POLK is used as a curation mechanism and a settlement & dispute system in the Polkamarkets Protocol.

In the current version of the Polkamarkets Protocol, POLK holders can:

  • Create Prediction Markets: POLK is required for users to create new markets on Polkamarkets. If you want to know the future and receive the wisdom of the crowd, you must hold POLK.

  • Curate Prediction Markets: POLK is required for users to upvote or downvote markets, providing a signal on the quality of prediction markets to other users and dapps.

Activity on the Polkamarkets Protocol is incentivized and rewards by our ongoing Protocol Incentives and Weekly Prizes program. Check it out to see how you can earn more POLK by participating.

Future versions of the Polkamarkets Protocol will continue to rely on POLK to ensure market quality. POLK will also play a key role in the development of the Polkamarkets ecosystem.

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