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Quick Start

Get started with OracleMart in 5 minutes

Quick Start Guide

Get up and running with OracleMart in just 5 minutes.

Prerequisites

Before you start, make sure you have:

  • ✅ A Web3 wallet (MetaMask, Rainbow, Coinbase Wallet, etc.)
  • ✅ Some ETH for gas fees (on Sepolia testnet for now)
  • ✅ ORMT tokens if you want to create markets (2000 ORMT required)

Step 1: Connect Your Wallet

  1. Visit oraclemart.io
  2. Click "Connect Wallet" in the top right
  3. Select your wallet provider
  4. Approve the connection request
// Your wallet will be connected to Sepolia Testnet
Network: Sepolia
Chain ID: 11155111

Step 2: Get Test ETH

For testnet usage, you'll need Sepolia ETH:

  1. Visit a Sepolia faucet:

  2. Enter your wallet address

  3. Request test ETH (usually 0.5 ETH per day)

Step 3: Browse Markets

  1. Click "Markets" in the navigation
  2. Browse available prediction markets
  3. Use filters to find markets by:
    • State: Active, Ended, Resolved
    • Category: Crypto, Sports, Weather, Politics
    • Sort: Volume, Created, Ending Soon

Step 4: Place Your First Bet

  1. Click on a market that interests you

  2. Review the market details:

    • Question and description
    • Current odds
    • Potential returns
    • Time remaining

  3. Choose your outcome (YES or NO)

  4. Enter your bet amount

  5. Review the calculated potential winnings

  6. Click "Place Bet"

  7. Confirm the transaction in your wallet

Betting Example

Market: "Will BTC reach $100k in 2025?"
Your Bet: 0.1 ETH on YES
Current Odds: 60% YES / 40% NO
Potential Return: 0.167 ETH (67% ROI)

Step 5: Track Your Positions

  1. Go to "Dashboard"
  2. View your active bets
  3. Monitor your P&L in real-time
  4. See your betting history

Step 6: Claim Your Winnings

When a market resolves in your favor:

  1. Go to "Dashboard"
  2. Find the resolved market
  3. Click "Claim Winnings"
  4. Confirm the transaction
  5. Your winnings will be sent to your wallet!

Creating a Market (Optional)

Want to create your own market?

Requirements

  • 2000 ORMT tokens (will be burned)
  • 0.01 ETH minimum initial liquidity

Steps

  1. Get ORMT tokens from [DEX]
  2. Click "Create Market"
  3. Fill out the form:
    • Question (yes/no format)
    • Description
    • Category
    • Duration
    • Resolution type
  4. Approve ORMT burn
  5. Confirm market creation
  6. Your market is now live!

Learn more about creating markets →

Understanding the Interface

Market Card

Each market shows:

  • Question: The prediction being made
  • Pool Size: Total ETH wagered
  • Odds: Current YES/NO percentages
  • Time: Remaining time to bet
  • Participants: Number of unique bettors

Dashboard

Your personal hub showing:

  • Active Bets: Current positions
  • Total Wagered: Amount you've bet
  • P&L: Profit and loss
  • Win Rate: Success percentage
  • Pending Claims: Winnings ready to claim

Leaderboard

See top traders ranked by:

  • Total profit
  • Win rate
  • Volume traded
  • ROI

Tips for Success

🎯 Strategy Tips

  1. Start Small: Begin with small bets to learn the platform
  2. Diversify: Don't put all your ETH in one market
  3. Research: Read descriptions and check sources
  4. Timing: Early bets often have better odds
  5. Track: Monitor your positions regularly

⚠️ Risk Management

  1. Only bet what you can afford to lose
  2. Understand the market resolution method
  3. Check the time remaining before betting
  4. Review current odds and pool sizes
  5. Consider market liquidity

💡 Platform Features

  1. Real-time Updates: Odds change as bets are placed
  2. Mobile Friendly: Trade on the go
  3. Gas Optimization: Efficient contract design
  4. Instant Settlement: Auto-claim when possible

Common Questions

How are odds calculated?

Odds are based on the ratio of YES to NO pool:

YES Odds = YES Pool / Total Pool * 100
NO Odds = NO Pool / Total Pool * 100

When can I claim winnings?

After the market is resolved and the winning outcome is determined. Most oracle markets resolve automatically.

What happens if I bet on the losing side?

Your bet amount goes to the winning pool. You won't lose more than your initial bet.

Can I cancel a bet?

No, all bets are final once placed. Make sure you're confident before confirming!

How are markets resolved?

Markets can be resolved via:

  • Oracle: Automatic using Chainlink/UMA
  • Manual: Commit-reveal by authorized resolvers
  • VRF: Provably random for certain markets

Next Steps

Create a Market

Learn how to create your own prediction market

Smart Contracts

Understand the underlying technology

API Reference

Integrate OracleMart into your app

Need Help?

Happy betting! 🎯

Guides

Step-by-step tutorials for using OracleMart

Create a Market

How to create your first prediction market

On this page

Quick Start GuidePrerequisitesStep 1: Connect Your WalletStep 2: Get Test ETHStep 3: Browse MarketsStep 4: Place Your First BetBetting ExampleStep 5: Track Your PositionsStep 6: Claim Your WinningsCreating a Market (Optional)RequirementsStepsUnderstanding the InterfaceMarket CardDashboardLeaderboardTips for Success🎯 Strategy Tips⚠️ Risk Management💡 Platform FeaturesCommon QuestionsHow are odds calculated?When can I claim winnings?What happens if I bet on the losing side?Can I cancel a bet?How are markets resolved?Next StepsNeed Help?