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What is a prediction market? Recently, many people have been talking about Space, saying it allows trading around real-world events like cryptocurrency, politics, and sports. It sounds really interesting!🤔
I just looked into it, and Space is the first prediction market on Solana to support 10x leverage. They are currently conducting an initial token sale for $SPACE. The most exciting part is—if your prediction is correct, the maximum return could be 1000 times?? Does this sound a bit like an amplified version of gambling, but not entirely?
Seeing some details, I understand more: the platform uses a "flywheel" mechanism, where 50% of the profits are used to buy back and burn tokens, which can continuously increase the token's value. The logic seems quite coherent. There are also zero Maker fees and a gamified points system, which should be friendly to newcomers.
What excites me most is that there is no minimum participation requirement for the public sale—everyone can join! Now I just need to find a wallet, prepare USDC/USDT/SOL, and then try sale.into.space. Although I’m a bit nervous (has anyone tried it?), I increasingly feel this could be a great learning opportunity🚀
Can experienced users explain the fundamental difference between prediction markets and regular trading? I feel that understanding this makes the entire crypto world much clearer!