# Predict to earn

### Prediction Questions

In the Newwit platform, players can propose questions to predict. Initially, questions will be moderated by the Newwit project team as validators to ensure the questions are valid and outcomes are verifiable. Validators are also responsible for identifying a data source as the settlement criteria of the question. As the community grow, questions will be chosen and managed by the community.\
\
During each day, new questions of different topics will be released based on what happened/ will happen in the real world. Players then predict the outcome of these questions with a few clicks. 

### Energy and Making Predictions

To engage in a prediction, each player needs to consume 1 Energy. 10 Energy would be provided  for free to each player every day. 1 Energy would be replenished to players periodically over a day. However, each player is only allowed to possess up to 10 Energy at all times.

Unlike a prediction market where players need to buy and sell binary contracts which requires order matching, Newwit is much simpler. Players do not need to decide how much to bet and wait for the market making. Players just need to vote on the option they believe will happen. Each prediction costs exactly one Energy. \
\
Potential (\[maximum]) rewards and losses are calculated in WIT (in-game currency) using a simple formula:\
\
Rewards = ( 1 - current percentage share of votes of the chosen answer) \* 100\
Loss = 100 \* current percentage share of votes of the chosen answer\
\
For example, 

| Percentage share of Vote | Rewards for correct predictions (WIT) | Loss for incorrect predictions (WIT) |
| ------------------------ | ------------------------------------- | ------------------------------------ |
| 10%                      | +90                                   | -10                                  |
| 50%                      | +50                                   | -50                                  |
| 90%                      | +10                                   | -90                                  |

In this simple design, the maximum payout in a single question is 100 WIT (could be adjusted in the future). The expected value of payout of any option is 0. <br>

### Question Settlement

Once the outcome of a question is known, the validators will settle the questions immediately using the predetermined settlement criteria and data source. Rewards and losses in terms of WIT are updated to players' account.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://litepaper.newwit.com/gameplay/predict-to-earn.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.