After raising more than $4 million through the public Oracle Patron NFT Sale in November 2024, Truemarkets was finally launched.
Truemarkets (True), a decentralized forecasting market platform built on the basis of the Basic Layer 2 blockchain, has officially launched. Like Polymarket, Truemarkets breaks headlines across a variety of topics (politics, pop culture, etc.) in real time, bringing real-world data to the chain ecosystem. Like Polymarket, users can also bet on the outcome of the event, reflecting current public sentiment.
Additionally, Truemarkets encourages participation by providing rewards for accurate predictions. Specifically, Truemarkets creates a trading market where you can buy and sell “yes” and “no” tokens for each forecast scenario (e.g. Will Solana (Sol) ETFs be approved by the end of 2025?). The prices of “yes” and “no” tokens change constantly based on how much the market believes each answer. Traders and liquidity providers buy and sell tokens and adjust prices. The token corresponding to the event after it actually occurs correct Each answer can be redeemed for $1. Tokens corresponding to Not correct The answer will be worthless.
The much-anticipated release of Truemarkets comes after the company raises $4.03 million through public NFT sales. Specifically, the company sold 15,071 Oracle Patron NFTs priced at 0.08 Ethereum (ETH). Vitalik Buterin purchased 400 NFT, worth 32 ETH. Truemarkets will allocate 40.03% of its 100 million true token supply to future Airdrop Patron NFT holders. True only functions as a governance token.
