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Frequently Asked Questions
How do I create a prediction market?
To create a prediction market, connect your wallet, click on the "Create" button in the navigation bar, and follow the step-by-step instructions. You'll need to provide a clear question, end date, and initial liquidity.
How are prediction markets resolved?
DegenPredict uses a hybrid AI-human resolution system. When a market ends, our AI analyzes relevant data to determine the outcome. For complex questions, a panel of human judges from our DAO reviews the AI's assessment and makes the final decision.
What fees does DegenPredict charge?
DegenPredict charges a 1% fee on all trades. 3% of winning trades goes to the market creator, 7% goes to the DAO treasury, and 40% goes to the platform. There are no additional fees for creating markets or withdrawing funds.
How do I join the DegenPredict DAO?
To join the DAO, you need to hold $DGEN tokens. Visit our DAO page for more information on how to acquire tokens and participate in governance. DAO members can vote on proposals and serve on resolution panels.
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