Prediction FAQs
General questions related to Binary Prediction
Last updated
General questions related to Binary Prediction
Last updated
PeerBlue is on a mission to make decentralized finance and games accessible to everyone. Believing in the power of blockchain technology to democratize finance, PeerBlue has created new gaming experiences. With a focus on multiple blockchains, the team is committed to building products that are both innovative and user-friendly. Whether you’re new to decentralized finance or an experienced trader, Peer Blue has something for you.
The PBEX gaming model is set around Binary predictions. Currently, predicting the market trend of POLYGON’ MATIC is the game’s modus operandi. The fluctuation in the current price of the crypto token determines the final outcome of the game. The user-first policies make PBEX foil to the other Crypto P2E games. Here are a few benefits of predicting with PBEX.
Here’s a list of a few FAQs!
Verified contract address: 0x244c8d8922bfbeac9cc9a2dec4cb3549e54e0d64
Our prediction smart contract has been audited & certified by Certik The link below redirects to our Certik certification
https://skynet.certik.com/projects/peerblue-exchange
PBEX uses two sources for the price feeds. Both of them serve a different purpose within the prediction market:
ChainLink Oracle
It’s used for the Lock price and End price of each prediction market round. The price updates in intervals of 20 seconds. It’s used for the “Chainlink” chart on the interface
Our prediction contract uses the ChainLink Oracle price feed to set the prices used to determine the final outcome. Put simply, it helps us decide whether a user has won or not.
To verify our chainlink oracle click on the link below.
Binance
Binance is used for real-time price updates on the PBEX prediction platform. It’s also used for the “TradingView” chart on the interface.
Since two different price feeds are being used, the real-time price updates from Binance and the ChainLink Oracle price may vary by an inconsiderable margin. However, they shouldn’t differ significantly.
If you enter a round 10 seconds before the round moves to a live stage, your transaction might fail due to time constraints. In this case, MATIC won’t be deducted from your wallet.
In case of claim failure, please cross-check your gas fees. If the issue remains unsolved, please head to our telegram & discord channels to know more.
No. Once have entered in particular a position, you can NOT change the direction, or remove your position. Predicting an outcome requires you to enter either of the two positions, UP or Down. Along with that, the investment amount has to be entered too. Be sure of the amount you’re investing and your choice of position before confirming.
In case, all the players predict one particular outcome and there’s nobody choosing the alternate option, that round shall be declared null & void and the user can claim all the initial investments through the history page. The prediction works successfully only when players invest on both ends.
To reclaim funds, you’ll need to pay a minimal gas fee. We can’t compensate you for the gas fees, so please bear this small risk in mind before participating.
5% of each round’s total pool will head to the PBEX treasury.
Players can connect MetaMask, Trust Wallet & Wallet Connect service that further supports 20 different wallets.
Choose POLYGON as the main net in your respective wallet
Here’s How to add the Polygon network to your MetaMask & Trust Wallet
No, you’ll be able to collect your winnings right after the round goes into the “expired stage” or at any time in the future.
To claim winnings, you’ll need to pay a minimal gas fee. We can’t compensate you for the gas fees, so please bear this small risk in mind before participating.
You can claim your winnings from the history section right below the prediction rounds.
To claim winnings, you’ll need to pay some gas fees. We can’t compensate you for the gas fees, so please bear this small risk in mind before participating.
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
Let’s say there are 15 MATIC on the DOWN side of a round, and the total prize pool is 150 MATIC, In this case, the DOWN payout ratio will be (150/15)=10x
Payout Amount = Payout Ratio × Position × (1 — Treasury Fee)
If the round ends with a DOWN result,
A commitment of 2 MATIC on the DOWN position, will receive a payout of (2*10) × (1–0.05) = 19 MATIC.
The profit would be 17 MATIC (19–2)
The treasury fee is currently set at 5%: this may be subject to changes, which would be announced on Peer Blue’s official communication channels. Treasury fees are used to manage servers, for development, and to buy back & burn PBEX tokens.
At times, the final result may be different from the last result displayed while the round was live. Suppose you watched a round end on “ DOWN” and a few moments later the results might flip to “UP”
This happens because we use the ChainLink Oracle price feed to determine the end result. The period between the end of one round and the start of the next is 30 seconds, but the Oracle refreshes every 20 seconds. It’s possible that during this short period, Oracle might update the price while the next round is being minted. This “flips” the outcome of the previous round.
In the very rare event of the Locked Price and the Closed Price being exactly the same, the round will be declared null and void. The initial investments will be returned back to the players.
To reclaim funds, you’ll need to pay a minimal gas fee. We can’t compensate you for the gas fees, so please bear this small risk in mind before participating.
The market undergoes a pause when conditions affect the reliability of the contract. In the scenario of markets being paused, the prediction and gaming rounds shall be halted.
The prediction market will pause under the following circumstances:
The prediction contract has failed to obtain the price from the ChainLink oracle due to a lack of update from the oracle at the end of the round.
The prediction contract has been unable to execute an action (ending a round or getting a price from the oracle) due to the tx being stuck in the mempool for longer than 20 blocks.
The market will resume when an admin manually resumes it.
If the markets pause while you have a live position, your funds will be available to reclaim, the same way as you would normally claim your winnings.
To reclaim funds, you’ll need to pay some gas fees. We can’t compensate you for the gas fees, so please bear this small risk in mind before participating.
If there’s anything else you need help with, feel free and head to our Discord and Telegram servers! We’ll be more than happy to answer your queries!
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