Market Cycles (Stages)

The prediction process within the ROI Prediction Markets passes through several stages:

  • "Upcoming" Stage: Projects are visible to users, who can view key dates for voting, listing, result validation, and event conclusion but still need to vote.

  • "Voting" Stage: Users can cast their predictions during this stage.

  • "Freeze" Stage: The voting is in a freeze period to prevent further votes while the event outcome is pending.

  • "In Progress (Listing)" Stage: Voting is closed, and the project is listed on exchanges; participants await outcome validation.

  • "Validation" Stage: The Oriole Insights propose one or several correct results. The validators must Agree or Disagree with the proposed variants. Voting remains closed during this stage.

  • "Finished" Stage: The validation is complete; the rewards are calculated and distributed for correct predictions.

Prediction Cancellation Option for ROI Prediction Markets

Users can cancel their predictions during the β€œVoting” stage of the ROI Prediction Markets. This option involves paying a progressive cancellation fee that depends on how close to the end of the "Voting" phase you are. Here's how it works:

  • Free cancellation within the first 5 minutes after vote cancellation.

  • Once a listing date is added, the cancellation fee starts at 10% of the pooled ORI and increases over time.

  • The closer you are to a listing date, the higher the fee.

  • On the last day before the event, the cancellation fee is 90% of the pooled ORI.

  • If a listing date changes, the fee is automatically recalculated.

  • If a listing date is set to "TBA", cancellation is free until a listing date is defined.

This fee structure is implemented as a safeguard to maintain the voting process's integrity and discourage impulsive or non-committal voting behaviors.

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