Step-by-Step Guide to the ROI Prediction Market
Introduction
The ROI Prediction Market on Oriole Insights is a platform feature allowing users to predict the market performance of newly listed cryptocurrency tokens. It focuses on estimating the Return on Investment (ROI) for these tokens compared to their initial public sale price. This market is ideal for users who want to utilize their knowledge of the cryptocurrency market to make informed predictions about new token listings, with the potential to earn based on the accuracy of their forecasts.
Step 1 — ROI Projects page
Step 2 — Specific ROI Project page
On the ROI Projects page of Oriole Insights, users first encounter spotlighted projects, which are the most engaged by the community.
- Scrolling down, the Projects column lists all ROI Projects, offering filters for sorting by time, vote count, and pool size.
- The Pool column displays the total ORI pool per project and any additional Seed Pool provided by Oriole Insights for winners.
- In the Votes column, users find the total votes alongside participation requirements, such as user level and badges.
- The Timeframe column indicates voting deadlines and result announcement dates. Each project’s current phase is labeled in the Stage column, detailing whether a project is upcoming, open for voting, listed, undergoing validation, or finished with distributed rewards. This structured approach guides users through the prediction process with clarity and detailed oversight.
When users visit a specific ROI project’s page on Oriole Insights, they will first notice its current voting stage. Detailed project information is provided, including the listing schedule and available exchanges, with direct links to the project’s official website and social media channels to help users thoroughly research and evaluate the project.
The Pool Sentiment section gives insight into the total ORI/votes, showing how votes are spread across the various prediction options.
A convenient betting widget in the right corner allows users to place bets directly.
Further down, additional project info and recent user votes offer a comprehensive view of community activity.
Lastly, compiling related articles allows users to delve deeper into the project’s specifics. This structured layout ensures users have all the necessary information to make informed prediction decisions on the platform.
Step 3 — Making a prediction(Voting Stage)
During the Voting stage, users are empowered to make strategic choices by selecting from various voting options, each representing a different range of predicted performance for the token. The interface displays the minimum and maximum stake amounts in ORI and offers real-time community voting trends in percentages. — Photo 1
For instance, if a user decides to place 10 ORI to predict markets such as x0.5-x1, x3-x5, and x5-x7, they can review a summary of their vote detailing the selected markets and total ORI staked.
Users can share their predictions on social networks directly from the platform.— Photo 2
Additionally, Oriole Insights provides the flexibility to cancel a vote if needed, although this incurs a fee, ensuring that users vote thoughtfully and consider their choices carefully. — Photo 3
Step 4 — In progress (Listing) Stage
The focus shifts to the project listing during the In Progress (Listing) stage. This is a waiting period where users can no longer submit predictions as the platform gears up for the actual listing event. The Oriole Insights team and the community await establishing the market price for the newly listed coin\token, which will determine the outcome of the predictions made.
As the listing date approaches, a Freezing Time is put in place, typically set 24 hours before the listing, during which users can no longer place predictions. This time frame ensures that all bets are locked in anticipation of the listing event. The exact duration of this freezing period can vary but serves as a safeguard to establish the final predictions before the market price is established.
Step 5- Price validation
During the Validation stage, the Oriole Insights team assesses the outcomes. For example, if the second option (x51-x100) is confirmed as the correct price range post-listing, it’s officially recognized, and the rewards process begins. This stage ensures the integrity and accuracy of the prediction market’s results.
Step 6- Finished Stage
The correct and incorrect predictions are identified once the Finished status is reached. A pool from the incorrect predictions is created and distributed to those who predicted correctly. The Seed Pool is also divided among the winners, enhancing the rewards for accurate predictions. This finalization stage concludes the prediction process for a project within the ROI Prediction Market.
Oriole Insights is a gamified prediction platform harnessing collective wisdom. Users forecast asset trends and event outcomes, enhancing their reputation and trust and gaining increased publicity in the community.
Stay tuned
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