assess market risks, and the platform bears no responsibility for losses caused by market fluctuations.

4. Technical Issues: The use of the trading API may be affected by technical issues, including but not limited to system failures and network interruptions. The platform is not responsible for losses resulting from technical issues.

5. API Key Protection: The order recipient must properly safeguard their API key and not share it with any third party. Any loss caused by the leakage of the API key shall be borne by the order recipient.

6. Compliance: Leaders using the API must comply with all applicable laws and regulations. Violations may result in the termination of the order recipient’s qualification.

7. API Privileges: Leaders acknowledge and agree that the privileges granted by API binding will allow contract trading execution. The platform is not responsible for losses caused by the improper use of API privileges.

8. Disclaimer Changes: The platform reserves the right to modify the disclaimer at any time. Changes will be notified by the platform. By continuing to use the API, the order recipient agrees to any modifications to the disclaimer.

I have read, understood, and agreed to all the terms of the above disclaimer.

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