Fees will be highly competitive for dedicated predictors, with 95% of winnings going to correct predictors. Since prediction outcomes can be bought into/sold at any time, there is a 10% (this can change) fee for selling a prediction outcome to ensure some winnings remain for those correct predictors who did not sell.
• 3% of fees go to prediction creators. If you create a prediction that generates a million dollars in fees, you earn twenty thousand dollars when the bet is ended.
• 1% of fees go to prediction enders.
• 1% of fees go to the Orbicular team to help grow and refine the project & ecosystem.
These percentages can be changed by the Orbicular team.
The OrbetV2 contract is also capable of burning some fees as well as sending some fees to those who hold liquidity tokens in a built-in vault in OrbetV2, but as of now those percentages are 0%
ORBIv2 is an Orbicular token, meaning its supply follows a cyclical pattern. A week of rising supply is followed by a week of falling supply, and vice versa. This continues forever, with no regard to demand.
One hundred million ORBIv2 were initially created, with fifty-five million remaining in the Orbicular team's hands. Orbicular has only ever used these funds to grow and develop the Orbicular ecosystem, primarily by way of direct payments to content creators and project contributors.
100% of liquidity owned by Orbicular is locked, until mid-August 2021