Frequently Asked Questions

YesOrNo is a decentralized prediction market platform built on blockchain technology. It allows users to predict outcomes of real-world events and earn rewards for accurate predictions. Users can trade on various topics including cryptocurrency prices, sports outcomes, political events, and more.

Getting started is simple: 1) Connect your Web3 wallet (MetaMask, WalletConnect, etc.) 2) Browse prediction markets 3) Choose a market and place your prediction 4) Wait for market resolution and earn rewards if correct. No registration or personal information required.

Yes, you need cryptocurrency (typically ETH, USDC, or MATIC) to participate in prediction markets. These funds are used to stake on your predictions. You'll also need a small amount of ETH or MATIC for gas fees depending on which network you use.

YesOrNo supports all major Web3 wallets including MetaMask, WalletConnect, Coinbase Wallet, Rainbow, Trust Wallet, and many others. If it works with Ethereum or Polygon, it will work with YesOrNo.

A prediction market is a platform where users can bet on the outcome of future events. Prices reflect the probability of outcomes - if a "Yes" outcome is trading at 60%, the market believes there's a 60% chance of that outcome occurring. Users who predict correctly earn rewards from those who predicted incorrectly.

Odds are determined by market dynamics - supply and demand. When more users bet on "Yes", the Yes odds increase. When more users bet on "No", the No odds increase. The market continuously adjusts based on trading activity, reflecting the collective wisdom of all participants.

You earn rewards by predicting outcomes correctly. When you place a prediction, you're essentially buying shares in that outcome. If your prediction is correct, those shares can be redeemed for their full value (1 token per share). The amount you earn depends on your stake size and the odds at which you placed your prediction.

Markets resolve automatically when their specified end date is reached. YesOrNo uses decentralized oracles (like Chainlink) to fetch real-world data and determine outcomes without human intervention. This ensures transparent and trustless market resolution.

Yes. YesOrNo is built on Ethereum and Polygon, utilizing audited smart contracts. Your funds are held in transparent smart contracts, not in a centralized wallet. All transactions and market resolutions are verifiable on-chain. We never have access to your private keys or funds.

Gas fees depend on which network you use. On Ethereum mainnet, gas fees can be higher during peak times. On Polygon, gas fees are typically less than $0.01 per transaction. We recommend using Polygon for lower fees while maintaining security.

No. YesOrNo is fully decentralized and doesn't require account creation. Simply connect your Web3 wallet and start predicting. Your wallet address is your identity. No email, password, or personal information required.

If you lose access to your wallet and don't have a backup (seed phrase), your funds may be permanently lost. YesOrNo cannot recover your wallet or funds as we don't control your private keys. Always backup your seed phrase securely.