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GENSHIRO




PREDICTION MARKETS


Bet on BTC price NOW
and earn rewards!



Predict pricePredict price range



Please wait a while!
New event incoming!




HISTORY
PRICE LEVELPRICE RANGE

Price LevelPrice Range

Timestamp
Result
My prediction
Profit / Loss

23 february 2024
1:36:54 UTC
Waiting result
-
-
WBTC price higher than $51311.68 on February 23 at 12:36 AM UTC?

50%

50%

02.23.2024 24:21:54 UTC
Price Level
23 february 2024
1:33:24 UTC
Waiting result
-
-
WBTC price higher than $51323.96 on February 23 at 12:33 AM UTC?

50%

50%

02.23.2024 24:18:24 UTC
Price Level
23 february 2024
1:28:24 UTC
Waiting result
-
-
WBTC price higher than $51323.52 on February 23 at 12:28 AM UTC?

50%

50%

02.23.2024 24:13:24 UTC
Price Level
23 february 2024
1:22:36 UTC
Higher
-
-
WBTC price higher than $51322.2 on February 23 at 12:22 AM UTC?

50%

50%

02.23.2024 24:07:36 UTC
Higher
Price Level
23 february 2024
1:16:48 UTC
Lower
-
-
WBTC price higher than $51339.46 on February 23 at 12:16 AM UTC?

50%

50%

02.23.2024 24:01:48 UTC
Lower
Price Level
23 february 2024
1:13:12 UTC
Lower
-
-
WBTC price higher than $51352.35 on February 23 at 12:13 AM UTC?

50%

50%

02.22.2024 23:58:12 UTC
Lower
Price Level
23 february 2024
1:09:12 UTC
Lower
-
-
WBTC price higher than $51344.39 on February 23 at 12:09 AM UTC?

50%

50%

02.22.2024 23:54:12 UTC
Lower
Price Level
23 february 2024
1:04:12 UTC
Higher
-
-
WBTC price higher than $51301.19 on February 23 at 12:04 AM UTC?

50%

50%

02.22.2024 23:49:12 UTC
Higher
Price Level
Timestamp
Result
02.22.2024 23:21:54 UTC
Waiting result
WBTC price higher than $51311.68 on February 22 at 11:36 PM UTC?

0
Option type
Price Level
02.22.2024 23:18:24 UTC
Waiting result
WBTC price higher than $51323.96 on February 22 at 11:33 PM UTC?

0
Option type
Price Level
02.22.2024 23:13:24 UTC
Waiting result
WBTC price higher than $51323.52 on February 22 at 11:28 PM UTC?

0
Option type
Price Level
02.22.2024 23:07:36 UTC
Higher
WBTC price higher than $51322.2 on February 22 at 11:22 PM UTC?

0
Option type
Price Level
02.22.2024 23:01:48 UTC
Lower
WBTC price higher than $51339.46 on February 22 at 11:16 PM UTC?

0
Option type
Price Level
02.22.2024 22:58:12 UTC
Lower
WBTC price higher than $51352.35 on February 22 at 11:13 PM UTC?

0
Option type
Price Level
02.22.2024 22:54:12 UTC
Lower
WBTC price higher than $51344.39 on February 22 at 11:09 PM UTC?

0
Option type
Price Level
02.22.2024 22:49:12 UTC
Higher
WBTC price higher than $51301.19 on February 22 at 11:04 PM UTC?

0
Option type
Price Level




FAQ

What are binary options?

Binary options are bets on the outcome of the certain event.

What type of binary options does Genshiro support?

Genshiro supports price-related binary options. Specifically there are two types
of events users can bet on:
- Will the price of an asset be above certain price by a certain cutoff time?
Yes or No
- Will the price of an asset be inside a certain price range by a certain cutoff
time? Yes or No

What assets do binary options support?

Currently users can make bets on BTC price.

What is the price feed?

Genshiro uses its own oracle which feeds a medianized price to the blockchain.
Medianizer requires at least 3 distinct price sources. Oracle feeds new price to
the blockchain every block.

What asset is used to place bets?

Currently Genshiro supports only native GENS tokens for making bets. In future
if we see interest from the community, we will consider adding various ecosystem
assets, e.g. KSM or other parachain tokens.

What are common bet parameters?

The offset which determines the time interval during which bets are accepted.
The duration which determines the cutoff time at which the outcome is
determined.

What time periods are supported?

Currently we support short term options only. All times are encoded in blocks in
the blockchain given the 12 second parachain block time.

What are associated fees?

- Users pay transaction fees to place a bet.
- Users pay a penalty fee of 20% of their bid if they want to opt out before the
betting period ends.
Winners pay a protocol fee of 20% on their profit when they claim their rewards.
Penalty and protocol fees are funnelled into the Genshiro treasury. Later on we
will introduce GENS supply recycling by the means of burning received GENS
tokens or buying and burning GENS tokens with other token proceeds.


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