💰Example Winnings Distribution

This page will show an example which will give you an idea of winning amounts and any commissions paid.

Question:

Who Wins the World Cup 2022?

Team 1 or Team 2

PREDICTION ARRAY

5 players take part in each answer.

Players who chose Team 1:

User	Stake (BUSD)
A	200
B	500
C	400
D	100
E	300
Total	1500 BUSD

Players who chose Team 2:

User	Stake (BUSD)
F	200
G	700
H	500
I	200
J	400
Total	2000 BUSD

ANSWER DETERMINATION

When the timer ends, HT verifies the correct answer using the authorized source and marks Team 2 as the correct answer.

PRIZE POOL DETERMINATION

Total Pool Earnings: 1500 ( Team 1 ) + 2000 ( Team 2 ) = 3500 BUSD

HT platform fee: 25% of the losing pool (Team 1). So 25% of 1500 = 375 BUSD

The HT smart contract allows HT platform fee to be set up to only 30% max of the losing pool. Anything greater is disallowed by smart contract. The current fee is 25% of the losing pool, and any changes will be communicated to the community well in advance.

Therefore, the Total Prize Pool to be awarded to winners is 3125 BUSD.

When a winner is selected, the HT Smart Contract does the following:

1. 375 BUSD is transferred to a secure company wallet.

2. Users A - E, lose their funds.

3. 3325 BUSD is awarded to users F, G, H, I & J.

4. Users F - J can now claim their winnings (they pay the gas fee for claiming their winnings).

The formula for calculating winnings is:

S = Sum of winning pool P = prize pool after platform fee U = the amount a user staked

A user's individual prize is (U / S) * P

In our example:

• S = 2000

• P = 3125

• U = (each staked amounts of users F - J)

Actual Winnings

User	User Stake(BUSD)	Winning (BUSD)
F	200	(200/2000) * 3125 = 312.5
G	700	(700/2000) * 3125 = 1093.75
H	500	(500/2000) * 3125 =781.25
I	200	(200/2000) * 3125 = 312.5
J	400	(400/2000) * 3125 = 625
	Total Awarded	3125 BUSD

Note that this example does not show the submitter commission. If this question was submitted by a community member, they would get a part of the total pool as a reward.

Let's assume that the submitter's reward at the time is 1% (the value can only be 0.01% to 2% max of the Total prize pool), their commission would be $35 (1% of $3500). The HT platform fee will be reduced to $371.25 and the total prize pool would then become $3093.75 and all winner's winning amounts would be reduced slightly.