Truemarkets, Base L2’s cousin of Polymarket, is officially launched

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🚨 Prediction Market Showdown: Truemarkets Takes the Stage! 🚨

Truemarkets, Base L2’s cousin of Polymarket, is officially launched

And so, the wait is finally over. Truemarkets, that most intriguing of prediction market platforms, has emerged from the shadows, its debut a testament to the boundless enthusiasm of the cryptocurrency faithful. For those who may have been living under a rock, Truemarkets is, in essence, a decentralized prediction market platform built upon the sturdy foundation of the Base Layer 2 blockchain.

But, dear reader, do not be fooled by the similarity to its cousin, Polymarket. Truemarkets is a force to be reckoned with, aggregating the latest breaking headlines across a wide range of topics, from the mundane to the sublime, and presenting them in real-time to the on-chain community. And, just like Polymarket, it invites users to place their bets on the outcomes of events, reflecting the collective wisdom of the masses.

But, alas, Truemarkets is not content to simply follow in the footsteps of its predecessor. Oh no, it has a few tricks up its sleeve. For instance, it offers rewards to those who dare to make accurate predictions. And how, you ask, does it do this? Ah, my curious friend, it creates a trading market where individuals can buy and sell “YES” and “NO” tokens, each tied to a specific forecasting scenario. The price of these tokens, you see, fluctuates based on the collective sentiment of the market. And when the event in question finally occurs, the tokens corresponding to the correct answer can be redeemed for a tidy sum of $1 each. The tokens corresponding to the incorrect answer, on the other hand, are reduced to naught but worthless scraps.

And so, the stage is set for Truemarkets’ grand entrance. The company, in a bold move, raised a whopping $4.03 million through its public NFT sale, with Vitalik Buterin, that most illustrious of Ethereum enthusiasts, buying a whopping 400 NFTs worth a cool 32 ETH. And what of the Patron NFT holders, you ask? Fear not, for Truemarkets has promised to allocate a generous 40.03% of its total 100 million TRUE token supply to these esteemed individuals in the upcoming airdrop. TRUE, it should be noted, will function solely as a governance token.

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2025-03-11 15:22