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About Conviction

What is Conviction?

Conviction is a decentralized prediction market platform built on ZetaChain. It enables users to trade on the outcomes of real-world events by buying and selling outcome shares — putting their conviction on the line.

Our Vision

Conviction's mission is to democratize access to prediction markets. By leveraging blockchain technology, the platform delivers full transparency, trustless settlement, and permissionless participation. Every trade, every resolution, and every payout is verifiable on-chain.

How It Works

Prediction markets turn opinions into tradeable positions. Here's how Conviction works at a high level:

  1. Markets Are Created for Real-World Events Markets cover a wide range of categories including crypto, sports, politics, entertainment, science, and finance. Each market poses a specific question — for example, "Will BTC exceed $150k by March 2026?"

  2. Each Market Has Outcomes

    • Binary markets have two outcomes: YES and NO.
    • Categorical markets have multiple possible outcomes (e.g., "Which team will win the championship?").

  3. Outcome Shares Are Priced Between 0¢ and 100¢ The price of a share reflects the market's collective belief in the probability of that outcome. A YES share priced at 70¢ implies the market sees a 70% chance of that outcome occurring.

  4. Users Buy and Sell Shares Based on Their Conviction If you believe an outcome is more likely than the current price suggests, you buy shares. If you believe it's less likely, you sell. The orderbook matches buyers and sellers at agreed-upon prices.

  5. When the Market Resolves, Winning Shares Pay Out $1.00 Each Once the real-world event concludes and the outcome is determined, winning shares are redeemable for $1.00 each. Losing shares become worthless.

Example

A market asks: "Will ETH reach $10,000 by June 2026?"

  • You buy 100 YES shares at 35¢ each, spending $35.00.
  • If ETH does reach $10,000, your shares are worth $100.00 — a profit of $65.00.
  • If ETH does not reach $10,000, your shares are worth $0.00 — a loss of $35.00.

Built on ZetaChain

Conviction runs on ZetaChain, a Layer 1 blockchain purpose-built for universal cross-chain interoperability. ZetaChain enables:

  • Cross-chain deposits — Users can fund their accounts from Ethereum, Arbitrum, Base, Polygon, BNB Chain, Avalanche, and more.
  • Native asset support — Trade using USDC without manual bridging.
  • High throughput and low cost — Fast block times and minimal transaction overhead.

Powered by Smart Contracts

Conviction uses the Conditional Token Framework (CTF) — a proven smart contract standard for creating and managing outcome tokens. The CTF ensures that:

  • Outcome shares are fully collateralized.
  • Settlement is deterministic and trustless.
  • Shares can be split, merged, and transferred freely.

Gasless Transactions

Through account abstraction (ERC-4337), Conviction sponsors all transaction gas fees on behalf of users. This means:

  • No ZETA or ETH needed for gas.
  • No failed transactions due to insufficient gas.
  • A seamless, Web2-like user experience with Web3 security guarantees.