Upside: social prediction markets that turn any link into a market
Quote328 words
Explains Upside's model: every shared link creates a market, and hourly top tweets by upvotes share a USDC prediction pool with creator, curator and upvoters. Positions it as a fix for memecoins' split attention and rugs.
Key claims
A shared link creates a new market
Top tweets hourly hit a USDC prediction pool shared by creator, curator and upvoters
Starts with tweets, expanding to other internet content
Prediction markets are cool.
The internet is cool.
Why not just combine it in a social prediction market where you can day trade the internet and bet on virality?
That's what the chads at @upsidefun thought too, so they did it.
Reddit meets the stock market (onchain) โ
๐๐ผ๐ ๐ฑ๐ผ๐ฒ๐ ๐ถ๐ ๐๐ผ๐ฟ๐ธ?
- Link shared = brand new market created
- Price rise up as more get in on action
- Every hour top tweets by upvotes hit prediction pool
- Prediction pool = bonus USDC reward distributed to the creator, the curator, and all upvoters via the Prediction Pool
- A tweet can keep winning multiple rounds. So everyone (curators, creators, and voters) can keep earning USDC again and again
๐ช๐ต๐ฎ๐'๐ ๐๐ต๐ฒ ๐ป๐ฎ๐ฟ๐ฟ๐ฎ๐๐ถ๐๐ฒ?
All across the internet, traders and degens are grinding to turn hype and virality into cash. That's why every time something goes viral, there are dozens of memecoins.
The problem is you can't tell which one is legit, which ones are rugs, and your attention, cash and upside is split. To make things worse, memecoins are not even actually tied to the viral thing. It's just the best or rather only option to get exposure to virality on the internet rn.
@upsidefun fixes this by turning any link onto the internet into its own unique market.
๐ช๐ต๐ฎ๐ ๐ฝ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ(๐) ๐ฑ๐ผ๐ฒ๐ ๐๐ต๐ฎ๐ ๐๐ผ๐น๐๐ฒ?
- People don't want own content, they want upside on its success
- Builder don't want to risk their brand, they want aligned compensation
- Influencer don't want to create extra expectations, but fair rewards for the attention they generate
- Traders want certainty and fairness, not bots and rugs
- Prediction markets should be social not event-based (bc people care about what other people care about)
๐ฆ๐ผ ๐ช๐ง๐ ๐ถ๐ ๐จ๐ฝ๐๐ถ๐ฑ๐ฒ?
@upside is a social prediction market that allows you to gain upside on anything on the internet.
Starting with tweets, but rolling out to many other forms of internet content soon.
gUpside.