FARE Protocol

Prediction market
DeFi

project_established_year 2022	project_headquarter United States
project_operating_status project_active	ecosystem

The FARE ecosystem is built on probability smart contracts, which are triggered by transparent on-chain events based on probability variables. The first use case for these contracts is the randomized minting and burning (or "winning" and "losing") of the FARE token. The system is designed so that the probability of losing or burning a token is higher than that of minting or winning, similar to how a real-world casino operates. Unlike the centralized "bookmakers" of casinos, value is passed to FARE holders through token inflation.