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Placing predictions and Claiming profits
To place predictions, follow these steps:
- 1.Ensure that you have deposited HILO tokens and have enough balance.
- 2.Go to the pool page and select the token on which you want to place a prediction.
- 3.Enter the amount you want to wager and select the prediction option (e.g., Higher or Lower).
- 4.You will need to approve and confirm the prediction. Once confirmed, you will see that your prediction is accepted, and you will have to wait for the results.
Please note that once a prediction is confirmed on the chain, it cannot be refunded or reverted. Our team does not have access to the locked funds in the contract on the chain. Double-check the amount you are placing to ensure accuracy.
It is not possible to place multiple predictions on the same pool. If you want to add or hedge your position, you will need to use a new wallet.
Once the results are live, you can check if you won or lost the prediction. If you lost, there is nothing more to do. If you won, you can claim your profits. Go to the Position page and click the "Claim" button. You will need to approve the claim, and within a few seconds, the tokens will be added to your balance.
All the transactions mentioned above are on the ARB network. Therefore, make sure you are connected to the ARB network while using these functions. Remember that you need ETH on ARB to pay for the gas fees. Having around $20 in ETH (ARB) should be sufficient to execute around 100 transactions.