Event Creation

Process Overview

The Basis Predict+ platform enables creators to launch permissionless prediction events with no upfront costs or approval requirements. From initial creation through final payout, the system combines automated market making, decentralized resolution, and fair fee distribution to create sustainable prediction markets that benefit from transaction volume.

Connect Wallet and Access Chef Panel

Creators begin by connecting their Web3 wallet (MetaMask, Trust Wallet, or similar) to the Basis dApp. Once connected, they access the Event Chef Panel, a specialized interface for event creation that provides all 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

Zero-Cost Launch

Key advantages of the Basis creation process:

  • No deposit required: Zero upfront costs or bounties
  • No fees: Only standard gas fees for blockchain transactions
  • No approval needed: Completely permissionless system
  • Instant deployment: Event goes live immediately upon creation

Launch Options

Creators choose between two launch approaches:

  • Fair 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. A contract property, not a guarantee of outcome.
  • Reward-phase pricing: Prices increase with each purchase
  • The share is not transferable: Your reward-phase share is lost the moment the token leaves your hands
  • The share does not stop: You earn from it for the life of the token, ending only when you sell

Buying early buys a better price and a different asset. The fee claim is a second instrument, not a discount on the first.

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 duration: 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 individual allocations
  • Vesting options: Optional token vesting schedules

Market Launch

Markets launch automatically without any approval process, either immediately (fair 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: 1.5% transaction fees activated
  • Initial odds: Equal starting odds for all outcomes
  • Betting parameters: Accept tokens and USDC

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:

  • Trading fees: 20% of fees, paid in USDB
  • No upfront costs: Launching costs nothing and requires no liquidity
  • Life-of-token earnings: The 20% runs for as long as the token trades. An annuity, not a launch fee.
  • Automatic distribution: Smart contract handles payments