Introduction
Learn about OracleMart - A decentralized prediction market platform
What is OracleMart?
OracleMart is a next-generation decentralized prediction market platform that democratizes access to information markets. Built on Ethereum, OracleMart enables anyone to create markets, stake on outcomes, and earn rewards—all powered by blockchain technology to ensure transparency, fairness, and automatic execution.
Our Vision
We're building the future of decentralized prediction markets where:
- Information becomes accessible: Harness collective wisdom to predict future events
- Markets are trustless: Smart contracts eliminate intermediaries and ensure fair execution
- Participation is rewarded: Accurate predictions and market creation generate sustainable returns
- Automation is standard: Oracle integration removes human bias and enables instant settlements
Why OracleMart?
The Problem
Traditional prediction markets suffer from centralization, manipulation risks, slow settlements, and limited accessibility. Users must trust centralized platforms with their funds, outcomes can be disputed, and geographical restrictions limit participation.
Our Solution
OracleMart solves these problems through:
- Automated Oracle Resolution: Markets resolve automatically using Chainlink and UMA Protocol, eliminating disputes
- Permissionless Access: Anyone, anywhere can create and participate in markets
- Instant Settlements: Smart contracts enable sub-60 second resolution times
- Transparent Economics: All fees, odds, and outcomes are verifiable on-chain
Core Concept
Think of OracleMart as a marketplace for predictions. Users can:
- Create markets asking yes/no questions about future events
- Place bets on what they think will happen
- Earn rewards if their predictions are correct
- Provide liquidity to earn fees from trading activity
Key Features
🔮 Automated Oracle Resolution
Markets resolve automatically using UMA Protocol and Chainlink price feeds—eliminating human bias, reducing settlement times from days to seconds, and ensuring trustless outcomes.
🎯 Permissionless Market Creation
Anyone can create prediction markets on any topic by burning 2000 ORMT tokens. This anti-spam mechanism ensures market quality while maintaining openness and accessibility.
⚡ Real-time Performance
Blockchain events are indexed instantly via Goldsky, providing:
- Sub-second UI updates for seamless user experience
- Comprehensive analytics for informed decision-making
- Historical data access for market analysis
🔐 Enterprise-Grade Security
- 161/161 tests passing with comprehensive test coverage
- Professional security practices including reentrancy guards and circuit breakers
- Battle-tested architecture ready for mainnet deployment
- Emergency controls for risk management
💰 Sustainable Token Economics
Every market creation burns 2000 ORMT tokens, creating permanent deflationary pressure that increases with platform adoption. As more markets are created, token supply decreases—driving long-term value appreciation.
System Architecture
The V2 system consists of four main components that work together:
The Four Core Components
-
CoreMarket - The Marketplace
- Where markets are created and managed
- Handles all betting activities
- Manages payouts to winners
-
ResolutionEngine - The Decision Maker
- Determines market outcomes
- Manages different resolution methods
- Ensures fair and accurate results
-
Treasury - The Bank
- Collects and distributes fees
- Manages the ORMT token burn requirement
- Handles revenue sharing
-
AutomatedOracle - The Data Provider
- Fetches real-world prices automatically
- Resolves price-based markets
- Integrates with Chainlink price feeds
User Roles
Public Users (Anyone)
- Create markets
- Place bets
- Claim winnings
- View market information
Market Creators
- Collect creator fees from their markets (5%)
- Provide initial liquidity
- Set market parameters
Administrators
- Pause/unpause the system
- Update fee structures
- Configure oracle settings
- Emergency interventions
Oracles
- Submit price data
- Participate in consensus
- Earn oracle rewards
Resolvers
- Resolve manual markets
- Commit and reveal outcomes
- Earn resolver rewards
The ORMT Token
ORMT is the platform's native utility token that powers the entire OracleMart ecosystem.
Core Utility
Market Creation Burn
- Burn Requirement: 2000 ORMT tokens permanently removed from circulation per market
- Anti-Spam Mechanism: Ensures only serious, quality markets are created
- Deflationary Model: Token supply decreases as platform usage increases
- Value Accrual: Reduced supply + growing demand = potential price appreciation
Economic Impact
As OracleMart scales:
- More markets = More tokens burned = Less total supply
- Growing user base = Increased token demand for market creation
- Network effects = Higher trading volumes = More market creation = Accelerated deflation
Future Expansion
- Governance Rights: Vote on protocol parameters and upgrades
- Staking Rewards: Earn yield by securing the network
- Premium Features: Access to advanced analytics and market tools
- Liquidity Mining: Additional incentives for providing market liquidity
Token Metrics
- Initial Supply: Fixed at launch
- Burn Rate: 2000 ORMT per market creation
- Distribution: Fair and transparent allocation
- Vesting: Team tokens subject to vesting schedules for long-term alignment