Core Principles of Decentralization
In the market, there exist three distinct roles:
Market Builders
Individuals in this category are tasked with establishing various markets tied to potential real-world events whose outcomes are yet to be determined and will be disclosed in the future. Their duties encompass setting up the specifics of the market, such as the size of the contracts, along with the closure and payout dates. While these builders must adhere to certain guidelines, they stand to gain incentives for conducting themselves ethically and in compliance with the platform's rules. Conversely, any fraudulent actions on their part may result in penalties.
Traders
This group consists of individuals who speculate on the outcomes of events, guided by their own beliefs. They enter into contracts, and upon the market's conclusion, those who have accurately predicted the outcomes are compensated in proportion to the market's scale and their share.
Reviewers
Given the platform's decentralized framework, it necessitates the involvement of individuals to confirm the accuracy of the market outcomes and ensure they are reported truthfully. These reviewers undertake independent investigations to either endorse or refute the outcomes before any payouts are processed. In instances of contention, where erroneous information is provided, the responsible parties face sanctions.
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