FAQs

What is Sharp Trade?

Sharp Trade is a decentralised platform that allows users to predict the price movements of cryptocurrencies such as SOL, ETH, BTC, and others.

How does the prediction market work?

Users predict whether the price of a selected asset (e.g., SOL, ETH, BTC) will go up or down over a short timeframe, such as 1 minute. If the prediction is correct, users win a guaranteed payout of at least 1.75x their stake.

Which assets can I predict?

You can make predictions on a variety of popular cryptocurrencies, including Solana (SOL), Ethereum (ETH), Bitcoin (BTC), and others.

What is the payout for correct predictions?

For each correct prediction, users earn a minimum payout of 1.75x their wagered amount.

How often can I make predictions?

Predictions can be made on very short timeframes, such as every 1 minute, allowing for frequent participation and rapid results.

Is Sharp Trade decentralised?

Yes, Sharp Trade operates as a decentralised platform, enhancing user transparency and security.

Are there referral rewards?

Sharp Trade has a referral program where users can invite friends and earn up to 30% of their friends’ trading fees. Additionally, following others can earn you a 10% cashback.

What blockchain does Sharp Trade use?

Sharp Trade is live on Solana and Eclipse.

How do I get started?

Visit the Sharp Trade website, connect your wallet, and start making predictions. You can also unlock a referral code to invite friends and boost your earnings.

What are the risks involved?

As with all trading and prediction markets, there is a risk of losing your staked amount if your prediction is incorrect. Users should only risk funds they can afford to lose and consider market volatility.

How can I maximise my earnings?

Make informed predictions using market analysis.

Participate in the ambassador or creator program to earn additional rewards.

Is there a community or support channel?

Sharp Trade encourages users to invite friends and follow other traders, fostering a collaborative trading environment. For support, users should refer to the official website for resources and contact options.

How does the pool work?

All participants who predict an asset will Moon or Doom (or both) will contribute to the same pool. Every round will have its own pool, independent from other rounds. Participants can contribute to the pool during the Prediction phase.

Keep in mind, the house ensures a minimal payout is 1.75x, while it can be 2x in certain conditions:

- Your prediction is less than a limit of 0.05 $SOL(0.005 $ETH on Eclipse) or equivalent

- You are predicting alone or with someone on the same side, without reaching the limit

Splitting the pool

After the round ends, all participants who predicted correctly will split the pool among themselves.

Example: 3 participants predicted Doom (all 2 $SOL), you (2 $SOL) and another (1 $SOL) predicted Moon. The payout for Doom side is x1.5 and for Moon side is x3.

Here, the house joins the game and adjusts it with a 1.5 $SOL prediction on Moon side, updated payout is x1.75 for Doom and x2.33 for Moon side. The total pool size is therefore 10.5 $SOL.

SOL mooned. To split the pool between you and the other participant, we have to look at the contribution sizes - your 2 $SOL, another user 1 $SOL and house 1.5 $SOL. This means that you will get 2*2.33 = 4.66 $SOL, another user 2.33 and the house 3.495 $SOL payout.

What is $freeUSD

In-game SPL token for free predictions

The $freeUSD is our in-game currency (platform credits) that enables you to make predictions for free!

1 $freeUSD is equivalent to a 1 $USDC prediction. In case of a win, the payout is $USDC.

They are distributed as rewards to our active users, Sharp Trade holders, event winners, and partners. However, it's important to note that although the predictions are free for you, a nominal fee applies: 5% of the prediction size in $USDC is paid in $SOL.

Priority fees

This is how you ensure that your predictions are actually accepted!

With the increasing adoption and use of the Solana chain, it may happen that the blockchain is "congested" and not all transactions can be processed. Although these problems have been addressed in Spring 2024, the feature is still there!

In this case, you can increase the priority fees in the settings.

Although this increases the chances of a transaction being processed, it does not guarantee that your transaction will land 100%. From a certain threshold value, it is irrelevant whether you pay 0.01 SOL or 10 SOL as a priority fee, as Solana still has room for improvement in this area. So don't pay too much!

If you are generally interested in priority fees, read more about it at: https://www.helius.dev/blog/solana-fees-in-theory-and-practice