The rise of prediction markets in recent times has created a huge demand for sophisticated trading tools. Converge emerges as a solution providing a dedicated trading interface, optimizing the user experience on decentralized prediction platforms. Let's explore this project with Coin68 in the article below.
What is Converge? Learn about trading terminals for prediction markets.
What is Converge?
Converge is a trading terminal specifically designed for the prediction market . Instead of operating as a separate market, Converge Vai as an advanced interface layer, connecting directly to major prediction protocols (such as Polymarket , Kalshi , and Limitless ) to provide professional analysis and order execution tools.
What is Converge?
Converge's goal is to bridge the gap between the trading experience on Centralized Exchange and the transparency of decentralized blockchain-based prediction markets. Instead of being just a typical betting website, Converge offers specialized solutions to thoroughly address existing barriers. The project professionalizes the interface through a trading terminal system, providing comprehensive indicators and graphical tools in place of the simple, unanalytical interfaces of traditional platforms. This gives traders a deeper and more scientific understanding of price movements for each prediction outcome.
Converge's main products and features
The project currently focuses on two main product modules to help users access the market most effectively:
Explore
Explore interface
The Explore feature Vai as a smart filter and search tool. Here, users can:
- Monitor the markets that are trending or have the highest volume .
- Categorize events by category such as politics, sports, crypto, or economics.
- Quickly XEM basic statistics such as total liquidation and current forecast rates without needing to delve into individual markets.
Terminal
Terminal interface
This is Converge's core feature, providing an experience similar to professional trading software:
- Detailed price chart : Integrates graphical tools to help users analyze price fluctuations of each prediction result over time.
- Order Book : Displays details of buy and sell orders awaiting execution, helping users assess market depth.
- Fast order execution : Optimizing the order placement process to minimize delays, allowing users to react promptly to the latest news and events.
- Transaction history : Provides detailed information about all executed orders across the entire market for user reference.
Operating mechanism
Converge functions as an aggregator, meaning that instead of creating new markets itself, Converge uses an application programming interface (API) and smart contracts to interact directly with platform protocols like Polymarket on the Polygon network.
When users execute trades on Converge, orders are transmitted to the native protocol's liquidity pools. This ensures that users still benefit from the abundant liquidation of major exchanges while also having access to a more modern set of trading tools.
Development roadmap
According to the project's official documentation, Converge has outlined a development roadmap Chia into four strategic phases:
- Phase 1 – MVP (Minimum Product) : Focus on building and integrating the Explore and Terminal interfaces with major platforms such as Polymarket, Kalshi, and Limitless.
- Phase 2 – Expanding Scope : Launching analytical tools and XEM for relevant markets. Simultaneously, the platform will begin integrating more prediction markets.
- Phase 3 – Advanced Features : Introducing a professional service package that includes advanced data analysis tools and the implementation of automated trading strategies.
- Phase 4 – Scaling Up : Integrating live news feeds, providing more in-depth analysis, and continuously adding new prediction platforms to the system.
Development team
Information regarding the specific identities of the Converge founding team has not yet been released on official channels. Coin68 will provide further updates as soon as the project makes an announcement.
Investors
Currently, Converge has not officially announced any Capital rounds or a list of investment funds that have Capital in the project. Coin68 will provide further updates as soon as the project receives the latest announcement.
Summary
Above is all the information about the Converge project. Coin68 hopes that readers have grasped the basic information to better understand the project and how it works. We wish you more useful knowledge!
Note: The information in this article is for informational purposes only and is a compilation of publicly available information about the project; it is not investment advice. Coin68 is not responsible for any financial decisions you make.
