Up or Down

What is Up or Down?

Up or Down is a decentralized prediction platform built on Dymension where users can predict cryptocurrency price movements within 60-second intervals. Starting with Bitcoin (BTC), users can make short-term predictions on whether the price will go UP or DOWN, earning UOD tokens for correct predictions.

Key Features

60-Second Predictions: Make quick predictions on BTC price movements
Instant Results: Get immediate feedback and rewards for correct predictions
Signless Transactions: Enjoy seamless trading without constant wallet signing
Multi-Token Support: Starting with BTC, with more tokens coming through governance
Community Governance: Shape the platform's future through UOD token voting

The UOD Token

UOD is the native token of the Up or Down Network, serving multiple purposes within the ecosystem:

Tokenomics

Prediction Stakes: Users bet UOD tokens on their predictions
Dynamic Supply:
- Correct predictions mint new UOD tokens as rewards
- Incorrect predictions burn UOD tokens
- This creates a self-balancing ecosystem

Utility

Make predictions on the platform
Participate in governance decisions
Stake tokens for protocol rewards

How to Get Started

Get UOD Tokens
- Purchase UOD tokens on Dymension
- Visit the Portal for staking options
Make Predictions
- Visit upordown.network
- Connect your wallet
- Choose UP or DOWN based on your analysis
- Set your prediction amount
- Wait 60 seconds for results
Collect Rewards
- Correct predictions earn additional UOD tokens
- Rewards are automatically credited to your wallet
- Track your prediction history and performance

Community & Resources

Follow us on X (Twitter)
Join our Telegram community (Coming Soon)

Depositing UOD Tokens

Prerequisites

Keplr or Leap wallet installed in your browser
A connected wallet with some DYM tokens for transaction fees

Overview

To use the application, you'll need to deposit UOD tokens. These tokens can be purchased on Dymension DEX and then deposited through either the RollApp's Portal page or directly through the wallet widget in our application.

Step-by-Step Guide

1. Install a Compatible Wallet

Before starting, ensure you have either:

Keplr Wallet or
Leap Wallet

2. Purchase UOD Tokens

Visit Dymension
Connect your wallet
Navigate to the DEX section
Purchase UOD tokens using dym or other supported currencies

3. Deposit Methods

Option 1: RollApp Portal Page

Navigate to the RollApp's Portal page
Connect your wallet
Click the "Deposit" button
Enter the amount of UOD you want to deposit
Confirm the transaction in your wallet

Open our application
Click on the wallet widget
Select "Deposit"
Enter the desired UOD amount
Approve the transaction in your wallet

Important Notes

Ensure you have sufficient DYM tokens in your wallet to cover transaction fees on Dymension
Deposits may take a few moments to process

Troubleshooting

If you encounter any issues:

Verify your wallet is properly connected
Ensure you have sufficient balance
Check that you're on the correct network
Try refreshing the page

Depositing UOD Tokens

Prerequisites

Keplr or Leap wallet installed in your browser
A connected wallet with some DYM tokens for transaction fees

Overview

Step-by-Step Guide

1. Install a Compatible Wallet

Before starting, ensure you have either:

Keplr Wallet or
Leap Wallet

2. Purchase UOD Tokens

Visit Dymension
Connect your wallet
Navigate to the DEX section
Purchase UOD tokens using dym or other supported currencies

3. Deposit Methods

Option 1: RollApp Portal Page

Navigate to the RollApp's Portal page
Connect your wallet
Click the "Deposit" button
Enter the amount of UOD you want to deposit
Confirm the transaction in your wallet

Open our application
Click on the wallet widget
Select "Deposit"
Enter the desired UOD amount
Approve the transaction in your wallet

Important Notes

Ensure you have sufficient DYM tokens in your wallet to cover transaction fees on Dymension
Deposits may take a few moments to process

Troubleshooting

If you encounter any issues:

Verify your wallet is properly connected
Ensure you have sufficient balance
Check that you're on the correct network
Try refreshing the page

Playing

Up or Down is a simple price prediction game where users can earn rewards by correctly predicting token price movements within a 60-second timeframe.

How It Works

Choose your prediction:
- Up ⬆️ - If you think the token price will be higher after 60 seconds
- Down ⬇️ - If you think the token price will be lower after 60 seconds
Place your bet:
- Select the amount you want to bet
- Minimum bet: [minimum bet amount]
- Maximum bet: [maximum bet amount]

Wait for the 60-second round to complete
Collect your earnings:
- Correct prediction: Double your bet amount (2x)
- Incorrect prediction: Lose your bet amount

Example

You bet 100 tokens on "Up" ⬆️
If the price is higher after 60 seconds:
- You win: 100 × 2 = 200 tokens
- Net profit: 100 tokens
If the price is lower after 60 seconds:
- You lose your 100 token bet

Important Notes

Each round lasts exactly 60 seconds
The price comparison is made between the start and end of the round
Results are determined automatically based on price data
Winnings are credited to your account immediately after the round ends

Mint/Burn

The protocol maintains a balanced tokenomics system through a carefully designed mint and burn mechanism tied to betting outcomes. This system ensures long-term sustainability while providing rewards for successful bets.

How It Works

When users place bets, the following mint/burn mechanics are applied:

Winning Bets

When a user wins a bet, new tokens are minted as their reward
The mint amount is calculated based on the bet size and odds
Formula: Mint Amount = Bet Size × (Odds - 1)

Losing Bets

When a user loses a bet, their staked tokens are burned
The entire bet amount is removed from circulation
This burning mechanism helps offset the tokens minted from winning bets

Balance Mechanism

The system maintains equilibrium through:

House Edge: A small house edge (typically 1-3%) ensures that over time, slightly more tokens are burned than minted
Probability-Weighted Balance: The odds are set such that the expected value of mints and burns reaches equilibrium
Dynamic Adjustments: The protocol can adjust parameters to maintain healthy token economics

Example

Let's consider a simple bet with 2.0x odds:

If a user bets 100 tokens and wins:
- Mint: 100 tokens (100 × (2.0 - 1))
- User receives: Original 100 + 100 minted = 200 tokens
If a user bets 100 tokens and loses:
- Burn: 100 tokens (entire bet amount)
- Total supply decreases by 100 tokens

Long-term Sustainability

This mint/burn mechanism is designed to:

Create natural token sinks through lost bets
Reward successful betting strategies
Maintain token value through controlled supply
Ensure protocol sustainability through the house edge

The system's design means that while individual users can profit from successful bets, the overall token supply remains controlled and sustainable in the long term.

Mint/Burn

How It Works

When users place bets, the following mint/burn mechanics are applied:

Winning Bets

When a user wins a bet, new tokens are minted as their reward
The mint amount is calculated based on the bet size and odds
Formula: Mint Amount = Bet Size × (Odds - 1)

Losing Bets

When a user loses a bet, their staked tokens are burned
The entire bet amount is removed from circulation
This burning mechanism helps offset the tokens minted from winning bets

Balance Mechanism

The system maintains equilibrium through:

House Edge: A small house edge (typically 1-3%) ensures that over time, slightly more tokens are burned than minted
Probability-Weighted Balance: The odds are set such that the expected value of mints and burns reaches equilibrium
Dynamic Adjustments: The protocol can adjust parameters to maintain healthy token economics

Example

Let's consider a simple bet with 2.0x odds:

If a user bets 100 tokens and wins:
- Mint: 100 tokens (100 × (2.0 - 1))
- User receives: Original 100 + 100 minted = 200 tokens
If a user bets 100 tokens and loses:
- Burn: 100 tokens (entire bet amount)
- Total supply decreases by 100 tokens

Long-term Sustainability

This mint/burn mechanism is designed to:

Create natural token sinks through lost bets
Reward successful betting strategies
Maintain token value through controlled supply
Ensure protocol sustainability through the house edge

The system's design means that while individual users can profit from successful bets, the overall token supply remains controlled and sustainable in the long term.

Genesis distribution

100% of the initial token allocation reserved for IRO platform on Dymension.

Distribution Details

100% of the initial token supply was allocated to the IRO
Tokens were made available for purchase using DYM
Trading is available on Dymension DEX

Unsold Tokens

Any tokens that remained unpurchased during the IRO are handled as follows:

Unpurchased tokens are gradually streamed into a liquidity pool on Dymension
The streaming period lasts for one year from genesis
The liquidity pool is created using:
- Unpurchased IRO tokens
- DYM collected from IRO purchases
This creates a standard liquidity pool that ensures trading availability post-launch

Trading

All tokens are available for trading on the Dymension DEX, providing liquidity and trading opportunities for token holders. Learn more about IROs.

Fee and Token Distribution

Overview

The protocol's economic model ensures fair distribution of both transaction fees and newly minted tokens between key participants in the ecosystem.

Distribution Breakdown

Transaction Fees

All transaction fees collected by the protocol are distributed as follows:

90% goes to the Sequencer (Operator)
10% goes to Token Stakers

Newly Minted Tokens

When users win bets, new tokens are minted. These tokens follow the same distribution pattern:

90% is allocated to the Sequencer (Operator)
10% is distributed to Token Stakers

Token Supply Mechanics

The protocol maintains a balanced tokenomics model:

New tokens are only minted when users win bets
Each token mint is balanced by corresponding token burns from lost bets
There is no additional inflation mechanism beyond the betting-related mints
The token supply remains neutral as mints and burns offset each other

This design ensures a sustainable economic model while incentivizing both operators and stakers to contribute to the protocol's security and efficiency.

Staking

Users can participate in staking through the Dymension Portal. By staking their tokens, users receive two key benefits:

Fee Sharing: Stakers earn a pro-rata share of protocol fees, providing passive income based on their staking amount.
Governance Rights: Staking grants users the ability to vote on protocol initiatives, allowing them to participate in the decision-making process and shape the future of the protocol.

Governance Voting

Stakers play a crucial role in the protocol's development through governance voting. Key voting powers include:

Asset Integration: Stakers can propose and vote on new assets to be added to the protocol. Through text proposals, the community can indicate which assets should be prioritized for oracle integration.
Protocol Parameters: Voting rights extend to other important protocol decisions, such as adjusting system parameters, upgrading contracts, or implementing new features.

All governance proposals and voting activities are conducted transparently through the portal, ensuring a democratic approach to protocol evolution.

Oracle

Up or Down utilizes Dymension's integrated oracle services to provide accurate and reliable pricing data for assets. The oracle system is a crucial component that ensures fair and transparent price feeds for the prediction game.

How the Oracle Works

The oracle system functions as a decentralized price feed mechanism that:

Fetches Real-Time Data: Continuously retrieves price information from multiple reliable sources
Secure Updates: Provides cryptographically secure price updates to the application

Key Features

Decentralized Architecture: Eliminates single points of failure by utilizing multiple data sources
Tamper-Resistant: Implements robust security measures to prevent price manipulation
High Reliability: Maintains consistent uptime for uninterrupted game operations
Real-Time Updates: Delivers price information with minimal latency

Integration with Up or Down

The oracle service is integrated into our prediction game to:

Determine accurate opening prices for each game round
Validate closing prices to determine winners
Ensure fair distribution of rewards based on actual market movements

Technical Implementation

The oracle implementation leverages Roller price feed capabilities:

A smart contract deployed on your RollApp
An off-chain worker process that fetches and submits price data
Integration with the roller CLI tool for deployment and management

Learn More

For detailed technical information about the oracle system, please visit the Dymension documentation.

Oracle

How the Oracle Works

The oracle system functions as a decentralized price feed mechanism that:

Fetches Real-Time Data: Continuously retrieves price information from multiple reliable sources
Secure Updates: Provides cryptographically secure price updates to the application

Key Features

Decentralized Architecture: Eliminates single points of failure by utilizing multiple data sources
Tamper-Resistant: Implements robust security measures to prevent price manipulation
High Reliability: Maintains consistent uptime for uninterrupted game operations
Real-Time Updates: Delivers price information with minimal latency

Integration with Up or Down

The oracle service is integrated into our prediction game to:

Determine accurate opening prices for each game round
Validate closing prices to determine winners
Ensure fair distribution of rewards based on actual market movements

Technical Implementation

The oracle implementation leverages Roller price feed capabilities:

A smart contract deployed on your RollApp
An off-chain worker process that fetches and submits price data
Integration with the roller CLI tool for deployment and management

Learn More

For detailed technical information about the oracle system, please visit the Dymension documentation.

Up or Down Protocol Roadmap

Phase 1: Initial Proof of Concept

Launch of core protocol with BTC-only support
Basic prediction market functionality
- Up/Down position creation
- Position settlement
- Basic reward distribution

Phase 2: Multi-Asset Expansion

Integration of additional major assets:
- Ethereum (ETH), Solana (SOL), and more.
Enhanced price feed infrastructure

Phase 3: Protocol Enhancement

Decentralized oracle verifiability
Enhanced security measures
Advanced features (subject to governance):
- Referral system
- Social trading features

Note: This roadmap is subject to change based on community feedback, market conditions, and governance decisions. All implementations will prioritize security and sustainable growth of the protocol.