myEdge Token Economy

Generally speaking, token economies are broadening horizons, raising capital and supporting rapid growth like nothing else can. Businesses use this strategy to establish an inflow of liquidity that also provides various types of value to customers, creating a win-win, mutually beneficial cycle of growth. In prediction markets however, the reality isn’t quite so cozy for customers — a wrong that myEdge seeks to make right through the use of its own token.

Let’s say you hold a number of tokens from your favorite, go-to provider — tokens with which you’re able to invest in futures and eventually exchange for some form of cryptocurrency or other mode of more value. After all, that token you have is likely only good with that one provider. As long as you keep your investments with that one provider, using its unique token, you aren’t likely to run into any problems. And that’s just what providers want you to do.

See, in prediction markets, tokens and the drawn-out difficulty in exchanging them for other forms of value have the side-effect of discouraging mobility between platforms and providers. This disadvantages participants by making them susceptible to the whims of one provider with in-depth analytics about their customers that are used to slant futures in favor of the company. Thought you were getting an honest deal? Not entirely.

The myEdge MET token offers a solution, acting as the base token users can put into futures across a number of diverse platforms. This is accomplished by a system that exchanges back and forth between numerous token systems and cryptocurrencies. With MET tokens, you can select deals from a wide variety of providers and get access to their unique tokens quickly and easily before exchanging your earnings back into MET tokens to buy a future from an entirely different provider.

But let’s return to why this is important in the first place. The power of myEdge’s token allows users to make deals on multiple platforms with ease. Not only does myEdge make market mobility a reality, it helps facilitate cross-platform investments by showing you the best deals available in the entire predictions market, ensuring that you aren’t being manipulated into a losing future by any single provider.

These practices result in significant overall increases in returns for users while giving providers access to new users who were previously cornered elsewhere by another provider and another unique token.

Mobility has always proven to be crucial to economic success. As token economies have quickly developed, it’s been difficult to find a solution for more mobility but myEdge finally has the answer.

Want to know more about myEdge? Visit our website!