The token
In shortLocked to list markets, bought back and burned with the platform's fees.
- Address
- Announced at launch
- Launches on
- Flap, on BNB Chain
- Used for
- Deposits to list markets. Bought back and burned with the platform's fees.
Until the token launches, the team lists every market, with no deposit. User markets open once it is live.
The loop
In shortBetting pays fees, fees buy the token, bought tokens burn.
- 1People betBNB on KOL markets the team and creators list.
- 2Every bet pays 3%Held until the market settles; a void refunds it.
- 3Fees buy the tokenMost of the platform's share buys it on the market.
- 4Bought tokens burnStraight to the dead address, every time.
- 5Creators lock itListing a market takes a deposit in the token.
Two things move it. The platform spends most of what it earns on buying the token, and anyone who wants to list a market has to hold some. Neither depends on the token's price: the buyback runs on fees from betting, whatever the token trades at.
What it does
In shortDeposits and buybacks. Betting stays in BNB.
Deposit to list a market
Listing a market locks a deposit in the token. It comes back once the market settles with enough bets, and is burned if it doesn't. The rules are under deposits.
Bought back and burned
The platform's share of every fee buys the token on the market and burns it.
What it doesn't do
You don't need it to bet: bets are in BNB. It doesn't change odds or payouts.
Fees
In short3% per bet, split when the market settles. A void refunds it.
Every bet pays a 3% fee. When the market settles, the fee splits by who listed it, as the contracts have it now:
- Buyback and burn80% of the fee
- Team20% of the fee
A voided market refunds every bet in full, fee included, so nothing is split. The fee is fixed per market when it is listed; the team can change it for new markets, up to 5%.
Buyback and burn
In shortA contract buys the token with the fees and sends it to the dead address.
- The platform's share of every settled market goes to the fee splitter, a contract that keeps the buyback money and the team's money in separate accounts.
- Every 15 minutes, when there is something to spend, it buys the token on the market.
- Everything it buys goes to the dead address, 0x000000000000000000000000000000000000dEaD. The contract checks the tokens arrived there on every buyback, so the buyback money can't leave any other way.
Deposits
In shortBack with enough bets, burned without them.
- Comes back
- The market settles with at least its minimum volume of bets, or the team voids it for a reason that isn't the creator's, or nobody resolves it in 7 days.
- Burned
- The market settles below its minimum volume, nobody backed the winner, or the team voids it as invalid (a made-up or malformed trader). The reason is written on-chain.
- Amount
- Shown on the create page before you confirm.
Creators earn a share of their market's fee in BNB once it reaches its minimum volume, and claim it from their portfolio.
Contracts
In shortEvery address, on one list.
- Network
- BNB Smart Chain
- Token
- Announced at launch
- Fee splitter
- 0xc64d50Bd039D550BBc133dA6A0F02f5aab68261A
- Burn address
- 0x000000000000000000000000000000000000dEaD