LIVE: DXdao Community Competition for Omen Markets - Batch #1
- The proposal on xDXdao for the first Omen Markets Competition has passed
- The competition is live here: https://xdai.v1.alchemy.do/dao/0xe716ec63c5673b3a4732d22909b38d779fa47c3f/crx/proposal/0x9b5eeb8c53de997d1508952f4d6764e21ba1b8af042be1a0b426ae18d616dd93
- Please enter markets and share the competition
Note: This Competition is LIVE on xDai Chain.
If you need help using xDai Chain, you can reference this site:
Omen has seen some ups and downs and ups over the past 6 months.
Weekly users of Omen showed attractive numbers during mid-summer and then more recently around the US elections. In between, activity was low, largely affected by Ethereum’s high gas prices.
Activity around the creation of Omen markets was stronger earlier in the year, but hasn’t really picked up recently, even with more reasonable gas prices.
Omen is a product of and for the DXdao and Omen communities and DXdao has a desire to put in place systems that make it easier for these communities to contribute and participate in the success of Omen.
As part of that goal, the sourcing and creation of top notch Omen markets is a key piece of the puzzle.
At the same time, DXdao has recently launched and is experimenting with a DXdao base on xDai Chain, commonly referred to as “xDXdao” and found here: https://xdai.v1.alchemy.do/dao/0xe716ec63c5673b3a4732d22909b38d779fa47c3f
xDXdao is a tool that DXdao can leverage - it’s cheap, fast and easy to use, while being proven to be secure.
On xDXdao, there is a Competition Scheme that allows anyone to propose a Competition.
A week ago, a proposal was raised to create a competition to help DXdao source Omen markets from the community. The details for this proposal titled “Community Competition for Omen Markets - Batch #1” can be found here:
Update: The proposal has passed and the Competition has begun!
The Competition can be found here:
You can use the “+ New Submission” button to enter a market into the competition.
Follow these steps:
- Choose any relevant “Title”
- Write your proposed Omen Market in the “Description” field
- Include any relevant “URL”
- Leave your “Recipient” wallet address or manually enter another one to receive the award if you win
- Click “Submit submission” button and confirm the transaction.
Anyone from the community can propose an Omen market in the competition.
You can enter as many markets as you would like.
Please keep in mind best practices when proposing your Markets.
You can reference Omen FAQs here: https://omen.eth.link/faq.pdf
and Omen Market Resolution Rules here: https://omen.eth.link/rules.pdf
Once the Submission Period ends, the Voting Period will begin. All REP holders in xDXdao will be able to vote during this period for the top three Omen Markets.
As part of this competition, the top three winning markets will be created and funded by DXdao.
At the conclusion of the Competition, the community members who propose the winning markets will automatically be rewarded with 500 REP in xDXdao, allowing the winners to vote in xDXdao, including on future Omen Market competitions, and also 100 xDai each.
If you have any questions, feel free to ask in the #Omen keybase channel.