FAQ
General questions
What’s the Dopepool Prediction contract address?
Is there a time limit before I can collect my winnings?
No, we do not have any time limit and users can collect winning reward any time.
How is the payout 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, if there’s 10 BNB in the DOWN side of a round, and the overall prize pool is 100BNB, the DOWN payout ratio will be (100/10)=10x.
Payout Amount = Payout Ratio × Position × (1 - Treasury Fee)
In the above case, if the round ends on a DOWN result, if you committed 1 BNB to a DOWN position, you’d get a payout of (1*10) × (1-0.03) = 9.7 BNB. Your profit would be 8.7 BNB (8.7 - 1).
The treasury fee is currently set at 2.2%. Most fee will be used for product development and marketing while token buyback will be the key component in the future.
What are the fees?
2.2% of each round's total pot will go to the treasury, which will be used for marketing and product development. Token buyback will be the key component in the future.
The referrer will earn 0.3% of the referee's deposit amount each time. For example, User 1 refers User 2 in the prediction game. User 2 decides to make a bet and puts 1BNB into the pool. User 1 will receive 0.003 BNB ( 1 BNB * 0.3%) as a result and the referral fee will go to User 1’s wallet automatically.
What are the supported currency to make prediction on Dopepool?
Matic on Polygon
BNB on Binance Smart Chain
Others coming soon!
What can you receive as reward if you win ?
MATIC if users play on polygon chain
BNB if users play on Binance Smart Chain
When can you make prediction on Dopepool ?
You can predict at any time when the markets are live.
The cryptocurrency markets will be active 24x7
Other market, like equities, will be subject to their trading hours only
What are you using for your price feed?
Prediction platform sources its price feeds from:
Trading View: Real time price feeds on interface
ChainLink Oracle: Locked Price; Price used for closing each round
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