- The ETH POW Fork Result Benchmark is Subject to the Binance Announcements
Within 720 hours (30 days) after the Ethereum PoS mainnet merge, if Binance exchange posts an announcement about the distribution, trading, and withdrawal of any ETH POW fork coins generated by any party in this merger, then it can be regarded as a success; Within 720 hours (30 days) after the Ethereum PoS mainnet merge, if Binance exchange hasn’t posted an announcement about the distribution, trading, and withdrawal of any ETH POW fork coins generated by any party in this merger, then it can be regarded as a failure.
The Ethereum PoS mainnet merge time is subject to Ethereum's official fund announcement (https://ethereum.org)
Binance Announcement is subject to the official announcement of Binance website (https://www.binance.com/)
2. ⏰Duration: 2022–08–25 10:00:00(UTC) ~ 2022–08–31 10:00:00(UTC)
3. Connect the BSC wallet address on the event page first, then choose between “Success” and “Failure” to bet.
4. Betting range per address: 5 BUSD ~ 50 BUSD (limited to 1 bet per address)
5. Users can refer to the real-time betting amount ratio of the two pools to make bets (displayed by odds).
After the final result comes out, the winners will split the total betting amount from both pools according to the proportion of their betting BUSD amount in the total betting amount on the betting side; Losers will get 0 BUSD, and will also lose their principal.
Odds: It is automatically calculated in real-time according to the change of the bet amount on both sides, which only represents the proportion of the betting amount on both sides, and it is not related to the winning probability of the result.
🧮Formula: Assuming that the total pool of betting A is X BUSD, the total pool of betting B is Y BUSD, the odds of betting A=(X+Y)/X, the odds of betting B=(X+Y)/ Y.
6. The activity process is carried out automatically through the contract, a certain gas fee is required.
7. If there are unexpected events such as indefinite delays during the Ethereum merger process, which affect the event result, the event will be canceled and we will return users’ betting principal.
📌Notes:
1. Make sure your wallet version is HyperPay 5.0.9 or above.
2. The final interpretation right of this event belongs to HyperPay.
FAQ ❓❓❓
✅Q: Can one address bet multiple times?
A: One address is limited to one bet.
✅Q: How is the odds calculated?
A: It is automatically calculated in real-time according to the change of the betting amount on both sides, which only represents the proportion of the betting amount on both sides, and it is not related to the winning probability of the result.
Formula: Assuming that the total pool of betting A is X BUSD, the total pool of betting B is Y BUSD, the odds of betting A=(X+Y)/X, the odds of betting B=(X+Y)/ Y.
For Example: If the total betting amount for betting on the A is 1,000 BUSD while the total betting amount for betting on the B is 100 BUSD, then the odds of betting on A=(1,000+100)/ 1,000=1.1, and the odds of betting on B=(1,000+100)/100=11.
✅Q: How is the reward calculated?
A: The winners will split all the BUSD in the pools of both parties according to the proportion of BUSD in the betting side pool.
For example, if the total betting amount for betting on the A is 1,000 BUSD while the total betting amount for betting on the B is 100 BUSD, then the odds of betting on A=(1,000+100)/ 1,000=1.1, and the odds of betting on B=(1,000+100)/100=11.
Assuming that result A wins, a user who bets on result A has invested 50 BUSD, and the total amount of betting pool for result A is 1,000 BUSD, and the total amount of betting pool for result B is 100 BUSD, then the user will get (50/1,000)*(1,000+100)=55 BUSD, but for the user who bets on the result B will get 0 BUSD, and will also lose the principal.
Under the same conditions, assuming the result B wins, a user who bet on B has invested 50 BUSD, the user will get (50/100)*(1,000+100)=550 BUSD, but for the user who bet on the result A will get 0 BUSD, and will also lose principal.
