Meme Coins

Pooled Predictions on Decentralized Tokens

Pooled Predictions

"Meme Coins" allows users to bet on Decentralized Tokens by predicting if the token will go up in value or down in value within a specific time range. Decentralized tokens can be bought and sold on DEXs or CEXs, however, most tokens requires you to hold these tokens in your wallet to sell. Only tokens with large enough volume and liquidity can be traded without actually holding the tokens. With Supermarket, users can place predictive buy or sell trades without holding tokens.

Process:

Two Sides - Over and Under: Participants are given two options to predict on: "Over" and "Under." Participants are essentially predicting whether the tokens price will increase in price "Over" or decrease in price "Under."
Rounds: Rounds take place at regular intervals, every 10 minutes. (5 minutes to enter a trade, 5 minutes to determine an outcome)
Pooled Bets: All the bets placed by participants on both sides (Over and Under) are pooled together. This creates a pool of funds that will be distributed among the winners.
Determining Payout: Once the round closes, the system determines the total amount of money bet on each side (Over and Under.)The side with the larger amount of money pooled will be declared the winning side.
Winners and Losers: Participants who placed trades on the winning side are considered winners. They receive a weighted % of the pooled funds, which is determined based on their individual bet amounts. On the other hand, participants who placed trades on the losing side are considered losers and their bets are forfeited to the winners.
Payout Calculation:
- Payout Ratio for Over Pool = Total Value of Both Pools ÷ Value of Over Pool
- Payout Ratio for Under Pool = Total Value of Both Pools ÷ Value of Under Pool
For example, if there’s 15 ETH in the DOWN side of a round, and the overall prize pool is 150 ETH, the DOWN payout ratio will be (150/15)=10x.
- Payout Amount = Payout Ratio × Position × (1 - Operation Fee)
In the above case, if the round ends on a DOWN result, if you committed 2 ETH to a DOWN position, you’d get a payout of (2*10) × (1-0.069) = 18.62 ETH. Your profit would be 16.62 ETH (18.62 - 2).
Supermarket Fees: To sustain the system and cover operational costs, a 6.9% Operation fee will be taken from each rounds total pot.

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Last updated 1 year ago

Pooled Predictions

Process:

Two Sides - Over and Under: Participants are given two options to predict on: "Over" and "Under." Participants are essentially predicting whether the tokens price will increase in price "Over" or decrease in price "Under."

Rounds: Rounds take place at regular intervals, every 10 minutes. (5 minutes to enter a trade, 5 minutes to determine an outcome)

Pooled Bets: All the bets placed by participants on both sides (Over and Under) are pooled together. This creates a pool of funds that will be distributed among the winners.

Determining Payout: Once the round closes, the system determines the total amount of money bet on each side (Over and Under.)The side with the larger amount of money pooled will be declared the winning side.

Winners and Losers: Participants who placed trades on the winning side are considered winners. They receive a weighted % of the pooled funds, which is determined based on their individual bet amounts. On the other hand, participants who placed trades on the losing side are considered losers and their bets are forfeited to the winners.

Payout Calculation:

Payout Ratio for Over Pool = Total Value of Both Pools ÷ Value of Over Pool
Payout Ratio for Under Pool = Total Value of Both Pools ÷ Value of Under Pool

For example, if there’s 15 ETH in the DOWN side of a round, and the overall prize pool is 150 ETH, the DOWN payout ratio will be (150/15)=10x.

Payout Amount = Payout Ratio × Position × (1 - Operation Fee)

In the above case, if the round ends on a DOWN result, if you committed 2 ETH to a DOWN position, you’d get a payout of (2*10) × (1-0.069) = 18.62 ETH. Your profit would be 16.62 ETH (18.62 - 2).

Supermarket Fees: To sustain the system and cover operational costs, a 6.9% Operation fee will be taken from each rounds total pot.