Prediction Market
Welcome to the Prediction Market documentation! This page will guide you through how to participate in our prediction market, make predictions, and claim rewards.
Table of Contents
What is the Prediction Market?
The prediction market allows users to predict the price movement of LIX/BNB within a specified timeframe. Users can choose whether they believe the price will be higher or lower at the end of the round. Correct predictions will be rewarded.
How to Participate
Follow these steps to make a prediction:
1. Connect Your Wallet
- Install a Web3-enabled wallet like MetaMask or use another compatible wallet.
- Click the "Connect Wallet" button on the platform.
- Ensure you are on the correct blockchain network.
2. Make a Prediction
- Select the LIX/BNB market.
- Choose "Higher" or "Lower" based on where you think the price will be at the end of the round.
- Enter the amount of tokens to participate.
- Confirm the transaction in your wallet.
3. Claim Rewards
- Once the round ends, users with correct predictions can claim rewards.
- Click "Claim" to receive your payout.
- Tokens will be transferred to your wallet automatically.
Prediction Rules
- Only one prediction per user per round is allowed.
- Predictions must be placed at least 30 seconds before the round ends.
- Once a prediction is made, it cannot be canceled.
- Payouts are based on the total amount in the prediction pool.
Rewards and Payouts
- Winners share the total prediction pool minus a small platform fee.
- Payouts depend on the total amount staked in the round.
- All transactions are processed automatically on-chain.
FAQs
1. What happens if my prediction is incorrect?
Your staked amount will be added to the reward pool for correct predictions.
2. Can I participate in multiple rounds?
Yes! You can enter a new round as soon as the current one ends.
3. Where can I check my rewards?
Your winnings can be seen on the platform dashboard.
If you need assistance, reach out to our team: