Fomora Protocol
Whitepaper

Fomora transforms internet culture into a tradable asset class through decentralized prediction markets on Solana. Users bet on viral trends, meme lifecycles and cultural moments before they explode, creating a new financial primitive where internet foresight generates real value.

Traditional finance fails to capture the $100B+ attention economy driving modern culture. Viral content, memes and trends generate enormous value but remain untradeable. Cultural tastemakers have no way to monetize their foresight, while the internet's collective intelligence around virality goes unharnessed.

Fomora creates liquid prediction markets for internet culture. Users stake tokens on outcomes like 'Will this TikTok hit 10M views?' or 'Will this meme trend on Twitter?' Winners earn from accurate predictions while the platform captures the wisdom of crowds to predict viral phenomena.

Built on Solana for sub-second finality and minimal fees. Smart contracts handle market creation, betting logic and automated resolution. Persistent file-based storage ensures data integrity during the test phase, with plans for full decentralization via Solana programs and IPFS integration.

Regular Markets: Longer-term predictions (24-48 hours) covering crypto trends, tech news, politics and cultural events. FOMO Markets: Ultra-short duration bets (30 minutes to 6 hours) capturing viral moments as they happen. Categories include viral content, memes, trending topics and real-time events.

Every platform fee (2-3% of bet volume) automatically triggers $FOMO token buybacks from open markets. Purchased tokens are either burned to reduce supply or treasured for ecosystem development. This creates a direct link between platform usage and token value appreciation, aligning user activity with holder interests.

Leaderboards track top predictors across different timeframes and categories. Streak multipliers reward consistent accuracy. Reputation scoring builds long-term credibility. Achievement systems and badges create engagement loops while identifying the best cultural forecasters on the platform.

Solana blockchain for fast, cheap transactions. Next.js frontend with React Query for real-time data. Persistent storage with automatic data validation. Wallet integration via Solana adapters. Real-time market updates and live betting. Automated market resolution and payout distribution.

Solana wallet authentication ensures user identity. Atomic transaction handling prevents double-spending. Balance validation and rollback mechanisms protect against race conditions. All market data is cryptographically verifiable. Admin controls limited to market resolution and emergency functions only.

Users start with 10,000 test points during the public beta. Platform takes 2-3% fee on winning bets. Winners receive proportional payouts based on pool distribution. Early withdrawal includes penalty fees to discourage gaming. All fees fuel $FOMO token buybacks creating sustainable value accrual.