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Fore Protocol (FORE)

ICO

FORE Protocol is a peer-to-peer predictions protocol that enables users to create, participate in, and validate prediction markets in a dynamic and play-to-earn format.

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Overview

Product typeProtocol
WhitepaperFore Protocol White Paper Open
OnepagerFore Protocol Onepager Open

What is Fore Protocol

FORE Protocol has created a tokenized incentive economy to mobilize (and reward) the wisdom of the crowd to problem-solve at scale. In doing so, FORE Protocol utilizes a decentralized network of people to bridge the gap between the real-world and the blockchain: forming the foundation for web3 solutions that remove friction from real-world industries. A myriad of decentralized applications can be built on this infinitely-scalable architecture, including:

  • FORE PREDICT (a peer-to-peer predictions platform)
  • FORE ORACLE (a crowd-sourced decentralized oracle)
  • FORE SIGHT (a business intelligence application)
  • FORE AUDIT (crowdsourced financial auditing tool)
  • FORE RESOURCE (HR management tool)

FORE Predict, the first decentralized application (or dApp) built on FORE Protocol is democratizing, decentralizing, and disrupting the predictions market by building an infinitely scalable peer-to-peer predictions protocol, powered by people. Users can enter a limitless world of predictions spanning sports, current affairs, crypto, and more, and enjoy zero counterparty risk, better odds, and incredibly low fees.

Details

Public sales: Jun 21, 2023 - Jun 30, 2023
Token supply: 1,000,000,000 FORE
Total tokens for sale: 350,000,000 FORE
Hard cap: 9,250,000 USD

Legal

Registration year: 2021

Token info

Ticker: FORE
Type: Utility-token
Token price in USD: 1 FORE = 0.04 USD
Token distribution:
Seed Round - 10%
Private Round - 20%
Public Round - 5%
Team - 6.5%
Foundation - 25%
Marketing - 12%
Development - 6.5%
Advisors - 6.5%
Liquidity - 8.5%

Fore Protocol Roadmap

1
Q3 2022

Core team built: We’ve built a global team of 25+ experienced executives, entrepreneurs, data scientists, developers, marketing strategists, and creatives from Fortune 500 companies, leading DeFi projects, global ad agencies, and the largest hedge funds in the world.

Strategic partners secured: Partnerships secured to date include leading sporting entities, world-renowned casinos and bookmakers, and prominent blockchains and crypto entities - with many more in the pipeline.

Seed round filled: FORE's seed round accounts for 10% of supply (and $1,750,000 of the total raise). Our seed round is closed, having largely been filled by co-founders, team members, and strategic partners.

2
Q4 2022

Polygon chain integration: with the goal to become a chain-agnostic protocol for ultimate accessibility, FORE's MVP is currently built on the Polygon blockchain for some of the lowest fees and fastest settlement in market. The integration of other EVM-compatible chains such as Ethereum, Avalanche, Fantom, and more will be implemented in the near future (determined based on user demand).

Private testnet live: Unlike most blockchain companies that come to market with nothing but an idea and a whitepaper, we’ve bootstrapped development to build FORE Predict before launch. We’ve built a complete beta version of the protocol that allows real users to test our core functionality (create, participate in, and validate markets), as well as additional features such as a fully-functional NFT marketplace, portfolio pages that synthesize user activity, and a leaderboard page that forms the foundation of our gamification strategy.

3
Q1 2023

Community launch: To communicate the power (and reward) of a people-powered network driven by incentives ahead of protocol launch, our community launch will cultivate an environment of meritocracy by rewarding and promoting members proportionate to their level of participation and value to the ecosystem.

Hackathon live: FORE Predict’s public test net will be live to the community alongside a hackathon, designed to utilize and incentivize a global community to collaboratively stress-test FORE’s MVP, while generating leads and prospective users. We want to invert the traditional narrative around early system errors, faults, and bugs by cultivating an exciting environment where the smartest minds in the industry (and beyond) can collaborate and contribute to the FORE ecosystem to build a truly people-powered network - and be rewarded for doing so.

Private round filled: The majority of our private round (accounting for 20% of total supply and $5,500,000 of our raise) has been filled by strategic partners in the betting, sports, and crypto space. Select community members will have the opportunity to participate in the remainder of the private round.

4
Q2 2023

Token Generation Event: FORE’s Linear Distribution TGE (Token Generating Event) is planned to take place in Q1 2023, at which point 1,000,000,000 FORE tokens will be minted. After this date, no new tokens will ever be minted, and FORE’s hyper-deflationary model will ensure that total supply will never reach circulation.

IDO + listing on CEXs: Our plan is to take a three-tiered approach to FORE’s public sale and listing in order to drive maximum awareness and accessibility of the token: including an IEO on an exchange, IDO on various launchpads, and listing on relevant DEXs.

FORE Predict launch: The launch of FORE Predict signifies not the start of revenue generation (for FORE and our users). As the rate of deflation of FORE token is directly proportional to activity on the protocol, launch will kick-start FORE's hyper-deflationary token model.

NFT marketplace live: The launch of the NFT Marketplace signifies the start of yet another revenue stream (for FORE and our users). In order to earn rewards through successful validation, users must lock and burn FORE in order to mint an Analyst NFT. Analyst NFTs (and other NFT types) can be listed and traded on FORE’s NFT marketplace.

5
Q3 2023

Fiat on/off ramp live: Decentralized prediction markets have failed to capture market share from traditional markets due to the difficulty in onboarding newcomers into DeFi. FORE Predict will have a fiat onramp from launch to enable access via Apple Pay, Samsung Pay, Visa, Mastercard, bank transfers, and more - allowing ANYONE to use the platform.

6
Q4 2023

Gamification seasons start: We have seen little innovation or focus on user experience in DeFi predictions protocols, and a critical lack of focus on UX to encourage participation. FORE gamifies decentralized predictions to bring “play- to-earn” to betting, tapping into innate needs for entertainment, status, prestige, and reputation.

Partnerships and sponsorships: Partnering with third parties with audiences of scale will allow us to bring greater attention to the protocol, both within and outside of the blockchain space.

7
Q1 2024

Secondary market launch: FORE Predict is the first predictions market leveraging NFTs to maximize value extraction for users. Since value accrues directly to the owner of the NFT, we are creating a dynamic and liquid secondary market for these assets.

EVM chain integrations: With the goal to become a chain-agnostic protocol for ultimate accessibility, EVM-compatible chains such as Ethereum, Avalanche, Polygon, and more will be integrated based on user demand and ecosystem value.

8
2024+
  • Mobile app
  • FORE ORACLE
  • FORE AUDIT
  • FORE RESOURCE
  • FORE SIGHT

Project team

Merv Merzoug
Merv Merzoug
CEO + Co-Founder
Merv Merzoug linkedin
Andres Soriano
Andres Soriano
COO + Co-Founder
Andres Soriano linkedin
Timothea Horwell
Timothea Horwell
CMO + Co-Founder
Timothea Horwell linkedin
Rick Van Der Knaap
Rick Van Der Knaap
Chief Finance Officer
James Woodruff
James Woodruff
Chief Data Officer
James Woodruff linkedin
Harry Clarke
Harry Clarke
Head of Creative Strategy
Ignacio Soriano
Ignacio Soriano
Head of Dev Ops
Bogdan Sinicki
Bogdan Sinicki
Back End Lead
Konrad Jagodzinski
Konrad Jagodzinski
Front End Lead
Szymon Madry
Szymon Madry
Project Manager
Mariel Abogado
Mariel Abogado
Operations Manager
John Carlo Vizon
John Carlo Vizon
Data + Analytics Manager
John Carlo Vizon linkedin
Vicky Malayo
Vicky Malayo
Marketing Manager
Vicky Malayo linkedin
Lizstar Benson
Lizstar Benson
Management Associate
Lizstar Benson linkedin
Brentian Pio Roda
Brentian Pio Roda
Graphic Designer
Brentian Pio Roda linkedin
Joshua Paredes
Joshua Paredes
Data Engineer

Advisors

Stephen Duplessie
Stephen Duplessie
Marketing Advisor
Simon Kruse
Simon Kruse
Chief Technical Advisor
Simon Kruse linkedin

Social media

Fore Protocol web-siteFore Protocol RedditFore Protocol MediumFore ProtocolYouTubeFore Protocol TelegramFore Protocol LinkedInFore Protocol TwitterFore Protocol Discord

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2 Responses

  • DjAugust 4, 2023 at 4:49 pm

    Pretty sure this project is a rug pull

    Reply
  • JohnAugust 17, 2023 at 11:29 pm

    Apparently they scammed their employees and haven’t paid them

    Reply
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