POLK is used as a curation mechanism and a settlement & dispute system in the protocol - where you are able to perform:

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

  • Oracle Dispute: POLK is used in a bonding system that leverages the wisdom of the crowd to arrive at a truthful event resolution based on distributed consensus. You can read more about how market resolution works here.

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