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On this page
  • 📌General Questions
  • What’s the Bunny Prediction's contract address?
  • Where do you get the price of Crypto?
  • How much can I enter?
  • How much is the Prediction fee?
  • How much is the network fee?
  • I have enough balance, why am I getting a "Insufficient BNB balance" message?
  • 🏆Winnings
  • Should I claim my winnings immediately? Does it disappear if I don't collect it right away?
  • How is the payout ratio for each position calculated?
  • How is the payout amount calculated?
  • ✔️About Positions
  • What happens if no one enters an opposing position?
  • What happens if the Locked Price and Closed Price are the exact same?
  • Can I change or remove my position?

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  1. Protocol
  2. Prediction Market

FAQ

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Last updated 3 years ago

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📌General Questions

What’s the Bunny Prediction's contract address?

Address:

Where do you get the price of Crypto?

Bunny Prediction uses Chainlink's price. Chainlink is acting as the Oracle of our smart contract.

  • Used for the "Lock" price and "End" price of each prediction market round. This updates in intervals of 30 minutes.

  • Our prediction contract uses the ChainLink Oracle price feed to set the prices used to decide whether a user has won or lost.

How much can I enter?

Every prediction game has a fixed minimum betting amount. It is not allowed to enter below the minimum amount. Currently, you need to bet more than 0.001 BNB. There is no limit to the maximum betting amount.

How much is the Prediction fee?

The fee is 3%. If you win, you can claim the prize and receive the amount excluding 3%. Fees may change but we will announce this in advance.

How much is the network fee?

You have to pay a fee when you enter the position and claim the prize. As you know, the transaction fee keeps changing depending on the market situation.

However, when you receive the prize, you will pay the fixed fee needed to execute our smart contract.

I have enough balance, why am I getting a "Insufficient BNB balance" message?

This could be due to the transaction(network) fee. Your balance must be larger than the sum of the bet amount and the transaction fee. Transaction fees are constantly changing according to market conditions.

🏆Winnings

Should I claim my winnings immediately? Does it disappear if I don't collect it right away?

No, you can always claim your prize. However, you have to connect the same wallet you used for your prediction.

How is the payout ratio for each position calculated?

  • Payout Ratio for UP pot = Total Value of Both pots ÷ Value of UP pot

  • Payout Ratio for DOWN pot = Total Value of Both pots ÷ Value of DOWN pot

How is the payout amount calculated?

  • Payout Amount = Payout Ratio × Position × (1 - Fee)

✔️About Positions

What happens if no one enters an opposing position?

If only one side of a round has positions entered into it, all bets for that round will be refunded regardless of the result.

What happens if the Locked Price and Closed Price are the exact same?

In the very rare occurrence that the Locked Price is exactly the same as the Closed Price, no one wins, and all funds entered into positions will be sent to the treasury.

Can I change or remove my position?

No. Once you put money in your position, you can NOT cancel, change the direction or amount, or add more money. Once you put it in, you should wait for the result.

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