❓FAQs

Q: How does Magic Predictions work? Magic Predictions allows users to predict whether the BNB/USDT price will be higher or lower at the end of a short time period. Users place bets using USDT, and winners share the prize pool based on their predictions. The prize pool is determined based on the total bets placed on each side, minus a fee.

Q: How is the starting and ending price determined? Prices are recorded using the Chainlink Price Oracle at the start and end of each round to ensure accuracy and fairness.

Q: Can I change or cancel my bet after placing it? No. Once a bet is placed, it is locked and cannot be changed or canceled.

Q: What happens if the price stays the same at the end of the round? If the final price is equal to the starting price, all bets for that round are refunded minus a fee.

Q: How are rewards calculated? The total prize pool is determined based on the number of users betting on each side.

• Winners share the combined reward pool proportionally based on their bet size, minus a fee.

• The larger the bet, the larger the share of the prize pool.

Q: How do I receive my winnings? If your prediction is correct, your winnings are automatically credited to your account in USDT after the round ends.

Q: What happens if a round fails due to system issues? If a round fails due to system issues or price data unavailability, all bets are refunded minus a fee.

Q: How is price data ensured to be accurate? All price data is sourced from the Chainlink Price Oracle, ensuring fair and reliable price tracking.