F.A.Q
How is my payout determined?
Payouts are calculated based on the total prize pool and your bet’s size relative to others in your chosen pool. Here’s how it works:
Each round has two pools: "Above" and "Below."
The total value of both pools determines the payout ratio for each pool. For instance, if the total prize pool is 150 SOL and the "DOWN" pool has 15 SOL, the payout ratio for the "DOWN" pool is 10x.
If you bet 2 SOL in the "DOWN" pool and win, your payout is calculated as: Payout Amount = 2 SOL × 10 × (1 – Platform Fee) Your profit is the payout amount minus your initial bet.
This system ensures fair payouts based on contributions to the prize pool, making smaller pools more rewarding due to higher payout ratios.
What fees will I be charged?
Nostradamus applies a small platform fee to each prediction, which varies depending on your VIP tier:
VIP 0: 3.8%
VIP Silver: 3.5%
VIP Gold: 3.0%
VIP Diamond: 2.7%
VIP Seer: 2.2%
These fees are deducted from the prize pool to support platform operations, including development, marketing, and the buyback-and-burn mechanism for the Nostradamus Token. By holding Nostradamus Tokens, you can reduce fees, giving loyal users a significant advantage. Please, refer to the VIP PROGRAM for more information.
Where does Nostradamus get its price data?
We use Pyth, a decentralized and reliable oracle, to fetch real-time price feeds for our prediction markets. Pyth aggregates data from multiple sources to ensure accuracy and minimizes the risk of manipulation. This means you can trust that all predictions are based on transparent and verified data.
Why did the outcome of my round change after it ended?
In rare cases, price feed updates or corrections can occur after a round has ended. Nostradamus relies on the Pyth oracle, which may revise prices to reflect more accurate market data. While these adjustments are infrequent, they ensure that all outcomes remain fair and consistent with the real-world price movement.
What happens if no one bets on the opposite side?
When only one side of a round has positions entered, the outcome is handled differently based on whether the single participant wins or loses:
If the user wins: They can claim their funds from the prize pool after the treasury fee is deducted, which depends on their VIP tier.
If the user loses: Since there are no opposing positions to distribute winnings, the losing funds are sent to the treasury.
Example Scenarios:
User A enters an UP position, but no one enters a DOWN position. If User A loses, their entire bet is sent to the treasury.
User B enters an UP position, but no one enters a DOWN position. If User B wins, they can claim back their full bet amount minus the treasury fee.
This approach ensures the sustainability of the platform while maintaining fairness for participants.
What if the locked price matches the final price?
When the locked price and the closing price are identical, the round results in a draw. In this case, no one wins or loses, and all funds from the round are sent to the treasury. This rare scenario helps ensure fairness and avoids any ambiguity in payout calculations.
Can I change or cancel my prediction after placing it?
No, once a prediction is placed, it is final and cannot be changed or withdrawn. This rule maintains the integrity of the prediction market, ensuring that all participants have equal and fair conditions during each round.
What does it mean when predictions are paused?
A paused prediction market indicates that the system has temporarily stopped accepting bets. This is often done to prevent inaccurate results or disruptions caused by external factors, such as interruptions in the price feed.
Why are prediction markets paused?
Prediction markets are paused when the platform cannot retrieve accurate or timely price data from Pyth, the oracle responsible for feeding prices. This ensures that all predictions are based on reliable and consistent market data.
What happens to my prediction if the market pauses?
If the market is paused during a live round, your prediction remains valid. However, depending on the issue's resolution:
The round may be voided if the market cannot resume properly. In this case, your funds will be refunded.
If the market resumes with no interruption to data accuracy, the round will continue as normal.
This approach ensures that participants’ funds and predictions are safeguarded during unexpected disruptions.
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