Are any of the NUMBER_COINs financial securities?
No. The market values of
$ONE,
$TWO,
$THREE,
$FOUR, and
$FIVE are driven by pure speculative energy, and no holder has a reasonable expectation of profit.
How do I win a PRIZE?
In order to win a PRIZE, you must predict The Number that the NUMBER_PICKER will pick and buy the corresponding coin. Once The Number has been picked, you can claim 0.0001 ETH per winning coin you own. For example, if you purchase 10,000
$THREE coins and
3 is picked, you can exchange your
$THREE coins for 1 ETH. Alternatively, if
4 is picked instead, you will not win a PRIZE.
Which number will the NUMBER_PICKER pick?
The NUMBER_PICKER will pick The Number (or delegate number picking responsibilities) at their sole discretion. Once The Number is picked it may not be changed, and all holders of the winning coin may claim their PRIZE. The NUMBER_PICKER may arbitrarily change their mind about which number shall be picked up until the moment that The Number picking transaction has cleared.
When will the NUMBER_PICKER pick The Number?
The NUMBER_PICKER will pick The Number on an undisclosed future date at their sole discretion.
Who is the NUMBER_PICKER?
You can view the current NUMBER_PICKER by viewing the
$PREDICT contract and calling the NUMBER_PICKER() function. Initially, this is the deployer of the contract. However, the NUMBER_PICKER role may be transferred to another individual or smart contract at a later date.
Where does the PRIZE pool come from?
Where can I view the PredictTheNumber contract?
What happens to the PRIZE pool before The Number is picked?
Before The Number is picked, you may borrow any portion of the PRIZE pool in a free, uncollateralized flash loan. For more informaiton, contact the NUMBER_PICKER.
What happens after The Number has been picked?
After The Number has been picked, you can continue to freely trade NUMBER_COINs. However, all liquidity actions (i.e. creating and redeeming baskets of NUMBER_COINs) will be automatically disabled. The NUMBER_COIN corresponding to the picked number can be burnt in exchange for the PRIZE.
Can the NUMBER_PICKER pick another number?
No. The NUMBER_PICKER can only pick 1, 2, 3, 4, or 5.
Have the Prediction contracts been audited?
No. Use at your own risk.
Will the NUMBER_PICKER ensure The Number is picked fairly?
No. The NUMBER_PICKER can arbitrarily pick any number they want at their full discretion.
Is this project inspired by David Lynch?