🤪Dumb Mode

Dumb Mode is a forecast (prediction) product specifically designed to predict the minute-by-minute fluctuations of an underlying asset's value. The settlement of trades is calculated based on the asset's entry and expired price.

How to place orders

Users have the flexibility to toggle between Degen Mode and Dumb Mode. After selecting Dumb Mode, users can choose the asset and expiration period. Available periods are 5 minutes, 15 minutes, 30 minutes and 1 hour expiration windows and the maximum ROI is 67%, 70%, 72% and 77% respectively.

In order to place a bet ('Open Position'), users can choose the default percentage setting or input the principal amount manually.

Do take note:

• The expiration timer doesn't start when you click on the 'Open Position' button. Instead, the countdown commences when the transaction gets confirmed on the blockchain.

• The entry price displayed on screen only serves as a reference. The actual entry price will be determined by the price point at the moment the transaction confirms on the blockchain.

When opening a long position:

- If the expiry price is greater than the entry price, you stand to make a profit. This will subject to changes based on performance adjustment.

- If the expiry price is less than or equal to the entry price, you will lose your entire principal.

When opening a short position:

- If the expiry price is less than the entry price, you stand to make a profit. This is subject to performance adjustments over time.

- If the expiry price is greater than or equal to the entry price, you will lose your entire principal.

There is a plan to introduce second-level K-line charts. These charts will include a display of your historical positions, providing a more granular view of your trade activities. The K-line charts are graphical representations of price movements and are useful for predicting future price fluctuations based on historical patterns.

Fees There are no open/close fees. Instead, a 6% fee on the principal is charged only on winning trades. This fee is already calculated before ROI.