The 369X Protocol · Complete overview
The 369X Protocol — Complete Overview
369X is a decentralised, non-custodial prediction-market platform on BNB Smart Chain where people trade YES/NO outcome shares on real-world events. $369X is its native BEP-20 token. This page sets out the whole design in one place: how markets work, how prices and outcomes are decided, where fees go, how leverage and the LP Vault work, the $369X token, security, the roadmap and the risks. Every section has a stable link.
Download the documents
369X Litepaper
The complete guide to 369X — platform, economics, token and roadmap.
369X at a Glance
The visual 10-minute overview.
369X at a glance
People buy and sell YES or NO shares on real-world questions in crypto, finance, sports, politics, culture and AI. Each share pays $1 if it is right and $0 if it is wrong, so its price is the crowd’s running estimate of the probability.
- $1per winning share, in the settlement stablecoin
- 2%base fee per buy and per sell
- 0.5%of eligible volume to an approved creator
- 369Mfixed $369X supply
Prediction markets in brief
A prediction market turns a question with an end date and a named source of truth into two tradable shares. As news arrives, prices move; at settlement, the correct side pays $1 per share. If YES costs 58¢, the market is saying roughly a 58% chance; NO then costs about 42¢. You can sell early at the live price until the trading cut-off. The full introduction.
Unlike a bookmaker, which sets odds and profits when customers lose, prices here come from traders, and 369X’s market maker is software with a capped, pre-funded subsidy. Legal treatment varies by country.
What existing venues leave open
Combined monthly volume on Kalshi and Polymarket grew from $4.51 billion in September 2025 to $52.99 billion in July 2026 (Pew Research Center, from The Block data). The leaders are custodial or geo-restricted, list markets through their own teams, rarely pay the people who suggest markets, and offer leverage on assets rather than on outcomes. Order books also thin out on niche questions. 369X is designed around those gaps. Data and method.
How 369X works
Connect a Web3 wallet (MetaMask, Trust Wallet, WalletConnect or Coinbase Wallet) on BNB Smart Chain. Choose a market or request a new one. Buy YES or NO from $1. Once the outcome is final, claim $1 per winning share to your wallet. Every step is recorded on-chain. Step by step.
The market maker: LMSR
369X uses the Logarithmic Market Scoring Rule to quote every open market. Prices stay between 0 and 1 and YES plus NO equals 1. Bigger trades pay more through price impact. Selling uses the same formula and fee as buying. The maximum market-making subsidy per binary market is b × ln 2 (about 0.69 × b), which covers market making only. 0.4% of each trade stays in the market to deepen it.
LMSR, b = 1,000, starting at 50¢ Average price 53.7¢; price after the trade 57.4¢.
Hypothetical order book Average price 52.8¢; the last share filled at 56¢.
Market lifecycle and resolution
- 01
Question
A market asks one question with a fixed end date and a named source of truth. Example: will the home side win Saturday’s final, as recorded in the league’s official result?
- 02
Trade
While the market is open, the LMSR market maker quotes YES and NO. You can buy from $1 and sell back at the live price. Each buy and sell pays the 2% fee.
- 03
Cut-off
Trading freezes 1 hour before expiry, so nobody can trade on last-second information or push the price at the close.
- 04
Proposal
After the event, a resolver proposes the outcome and locks a $100 bond. Proposing a false result puts that bond at risk.
- 05
Challenge window
For 48 hours anyone can dispute the proposal by posting a matching bond. Disputes go to the resolver panel and, after token launch, to staked-$369X voting.
- 06
Final
If nobody challenges, the outcome becomes final. The honest proposer gets the bond back with a reward; a dishonest one loses it to the first honest challenger.
- 07
Claim
Each winning share redeems for $1 of the settlement stablecoin. Losing shares pay nothing. You claim from the contract to your own wallet.
- ↳
Void branch
If a market cannot be resolved against its source, it is voided. You can reclaim what you paid for the shares you still hold. Trading fees and network gas are not refunded.
An honest proposer gets the bond back with a reward if nobody disputes within 48 hours; a dishonest one loses it to the first honest challenger. Disputes go to the resolver panel and, after token launch, to staked-$369X voting. Claims, refunds and disputes are designed never to pause, even during an emergency trading pause. Resolution in detail.
Eight product areas
- 01Testnet launch
Prediction markets
Binary YES/NO markets across crypto, finance, sports, politics, culture and AI, from a $1 minimum.
- 02Planned for mainnet
User market listing
Anyone can request a market. Approved requests go live for trading.
- 03Planned for mainnet
Creator fees
Approved creators earn 0.5% of eligible volume for their market's active life.
- 04Rolling out
Outcome leverage
2×, 3×, 5× and 10× on YES/NO positions, with loss designed to stop at your collateral.
- 05Testnet launch
LP Vault
Deposit to back every market and share in trading fees, alongside the losses.
- 06At token launch
$369X staking
Protocol-fee discounts of up to 50%, a share of buybacks and governance votes.
- 07Testnet launch
Leaderboards and seasons
Public P&L and win-rate rankings that reset each season.
- 08Testnet launch
Achievements and referrals
23 badges from Bronze to Platinum that add airdrop points.
User market listing
Any user can request a market on any asset class, category or trending event: a political story, a fixture, a crypto launch, a pop-culture moment. The request includes the question, category, end date, resolution source and outcomes. 369X checks that it is clear, verifiable, lawful and not a duplicate; a small $369X bond filters spam. Approved markets go live with LMSR quotes from minute one. Creators.
Creator economy
The approved creator of a market earns 0.5% of every eligible buy and sell for the market’s life. $100,000 of eligible volume pays $500; $1,000,000 pays $5,000. That is arithmetic, not a forecast. The protocol, not the creator, funds starting liquidity, and the creator’s bond is refunded when the market resolves cleanly.
Outcome leverage
Put in collateral, borrow the rest from the LP Vault and hold a 2×, 3×, 5× or 10× YES/NO position. Loss is designed to be limited to collateral through isolated positions, pending testing and audit. Positions run from $50 to $2,000, with at most 5 positions and $5,000 of exposure per wallet, and open only between 20% and 80% odds. Leverage switches on per market after it graduates. Leverage and its risks.
Illustrative 5× YES at 60¢, market resolves YES
- Your collateral
- $200
- Borrowed from the LP Vault
- $800
- Total position
- $1,000
- 2% trading fee
- −$20
- Buys YES shares at 60¢
- 980 ÷ 0.60 ≈ 1,633.33 shares
- Payout if YES wins ($1 per share)
- ≈ $1,633.33
- Repay the loan
- −$800
- Returned to you
- ≈ $833.33
- Gain on your $200
- ≈ +$633.33 (+317%)
- Designed maximum loss if NO wins
- −$200
Before borrowing costs, exit fees and network costs, which are announced before leverage goes live. The illustrative liquidation level for this position is around 52% YES.
LP Vault
Depositors back all markets and lend to leverage. They earn the 0.25% LP fee share, leverage fees and surpluses, a governance-set share of platform fees and airdrop points. They also absorb losses when traders win. Minimum deposit $10, up to 20 positions per wallet, 7-day withdrawal cooldown. LP Vault.
| Tier | Lock | Relative multiplier | Points multiplier |
|---|---|---|---|
| Flex | None | 1× | |
| 90-day | 90 days | 2× | |
| 180-day | 180 days | 4× | |
| 365-day | 365 days | 8× |
Community and rankings
Seasonal leaderboards by P&L and win-rate, 23 achievement badges from Bronze to Platinum, ROI-ranked prize campaigns, and planned referral contests and ambassador cohorts. Wash-trading is filtered. Community.
Fees
2%total fee on each buy and each sell
Discounts shrink only the protocol share. Creator, depth and LP shares never change.
| Destination | Share of trade value | Share of the 2% fee | What it pays for |
|---|---|---|---|
| Protocol | 0.85% | 42.5% | Goes to the FeeVault for operations, treasury and, after token launch, $369X buybacks. The only part a staking discount reduces. |
| Creator | 0.5% | 25% | Paid to the approved creator of that market for its active life. |
| Market depth | 0.4% | 20% | Stays inside the market and raises its liquidity parameter, so later trades move the price less. |
| Liquidity providers | 0.25% | 12.5% | Paid to LP Vault depositors, who back market making and take the losses when traders win. |
| Total | 2% | 100% |
Effective totals are 2%, 1.915%, 1.7875% and 1.575% at the four staking tiers. Fee calculator.
How usage feeds value
Every trade pays creators, liquidity providers, market depth and the protocol at once. More markets and deeper liquidity can attract more traders, and after token launch more trading funds more buybacks. There is no minting: rewards come from fee-funded buybacks and capped, pre-allocated reserves, which add to circulating supply only on schedule. Ecosystem.
The $369X token
Token model subject to change.
$369X is a BEP-20 token with a fixed supply of 369,000,000 and no mint function in the design. It isn’t needed to trade. Its uses are resolution staking, protocol-fee discounts, governance, liquidity mining, the market-creation bond and premium access. Token utility.
Tokenomics
| Bucket | Share | Tokens | Release schedule |
|---|---|---|---|
| Ecosystem & Community Incentives | 18% | 66,420,000 | 3-month cliff, then monthly to month 60 Includes a capped community-rewards sub-allocation of 22,140,000 tokens (6% of total supply) inside this bucket. It is not an additional allocation. |
| ICO / Public Sale (Phases 1–3) | 15% | 55,350,000 | Phase-based: see the sale table |
| Treasury / Foundation | 15% | 55,350,000 | 18-month cliff, then monthly to month 66; held in a multisig |
| Staking & Resolver Rewards | 12% | 44,280,000 | Monthly from TGE over 72 months (about 615,000 a month); one shared cap for protocol staking and resolver rewards |
| Team & Advisors | 12% | 44,280,000 | 12-month cliff, then monthly to month 48 |
| Liquidity & Market Making | 8% | 29,520,000 | 15,000,000 deployed at TGE for trading; the remaining 14,520,000 is reserved for new exchange listings (released by governance, no automatic schedule) |
| Strategic Partners | 5% | 18,450,000 | 18-month cliff, then monthly to month 42 |
| Security & Insurance Reserve | 5% | 18,450,000 | Locked; released only by governance |
| Marketing & KOL | 4% | 14,760,000 | 3-month cliff, then monthly to month 27 |
| Exchange Launch & Listing | 3% | 11,070,000 | Locked; used only for confirmed exchange listing campaigns |
| Launchpad Rewards | 2% | 7,380,000 | Early-user rewards, hard-capped. 1-month cliff, then monthly to month 25 |
| Testnet Airdrop | 1% | 3,690,000 | 1-month cliff, then monthly to month 7 |
| Total | 100% | 369,000,000 |
Sale phases
| Stage | Indicative price | Tokens | Token consideration | Release | FDV at this price |
|---|---|---|---|---|---|
| ICO Phase 1 | $0.10 | 15,000,000 | $1,500,000 | 10% at TGE · 3-month cliff · then monthly over 15 months | $36,900,000 |
| ICO Phase 2 | $0.15 | 18,000,000 | $2,700,000 | 20% at TGE · 2-month cliff · then monthly over 12 months | $55,350,000 |
| ICO Phase 3 | $0.20 | 22,350,000 | $4,470,000 | 30% at TGE · 1-month cliff · then monthly over 9 months | $73,800,000 |
| Indicative listing target | $0.30 | Not a sale allocation | — | — | $110,700,000 |
| Full sale | 55,350,000 | $8,670,000 | |||
Prices are indicative and subject to final terms and applicable law. The listing target is not a promised market price, and the token can trade below any sale price. Token-sale participation may be restricted in some jurisdictions and is handled only through official 369X channels.
At launch and after
At TGE only sale tokens and trading liquidity unlock; every other bucket unlocks 0%. That is at most 26,805,000 tokens (7.26% of supply), assuming a full sale and the planned liquidity deployment. About half of the 15,000,000 liquidity tokens go into a DEX pool, which needs about $2.25M in matching stablecoins at the $0.30 target; the other half is lent to exchange market makers so orders exist from the first minute. They are trading inventory, not a sale.
| Source | Relative size | Tokens |
|---|---|---|
| Liquidity & market making (deployed for trading) | 15,000,000 | |
| ICO Phase 3 (30%) | 6,705,000 | |
| ICO Phase 2 (20%) | 3,600,000 | |
| ICO Phase 1 (10%) | 1,500,000 | |
| All other buckets | 0 | |
| Total | ≈ 7.26% of supply | 26,805,000 |
Scheduled availability reaches 88.07% by month 72; the other 11.93% has no automatic release. Full tokenomics.
Show the checkpoint table
| Checkpoint | Timing | Scheduled availability |
|---|---|---|
| TGE | Token generation event | 7.26% |
| M6 | Month 6 | 15.35% |
| M12 | Month 12 | 25.21% |
| M24 | Month 24 | 43.24% |
| M36 | Month 36 | 59.86% |
| M48 | Month 48 | 74.65% |
| M60 | Month 60 | 84.19% |
| M72 | Month 72 | 88.07% |
Buyback and burn
- 1
Trades pay fees
The 0.85% protocol share of each trade flows to the FeeVault.
- 2
30% buys $369X
Bought gradually on the open market (time-weighted) to avoid price spikes and front-running.
- 3
Split in two
50% burned, sent to a dead address and removed from supply for good. 50% to stakers as protocol staking rewards.
Illustrative Buyback arithmetic on an assumed $500,000,000 of annual volume
- Protocol share at 0.85%
- $4,250,000
- 30% routed to buybacks
- $1,275,000
- Tokens bought at an average $0.30
- 4,250,000 (1.15% of supply)
- Burned (50%)
- 2,125,000 (0.58%)
- To stakers (50%)
- 2,125,000
Assumes no staking discounts and ignores execution costs. The volume and price are assumptions, not forecasts. 30% is the starting setting; governance can move it between 10% and 50% behind a 48-hour timelock. Scheduled unlocks can still increase circulating supply.
Protocol staking
-
Tier 01
Holder
0 $369X staked
0% off the protocol share
Total fee 2%
-
Tier 02
Staker
1,000+ $369X staked
10% off the protocol share
Total fee 1.915%
-
Tier 03
Power Staker
10,000+ $369X staked
25% off the protocol share
Total fee 1.7875%
-
Tier 04
Protocol Staker
100,000+ $369X staked
50% off the protocol share
Total fee 1.575%
No lock-up to stake; a 7-day cooldown to unstake. Rewards come from buybacks and the shared Staking & Resolver pool of 44,280,000 tokens over 72 months. Staking.
Technology
- L1
User layer
Web app · any Web3 wallet (MetaMask, Trust Wallet, WalletConnect, Coinbase Wallet) · RPC fallback list · planned iOS and Android apps
- L2
Smart-contract layer · BNB Smart Chain
PredictMarketLMSR · FeeVault · LeverageVault · LPVault · one BetProxy per leveraged position
- L3
Resolution layer
Bonded proposal → 48-hour dispute window → finalise · whitelisted resolvers · planned automated feeds for sports and crypto · staked-$369X voting after token launch
- L4
Data layer
Event-streaming indexer → database cache for charts and leaderboards. A speed layer only: every view can be rebuilt from on-chain events.
PredictMarketLMSRCore markets: prices outcome shares with the LMSR, handles buys, sells, resolution and claims.FeeVaultCollects the protocol share of fees and, after token launch, funds buybacks.LeverageVaultOpens and manages 2× to 10× outcome positions.LPVaultHolds LP deposits that back market making and leverage lending.BetProxyOne per leveraged position, keeping each position's collateral isolated.
Security and risk controls
No real funds until an independent audit completes with no open critical issues. A bug bounty of up to $250,000 is planned with mainnet. The design is non-custodial; a 2-of-3 multisig can pause trading, but the pause expires after 7 days and claims, refunds and disputes keep working. Parameter changes wait 48 hours and stay in hard-coded bounds. The mainnet gate includes a full lifecycle test suite and fuzz testing. All of these are intended designs until verified code and audit reports are published. Security.
How 369X compares
Competitor information as of September 2026. Fees and rules change; see the linked official pages.
| Feature | 369XDesign; status shown per row | PolymarketInternational platform | KalshiUS-regulated exchange |
|---|---|---|---|
| Who holds funds | Your wallet and the protocol's contracts; no company custody intendedIntended design | Your own wallet on the international platformPolymarket (opens in a new tab) | Kalshi account (custodial)Kalshi (opens in a new tab) |
| Who creates markets | Users request; 369X reviews; approved requests go livePlanned for mainnet | Markets team, with user suggestionsPolymarket, 19 April 2026 (opens in a new tab) | Markets team, with an ideas feed for suggestionsKalshi (opens in a new tab) |
| Pays the market's originator | Yes: 0.5% of eligible volume to the approved creatorPlanned for mainnet | Not documented in the sources checkedPolymarket, 19 April 2026 (opens in a new tab) | Not documented in the sources checkedKalshi (opens in a new tab) |
| Leverage on a YES/NO outcome | 2× to 10× on outcome positionsRolling out | Offers perpetuals on assets (indices, commodities, crypto, equities), a separate product from outcome sharesPolymarket (opens in a new tab) | Not documented in the sources checked for outcome contractsKalshi (opens in a new tab) |
| Trading fee model | 2% of trade value on each buy and sell, before staking discountsTestnet launch | Takers pay C × rate × p × (1 − p); rate 0.04–0.07 by category; makers pay nothing; geopolitics fee-freePolymarket (opens in a new tab) | Takers pay round-up(0.07 × C × P × (1 − P)) on standard contracts; maker fees are lowerKalshi, 7 July 2026 (opens in a new tab) · Kalshi (opens in a new tab) |
Polymarket and Kalshi lead on scale, brand, liquidity and US regulatory licences. 369X still has to prove volume, audits and adoption; its case today is its design. Full comparison.
Twenty design details
- 01Intended design
Non-custodial design
Funds sit in your wallet and in smart contracts, not with a company. An independent audit comes before mainnet. Details on Non-custodial design
- 02Planned for mainnet
User market listing
Request a market on any trending event, asset or category. Approved requests go live. Details on User market listing
- 03Planned for mainnet
Creator economy
0.5% of eligible volume goes to the approved creator for the market's life. Details on Creator economy
- 04Rolling out
Leverage on outcomes
2×, 3×, 5× and 10× on YES/NO, with loss designed to stop at collateral. Details on Leverage on outcomes
- 05Testnet launch
Automated LMSR quotes
A price on every open market, including brand-new and niche ones. Details on Automated LMSR quotes
- 06Intended design
Bounded LMSR subsidy
Each market's market-making subsidy is capped in advance at b × ln 2. Details on Bounded LMSR subsidy
- 07Testnet launch
Early exit
Sell at the live price until the one-hour cut-off. Details on Early exit
- 08Intended design
Anti-manipulation design
A one-hour cut-off, 30-minute TWAP for liquidations, bonded disputes and wash-trade filters. Details on Anti-manipulation design
- 09Testnet launch
Bonded resolution
Proposals and challenges need bonds. Unchallenged outcomes finalise after 48 hours. Details on Bonded resolution
- 10Intended design
Void protection
An unresolvable market refunds what you paid for the shares you still hold. Details on Void protection
- 11Testnet launch
Shared fee model
The 2% fee is split between the protocol, creators, market depth and LPs. Details on Shared fee model
- 12Testnet launch
LP Vault
Anyone can back markets and share in fees and airdrop points, and in the losses. Details on LP Vault
- 13At token launch
$369X token
Staking rewards, up to 50% off the protocol fee, governance and liquidity mining. Details on $369X token
- 14At token launch
Buyback and burn
30% of protocol fees buy back $369X. Half is burned, half goes to stakers. Details on Buyback and burn
- 15At token launch
Fixed 369M supply
A hard cap with no mint function, released on schedules of up to 72 months. Details on Fixed 369M supply
- 16Testnet launch
BNB Smart Chain
Low gas, typically under a cent though it varies, fast blocks and a large wallet base. Details on BNB Smart Chain
- 17Testnet launch
$1 minimum
Start small. Access is wallet-based with no account KYC, and restricted regions are excluded. Details on $1 minimum
- 18Testnet launch
ROI-based rankings
Badges, seasons, ROI leaderboards and prize campaigns that reward accuracy over size. Details on ROI-based rankings
- 19At token launch
DAO governance
Token holders steer fees, markets and treasury, behind a 48-hour timelock. Details on DAO governance
- 20Intended design
Immutable and transparent
No admin upgrade key is intended, and every view can be rebuilt from chain data. Details on Immutable and transparent
Roadmap
Now · Phase 0
Testnet launchTestnet launch
- LMSR prediction markets and FeeVault on BNB Smart Chain testnet
- Trade, resolve and claim with free test funds
- Leaderboard, 23 achievements and referrals
- LP Vault on testnet (Flex, 90, 180 and 365-day)
- Leverage simulator and testnet leverage trading
- Early-user rewards and airdrop points
Next 0–6 months
Planned for mainnetToken and mainnet launch
- Token sale phases 1 to 3
- Independent third-party audit, re-audit, zero open critical issues
- BNB Smart Chain mainnet deployment and a bug-bounty programme
- $369X token generation event, listing and airdrop claim portal
- Protocol staking, buyback and burn, 48-hour-timelock governance
- User market listing portal; leverage on graduated markets
6–12 months
Planned for mainnetScale and expand
- Multi-outcome and scalar markets (ranges, ‘who wins’)
- Futures-style and probability perpetuals on outcomes
- Additional EVM chains and cross-chain liquidity
- Public REST and WebSocket API; embeddable market widget
- Native iOS and Android apps
- Fiat on-ramps, local payment methods and a multi-language app
Year 2
ProposedSmarter markets
- Combo and parlay markets across events
- Live in-play sports markets
- AI assistant that writes clear, resolvable questions
- AI-assisted oracle with a human dispute backstop
- Copy-trading and social feeds of top forecasters
- Yield on idle collateral; full DAO governance handover
Year 3
ProposedInfrastructure layer
- White-label and B2B embeds for media, fantasy apps and communities
- Prediction indices and baskets
- Options on outcomes and hedging tools
- Reputation tokens recording a forecaster’s track record
- Institutional feed of live probabilities
- Telegram and social mini-apps with gasless onboarding
Year 5
VisionA global truth layer
- A market within minutes for trending events worldwide
- AI agents trading and providing liquidity alongside people
- Enterprise and policy forecasting markets
- A multi-chain liquidity network with one account
- A community-owned, DAO-run protocol
Where growth could come from
Mobile-first audiences in Latin America, Africa, the Middle East, Asia and Europe; sports communities in football, basketball, cricket, F1 and esports; creators and streamers listing their own markets; and, later, APIs, widgets and data feeds for media and fintech. These are opportunities, not results.
Risks
Total loss of a stake; liquidation of leveraged positions; LP Vault losses; smart-contract bugs; wrong outcomes that go undisputed; stablecoin depegs; regulatory restrictions; token prices below any sale price and supply growth from scheduled releases; network outages, MEV and phishing. Risk disclosure.
Glossary and questions
Terms are defined in the glossary and common questions answered in the FAQ.