How DigiFlip works
DigiFlip is a DigiByte-native binary prediction market. Every market has exactly two outcomes — YES or NO — and people back their opinion with DGB by casting a vote. This page explains exactly how votes, payouts, fees, and your money move. Read it before you participate.
1. What a market is
Each market is a yes-or-no question about a future event, with an open date, a close date, and eventually a resolution. While the market is open, you can cast a vote on either side, staking the amount of DGB you wish to commit.
2. How voting works (parimutuel pool)
DigiFlip uses a parimutuel model. All DGB staked on YES goes into one pool. All DGB staked on NO goes into another. There is no order book and nothing is traded. When the market resolves, the losing pool is redistributed to the winning side proportionally to each winner's stake.
3. The fee
DigiFlip takes a 5% fee on the losing pool of each resolved market. That is DigiFlip's only source of revenue. Winners split the losing pool after the fee has been subtracted. The fee only applies when a market is resolved with a winning side — if a market is refunded (see section 6), no fee is charged.
4. Worked example
Suppose three people cast votes on the market "Will DGB close above $0.20 by Friday?" while it's open:
| Voter | Side | Stake |
|---|---|---|
| Alice | YES | 10 DGB |
| Bob | YES | 30 DGB |
| Carol | NO | 40 DGB |
The market resolves YES. YES pool = 40 DGB, NO pool = 40 DGB. Carol's 40 DGB is the losing pool.
- House fee on losing pool: 40 × 5% = 2 DGB → DigiFlip revenue
- Payout pool distributed to winners: 40 − 2 = 38 DGB
- Alice staked 10 of 40 on YES = 25% of the winning pool → she gets her 10 DGB back plus 25% of 38 = 19.50 DGB total
- Bob staked 30 of 40 on YES = 75% of the winning pool → he gets his 30 DGB back plus 75% of 38 = 58.50 DGB total
- Carol gets nothing — her 40 DGB stake is the losing pool
The numbers add up: 19.50 + 58.50 + 2.00 = 80.00 DGB, which equals the total amount staked on the market. No DGB is created or destroyed; the fee is DigiFlip's.
5. Deposits and withdrawals
Your DigiFlip balance is held inside DigiFlip. To fund it, go to your Wallet page and send DGB to your personal deposit address. Deposits credit automatically after a set number of confirmations on the DigiByte network.
You can withdraw any unlocked balance back to a DigiByte address you control at any time. Withdrawals are processed on-chain and subject to a small network fee reserve and a minimum withdrawal amount shown on the Wallet page. DigiFlip does not charge an additional withdrawal fee.
6. Refunds and unresolvable markets
If a market cannot be resolved fairly (for example, the outcome is ambiguous, or one side has no votes), it can be marked refunded. Every voter gets their original stake back in full and no house fee is charged.
7. Digi-ID login
DigiFlip uses Digi-ID for authentication — no email, no password. To log in, you prove you own a DigiByte address by signing a challenge with your wallet. This means nobody on DigiFlip can see your private keys and nothing here knows who you are beyond a DigiByte address.
8. Risks and disclaimers
- Prediction markets involve financial risk. Only stake what you can afford to lose.
- DigiFlip is not a registered financial service, investment adviser, or gambling operator. It is a DigiByte-native experiment in binary-outcome forecasting.
- You are responsible for knowing whether participating in prediction markets is legal in your jurisdiction.
- Market resolutions are currently performed by DigiFlip admins. This is a trust model — you are trusting the operator to resolve fairly.
- On-chain withdrawals are irreversible. Double-check the destination address before confirming a withdrawal.
Questions?
If anything on this page is unclear, please contact the operator before participating. You can always come back here from the "How it works" link in the navigation bar.