pull down to refresh
87 sats \ 4 replies \ @Team_Predyx 31 Oct \ on: Non custodial solutions for Predyx - feedback requested. oracle
Hi,
@Coinsreporter @grayruby @BlokchainB @Undisciplined @OT @Wumbo @south_korea_ln @SimpleStacker @ACYK @softglitter2d @ken @DarkStacker @itsTomekK @needcreations_ @Solomonsatoshi @afpsniper88
@kepford @Cje95 @Jer
Hi
@Coinsreporter @grayruby @BlokchainB @Undisciplined @OT @Wumbo @south_korea_ln @SimpleStacker @ACYK @softglitter2d @ken @DarkStacker @itsTomekK @needcreations_ @Solomonsatoshi @afpsniper88
@kepford @Cje95 @Jer
We kindly request you go through this 'Predyx Market Creation Guide'. In case you still have some question about Predyx functionalities, feel free to post your queries below. We shall be more than happy to reply or add them in the faqs.
I'm happy I can clear the doubts.
I recommend you to place some predictions in higher liquidity markets if you're more of a trader. There are many markets on Predyx which have very high liquidity and corresponding volume that will reward traders much more relatively.
Here's an example what to look for if you want to enter and exit a market
The left one (red circle) is for the volume, the right one is for the liquidity.
Keep in mind the higher the liquidity and volume are on a market, the odds (what you called margins) are less volatile while trading i.e. while buying or selling both.
If I wait until market closes and I win I should receive at least 100/65 x 8000- 1%?
In the above mentioned scenario you will recieve 7983 Sats.The win fee is only .20% and there's 1 sat fee for transaction on the market you mentioned. So this will be 17 Sats in fees deducted from your 8000 shares.
(Each share you buy at Predyx stands for 1 satoshi.)
Maybe I am not accounting for dynamics of odds/pricing if I were to sell them on market now?
Yes sir. Predyx works on LMSR which reduces the odds if a sell happens and increases when a buy happens. There should be high volatility in odds in case the market has lower liquidity, and vice versa.
Selling before the market is ripe often is less rewarding because the LMSR detects the trend is shifting.
Ok. My bad I thought you were talking about design aspect of Predyx.
Sir, we are not charging higher than 1%. In fact the fees are far less than 1% and also much lesser than what our competitors are charging.
I suppose you haven't gone through the market page to full length, because there's a section where 'Market Fees' is clearly mentioned under the 'description'.
I hope it's clear to you now.
Thanks again.
Thank you so much for the kind words and suggestion. We're constantly working on to improve user satisfaction. Once we're done with optimization of performance of the site, we'll definitely make the design better.
Sorry for the inconvenience. I can see we already have it lined up on the list of upcoming fixes. I'll try to get it done asap.
Hi @Cje95,
Please use
Resolution to ask a resolution for the market,Hi @Solomonsatoshi,
We have made the refund of 5478 sats to your Predyx wallet for the transaction made on Bitcoin market after the timer expired.
Sorry for the inconvenience.
The market is resolved now and we have fixed the issue. You can resolve your other markets as usual like before.
Thank you so much.
Ok. Thanks for the info.
We are still working on it. There can be a bug impacting it. We need some more time to identify and make sure it doesn't occur again.
They have been stealing for long, it's only an extension to robbery.
Also, the moment you convert your BTC deposits into USDC for trading (that’s the underlying currency) you loose the all the benefits of appreciating assets. You’re offered a meager 4% APR on long-term markets.