About Testnet
Is this real money?
No. Skepsis is currently on Sui Testnet. All USDC used is test currency with no real value. This lets you:- Learn the platform risk-free
- Test strategies without financial exposure
- Provide feedback before mainnet launch
How do I get test USDC?
- Go to beta.skepsis.live
- Sign in with Google or connect your Sui wallet
- Click “Claim USDC” in the app
- Receive free test tokens instantly
Do I need to pay gas fees?
It depends on how you sign in:| Sign-in Method | Gas Fees |
|---|---|
| Google (zkLogin) | ✅ Sponsored — we pay for you |
| Sui Wallet | Get free test SUI from faucet.sui.io |
Do I need a crypto wallet?
Not necessarily. You have two options:| Option | Best For |
|---|---|
| Sign in with Google | New to crypto, instant access, gas sponsored |
| Connect Sui Wallet | Sui native users, full control, need test SUI for gas |
When will mainnet launch?
We’re gathering feedback during testnet. Join our Telegram or follow @skepsis_market for updates on mainnet timing.Getting Started
What is Skepsis?
Skepsis is a continuous outcome prediction market built on Sui blockchain. Instead of betting yes/no on binary questions, you bet on ranges where you think an outcome will land.How is this different from Polymarket?
Polymarket uses binary (yes/no) markets. Skepsis uses continuous markets where you select ranges. This lets you express more nuanced predictions and see full probability distributions. Learn more: Skepsis vs Polymarket →What do I need to get started?
Just a Google account — or a Sui wallet if you prefer. On testnet:- ✅ Free test USDC from faucet
- ✅ No gas fees (we sponsor them)
- ✅ No real money required
Trading
How do I place a bet?
- Choose a market
- Select your range (where you think the outcome will land)
- Enter your bet amount
- Review your quote (see exact payout)
- Confirm the transaction
What happens to my money when I bet?
Your USDC goes into the market’s liquidity pool. In return, you receive “shares” representing your position. If the outcome lands in your range, each share is worth $1. If not, they’re worth $0.Can I sell my position before resolution?
Yes! You can sell your shares at any time before the market closes. The amount you receive depends on current market prices.What if I forget to claim my winnings?
You have 90 days after resolution to claim. After that, unclaimed funds go to the protocol treasury. Set a reminder!Odds & Payouts
How are odds calculated?
Odds are determined by the LMSR algorithm based on current betting activity:- More bets on a range → Higher probability → Lower odds
- Fewer bets on a range → Lower probability → Higher odds
What does “3.5x odds” mean?
If you bet $100 at 3.5x odds:- If you win: You receive $350
- If you lose: You receive $0
Are payouts guaranteed?
Yes! This is called “deterministic payouts.” The moment you place your bet, your potential payout is locked in. Future bets by others don’t change your payout. Learn more: Deterministic Payouts →What if the outcome is exactly on my range boundary?
Boundaries are lower-inclusive, upper-exclusive:- Range: 97,000
- $96,000.00 → ✅ In range
- $96,999.99 → ✅ In range
- $97,000.00 → ❌ Not in range (belongs to next bucket)
Markets
What types of markets are available?
- Price markets: BTC, ETH, and other asset prices
- Date markets: Product launches, event dates
- Measurement markets: Weather, economic indicators
Who creates markets?
Currently, markets are created by the Skepsis team and approved creators. Permissionless market creation is on the roadmap.What determines the outcome?
Oracles report the actual outcome:- Price markets → Pyth/Chainlink price feeds
- Weather markets → NOAA official data
- Event markets → Official announcements
What if the oracle is wrong?
There’s a 24-hour dispute window after resolution. If you have evidence the outcome was reported incorrectly, you can submit a dispute.Fees & Costs
What are the fees?
- Trading fee: 0.3% of each bet
- Gas fee: ~$0.001 per transaction (paid in SUI)
Where do fees go?
Fees are split between:- Protocol treasury (30%)
- Market creators (30%)
- Liquidity providers (40%)
Technical
Is Skepsis decentralized?
Mostly. The smart contracts are deployed on Sui blockchain and handle all trading/settlement logic. Market creation and some parameters are currently controlled by the team.Is the code open source?
Yes! Our smart contracts are open source and auditable.What blockchain is Skepsis on?
Skepsis is built on Sui, a high-performance Layer 1 blockchain with sub-second finality and low fees.Do I need to KYC?
No. Skepsis is wallet-based with no identity verification required.Safety
Can the market run out of money?
No. The LMSR algorithm mathematically guarantees that the pool can always pay all winners. The system is designed to remain solvent under all conditions.What if Skepsis disappears?
Your funds are in smart contracts on Sui blockchain, not held by Skepsis company. As long as the blockchain exists, your positions exist.Are smart contracts audited?
[Coming soon - link to audits]Problems & Support
My transaction failed. What happened?
Common causes:- Insufficient SUI for gas
- Insufficient USDC for bet
- Market already closed
- Network congestion
I won but can’t claim. What do I do?
- Make sure the market has resolved
- Check that the outcome was in your range
- Ensure you have SUI for gas
- Try refreshing and reconnecting wallet
Where can I get help?
- Telegram: Join our server
- @X: @skepsis_market
- Email: team@skepsis.live
More Questions?
Can’t find your answer? Ask in our Telegram — the community is helpful!Start Predicting
Ready to try it? Launch Skepsis →