Trump’s social media app, Truth Social, will now give people the opportunity to guess about real-world events.
Now, Truth Predict, developed in collaboration with Crypto, is launching on the app. Meaning, Truth Social users will now be able to guess whether something will happen or not like the outcome of an election, the price of crypto, or the outcome of a match.
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Truth Predict Trump Network Web3 Crystal Ball?
This will include major political events, gold and oil prices, sports matches, crypto prices, and much more. This system allows people to make instant predictions, discuss, and compare their ideas all while earning Web3 rewards.
Devin Nunes, CEO of Truth Media, said, Truth Predict gives our users a safe and trusted system where they can participate in prediction markets and discuss their predictions through our social media platforms.
On the other hand, Kris Marszalek, CEO of Crypto, says that these prediction markets could quickly become a multi-billion dollar industry. Crypto.com had previously launched crypto predictions, which were well-received by American users.
Cronos Price Banks Trump Integration
Initially, the Truth Predict widget will run in beta testing mode, and will be fully launched in the USA shortly. This crypto prediction service is compliant with federal regulations, and will be rolled out to other countries once the rules are clarified.
Currently, American Truth Social and Truth+ users can earn Truth Gems from their activity, which can be easily redeemed for Cronos coins from Crypto. This new CRO rewards system is launching on Truth Social in collaboration with Trump Media.
The market value of Cronos also increased following this news rising by 6.44% to $0.16. If we look at the records of the last one year, CRO has shown a growth of 114.5%, and it is now included in the top 40 crypto coins, with a market cap of $5.72 billion.
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People Also Ask – Truth Predict:
What is Truth Predict?
This is a new prediction market feature added to Truth Social. It allows users to trade and speculate on real-world events. It is the first social media app with this feature built-in.
Why is Truth Social introducing this feature?
So that the platform doesn’t limit itself to social media, but also enters fintech. It gives people the opportunity to earn from their thoughts and predictions, and combines free speech + real action.
What types of events can users predict?
- Political elections
- Interest and inflation rate changes
- Gold and oil prices
- Sports league results
More new topics will emerge.
How does the partnership work?
This is an exclusive partnership with Crypto Derivatives North America. This service is CFTC registered, meaning it operates in accordance with regulatory requirements. Users can convert Truth Gems into CRO coins.
When is the launch?
Beta testing is currently underway on Truth Social. A full launch will follow in the USA, followed by global expansion once legal approvals are obtained.
