Ticket Sales
Last updated
Last updated
The purchase value of tickets depends on the price in UNIT of the cryptocurrencies deposited and the probability of the outcome.
On day 1 of the round, tickets (yUNIT and nUNIT) are priced in UNIT at the rate of
for being the probability of "yes".
On subsequent days, ticket prices depend on the updated probability of the outcome on each day.
In the Ethereum network, for the price of 1 ETH in UNIT and the updated probability of "yes" we get that 1 ETH will yield the following amount of yUNIT and nUNIT tickets.
Question: Will coin A enter The UNIT this round?
Then, if 1 ETH is currently worth 1000 UNIT, then
Same Question: Will coin A enter The UNIT this round?
Known Data: On Day 1, coin A met the requirements to enter The UNIT.
Then, if 1 ETH is currently worth 1000 UNIT, then
Calculate the probability that coin A will enter The UNIT in this round given equal probability that it will satisfy the requirements in any given day.
Again, calculate the probability that coin A will enter The UNIT in this round given equal probability that it will satisfy the requirements in any given day.