prediction market underway building the most universal user friendly prediction market on Web3/iOS/android
built on the solana network
email: [email protected]
Any question can be a market.
Ask it. Launch it free. It's live in a minute, and you earn 0.5% of every trade.
https://t.co/ZFcUbfARnT is launching soon on @solana
Hello Solana community, my name is Kane and I'm building https://t.co/483RBel4s8, a prediction market where anyone can launch the question.
How it works:
• Type a YES/NO question, set the rule and where anyone can check the answer
• It's a live market in about a minute
• Each side is a real Token-2022 coin, YES and NO, held in your own wallet
• Every market opens at 50/50 with a $5 seed we put up, so your first market is free
• The creator earns 0.5% of every trade on their market
• Winners are paid by the program on-chain
Where it's at:
The Anchor program is live on Solana mainnet, the website and phone app are built, and we're in the final stretch before launch. The program has 65 tests and passed a 300,000-action stress test with zero failures.
How it works: https://t.co/OtCSNYNUxM
What I'm looking for:
• Experienced Solana and Anchor devs to review the program and give honest feedback
• Advice on launch, security and growth
• People who want to build this with me
If that's you, email me at [email protected]
Thanks for reading.
Any question can be a market.
Ask it. Launch it free. It's live in a minute, and you earn 0.5% of every trade.
https://t.co/ZFcUbfARnT is launching soon on @solana
@babs_josh12399 Agreed, rewards bring people in but a community will keep them.
Yes. The site already has chat, callouts where people post their calls with live positions, and following, so creators can build a crowd around their markets.
I am planning on setting up a Discord community soon.
You're right, that's a real challenge. How we're tackling it:
Creators earn 0.5% of every trade on their market, so they have a reason to bring their own audience.
We also run official markets on crypto prices, weather and sports, so there's always something live to trade from day one.
On the site, markets are ranked by activity, there's search by category, a feed of what people are trading, and missions and ranks that reward trading. Every market also has a share card built for X and group chats.
The bet is that the best markets come from communities, not from us.
Great question. Three layers as of right now:
1. At launch: the creator has to write the exact rule for YES and a public source anyone can check. Vague questions get flagged, and some topics are blocked outright. Blocked topics about minors and death markets. (Death markets are markets betting on people’s deaths)
2. The creator never decides the answer. Price questions settle automatically from Pyth on-chain. Weather and sports come from data feeds. Everything else is decided by the WHOKNOWS resolver, who has to cite a source, and every result is shown in a public results log.
3. After a result there's a 1-hour challenge window. Anyone can challenge for free before payouts open. If a market can't be resolved within 7 days, the program cancels it and refunds everyone.
A community oracle is already built into the program for the next step, so resolution doesn't stay with us forever.
Good question. The source isn't public yet, but it will be. Once it's ready, the full program and test harness go public.
Until then, I'm happy to give read access to experienced Solana devs who want to review it early. Email me at [email protected] with your GitHub and I'll send an invite.
The program is already live on mainnet, so anyone can watch how it behaves on-chain: 2SRRVEBiFTdCxypx8gSLp1ksBcQ2sDLnisRVGf51mje5
@Ianbtc777 Great breakdown, appreciate you sharing the market maker side. Curious where you'd put long-tail, user-created markets on that spectrum. I'm building one on Solana (https://t.co/QixjYp6Dij) and liquidity on niche questions is the part I think about most.
@BlockEnthusiast Ha, the fact that you keep wanting markets on super specific stuff is the whole case for permissionless creation. I'm building that on Solana at https://t.co/QixjYp6Dij: any yes/no question becomes YES and NO coins. Would love your take.
@J5jayfive That liquidity ceiling is real. The 'just make my own market' itch is exactly why I'm building https://t.co/QixjYp65sL: anyone can turn a yes/no question into YES and NO coins on Solana. Waitlist's open at https://t.co/mtzqWigLVh if you want early access.