Core Mechanics

BeeNBet operates on a unique set of mechanics designed to ensure fairness, transparency, and security in all prediction markets.

Team-Curated Markets

Only the BeeNBet core team can create new markets. This ensures every event listed is:

• Clear and Verifiable: Each market has unambiguous outcomes
• Resolvable: All events can be settled through trusted oracle data
• Diverse: Markets range from crypto price forecasts to global event outcomes

Market Categories

• Crypto Predictions: Price movements, market cap flips, protocol launches
• Sports Events: Game outcomes, tournament winners, player performances
• Global Events: Elections, policy changes, economic indicators
• Technology: Product launches, platform milestones, adoption metrics

Locked Positions Until Settlement

Once you place a prediction (buy Yes or No shares), your position is locked until the market resolves.

Why This Design?

• Prevents Manipulation: Users can't withdraw bets to avoid losses
• Ensures Commitment: Participants must stand by their convictions
• Maintains Market Integrity: Prevents last-minute position changes
• Fair Settlement: All participants are treated equally

Transparent Resolution

Each market includes a defined resolution source that determines the outcome:

Resolution Sources

• Chainlink Oracles: For price data and market information
• Official Event Feeds: Direct from authoritative sources
• Team-Verified Data: For events requiring manual verification
• Public APIs: For sports scores, election results, etc.

Settlement Process

1. Event Occurs: The real-world event takes place
2. Oracle Trigger: The resolution source provides the outcome
3. Automatic Settlement: Smart contracts distribute payouts
4. Winner Payout: Correct predictions receive their rewards

Built on BNB Chain

BeeNBet leverages BNB Chain's infrastructure for optimal performance:

• High Throughput: Handle thousands of transactions per second
• Low Fees: Affordable trading for users worldwide
• Secure Execution: Battle-tested blockchain security
• Global Access: Available to anyone with an internet connection

Example Flow

Here's how a typical prediction market works:

1. Market Creation: The BeeNBet team launches a new market:

   "Will ETH flip BTC by market cap before 2026-01-01?"

2. User Participation: Users buy Yes or No shares using BNB or stablecoins

3. Locked Period: The market remains open until the cutoff date — bets are locked and cannot be withdrawn early

4. Resolution: After the event concludes, the smart contract automatically pays out to the winning side

Why This Model Works

• Trustless: No need to trust intermediaries
• Transparent: All code and data are publicly verifiable
• Global: Accessible from anywhere in the world
• Fair: Equal opportunity for all participants
• Efficient: Automated settlement reduces costs and delays