Event Creation

Creators launch permissionless prediction events and benefit from the transaction volume

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

• 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 bonding phase, immediate public trading

• Bonding Phase: Optional freeze period for creator purchases or presales

Bonding Phase (Optional)

The bonding 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.

Purpose of Bonding

Creators may choose to enable a bonding 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

Bonding Mechanics

During the bonding phase:

• Token minting: Tokens minted on-demand as participants purchase

• Stable backing: Each token backed by USDC using Stable+ technology

• Price floor protection: Tokens cannot decrease below floor price

• Bonding curve pricing: Prices increase with each purchase

No Minimum Requirements

Important clarifications about the bonding phase:

• No threshold required: Event proceeds regardless of bonding amount

• No failure state: Event cannot fail due to insufficient bonding

• Flexible duration: Creator sets bonding liquidity threshold

• Optional participation: Can proceed with zero bonding 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 bonding phase completes.

Automatic Deployment

Smart contract deployment occurs automatically:

• No moderator approval: Completely permissionless

• Instant activation: Market goes live immediately

• Audited templates: Pre-audited contracts ensure security

• 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 all transaction fees

• No upfront costs: Start earning without investment

• Perpetual earnings: Fees continue as long as trading occurs

• Automatic distribution: Smart contract handles payments