Forecast FAQ

FAQ

Q：Is there a time limit for claiming the bonus？

The bonus will be automatically distributed to your wallet address as soon as the period ends. You can check the details through the wallet application and transaction records.n pick it up at any time.

Q：How are payments calculated?

Payout Ratio for UP Pool = Total Value of Both Pools ÷ Value of UP Pool

Payout Ratio for DOWN Pool = Total Value of Both Pools ÷ Value of DOWN Pool

For example:the down pool has 1000 USDT. Thec total prize pool is 5000USDT. The downward payment ratio is (5000 ÷ 1000) = 5

Bonus distribution = Forecast amount × payout ratio× (1 - Treasury fee)

For example：

if you put 100USDT in the down pool. Then you will get (100×5) × (1-2.2%) = 489USDT and your profit will be 489-100=389USDT

Treasury fees are currently tentatively set at 2.2 per cent, subject to change. For ecological development, POP equity dividends POP buyback. Protocol updates, decentralized governance. Treasury fees can later be changed through community governance.

Q: How much does it cost？

The treasury fee is currently tentatively set at 2.2%, which may change later, and community govern

Q: What is used as a price source for BTC?

Popular uses chainlink and Binance as price sources, which both have their own purpose in the prediction market.

Chainlink

• Used to lock in and close prices, which will be updated in 20-second intervals.

• Chart display for interface

Binance

• Occasional price updates for the interface.

• Our prediction contract uses Binance price feedback to decide if a user wins.

• Chart display for interface.

Since Popular uses two price displays, chainlink and Binance's prices may differ a bit. However, they should not differ significantly.

Q： What if no one enters the other person's position?

If in a round of prediction, no one enters the opponent's position. If that side loses. The losing money will go to the treasury. For example, user A enters an ascending position, and no one else enters a downward position. A failed. Since there is no object to pay, the losing money will go to the treasury.

Q: What happens if the locked price is exactly the same as the closing price?

In rare cases, the locked price is exactly the same as the closing price, and the funds will be returned the same way, minus treasury fees. This is the same as if you usually won the lottery.

Q: Can I change or withdraw a forecast and add a forecast?

Since the prediction market is smart contract interaction, it runs on-chain. Therefore, you cannot change or withdraw a forecast that has already been submitted. However, the forecast can be increased. So before confirming your prediction, make sure you have your prediction. 100% satisfied.

Q: Why is the market suspended?

The market pauses when there is an impact on the reliability of the contract, which means that no bets can be placed on any round.

Q: What causes the forecast market to pause?

The market is expected to pause under the following conditions.

• The prediction market cannot get prices from the chainlink oracle because the oracle does not publish a price at the end of the forecast.

• Prediction contracts cannot perform operations (execution contracts with price feeds). Blockchain network congestion or stuttering.

Q: When will the market resume after the pause？

The administrator manually restores and the marketplace restarts.

Q: What happens to my funds if the market is suspended?

If you have a real-time forecast, your funds will be returned to your address just like distributing bonuses.