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Platform fees
PredIQt is an open protocol, designed to be run 100% autonomously by willing market participants, without the need for a central authority to create/resolve markets. This is what sets PredIQt apart from all traditional prediction marketplaces.
In order to properly incentivize market creators, resolvers, and promoters – the very core of PredIQt's ecosystem – we've imposed some modest transaction fees which are outlined below:
Fee Type | Beneficiary | Trigger Event | Amount |
Market Proposal Fee | N/A (burned) | Market is proposed
| 2,500 IQ |
Market Creator Fee | The market creator | Market is resolved
| 2.5% of the total market value |
Market Resolver Fee | The market resolver For IQ vote resolution, this is distributed proportionately based on a resolver's IQ stake | Market is resolved
| 2.5% of the total market value |
Referral Fee | The referring user | A trade is executed | 1.0% of each trade |
Please note that these fees are subject to change. While they are currently set by the developers of the PredIQt blockchain protocol, we are exploring ways in which IQ token-holders can vote on the platform fees in a decentralized, trustless manner.
Last modified 3yr ago