Nezha, the liquidity engine for next-gen prediction markets, to launch on OccamRazer
By Joy Dumasia
Nezha, a new blockchain-based liquidity engine designed to power the next generation of prediction markets, will soon make its IDO debut on the OccamRazer decentralized launchpad through the launch of the $NEZ token.
Prediction markets offer users the opportunity to trade contracts that payout based on the outcomes of unknown future events. Offering optimized yield generation for DeFi protocols, Nezha utilizes intelligent yield routing to create a high return and then distributes these returns across prediction market outcomes.
As opposed to traditional prediction markets, players using Nezha only forfeit the return generated on their liquidity, i.e. staking or liquidity mining rewards, but not on the liquidity itself should a prediction not go in their favour turning a zero-sum game into a positive-sum game using staking rewards.
Nezha will launch with two revolutionary prediction market games, with more products already in the development pipeline. These include the Nezha Prediction Draw, with Nezha Spins in the pipeline for Q3 2022.
Ivan Gowan, Strategic Advisor at Nezha, said: “Unlike traditional gaming, we’re enabling players to access prediction markets using only staking and liquidity mining rewards while preserving their original capital. This represents a step-change in the prediction markets industry which could have far-reaching ripple effects across the gaming industry as a whole, changing the way that players budget and win, and injecting much-needed transparency to the prediction markets space.”
Through staking $NEZ tokens, users receive access to premium tiers, guaranteed bonus tickets, and access to cast out fee redistributions from pools. Nezha will initially launch on Solana before rolling out to Cardano to tap into the Cardano blockchain’s substantial potential liquidity.
IBS Intelligence recently reported that Wicrypt, the first blockchain-based WiFi sharing network from Africa, announced their $WNT token would debut on OccamRazer on the 30th of November 2021.
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