FAQs
Essentially, we're leveraging MEME culture to innovate an underdeveloped DeFi subsector.
What market problem/opportunity are we aiming to solve?
Short-Term: We’re launching the first interactive trading market for Altcoins, targeting mid-cap Altcoins like MEME coins. Our platform offers unique opportunities and flexibilities not found in traditional SPOT and FUTURES markets, facilitating cross-community engagement and creating new market opportunities.
Long-Term: We're simplifying access to Altcoin options trading, driving liquidity, and expanding market participation beyond BTC and ETH. Our platform will evolve from an Altcoin PVP prediction market to a more sophisticated, user-friendly trading ecosystem, paving the way for future innovations in DeFi.
Viability: Our initial revenue will come from pool fees in our interactive Altcoin PVP prediction markets, providing a stable financial base. This approach allows us to strategically evolve and expand our offerings, enhancing our market presence and catering to increasing demand.
What alternatives and competitors address the same market opportunity or problem?
Currently, no direct competitors offer a product like ours. While there's growing interest in interactive gameplay for MEME coin competitions (e.g., our 'MEME Madness' concept from the Pilot Campaign), no similar market offerings have yet emerged. Platforms like Altcoin Fantasy, SparkProfit, and CoinFantasy focus on 'fantasy crypto trading' or 'crypto portfolio competitions,' but their their approach to monetization and rewards, which typically rely on user rankings in contests, differs significantly from ours. We aim to create a direct trading market between altcoins, offering a distinctive angle in the market. Furthermore, MADFia sets itself apart through cross-community engagement features, supplemented by integrated social media functionalities (Twitter and Telegram App, etc). These features enrich the user experience and help build a vibrant community. Our long-term vision is to become the leading prediction market for all altcoins. Prediction and options markets are both driven by collective sentiment, and expanding our platform will help us address untapped opportunities in crypto options for altcoins (as the sector matures). Unlike centralized platforms focused on BTC and ETH (e.g., Deribit), MADFia lowers entry barriers, making trading more social and accessible to everyday traders. This opens up possibilities that centralized, complex, and institutionally-biased competitors often overlook.
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