Prediction Market

In Phase 4 of our Road Map, a Prediction market confined to Sports matches will be launched. The outcome has 3 possibilities - A team will be the winner, a Loser or the game tied. Users can bet on which team will win or it's going to be a tie and bet their FANC

Based on the outcome the users who bet on the actual outcome will be rewarded with 90% of Pool’s FANC token and the users who bet on the outcome that doesn’t happen lose their FANC.

The 90% of the pool’s FANC Token will be distributed proportionately to the % contribution user made to the total winning outcome. Out of the remaining 10%, 5% will be burned and 5% will be added to the platform treasury.

E.g. If there is a Cricket match between Australia Vs India.

Say, Users bet a total of 1000 FANC bets on India Winning; Other sets of users bet a total of 2000 FANC on Australia winning; Another set of users bet a total of 500 FANC on the match to be tied.

Let’s say that the outcome is – INDIA WON

Now the total pool size is 2500 FANC Out of which 5% = 125 FANC will be burned; another 5% = 125 FANC will be transferred to the platform treasury. The remaining 2250 FANC will be distributed proportionately to users who bet on India. Now say you bet 100 FANC which is 10% of the overall bet on India. Hence you will receive 10% of 2250 = 225 FANC