Prophet

Prophet is a revolutionary decentralized platform that allows users to speculate on the outcome of events.

Our project is built on the NEO ecosystem and utilizes the Neoline wallet tool. This project is running on the N3 Testnet. In Prophet, we use Gas as test token. Each transaction can be viewed through Neotube.

Forecast whether the propositions will be TRUE or FALSE. You earn if your guess is judged correct. Each proposition has an ID and a due time. Remember: Guess everything before it goes due!

Deposit

Deposit 100 Gas, and you'll receive 100 TRUE and 100 FALSE tokens of a certain proposition. You can buy/sell between TRUE and FALSE tokens to take a position.

Redeem

Before a proposition goes due, return 100 TRUE and 100 FALSE tokens of the same proposition, and you'll receive 100 Gas back.

Buy & Sell

Trade your TRUE tokens for FALSE tokens and vice versa. The price is defined by the Automated Market Maker (AMM) with the constraint xy=k.

At Prophet, you can exchange your TRUE tokens for FALSE tokens and vice versa. Additionally, selling all your FALSE tokens for TRUE tokens allows you to bet 100% on the TRUE outcome.

The token price is determined by the automated market maker (AMM) following the constraint xy=k. For example, consider a liquidity pool with TRUE / FALSE = 1200 / 900. If you provide 100 FALSE tokens, you'll receive approximately 120 TRUE tokens, calculated as follows: The resulting liquidity in the pool will be adjusted to TRUE/FALSE = 1080/1000.

Please note that a small fee (0.6%) is charged on your input tokens to show gratitude to the liquidity pool contributors. Without liquidity providers, we cannot offer such trading opportunities.

Winner Redeem

If a proposition is judged FALSE, you can exchange 100 FALSE tokens for 100 USD. Don't forget to keep your TRUE tokens as souvenirs and anticipate the merits they may bring in the future!

Join us to harness the power of collective intelligence and earn rewards!