Frequently Asked Questions (FAQ)
Last updated: October 6, 2025
General
Q: Is Oracle Degen live?
A: Yes, the public testnet launches October 7, 2025 on Solana Devnet.
The platform is fully functional for testing with devnet SOL (play money).
Q: Can I bet real money now?
A: Not yet. The current deployment is on Solana Devnet (testnet). You bet with devnet SOL, which is free test currency with no real-world value.
Mainnet launch (real money) is planned after extensive testing and audits.
Q: What blockchains do you support?
A: Solana only.
Why Solana?
Transaction fees: ~$0.00025 (vs $1-50 on Ethereum)
Speed: 400ms block time (vs 12s on Ethereum)
Wallet ecosystem: Phantom, Solflare widely adopted
Memecoin culture: Most volume happens on Solana
Q: How do I get devnet SOL for testing?
A: Visit https://faucet.solana.com, paste your wallet address, and claim 1-2 devnet SOL for free. Repeat as needed.
Betting
Q: What can I bet on?
A: Memecoin-related outcomes, including:
Price Predictions: "Will $BONK reach $0.00005 before Dec 31?"
Market Cap Milestones: "Will $WIF exceed $1B market cap?"
Exchange Listings: "Will [token] get listed on Binance?" (future)
Volume/TVL Events: "Will Solana DEX volume exceed $10B/day?" (future)
Currently, the admin creates markets based on community interest. In the future, token holders may be able to propose markets via governance.
Q: What are the fees?
A: 2% on winning payouts only.
If you lose your bet, you pay no additional fee (you already lost your stake to the winners).
Example:
You bet 1 SOL and win 0.5 SOL profit
Fee: 0.5 × 2% = 0.01 SOL
You receive: 1 + 0.5 - 0.01 = 1.49 SOL
Q: How do I know markets are fair?
A: Several mechanisms ensure fairness:
AMM-Based Odds: The Automated Market Maker sets odds algorithmically based on betting volume. The platform doesn't control odds—they're determined by supply and demand.
Non-Custodial: Your bets are locked in smart contract PDAs (Program Derived Accounts), not in an admin wallet. The admin can't steal your funds.
Max Bet Limit: 0.05 SOL per bet prevents whales from manipulating odds.
Transparent Settlement: Settlement sources (like DexScreener API) are specified when the market is created. Anyone can verify the result.
On-Chain Auditable: All transactions are public on Solana Explorer. You can verify market creation, bets, and settlements.
Q: Can I cancel my bet after placing it?
A: No. Once your transaction is confirmed on-chain, the bet is final and irreversible.
This is a blockchain limitation, not a platform choice. Always double-check your prediction (YES/NO) and amount before confirming.
Q: When do I get paid if I win?
A: Payouts happen in two steps:
Admin Settles Market: After the market's end time passes, the admin checks the settlement source (e.g., DexScreener) and records the result on-chain.
You Claim Winnings: Once settled, go to the "Your Bets" tab and click "Claim" on winning bets. Your payout is transferred instantly to your wallet.
Important: Claiming is manual. Winnings don't auto-deposit. You must click "Claim."
Q: What happens if I don't claim my winnings?
A: Your winnings remain in the smart contract indefinitely. There's no expiration, but they also don't accrue interest. Claim whenever you want.
Q: Is there a minimum or maximum bet?
A: for now:
Minimum: 0.01 SOL
Maximum: 0.05 SOL per market
Token ($ODEGEN)
Q: Where can I buy $ODEGEN?
A: $ODEGEN is tradable on Solana DEXs if liquidity exists.
Contract Address: 5Gzs2DxqK44fK3ob2LuxdmLfYRyuUe1QeE9MRSM3pump
Trading Venues:
Jupiter Aggregator: jup.ag
Raydium (if pool exists)
Direct swap on any Solana DEX supporting SPL tokens
⚠️ WARNING: Always verify the contract address. Scammers create fake tokens with similar names.
Getting Started
Q: How do I join testnet?
A: Starting October 7, 2025:
Install Phantom Wallet or another Solana wallet
Get free devnet SOL from Solana Faucet
Visit oracledegen.fun (or actual URL)
Click "Connect Wallet" and select your wallet
Browse markets and place bets
Q: Do I need coding skills to use Oracle Degen?
A: No. It's a web app like any DEX.
If you can use Phantom wallet to swap tokens, you can use Oracle Degen.
Q: What wallet do I need?
A: Any Solana wallet that supports Wallet Adapter:
Phantom (most popular, recommended)
Solflare
Backpack
Glow
And 20+ others
Make sure your wallet is set to Devnet for testnet, or Mainnet after mainnet launch.
Technical
Q: Where are the smart contracts?
A: Deployed on Solana Devnet.
Program ID: 72NfqpTZiUhbWKRR7qXxvnqSmUEwfKu55VMFUsX7bEt5
You can view it on Solana Explorer.
Q: Has the contract been audited?
A: Not yet. This is a testnet deployment for community testing.
A third-party security audit is planned before mainnet launch. Until then, only bet amounts you're comfortable losing (even though it's play money on testnet).
Safety & Risks
Q: Is this safe?
A: Define "safe":
Testnet (Current):
You're using play money (devnet SOL = $0 value)
Smart contracts haven't been audited yet
Mainnet (Future):
You'll risk real money
Smart contracts will be audited, but no code is 100% bug-free
You could lose your entire bet if you predict wrong
Platform could be hacked (unlikely after audit, but possible)
General Crypto Risks:
Wallet compromise (use hardware wallet for large amounts)
Phishing scams (always verify URLs)
Market manipulation (mitigated by max bet limits)
Recommendation: Only bet amounts you can afford to lose completely.
FAQ reflects testnet status as of October 6, 2025. Information will be updated for mainnet launch.
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