Event Creation

Process Overview

The Basis Predict+ platform enables creators to launch prediction events with no creation fee. Every event passes an automated content check before it goes live. 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 the Dev Panel

Creators begin by connecting their Web3 wallet (MetaMask, Trust Wallet, or similar) to the Basis dApp. Once connected, they access the Dev 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, up to 150 outcomes per market
  • 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

What It Costs

Key advantages of the Basis creation process:

  • Seed: a public market needs a seed, set per main (for example, where one unit is 1 USDG: currently at least 50 USDG for Basis Managed or 10 USDG for Creator Managed); a private market needs none. The seed is your own position on every outcome and pays out like any bet.
  • No creation fee today: only standard gas fees for blockchain transactions
  • Automated check: every market passes an automated content check before it can be created; there is no human approval queue
  • Instant deployment: Event goes live immediately upon creation

Launch Options

Creators choose between two launch approaches:

  • Fair Launch: No presale, immediate public trading
  • Presale: Optional first sale of a set number of market tokens, which can be limited to a whitelist

Presale (Optional)

The presale is an optional first sale of a set number of market tokens. With a freeze, only whitelisted wallets can buy the token in it. There are no minimum thresholds. The presale size is set by the creator, and it can be zero.

Purpose of the Presale

Creators may choose to enable a presale for:

  • Creator allocation: Purchase initial tokens at starting prices
  • Whitelist presale: Allow specific wallets early access
  • Community building: Let early supporters buy first
  • Initial liquidity: Establish base liquidity before public trading

Presale Mechanics

During the presale:

  • Token minting: Tokens minted on-demand as participants purchase.
  • Main pairing: Each Predict+ token is paired with the main its market was created on (STASIS in the first deployment)
  • Price floor: Token price cannot fall in its base asset. A contract property, not a guarantee of outcome.
  • Pricing: Prices increase with each purchase, the same way as after the presale

No Minimum Requirements

Important clarifications about the presale:

  • No threshold required: Event proceeds regardless of the amount raised
  • No failure state: Event cannot fail due to insufficient presale participation
  • Flexible size: The creator sets the presale size, and it can be zero
  • Optional participation: Can proceed with zero presale purchases

Whitelist Management

For presale events, creators can manage access:

  • Add wallet addresses: Specify allowed participants
  • Set purchase limits: Cap each wallet's direct purchases of the market token, in tokens (the cap does not limit bets)
  • Vesting options: Optional token vesting schedules

Market Launch

Once a market has passed the content check it launches in the same transaction, either immediately (fair launch) or after the optional presale completes.

Automatic Deployment

Smart contract deployment occurs automatically:

  • Automated content check: a passed market needs no further approval
  • Instant activation: Market goes live immediately
  • Standard templates: Every market deploys from the same contract template. Those contracts are reviewed by two leading AI models, run independently (the latest Claude Opus and GPT), plus 1,450+ tests. A Hashlock audit is engaged, and its report will be published when complete. Bug bounty open.
  • Immutable parameters: Event details locked on-chain

Market Configuration

The deployed contract establishes:

  • Oracle setup: Resolution mechanisms configured
  • Fee structure: the 0.60% base fee, plus the creator fee if the creator sets one
  • Initial odds: Equal starting odds for all outcomes
  • Betting parameters: bets accepted in the market's token, USDG, STASIS or another BASIS token

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:

  • Creator fee: a fee you set yourself, up to 1% of every bet and trade on your market token, paid in the pair asset. It is 0 until you set it
  • Costs: no creation fee today; a public market needs the seed described above
  • Life-of-token earnings: the creator fee is paid for as long as the token trades, and you also receive 20% of loan fees on it and of unwon prize money
  • Automatic distribution: Smart contract handles payments