[Final Report] Forkast Launch Campaign

  1. Executive Summary

    • Project Name: Forkast Prediction Market

    • Questbook Application: Forkast Prediction Market

    • Website: https://forkast.gg/

    • X: https://x.com/Forkast

    • Discord: Forkast

    • Forkast is a prediction market for esports and crypto, which has surpassed $40M+ in traded volume across 500K+ trades since launching on Arbitrum in November. We have onboarding thousands of traders to making predictions with trades settling in USDC on Arbitrum.

    • The Questbook grant enabled us to have a much more impactful launch on Abitrum by bringing in well known creators and traders to promote Forkast. It also allowed us to give out free trading credit codes to a larger audience on X. Our launch would not have been anywhere as significant without this financial boost from the grant.

  2. Performance Against KPIs

    • Our original budget was $10k for creators and trading credit codes. With the addition of a $25K grant, this enabled us to go after larger creators and distribute another wave of codes to telegram and discord community groups we identified. This was the difference between a lackluster launch with only a few creators and not nearly as much ease of onboarding that the additional budget of trading credit codes provided us.
  3. Qualitative Impact & Community Feedback

  4. Financial Summary

    • 50% of the funds were utilized to onboard over 500 unique users through free trading credit codes

    • 50% of the funds were also used to support creators who posted about Forkast and streamed trading prediction markets on Forkast

    • This enabled us to 2x our budget for creators and the Free2Trade credit campaign

  5. Future Plans & Continued Ecosystem Alignment

    • Next steps for the project post-grant:

      • How do you plan to expand on the original idea? We plan to announce a trading league called TVT League that expands on the original campaign and takes in learning lessons from our work with creators and streamers

      • We plan to continue to support the Arbitrum ecosystem through campaigns targeting defi traders and content creators on X and in Discord. The grant also allowed us to secure community partnerships with groups we continue to engage with today.

2 Likes

Thanks for sharing this final report and welcome to the Arbitrum forum, and Forkast team.
It’s great to see a clear breakdown of how the Questbook grant translated into user acquisition (500+ unique users) and creator campaigns, alongside the $40M+ volume on Arbitrum.
I especially appreciate the split between trading credit codes and creator incentives, and the intention to iterate via the upcoming TVT League.
As a governance-focused delegate, I’d be curious to see more detail over time on user retention and how many of these onboarded users remain active on Arbitrum-native markets, but overall this looks like a solid and transparent use of funds thank you for the accountability and for supporting the ecosystem.
@Cryptogamr