# About

## 📖 About PredictBase

**PredictBase** is a fully decentralized prediction market platform built on [Base](https://base.org), offering a transparent and trustless way to bet on 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 around real-world events
* 🎯 Place bets using **USDC** on the Base network
* 💸 Earn rewards based on market outcomes
* 🏆 Collect creator fees when others bet on your market

Using smart contracts, 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.

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### 🧠 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 bets and payouts handled by smart contracts
* ✅ **Transparent** — Viewable and verifiable on-chain activity
* ✅ **Composability-Ready** — Open APIs and contract integration for builders

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### 💰 How It Works

* Users connect their Web3 wallet and bet using **USDC**
* Market odds are calculated based on the proportion of total volume
* Once an event ends, admins resolve the outcome using a verifiable source
* Winning users **claim rewards**, and market creators earn **1% of total volume**

> ⚠️ You cannot cancel or cash out a bet once placed — choose wisely.

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### 🔁 Ecosystem Flywheel

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

1. 🧑‍💻 Users create markets and promote them
2. 💵 Others place bets on the market
3. 🔁 More activity = more visibility
4. 🏆 Market creators earn more fees
5. 🌱 Ecosystem continues to grow through community engagement

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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.

Create. Vote. Promote. Win.

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### 📎 Learn More

* [Getting Started]()
* [Creating a Market](../using-predictbase/creating-a-market)
* [Fees](../resources/fees)
* [Security & Privacy](../resources/security-and-privacy)

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