âšī¸Predict explanation
You have a time of 1 round to bet if the asset rate goes up or down within the next 3 rounds. You win money from other people. The rate of winning depends only on split of all users bets in a round.
PREDICT ROUNDS AND LOGIC
Round is a time where you can place a bet. Usually 270 seconds.
In the start of the round the START PRICE is downloaded (se Chainlink & datafeeds)
During the round you bet if the price will be higher or lower after 3 rounds passes.
Therefore after the round ends you wait 3 more rounds before the draw is made.
In the end of the 4th round the final price is compared with the start price of the 1st round and the draw is made
You can see that rounds create an infinite chain of rounds.
End price of 1st round represents the start price of the second round, etc.
Draw and winnings distribution
Draw is made in the end of the 4th round
All bets and bonuses that were placed are shared among winers (that bet on correct side)
Participants who wins receive their winnings to their wallet address
Winning fee of 3,6% is already deducted and transparently distributed into staking
To understand this further read the Example of predict round accounting
Predict bonus explanation
Lets ask yourself a question: "Why should you risk and bet into pool first while there are no other bet that you can win"? Well, the answer is that the earlier you bet the more you can win!
Bonus pool collects 4% of all predict BETs and proportionally splits it among winners according to following parameters:
How much they bet (amount of bet)
On which place they bet (in descending way of counting - if there is 100 bets the first has value of 100 and last have value of 1)
That means that more you bet and earlier you bet the bigger share of the 4% bonus pool you receive in case you win.
These 4% can also exceed your 3,6% winning fee as bonus is paid only for winners.
That motivates users to create bets and bring the liquidity in early stage of the round and that makes the round winning pool interesting.
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