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Myriad Launches Revenue Share Program for Predictors and Builders
Prediction market protocol Myriad is now offering USDC and Myriad Points rewards for users through a new Share to Earn model, and extending revenue sharing to developers using the Myriad Builder Ecosystem.
“Myriad's goal has always been to create a dynamic participatory model that fairly rewards all participants in its ecosystem,” DASTAN co-founder and COO Ilan Hazan told Decrypt. “Our on-chain revenue share system ensures that rewards are distributed in a transparent and inclusive manner,” he said, adding that, “We only win together.”
The revenue sharing program rewards users who invite others to trade on Myriad’s USDC markets through their personal referral link.
To get started, click on the “Share to Earn” button on any USDC market page to copy your referral link. When someone signs up or trades through your referral link, you’ll automatically start earning rewards.
USDC Rewards
Myriad users can earn both USDC and Myriad Points rewards through the Share to Earn program.
When a user predicts on a USDC market using a referral link, the referrer receives 1% of the user’s buy volume in USDC. USDC rewards accumulate, with rewards paid out on the first Monday of each month when they reach $500 or more. Payment amounts are reset once a payment is made, and users who don’t reach the minimum $500 payout value will continue to accumulate until the next payout period.
Points Rewards
As well as rewards in the USDC stablecoin, referrers receive Myriad Points when users sign up and predict on Myriad USDC markets using their referral link.
Referrers receive 100 Points for every $1 USDC that referrers buy in SZN 2, with points counting towards the referrer’s REF SCORE in the Myriad leaderboard.
Myriad noted that abuse of the Share to Earn rewards system may result in “disqualification at our discretion,” and added that details of the program may evolve throughout SZN 2.
Further details on the Share to Earn program can be found on the Myriad FAQ.
“For our creator and revenue share programs, we wanted to start with something more inclusive,” the prediction market protocol tweeted, adding that, “Users are our primary focus right now while we grow.”
The protocol added that it is opening its revenue share program up to developers who are looking to build applications that integrate with Myriad using its Builder Ecosystem. “If you're building on MYRIAD and have an application/interface where users can interact with markets, let us know,” Myriad noted in a follow-up tweet, adding that, “we'd love to pass that 1% on to you too!”
How does the Abstract Global Wallet integration shape the UX?
AGW has given us a captive audience among a group of true fans. The Abstract team and the Rug Radio audience had strong overlap. The user experience continues to improve daily as we expand our capabilities and as AGW broadens its market penetration.
How is Myriad balancing being both a consumer product and a B2B protocol for other prediction apps?
The consumer product gives us the chance to have open conversations with users and incorporate their feedback into rapid iteration. Our larger vision is to change how people engage with media and how they see event contracts. Predictions are not just gambling. They are a form of consumer sentiment aggregation and one of the most powerful data tools available. That larger role will be realized through the B2B protocol. At the same time, we cannot create powerful infrastructure without the feedback loop of end users, or at least a subset of them.
Can you explain how ERC-PRED fits into your vision of creating a new asset class for prediction markets?
ERC-PRED is a project name that was leaked. It is a framework that looks similar to an Ethereum EIP. It is essentially a thesis and whitepaper on standardizing token features and parameters. If widely adopted, this standard could unify liquidity across prediction markets globally.
If everyone uses the same blueprint, the bricks to our houses become interchangeable. In practice, a user could buy a position on a platform like ESPN and then sell it on YouTube, Uniswap, or anywhere else that abides by the standard.
What regulatory paths do you see prediction markets needing to navigate?
The main path right now is through the CFTC with DCM licensing. That means predictions become regulated financial derivatives, similar to commodity futures or options. This matters because it requires brokers of event contracts to establish clear and fair rules so that users can participate safely.
What’s next for Myriad?
The future is bright. We are breaking volume records weekly. We are pursuing regulatory progress for ourselves and for the industry as a whole. We are breaking down barriers and helping media and tech platforms offer predictions to their users.
Mainstream recognition and adoption is on the horizon for Myriad. Keep your eyes peeled.
This article has been published in decrypt.co via Yahoo News.
Myriad Launches Revenue Share Program for Predictors and Builders
The prediction market protocol is now offering revenue sharing, with USDC rewards for users who share using their personal referral link.
finance.yahoo.com
