# About us
Welcome to Syrax Prediction Marketplace, where foresight meets opportunity!
At Syrax, we believe in the power of predictions. Our platform provides a dynamic marketplace where users can engage in prediction markets, building and trading predictions on a wide range of events, outcomes, and scenarios. Whether you're passionate about sports, politics, finance, or pop culture, there's a prediction market for you.
**Our Mission**
Our mission is to democratize forecasting and empower individuals to harness their predictive abilities through decentralised block chian technology. We aim to create a vibrant community of forecasters, where insights are shared, knowledge is rewarded, and accurate predictions are celebrated.
**How It Works**
On our platform, users can participate in prediction markets by building and trading on predictions based on their beliefs about the likelihood of certain events occurring. When the outcome of a prediction market is determined, the total prize pool is shared among the winners proportionally based on their stake in the correct prediction.
**Fees and Rewards**
To sustain our platform and ensure its continued growth and development, we charge a nominal fee of 5% of the total prize pool for each prediction market. This fee helps us cover operational costs, maintain platform security, and improve user experience.
Additionally, we believe in rewarding the creators of prediction markets for their contributions to our community. Therefore, builders of prediction markets are entitled to receive 1% of the total prize pool as a reward for their creativity and initiative in creating engaging prediction markets.
**Join Us**
Join our growing community of forecasters and start turning your predictions into profits. Whether you're a seasoned analyst or a casual enthusiast, there's a place for you on Syrax. Let's explore the future together and uncover the opportunities that lie ahead.
Thank you for choosing us as your destination for prediction markets. Happy forecasting!