Myriad Markets Introduces Up to 3x Volume Multipliers on BNB/Abstract Prediction Market

Myriad Markets has launched volume multipliers for its BNB/Abstract prediction market, offering users enhanced incentives for participation. The new reward structure, allowing up to a 3x bonus for trading volumes exceeding $50,000, is integrated with the xeet.ai leaderboard to track user activity and reward engagement. This development aims to boost liquidity and user interaction within the decentralized prediction market ecosystem.

The announcement was made by Josh Ong, an advisor to xeet.ai, who stated on social media, "> Volume multipliers are now live for BNB/Abstract prediction market @MyriadMarkets on the @xeetdotai leaderboard. Up to 3x for $50k in volume. Use the product, talk about it." Myriad Markets confirmed the initiative, detailing the bonus tiers: a 1.5x bonus for $1,000 in volume, 2x for $20,000, and a 3x bonus for volumes of $50,000 or more. This system is designed to reward active participants and encourage higher trading volumes.

Myriad Markets operates as a next-generation, content-centric prediction market built on the BNB Chain, aiming to "gamify" the prediction market experience. The platform allows users to trade opinions on future events, from cryptocurrency trends to political outcomes, transforming collective sentiment into quantifiable data. Its expansion to the BNB Chain earlier this year was part of a strategy to target a global user base, particularly in Eastern markets, with localized experiences and automated markets for faster settlements.

Xeet.ai, an InfoFi protocol layered on social networks, plays a crucial role in this incentive program by providing the leaderboard and a point reward system for SocialFi interactions. Xeet.ai focuses on rewarding users for engagement and amplifying high-signal content, thereby integrating social activity with financial incentives. This collaboration underscores a growing trend in Web3 to merge social interaction with decentralized finance.

The introduction of volume multipliers aligns with Myriad Markets' broader mission to reshape the information economy by rewarding truth and aligning incentive mechanisms around honesty and information speed. By incentivizing higher volume, the platform seeks to enhance market efficiency and the accuracy of its predictions. This strategic move is expected to attract more traders and further solidify Myriad Markets' position within the competitive prediction market landscape.