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.
100% of fees go back to PredIQt's users
The PredIQt team doesn't directly profit from any platform fees
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
75% refunded (25% burned) if the market isn't approved
100% burned if the market is approved
2,500 IQ
Market Creator Fee
The market creator
Market is resolved
Helps offset the market proposal fee & provides an opportunity for users to profit for creating popular markets.
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
Incentivizes the resolver to resolve markets in a timely manner.
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 2yr ago

Fee Type	Beneficiary	Trigger Event	Amount
Market Proposal Fee	N/A (burned)	Market is proposed 75% refunded (25% burned) if the market isn't approved 100% burned if the market is approved	2,500 IQ
Market Creator Fee	The market creator	Market is resolved Helps offset the market proposal fee & provides an opportunity for users to profit for creating popular markets.	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 Incentivizes the resolver to resolve markets in a timely manner.	2.5% of the total market value
Referral Fee	The referring user	A trade is executed	1.0% of each trade