Oriole Insights
  • 📃Whitepaper
    • Introduction
      • Background: The state of uncertainty in the cryptocurrency world.
      • The Necessity of Social Prediction Platforms
      • Oriole Insights Mission: Community-Driven Predictions
    • About Oriole Insights
      • Introduction to Oriole Insights
      • The Vision: Reputation and Accuracy at the Forefront
      • Oriole Insights Unveiled: Engaging the Predictive Spirit
    • Target Audience
      • Newbies
      • Traders and Analysts
      • Opinion Leaders (KOLs)
    • Core Mechanics and Reward System of Oriole Insights
      • UP/DOWN Prediction Market
        • Prediction Options & Mechanics
        • Vote Status: Pending, Active, Finished
        • Outcome Determination & Rewards Distribution
      • ROI & Initial Listing Prediction Markets
        • Engage with ROI Prediction Markets and Earn Reputation
        • Market Cycles (Stages)
        • Reputation Calculation in ROI Prediction Markets
        • Rewards & Seed Pool Distribution | ORI Allocation
      • Polls - Binary & Categorical Prediction Markets
        • Topics of Binary and Categorical Prediction Markets
        • Requirements and eligibility for participation in Polls Prediciton Markets
        • Polls Prediction Market Cycles (Stages)
        • Outcome Determination & Rewards Distribution
      • Decentralized Validation Mechanics for ROI & Polls Prediction Markets
      • User Types and Their Role in Oriole Insights
      • Reputation System Overview
      • Accuracy System Overview
      • Oriole Fear & Greed Index Overview
    • User Engagement & Gamification: Levels, Rewards, and Leaderboards
      • Levels & Leveling-Up Mechanism
      • Earn Rewards with Oriole Insights' Activity-Based User Incentive Program
      • Perks Overview: Booster, Hedge & Limit-Order
      • Reputation & Levels Synergy
      • Leaderboards: Enhanced View
    • Telegram Mini App
      • Mini App & Web: Account Connection Guide
      • Telegram Mini App Core Functionality
      • How to Earn and how to use "Insights"
      • Mini App Referral System
    • 🫂Community Boost Program: Earn ORI
    • 🎯Roadmap
  • ℹ️FAQ
    • FAQ | Common Questions & Answers
      • General Questions | FAQs
      • Prediction Mechanics | UP/DOWN Predictions
      • Reputation, Ratings & Badges Overview
      • Perks
      • Ambassadorship & Community Leadership
  • 👨‍🎓How-to Guides
    • How to Place UP/DOWN Predictions on Oriole Insights
    • Cancel Your UP/DOWN Vote Guide
    • Level-Up Guide: Boost Your Rank
    • Check Reputation & ORI Balance History
  • 🎨Useful Materials
    • Media Kit | Logos & Icons
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On this page
  • What are UP/DOWN prediction mechanics?
  • How does Oriole Insights handle discrepancies or disputes in prediction outcomes?
  • Are there level requirements to open long and short positions simultaneously?
  • What are the conditions for canceling a prediction?
  • Why can't short deals be canceled while they are pending?
  • Is it possible to claim the daily token reward more than once daily?
  • What does the "Pool" button on the asset page mean?
  1. FAQ
  2. FAQ | Common Questions & Answers

Prediction Mechanics | UP/DOWN Predictions

Explore Oriole Insights' prediction mechanics for UP/DOWN markets, dispute resolution, and cancellation policies. Learn more about our system here.

PreviousGeneral Questions | FAQsNextReputation, Ratings & Badges Overview

Last updated 8 months ago

What are UP/DOWN prediction mechanics?

Oriole Insights employs a straightforward and user-friendly approach in its UP/DOWN prediction mechanics, eliminating the need for users to enter the exact price of the chosen asset. Participants begin by selecting a specific digital asset from the platform's offerings and indicating their prediction on whether the asset's price will move "UP" or "DOWN." More details .


How does Oriole Insights handle discrepancies or disputes in prediction outcomes?

For the UP/DOWN prediction market, Oriole Insights uses external API to get the accurate price of crypto assets. To calculate right/wrong predictions, the platform uses the closure of a daily candle - so there might be no issues that can lead to disputes.

For the ROI Prediction Markets, Oriole Insights will implement a validation mechanism to find the accurate and correct winning answer.

Also, Oriole Insights DAO will serve as a place where all community members can open disputes and debate on issues and platform possible changes.


Are there level requirements to open long and short positions simultaneously?

For now, only one prediction for one project in one direction is available at the same time. The platform doesn't allow making predictions in UP and DOWN directions simultaneously for a specific project.


What are the conditions for canceling a prediction?

If we are talking about the UP/DOWN Prediction Market, we allow users to cancel their prediction on a placement day for free until midnight (UTC). Between 00.00 and 00.30 UTC, your vote will be pending, so at this time, you won't be able to interact with a vote. After 00.30 UTC the next day, you can cancel a vote by paying a fee (50%).

To avoid market manipulations and system abuse, we don't allow cancellation of predictions that have a timeframe of 3-6 days.


Why can't short deals be canceled while they are pending?

We are forbidden to cancel predictions within 3-6 days to avoid manipulating the market sentiment score or a specific project's sentiment score by spamming cheap predictions and misleading the community.


Is it possible to claim the daily token reward more than once daily?

No. Daily ORI token claim task is added only for testing purposes. It can be claimed only once per day.


What does the "Pool" button on the asset page mean?

"Pool" on the project's page refers to the sum of all ORI put for predictions for this specific project at the current moment.

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