Documentation
  • PROTOCOL
    • About
    • Glossary
    • Protocol Roles
      • Creators
        • Creator NFT (mNFT)
      • Players
      • Analysts
        • Analyst NFT (vNFT)
      • Dispute Resolution
        • High Guard
    • FORE Markets
      • Market Types
      • Payout Logic
      • Protocol Rewards
    • Market Phases
      • Creation Phase
      • Participation Phase
      • Validation Phase
      • Dispute Phase
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    • Protocol Rewards
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    • Config
      • Protocol Config
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  • DEVELOPERS
    • Addresses and Config
    • Smart Contracts
      • ForeMarkets (Factory)
      • ForeMarket
      • ProtocolConfig
      • MarketConfig
      • ForeAnalysts
      • ForeToken
    • IPFS
      • Verifier NFT Metadata Format
      • Market NFT Metadata Format
      • Market Object Format
      • Base58 <->Bytes32
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  1. PROTOCOL
  2. FORE Markets

Payout Logic

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Last updated 2 years ago

Using a binary parimutuel market structure as an example, the payout logic on FORE Protocol is best described by the following diagram:

  • Players take positions against each other in a market with two binary outcomes

  • Players’ funds are held in a decentralized smart contract until market resolution

  • Market odds are determined upon market closure based on market participation on either side

  • Payout is determined by the player’s respective share of the winning side relative to the losing side

  • 95% of the total market is distributed to winning players

  • Payout is trustless and immediate upon resolution