PredX Comprehensive Guide: From Registration to Event Trading Step-by-Step Tutorial

PredX
5 min readFeb 27, 2024

Our testnet is finally live! Below, we will provide complete guidance on how to claim the test coins and how to experience event trading on our website.

Connect to your wallet

For users who have not connect MetaMask wallet, if you have done connection, skip this step.

  1. download MetaMask from their official website: https://metamask.io/
If you don’t have MetaMask wallet yet, create one following the instructions. If you already have one, click “Import an existing wallet

You can always find your MetaMask wallet by click the extensions on Chrome.

Your MetaMask wallet has been successfully connected, you can always find it by follow this step

Add SEI Devnet into your wallet

1. Go to https://chainlist.org/?search=sei&testnets=true search word “SEI”, check “Include Testnets”.

Ensure that search networks are SEI, and the option “include testnet” is selected

You will see Sei Devnet, chain ID 713715. If you have not connected your wallet, click “Connect Wallet” to set up your wallet first. Once your wallet is ready, click “Add to Metamask”

3. Switch to SEI Devnet in your metamask wallet, see the screenshot below

Select “SEI Devnet” in the “Select a network” dropdown menu

Swap & Deposit

1. You need to have SEI test tokens to do the swap: https://sei-faucet.nima.enterprises/ (requires a GitHub account, 2 SEI per 24 hours)

2. Go to our deposit page (https://events.predx.ai/deposit), you can use 0.001 SEI to get 10000 USDC

Click “Get 0.01 SEI”

Wait for up to 3 minutes, the swap and auto-deposit will succeed.

Trade

  1. Buy

Return to the main page https://events.predx.ai/ and select any event that interests you.

To make a trade, choose whether you believe the event will happen (“YES”) or not (“NO”) by selecting the corresponding option. Then, enter the number of shares you wish to buy in the “Shares” field. Once you have made your selections and decided on the number of shares, click the “BUY” button to execute the purchase.

Confirm your purchase information in the pop-up box and click “PLACE ORDER” after checking that it is correct.

Sell

Of course, you can also sell the position you just bought.

To sell your position on this platform, select the “SELL” tab, choose the outcome you want to sell (either “YES” or “NO”), enter the number of shares you wish to sell in the “Shares” section, and then click on the “SELL” button.

Ensure you have the available shares as indicated in the “Total Yes shares” section.

Click “PLACE ORDER” to comfirm and place the order,When you see “You have successfully buy/sell the bet!”, you have successfully placed your order!

You are now ready to trade your opinions. Come experience it at events.predx.ai!

Point system

Don’t forget our point system, which can be exchanged for airdrop eligibility in the future.

By successfully completing the specified actions, you should have already accumulated at least 155 points. Here’s how it breaks down: you’ll earn 100 points for completing registration, 2 points for your first login, 50 points for your very first USDC swap, and 3 points for your initial trade. Let’s get those points rolling!

Below are the detailed rules for earning points, To learn more about points and token economics, please visit https://medium.com/@predxai/maximize-your-rewards-understanding-the-predx-point-system-809085703c91:

Registration and Login

  1. Successful Registration: +100
  2. Daily Login:
  • First Day Login: +2
  • Consecutive Login Rewards: Starting from the second day, earn an additional +1 point for each consecutive day of login, on top of the previous day’s points.
  • Points Cap: Consecutive login points increase until the seventh day, after which you will receive a fixed +8 points for each day of login. If a login is missed, points reset and start again from +2.

Trading Activities

  1. First USDC Swap Test: +50
  2. Trading Volume: For every 2000 USDC in trading volume, earn +3 points, with a daily limit of 30 points.
  3. Create Event: +300

Leaderboard Rewards for the Weekly Top USDC Traders:

  1. First place: +1000
  2. Second place: +500
  3. Third place: +300
  4. Fourth to tenth place: +100

Invitation Rewards

  1. Inviting New Users: For each new user you invite who registers and completes their first trade, you earn +15 points, with no upper limit.
  2. First Trade by Invited User: The invited user earns +5 points after completing their first trade.

Everyone, join in quickly and start trading!

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PredX

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