FWX Prediction Market(StakeBet)

Decentralized Token Based Prediction Market - Use Any Token as the Betting Chip

StakeBet is FWX's innovative prediction market, enabling users to use various allowed tokens as betting chips. This feature enhances the utility of both FWX/B4FWX tokens and partnered tokens, such as memecoins, by integrating them into engaging prediction-based activities. StakeBet is designed to offer a seamless experience for users to participate in prediction markets while driving further value to tokens within the FWX ecosystem.StakeBet is FWX's innovative prediction market, enabling users to use various allowed tokens as betting chips. This feature enhances the utility of both FWX tokens and partnered tokens, such as memecoins, by integrating them into engaging prediction-based activities. StakeBet is designed to offer a seamless experience for users to participate in prediction markets while driving further value to tokens within the FWX ecosystem.

Reward Mechanism

• Proportional Distribution:

  • Winners share the tokens forfeited by the loss side based on the proportion of their contribution to the total value of the staking pool.

  • For example, if a winner contributed 10% of the total stake on the winning side, they receive 10% of the tokens from the opposite side.

• Staking Rewards:

  • While the prediction market is live, all staked participants earn rewards from FWX and its partners.

  • These rewards are distributed periodically, providing additional value after the prediction concludes.

  • The losers forfeit thier staked token and reward to winners.

Rules:

1. The stages of each StakeBet Campaign:

   • Active: You can stake and bet (stakebet) during this stage

   • Waiting: The campaign is locked and awaiting results. No actions can be taken.

   • Claiming: Only winners can claim the rewards (both bonus and bet rewards) during this stage.

   • Complete: The campaign has ended. No actions can be taken.

2. Token Usage: The tokens used for stakebet and staking bonus rewards will be specified at the start of each campaign.

3. Staking Bonus Reward: This reward is calculated similarly to the usual lending market (first bet, more interest).

4. Multiple Choices: You can stake and bet on multiple choices in each campaign.

5. No Unstaking or Cancellation: Once you submit your stakebet, you cannot unstake or cancel your bet.

6. Rewards: All the prize money from participants' bets, including the total staking bonus, will be distributed proportionally to the winners of that choice.

7. Forfeiture of Rewards:

   • If you lose a bet, your stakebet amount and any bonus rewards gained will be void.

   • If you do not claim your rewards before the end of the claiming period, your rewards will be forfeited.