FxBox Oracle Market Predictions is a fun and simple decentralized prediction market.
Forex: EUR/USD or GBP/USD or JPY/USD. Crypto: BTC/USD or ETH/USD or BNB/USD. Predictions operate in 15 minute rounds.
FxBox Oracle is a fun and simple decentralized prediction market.
Oracle Market Predictions whether EUR/USD or GBP/USD or JPY/USD (5 days per week) or BTC/USD or ETH/USD or BNB/USD (7 days per week) price will rise or fall – guess correctly to win! Betting with FXB or USDT or USDC or BNB pools.
It's easy to take part:
Have fun!
Playing FxBox Oracle Market Predictions lets you test your foresight to earn rewards. Use your market knowledge or gut feeling to predict if the EUR/USD or GBP/USD or JPY/USD or BTC/USD or ETH/USD or BNB/USD price will go up or down in the near future. Get it right and you’ll collect a share of the round’s prize pool!
FxBox Oracle Market Predictions is a new product that we still consider to be in beta. We may make changes in the future to improve Oracle. As always, the FxBox team will inform users of any changes that will impact how the product works.
Before you can use Oracle Market Predictions, you’ll need to review and accept the terms.
Visit the FxBox Oracle page. You will see a “Welcome!” window explaining that the Oracle Market Predictions product is still in beta.
Read and accept the conditions then click Continue.
EUR/USD or GBP/USD or USD/JPY or BTC/USD or ETH/USD or BNB/USD
FxBox offers six separate oracle markets for every player to choose from. You can play based on the EUR/USD or GBP/USD or USD/JPY or BTC/USD or ETH/USD or BNB/USD price, betting with FXB or USDT or USDC or BNB.
To switch between 6 prediction markets, simply click or tap the currency switcher on the top left corner.
The Oracle page shows quite a bit of information. Predictions operate in 15 minute rounds. Make your prediction before a round goes live to join in.
To enter a round of Oracle, you'll want to check how long is left in the current round. You'll find the timer in the top-right area.
What’s the FxBox Oracle Market Predictions contract address?
Verified contract address:
Is there a time limit before I can collect my winnings?
No, you’ll be able to collect your winnings at any time in the future.
How is the payout calculated?
For example, if there’s 1500 USDT in the DOWN side of a round, and the overall prize pool is 15000 USDT, the DOWN payout ratio will be (15000/1500)=10x.
In the above case, if the round ends on a DOWN result, if you committed 200 USDT to a DOWN position, you’d get a payout of (200*10) × (1-0.05) = 1900 USDT. Your profit would be 1700 USDT (1900 - 200).
The treasury fee is currently set at 5%: this may be subject to changes, which would be announced on FxBox's official communication channels. Treasury fees are used to FxBox LP
5% of each round's total pot will go to the treasury, which will be used to LP.
FxBox uses two sources for our price feeds. They each have their own purpose within the oracle market:
ChainLink Oracle
Binance
Since we’re using two different price feeds, the real-time price updates from Binance and the ChainLink Oracle price may differ by a small amount. However, they shouldn’t vary significantly.
The round's result changed after the round ended! Why?
Sometimes, after a round closes, the final result may be different from the last result shown while the round was live. If you watch a round end on "DOWN", it may appear to flip to "UP" a few seconds later.
This is because we use the ChainLink Oracle price feed to determine the final outcome of a round. The period between the end of one round and the start of the next is 30 seconds, but the Oracle refreshes every 20 seconds. It's possible that during this short period, the Oracle might send an update while the transaction to trigger the next round is being minted. This can appear to "flip" the outcome of the previous round.
What happens if no one enters an opposing position?
If only one side of a round has positions entered into it, then:
For example:
User A enters an UP position, no one else enters a DOWN position. User A loses, and there are no opposing positions for the winnings to be paid out to. Funds are sent to treasury.
User B enters an UP position, while no one else enters a DOWN position. User B wins, and there are no opposing positions in the prize pool. User B can claim 95% of the entered funds back, rest 5% are charged as treasury fee.
In the very rare occurrence that the Locked Price is exactly the same as the Closed Price, no one wins, and all funds entered into positions will be sent to the treasury to be used for FXB buybacks to burn.
What happens if the Locked Price and Closed Price are the exact same?
In the very rare occurrence that the Locked Price is exactly the same as the Closed Price, no one wins, and all funds entered into positions will be sent to the treasury to be used for FXB buybacks to burn.
Can I change or remove my position?
No. Once you enter a position, you can NOT change the direction, add to, or remove your position. It's locked in, so make sure you're 100% happy with your position direction before confirming.
What does it mean when markets are paused?
Markets are paused when there are conditions which affect the reliability of the contract. Markets being paused means that no bets will be taking place for any rounds.
What causes FxBox Oracle Market Predictions to pause?
The oracle market will pause under the following conditions:
When will the markets resume after being paused?
The markets will resume when an admin (one of the chefs) manually resumes the market.
What happens to my position if the market pauses?
If the markets pause while you have a live position, your funds will be available to reclaim, the same way as you would normally claim your winnings.
To reclaim funds, you’ll need to pay some gas fees. We can’t compensate you for the gas fees, so please bear this small risk in mind before participating
It's never been so easy and fun