Up/Down
"Market going up and down just like a pogo" - Crypto Face
Up/Down bet type allows users to predict whether the price of an asset will move up or down after a fixed time period. These games are hosted by P2PLabs.
How It Works
Users join an active Up/Down session by choosing a side (Up or Down) and placing a bet. Bet amounts are flexible, and all bets are recorded on-chain. At the end of the selected timeframe, the outcome is determined by comparing the asset’s final price to its price at the specified time and determining the winning side.
Entry Conditions
To enter, users choose a timeframe, a side (Up or Down), and place a bet. Multiple users can participate in a single round.
Timelines
Users can select from three preset timeframes: 5 minutes, 1 hour, or 12 hours, depending on their preferred game type and available liquidity.
Each duration defines two timestamps:
End of bets — the time until which users can submit their predictions (e.g. 7 PM for a 1-hour game starting at 6 PM)
End of event — when the final asset price is fetched and winners are determined (e.g. 8 PM for the same 1-hour game)
Outcome & Winners
Winnings are distributed among users who predicted the correct outcome. Payouts are proportional to each participant’s contribution and the final odds at the time the bet closes. In the case of partial matches, only the matched portions of the bets are resolved.
Pricing & Data Source
Chart and price data are sourced from the Binance API.
Commission
A 10% commission is charged only on the winnings.
Refund Policy
If there is only one participant, the outcome determines the refund.
If the prediction is correct, the user can claim the reward as usual.
If the prediction is incorrect, the bet amount is refunded within 2 days.
Visibility
Up/Down games are public and open to all users.
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