Hedgehog Markets: Mainnet is Coming
By: Hedgehog Markets
Tags: Games, Decentralized, Prediction Markets, Blockchain, Defi

Are you a fan of prediction markets for sports and crypto but don’t want exposure to any of the downside? Then the Hedgehog Markets No-Loss Competitions are for you!

That’s right fellow hedgehogs, our first six No-Loss Competitions will offer prediction markets on National Football League (NFL) games, English Premier League (EPL) games, and crypto market data points.

How Will It Work?

We will initially offer two staking levels to enter a No-Loss Competition: $100 and $1000. For example, we will offer an NFL-themed competition that requires staking $100 USDC to play and an identical (but standalone) NFL competition that requires staking $1000 USDC to play. You can enter multiple competitions, but you can only participate once per competition. All users will start with the same amount of Game Tokens upon entering a competition.

The best part: you will always get back your original USDC stake at the end of the competition, regardless of your performance! To learn more about how No-Loss Competitions work, check out our Mainnet Sneak Peak article or this twitter thread.

To add to the excitement and celebrate this special moment with our community, our Mainnet Launch No-Loss Competitions will award over $100,000 USDC in prizes. In these first six competitions on mainnet, users will have a chance to win a share of $5,000 in prizes for each $100 USDC competition and a share of $30,000 in prizes for each $1000 USDC competition.

How Do I Win Prizes?!

When a competition ends, the top performing participants split the prize pool. This is based on participants’ competition ROI; the total Game Tokens each participant has won by correctly predicting event market outcomes, divided by the starting Game Token balance. All participants get back the original amount of USDC they staked, but the top players for each competition will also get a share of the prize pool.

Bring on the Competitions!

NFL Competitions (Weeks 3–5)

The Events included in these competitions will cover the scheduled NFL games for Weeks 3–5; each Event will contain a Main Market (Ex. “Will the home team win the game?”) and Secondary Markets (Ex. “Will a safety be scored at any point during the game?”). These competitions will kick off with the Panthers vs Texans on Thursday, September 23rd at 8:20PM and end with the Colts vs Ravens game on October 11th at 8:15PM. For example:

Event: Panthers vs. Texans Sept. 23rd 8:20 pm EST

Main Market: Will the home team win?

Will the home team win? Secondary Market: Will the home team score first?

Will the home team score first? Secondary Market: Will both teams score in the first quarter?

Will both teams score in the first quarter? Secondary Market: Will the total match points be more than 33?

Will the total match points be more than 33? Secondary Market: Will there be a safety at any point during the game?

Will there be a safety at any point during the game? Secondary Market: Will both teams score in the 4th quarter?

Will both teams score in the 4th quarter? Secondary Market: Will a quarterback score a touchdown?

The remainder of Events will be the rest of the games for weeks 3–5 and will follow the same structure.