Event Creation

Process Overview

The Basis Predict+ platform enables creators to launch permissionless prediction events with no approval requirements. From creation through final payout, the system combines a prediction pool, decentralized resolution and a transparent fee split.

Connect Wallet and Access the Dev Panel

Creators begin by connecting their Web3 wallet (MetaMask, Trust Wallet, or similar) to the Basis dApp. Once connected, they access the event section of the Dev Panel, an interface for event creation with all the necessary tools and validation checks.

Describe Event and Outcomes

Creators provide comprehensive event details including:

  • Event title: Clear, unambiguous description
  • Possible outcomes: Binary (Yes/No) or multiple choices, up to 150 outcomes per market
  • Resolution criteria: Specific conditions for determining winners
  • Resolution date/trigger: Time-based or event-triggered

AI Categorization and Validation

The platform's AI system automatically processes submissions:

  • Categorizes events: Niche vs. high-visibility classification
  • Keyword scanning: Detects prohibited content automatically
  • Risk assessment: Flags potential regulatory or compliance issues

Prohibited Topics

Automated filters prevent creation of events involving:

Illegal Activities

  • Violence, terrorism, drugs, weapons, financial crimes

Harmful Content

  • Child exploitation, hate speech, harassment, discrimination
  • Health risks, environmental harm, spam, vague events

Low-Cost Launch

Key advantages of the Basis creation process:

  • Small seed only: a seed of 50 USDB (Basis Managed), 10 USDB (Creator Managed, public) or 0 (Creator Managed, private)
  • No platform fee: only standard gas fees for blockchain transactions
  • No approval needed: completely permissionless system
  • Instant deployment: the event goes live immediately upon creation

Launch Options

Creators choose between two launch approaches:

  • Instant Launch: skip the reward phase, immediate public trading
  • Reward Phase: optional freeze period for creator purchases or presales

Reward Phase (Optional)

The reward phase is an optional freeze period that allows creators to purchase tokens themselves or conduct whitelisted presales before public trading begins. There are no minimum thresholds or requirements. The reward phase allocation is set by the creator, and it can be zero.

Purpose of the Reward Phase

Creators may choose to enable a reward phase for:

  • Creator allocation: Purchase initial tokens at starting prices
  • Whitelist presale: Allow specific wallets early access
  • Community building: Reward early supporters with better prices
  • Initial liquidity: Establish base liquidity before public trading

Reward Phase Mechanics

During the reward phase:

  • Token minting: Tokens minted on-demand as participants purchase. Every buy mints slightly fewer tokens than the buyer paid for, and that shortfall is exactly why the floor exists.
  • Stable backing: Each Predict+ token is paired with STASIS (the platform's Stable+ liquidity pair)
  • Price floor: token price cannot decrease. This is contract-enforced.
  • Reward-phase pricing: prices increase with each purchase, so early buyers get a better price

No Minimum Requirements

Important clarifications about the reward phase:

  • No threshold required: Event proceeds regardless of the amount raised
  • No failure state: Event cannot fail due to insufficient reward-phase participation
  • Flexible size: the creator sets the reward phase allocation, and it can be zero
  • Optional participation: Can proceed with zero reward-phase purchases

Whitelist Management

For presale events, creators can manage access:

  • Add wallet addresses: Specify allowed participants
  • Set purchase limits: cap whitelisted wallets (the creator has no cap himself)
  • Vesting options: optional vesting of presale buys

Market Launch

Markets launch automatically without any approval process, either immediately (instant launch) or after the optional reward phase completes.

Automatic Deployment

Smart contract deployment occurs automatically:

  • No moderator approval: Completely permissionless
  • Instant activation: Market goes live immediately
  • Standard templates: Every market deploys from the same contract template. Those contracts are self-audited, with public AI-generated review reports available on our GitHub. A full third-party audit by Hashlock is the first use of funds, and it gates real-money settlement.
  • Immutable parameters: Event details locked on-chain

Market Configuration

The deployed contract establishes:

  • Oracle setup: Resolution mechanisms configured
  • Fee structure: trading fees activated (0.60% base fee plus the creator's fee from the Robinhood Chain launch; 1.5% during testing)
  • Initial odds: equal starting odds for all outcomes
  • Prediction parameters: accepts tokens and USDB (USDG at launch)

Liquidity Integration

The integrated DEX provides seamless liquidity:

  • Mint/burn model: No traditional liquidity pools needed
  • Immediate trading: Tokens trade on DEX instantly
  • Dynamic liquidity: Grows with user participation
  • No minimum required: Functions with any liquidity level

Creator Revenue Activation

Revenue streams activate immediately upon launch:

  • Creator fee: from the Robinhood Chain launch, set your own fee of 0 to 1% on trades of your market's token, paid straight to you
  • Loan fees: 20c of every $1 of loan fees on your market's token
  • No liquidity needed: launching requires no liquidity from the creator
  • Automatic distribution: the smart contract handles payments