The Anatomy of Shark Protocol

Introduction

In this section, we introduce every element that constitutes Shark and makes it an ecosystem. Shark comprises the following elements:

• Price prediction game

• $SHARK token

• $SHARK staking (referred to as the "house")

We will now delve into each of these elements to discuss their interrelation and how they depend on each other. Firstly, we will introduce the token and explain its crucial role within the protocol, followed by an overview of how $SHARK staking contributes to making our price prediction protocol unique.

Shark solves the biggest problem with respect to price prediction applications

When it comes to price prediction applications, if there are only bets on one side of the game, the game will be cancelled. This doesn't provide a great user experience as you are unsure if the game will go through. Shark Protocol solves this problem via $SHARK staking as it automatically open bets on both side of a game so they are never cancelled.

The next sections present in details every aspect of Shark Protocol.