Investment Forecast platform Monstock was listed on Klayswap

Investment Forecast platform Monstock  was listed on Klaytn-based decentralized exchange on December 6th, 2021.

Monstock is an investment forecast platform that allows anyone to predict the future value of investment assets such as stocks and cryptkocurrencies and evaluate the hit rate. Members can post their own predictions, rate other members' posts, and vote. Upon successful forecast, member who posted the forecast and voters both can be rewarded with Monstock tokens.

Monstock's forecasts are stored as smart contracts on the Klaytn blockchain so that forgery is impossible, and the forecast results and hit rate statistics are transparently disclosed to increase the reliability of information. In addition, by issuing Monstock token, a Klaytn compatible token, a token ecosystem was established. Through this, a platform with high user participation was able to be accomplished.

Listing on Klayswap made it possible for Monstock to began distributing tokens. Members will be able to participate in Klayswap's Defi ecosystem by using the Monstock tokens received as rewards to supply liquidity to Klayswap's MON - KLAY pool and receive transaction fees.

Monstock also added the Klip external wallet connection feature through the update on December 1st, and additionally added the Kaikas wallet function on December 3rd. This is a preliminary work for full-scale token distribution, and for this purpose, we plan to continuously increase the number of supported wallets in the future.

A Monstock official stated, "As the token has a market value, more inflow of users are expected in the future, and users are expected to participate more actively in the platform."

On the other hand, Monstock is currently only providing forecast services for Korean stocks, but plans to expand the forecasting area sequentially such as US stocks and cryptocurrencies from the first quarter of 2022. In the first quarter of 2023, global services including multilingual services will also be provided. We plan to also launch various expansion plans, leaping into a comprehensive investment information service such as issuance of hit rate authentication cards using NFT and cloud-type auto trading bots.

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