Blip Market is a prediction market where you bet on the outcome of real-world events. Each market has a clear question, a deadline, and a defined resolution.

Prediction markets aggregate information from many participants, the rewards of YES and NO bets reflect the collective wisdom of all participants.

No. Blip Market is a pool-based prediction market focused on transparency and on-chain rules.

You earn by betting on the correct outcome. All bets go into a shared pool, and when the event ends, the pool is distributed among the users who picked the winning outcome, proportional to their stake.

1. Connect your wallet: Click the "Connect" button in the header to connect your Klever wallet. You'll need KLV (Klever's native token) to place bets.
2. Browse markets: View available prediction markets on the home page. Each market shows the question, description, end date, and current probabilities.
3. Select a market: Click on any market card to see detailed information including current pool sizes, probabilities, and your position (if you've already bet).
4. Place a bet: Choose YES or NO, enter your bet amount in KLV, and click "Place Bet". You'll need to confirm the transaction in your wallet.

Payouts are calculated using the parimutuel formula. When you place a bet, your potential payout depends on:

• The size of your bet
• The total pool size of the opposite outcome
• The total pool size of your chosen outcome (including your bet)
• The platform fee (8%)

Note: The payout preview shown when placing a bet is an estimate. Actual payouts may change as more bets are placed before the market closes.

Markets have an expiration date. After the market closes:

1. Market closes: No new bets can be placed after the end date. The market becomes read-only while the outcome is being verified.
2. Resolution: The market is resolved to either YES or NO based on the actual outcome of the event, using official and verifiable sources. This step may take some time to ensure accuracy.
3. Claiming rewards: Once resolved, winners can claim their rewards. Click the "Claim Rewards" button in your position section to receive your payout.

Each market has clear resolution rules and objective criteria defined in advance. Outcomes are resolved based on real-world results.

BlipMarket charges an 8% platform fee only on the winnings (your share of the losing side), not on your original bet.

Additionally, you'll pay standard Klever Network transaction fees when placing bets or claiming rewards. These are minimal blockchain fees, not platform fees.

Yes, you need a Klever wallet to participate. BlipMarket is built on the Klever Network blockchain, and all transactions are executed on-chain using smart contracts.

You'll need KLV (Klever's native token) to:

• Place bets
• Pay transaction fees
• Receive payouts (also in KLV)

All bets and claims are recorded on the blockchain, ensuring transparency and security. You can verify all transactions on the Klever blockchain explorer.

Blip Market runs on smart contracts on the Klever Blockchain, which enforce the rules, handle payouts, and ensure transparent, on-chain settlement.

No, bets cannot be cancelled or changed once placed. This is because bets are immediately recorded on the blockchain and become part of the market's liquidity pool.

However, you can:

• Place additional bets on the same outcome to increase your position
• Place bets on the opposite outcome (though this doesn't cancel your original bet)
• Wait for the market to resolve and claim your rewards if you win

You can view your positions in two ways:

1. On individual market pages: When you visit a market where you have a position, you'll see a "My Bet" section showing your bet amount, chosen outcome, and potential/actual payout.
2. Portfolio page: Click "Portfolio" in the header to see all your active positions across all markets in one place.

Your portfolio shows both open positions (markets still accepting bets) and resolved positions (where you can claim rewards if you won).

If you bet on the losing outcome, you lose your bet amount. Your KLV goes into the pool that is distributed to winners.

This is how parimutuel betting works: the losing side's pool is distributed to the winning side.

Yes. If you pick the wrong outcome, you can lose your stake. Always bet responsibly.

BlipMarket uses smart contracts on the Klever Network to ensure:

• Transparency: All bets and payouts are recorded on-chain
• Security: Funds are held in smart contracts, not by a central party
• Immutability: Once a bet is placed, it cannot be altered
• Decentralization: No single entity controls the markets

Each market has its own smart contract address, which you can view on the market detail page. You can verify all transactions using the Klever blockchain explorer.

If you have additional questions or encounter issues:

• Check that your wallet is properly connected
• Ensure you have sufficient KLV for bets and transaction fees
• Verify that the market is still open (not expired or resolved)
• Check your internet connection and try refreshing the page

For technical support or to report bugs, please contact the BlipMarket support team.