❔Common questions

Is Predator live yet? When Predator going to be launched?

Predator is not live yet, but we have launched our alpha version on Goreli testnet. Please refer to our road map and we are planning to be launching in Q3 2023 in Arbitrum. One can kindly follow our social media for more updates, and we are welcoming everyone to participate in our Alpha testing phase.

How is the NFT index calculated?

It is based on the top 10 NFT projects and we take their floor price into our calculation. All the calculations will be based on the real time price from opensea, therefore will be up to date and prevent high price volatility in a short period of time.

Why will Predator be based on Arbitrum?

Arbitrum is known to be fast, reliable and cheap. It is also EVM compatible and has good infrastructure and is user-friendly. In the future we are also planning to cross chain to other EVM compatible chains. So we will be deploying on Goreli Testnet first and launching on Arbitrum afterward.

What is a prediction market?

NFT index is calculated based on the “blue chips” NFT projects, and one can “predict” the direction of the NFT market and put money on our prediction market. If you think that the NFT market is going to go down, you can participate in the prediction pool and buy “down” to short it. It added variety for the NFT world, because in the past if you believed the NFT bull market is coming; you would simply buy and hodl. However, if you believe the NFT market is crashing, you can only sell your NFT and sit back. The prediction market is simple and easy to play with, but its potential great return is also associated with risk so one has to proceed with caution. And in the future we will also add other index prediction markets like AI index, Hong Kong coin index etc too!

Why don’t I simply buy NFT from Opensea instead of using Predator?

We are fundamentally different from opensea, because in Predator we don’t sell any single NFT. However, instead of just buying and hodl an NFT, in Predator you can also put in your money to bet on the direction of the overall NFT market. There are many NFT projects out there, and the NFT space is still very new. It can be confusing to know which NFT project to buy, but buying in a NFT index can decrease the risk and can be a great alternative option for investing in NFT in general.

What do you mean by NFT “one stop center” in the long run?

Our team strongly believes in the future of NFT, but the infrastructure of NFT is still largely under-developed as NFT is still a relatively new concept. Just like DEFI summer, there is a lot of side services needed for the whole NFT market: staking, insurance, identity (similar to soulbound token), launchpad, prediction market etc. We are striving to first develop the NFT index prediction market, then with more active users and higher daily volume; we can eventually develop more needed NFT infrastructures. Opensea and blur are great NFT marketplaces, but in order to bring more active users to the NFT world; there are still tons of development ahead of us. Building a NFT launchpad in the future is definitely our goal further down the line too.

Why use the prediction pool system instead of an order book like the option market?

NFT index is still a fairly new concept and therefore is hard to accumulate enough users and attract market makers in this early stage to facilitate an order book system like the option market in other CEXs. But that is definitely our long term goal as we will also be adding more index prediction markets on the way too. AI, Meme, Hong Kong coin index are all viable options in the future!