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 βVotingβ 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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