# About

## About PredictBase

**PredictBase** is a fully decentralized prediction market platform launched in March 2025 on [Base](https://base.org), offering a transparent and trustless way to trade the outcome of real-world events. 

Whether it’s sports, finance, politics, or entertainment — you can **predict**, **participate**, and **profit** in an open, permissionless environment.

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### What Does PredictBase Do?

PredictBase allows anyone to:

* Create markets on real-world events.
* Bet with **USDC** on the Base network and trade your positions.
* Earn creator revenue whenever others trade in your market.

Using **smart contracts** and **AI**, PredictBase eliminates intermediaries and ensures **fairness, transparency, and complete on-chain accountability**. All funds are held securely in smart contracts, and every market action is recorded permanently on the blockchain.

***

### Why PredictBase?

Traditional prediction markets are centralized, limited, or require trust in an operator. PredictBase flips that model:

* **Permissionless** — Anyone can create a market
* **Trustless** — All positions and payouts handled by smart contracts
* **Transparent** — Viewable and verifiable onchain activity
* **Fair** — Our AI Agent reviews reliable data sources to resolve markets consistently and without bias

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### How It Works

* Users connect their **Web3 wallet** and **place bets by buying shares** of an option using **USDC** on the **Base network**.
* **Market odds** adjust dynamically as events unfold, and users can **sell or trade their shares** anytime before the event ends.
* Once the event concludes, our **AI Agent or Admin** resolves the outcome using **verifiable sources**.
* **Winning users** can claim their rewards directly from their **dashboard**, while **market creators automatically earn 1%** of the total market volume.
* Each **winning share** is worth **$1** upon resolution.

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### Ecosystem Flywheel

PredictBase creates a **self-sustaining ecosystem**:

1. **Creators** launch markets and promote them to attract more trading volume.
2. As more **users discover PredictBase**, they place bets and trade on those markets.
3. Both the **creator** and the **platform** earn **1% of every trade**.
4. As more **creators and users** join, overall **revenue and liquidity** increase.
5. The **ecosystem expands organically** through community engagement and shared growth incentives.

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### Community-Driven, Always

PredictBase thrives on **community-created markets**. You decide what events matter, what questions deserve attention, and what’s worth betting on.

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### 📎 Learn More

* [Getting Started](/docs/getting-started/about.md)
* [Creating a Market](/docs/using-predictbase/creating-a-market.md)
* [Trading](/docs/using-predictbase/trading.md)

***

Built to empower **prediction markets without middlemen**, PredictBase is your platform for permission-less forecasting.


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