Fees
PredictX is for free.
No trials, no upgrades, no commissions, no nothing. Just free.
We highly appreciate donations (even $1) so that predictX can remain free in the future.
All fees are charged in the form of play-money to simulate a realistic environment for optimal predictions.
Fees (play-money)
Free of Charge
In order to make trading more realistic the following activities are free of charge:
| Signing up | $0 |
| Watching Events | $0 |
| Commenting Events | $0 |
| Sharing Events | $0 |
| Suggesting Events to Friends | $0 |
Play-Money Revenues
In order to make trading more realistic the following revenues are paid off in play-money:
| Trading Activity on created Event(Creating events with high expected trading activity maximizes your income | 1% of trading volume |
Play-Money Fees
In order to make trading more realistic the following fees are charged in play-money:
| Creating Event (This is necessary to prevent spam and trash events) | $10 |
| Admin Approval | $0 |
| Admin Activation | $0 |
| Admin Settlement | $0 |
| Trading Event (This is necessary to fund the market maker) | 2% of trading volume |
| Winner's Tax (Only applies to financial gains from trading. You only pay if you have made moneyand keep 90%. Fair share.) |
10% |
Examples
|
Trading $200 with payoff from selling at $400: - $200 * 2% (Trading Fees) + $400 * 10% (Winner's Tax) = + $356
|
Creating Event with $850 traded over contract lifetime: - $10 (Event Creation) +$800 * 1% (Revenue Share) = - $1.50
|
|
Trading $200 with expiry payoff $400: $200 * 2% (Trading Fees) + $400 * 10% (Winner's Tax) = + $356
|
Creating Event with $12,000 traded over contract lifetime: - $10 (Event Creation) +$12,000 * 1% (Revenue Share) = + $110
|
|
Trading $200 with expiry payoff $0: $200 * 2% (Trading Fees)
= - $202 |
Creating Event with $50,000 traded over contract lifetime: - $10 (Event Creation) +$50,000 * 1% (Revenue Share) = + $490 |
Strategies
Smart Trader: Trade on active events where you think the event is more/ less likely to happen than current market prices imply. Medium Risk / Medium Return.
Against the market: If you trade against the market (e.g. trading that X will not occur at a 76% market price that X will occur). High Risk / Maximum Return.
Trendseeker / Late Trader: Find events that will expire shortly or are close to 0% or 100% and trade on that opinion also. Low Risk / Low Return.
Early Trader: Submit offers for pending events. In this stage you can make very good deals. Medium Risk / High Return.
Event Creator: Create multiple events that will attract high number of trades. Share and promote your events through social media. Risk-free gains. Low Risk / High Return.