How PrediX Works
This page explains, step-by-step and in user-friendly detail, how Predix works on the BNB testnet
Quick overview
Predix is a prediction-market platform where users create and trade markets based on real‑world events (crypto, sports, politics, global trends). Markets are tradable collections of Yes / No (or other outcome) tokens. Liquidity determines odds and users can enter, exit or place limit orders. Rewards are automatically distributed at market settlement.
1) Before you start — connect your wallet
Step 1 — Connect Web3 wallet
Users must connect a Web3 wallet (MetaMask or any EVM compatible wallet).
Add BNB Chain Testnet (Chain ID 97) to your wallet using Chainlist: https://chainid.network/chain/97
This ensures you’re on the correct testnet for Predix testing.
Step 2 — Get test tokens
Predix supports trading in testnet tBNB and test PDX.
To obtain test PDX: claim from our faucet: https://gopredix.xyz/faucetPDX
If you need tBNB, ask for
tbnbin#fauceton our Discord and an admin will send tokens.
Tip: Always confirm your wallet network is set to BNB Testnet (Chain ID 97) before interacting with Predix.
2) Creating a market
Users can create markets for events across categories (crypto, sports, politics, global trends). Creating a market involves:
2.1 Market details
Title / Question — a concise, unambiguous question (e.g. "Will BTC close above $115,000 on 2025-12-31?").
Outcome options — typical markets are
Yes / No, but you can create other discrete outcomes when needed.Closing time — timestamp when the market stops accepting trades and predictions.
Resolution source — a clearly stated, verifiable source (PrediX's Native oracle).
Initial liquidity & expected profit — creator can seed the market with an initial liquidity pool and optionally indicate an expected payout range.
2.2 Two Level Validator check
When a user submits a new market, Predix’s Basic Validator reviews the question to ensure if the format of the question is right and then it forwards to advanced validator to check if it’s appropriate and resolvable for creating market
It checks whether the event is :
Is the event verifiable?
Is it time‑bounded and clearly resolvable?
Is it non‑offensive and within platform rules?
If the validator approves the market can be created and liquidity can be added. If rejected the creator will receive feedback on why it was declined.
3) Market creation & liquidity
Once the validator approves:
The creator (or other users) adds liquidity by depositing tBNB or PDX into the market pool. Liquidity mints YES and NO tokens in proportion to the pool.
Trading starts immediately after sufficient liquidity is added.
Odds (prices) for YES and NO are derived from the pool balance; adding or removing liquidity shifts the odds.
4) Trading mechanics
4.1 Buying YES/NO tokens
Traders buy YES or NO tokens against the market pool.
Each trade changes the ratio of YES/NO tokens and therefore changes the market odds.
4.2 Slippage
Slippage is the difference between the expected price and the executed price due to pool price impact.
Users can set an acceptable slippage tolerance in the trade UI. If execution would exceed that tolerance, the trade will fail.
4.3 Limit orders
Predix supports limit orders: users can place an order to buy/sell a YES/NO token at a target price.
When the market reaches that price and liquidity is available, the limit order executes.
4.4 Cash-out (Book profit / loss)
Users can cash out at any time before market close by selling their YES/NO tokens back to the pool.
Cashing out locks in profit or loss at that moment — you don’t need to wait until settlement.
4.5 Upcoming Feature — Leverage Trading
Predix will soon introduce leverage trading within prediction markets. Users will be able to take amplified positions on YES/NO outcomes using predefined leverage levels. This feature will allow higher risk–reward trades while maintaining platform safeguards. More details will be added once the feature is live.
5) Market settlement & rewards
5.1 Market close
At the market’s closing time, trading stops.
Predix verifies the result via its native oracle integration, which provides real‑time, tamper‑proof resolution data.
5.2 Distribution of rewards
After verification, the market is resolved and winners receive rewards directly to their wallet.
6) Portfolio, leaderboard & user metrics, leaderboard & user metrics
Users can monitor their activity and performance within Predix:
Portfolio — lists open positions, token balances (YES/NO) per market, realised/unrealised P&L.
Leaderboard — ranks users by Predix Score or other metrics (total P&L , volume).
Metrics & Analytics — each user can view:
PNL
Volume traded
Historical performance over time
These stats help users track progress and aim for higher rewards and reputation
More Metrics will be implemented once we launch Predix Points
NEW FEATURES
7) Market Listing & Buying Markets
Market creators earn 75% of all platform fees from their market. PrediX lets creators sell ownership of their market at any time. When someone buys it, the buyer gets all future 75% fees from that market forever.
7.1 Listing your market (for creators)
List your market for sale anytime through the PrediX marketplace
Set your own price based on how much fees it's making
Your market keeps running normally while listed for sale
When sold, you get the full sale price immediately
7.2 Buying a market
Browse listed markets in the marketplace
Buy any market you want by paying the creator's asking price
You instantly own that market and get 100% of its future 75% platform fees
The original creator gets paid once; you collect fees forever after
7.3 Simple example
7.4 Why do this?
Creators: Cash out your market's value anytime
Buyers: Buy proven markets and earn passive fees forever
Markets never stop working during buying/selling
8) PrediX AI Agent (Early Access)
PrediX AI Agent eliminates manual market hunting and analysis. Instead of searching through markets and studying them individually the AI handles everything.
8.1 How it works
Market Discovery: Search for prediction markets by topic, category or keywords you're interested in
AI Analysis: PrediX AI studies the selected market providing complete analysis including:
Current odds vs. real-world probability
Market liquidity and volume trends
Key factors affecting the outcome
Recommended position size and confidence level
Automated Execution: AI proposes exact trades you approve with one click and it executes instantly
8.2 Key benefits
Find relevant markets without manual browsing
Get expert-level analysis powered by real-time data
Execute optimal trades with minimal effort
Early access opens shortly perfect for power users
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