FARE Protocol

An ecosystem for probability contracts

FARE Protocol (🔥, 🌿)

@FARE Protocol (🔥, 🌿)

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About FARE Protocol

Founded

2022

Address

United States

Community

Tags

DeFi

Prediction market

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.