Wallfair Launches its Prediction Platform with a Focus on Smartphone Useability

Achal Arya
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Achal Arya

Achal Arya

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Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.
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WAllfair

Prediction Market meets Blockchain made Simple.
How? Well, it’s simple:

Wallfair is the hybrid between Prediction Markets and Blockchain technology made for anyone. We are out to create a decentralized event token, with the possibility to trade on anything with the ease of just your smartphone at maximum liquidity. Making real-time predictions possible at a minimum of transaction fees and high speed.

Our team of developers are working nonstop to constantly improve the infrastructure and user experience of Wallfair. After our first “Family & Friends” Sale we were able to raise over 1 million dollars and are soon in the progress of launching our first MVP. We are a group of full-hearted Crypto enthusiasts and have a solid expert team behind our vision, passion and project. Wallfair currently undergoes a testing phase, in which over 500 thousand predictions have been already made and tested, granting optimal performance and improvement opportunities for the future users.

With launching our first MVP, users are already able to start creating fully functional predictions and events. The Introduction to brand new market maker and placer design as well as smart contract designs. In comparison to any other prediction platform, we are heavily focused on smartphone useability in combination with speed and simplicity in the onboarding process. The MVP is happening in the form of a 3 hour live event.

>Based on collected numbers and experience, we are aiming to build out the full platform, targeted to launch in 2021.

Made for everyone

Now, putting Wallfair in direct contrast to similar and already existing platforms, these oftentimes lack being user-friendly for the average user like you and me. At Wallfair, we are aiming to make the listing of events and predicting as simple as listing items on eBay, making sure even people that are completely new to the crypto space, enjoy using our products. We are granting each user the freedom and ability to set up and create their own events and listings. This way we ensure that our platform is not limited to only sport and political-related events. Prof. Dr. -Ing Gajek, who has been a part of our team, is challenging us daily to meet ethical and quality standards. According to him, Wallfair has the potential to become one of the industry-leading prediction market platforms, with being one of the safest and fairest prediction platforms as of today, with making usage of the blockchain and excluding the middleman.

Without reinventing the wheel

We have seen it enough. Companies working hard to build new technologies around the blockchain and crypto field. The Wallfair approach is not to reinvent what has already proved to be working well, but rather to use that to build and develop a product, available for any target demographic. While building Wallfair, we are out to meet the highest security standards in the field. With the newest and most cutting-edge technology in the market to make sure that the safety of our users is taken care of.

Back in 2019 the volume being traded in the prediction market was less than 1 million US dollars. The pain points causing that are slow and painful onboarding, events are not liquid enough, resulting in users having to wait until another user takes the counter position.

Decentralized liquidity, event creation, event settlement and event filtering require careful game theoretical design.

If you are interested in getting first hands experience on Wallfair, feel free to secure your exclusive spot for our Private Sale.

To find out more about Wallfair, feel free to visit us at << joinwallfair.io >>

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Achal Arya is a digital product designer and an entrepreneur. He did his masters degree in design from IIT Hyderabad and has a bachelors degree in Computer Science. He works in the Web3 domain and manages new developments at CoinGape. Follow him on X at @arya_achal or reach him at achal[at]coingape.com.