Whitepaper

Nooob is a decentralized prediction market platform built on blockchain technology that enables users to trade on the outcomes of real-world events. By leveraging smart contracts and automated market makers (AMM), we provide a transparent, secure, and censorship-resistant platform for forecasting future events. Our platform addresses key limitations of traditional prediction markets including centralization risks, lack of transparency, geographical restrictions, and slow settlement times. Through the use of blockchain technology, we create a global, permissionless marketplace where collective intelligence can be harnessed to generate accurate probability assessments of future events.

Prediction markets have long been recognized as powerful tools for aggregating information and forecasting future events. By allowing participants to trade on outcomes, these markets harness the "wisdom of the crowd" to generate probability estimates that often outperform traditional forecasting methods. However, traditional prediction markets face significant challenges: • Centralized control and single points of failure • Geographic restrictions and regulatory barriers • Lack of transparency in market operations • Slow and costly settlement processes • Counterparty risk and trust requirements Nooob addresses these challenges by building a fully decentralized prediction market infrastructure on blockchain technology, enabling truly global, transparent, and trustless participation.

The current landscape of prediction markets is fragmented and limited by several critical issues: Centralization Risks Traditional prediction markets rely on centralized operators who control market creation, resolution, and fund custody. This creates single points of failure and requires users to trust the platform operator. Limited Access Geographic restrictions and regulatory requirements prevent global participation, limiting the diversity of perspectives and reducing market efficiency. Transparency Issues Opaque operations make it difficult for users to verify fair market mechanics, pricing algorithms, and resolution processes. Settlement Inefficiencies Traditional platforms often have lengthy settlement periods and high fees, reducing the appeal for both traders and liquidity providers. Trust Requirements Users must trust platform operators with their funds and rely on them for fair market resolution, creating counterparty risk.

Nooob provides a comprehensive solution through blockchain-based infrastructure: Decentralized Architecture All market operations, from creation to resolution, are executed through audited smart contracts on the blockchain. No central authority can censor, manipulate, or freeze user funds. Automated Market Making Our AMM algorithm ensures continuous liquidity and fair pricing based on supply and demand dynamics. Prices automatically adjust to reflect market sentiment. Non-Custodial Design Users maintain full control of their funds through their Web3 wallets. The platform never holds user assets—all funds are locked in transparent smart contracts. Instant Settlement When markets resolve, payouts are automatically calculated and distributed by smart contracts without human intervention, eliminating delays and reducing operational costs. Global Access Anyone with an internet connection and Web3 wallet can participate, removing geographic barriers and enabling truly global prediction markets.

Nooob is built on a modular smart contract architecture: Market Factory The Market Factory contract enables permissionless creation of new prediction markets. Each market is deployed as a separate contract instance with configurable parameters including: • Question/event description • Resolution deadline • Outcome options (binary or multiple) • Fee structure Market Contracts Individual market contracts handle all trading operations: • Share minting and burning • Price calculations via AMM • Position tracking • Payout distribution Oracle System Market resolution relies on a robust oracle system that: • Aggregates data from multiple sources • Implements dispute resolution mechanisms • Ensures accurate outcome determination Treasury System The treasury manages platform operations: • Fee collection and distribution • Liquidity incentives • Protocol upgrades

Nooob employs a Constant Product Market Maker (CPMM) model for price discovery: Pricing Algorithm Market prices are determined by the ratio of shares for each outcome. As users buy shares for a particular outcome, its price increases proportionally, reflecting higher implied probability. Share Mechanics • Users purchase shares representing their predicted outcome • Share prices range from 0 to 1 (0% to 100% implied probability) • Winning shares are redeemable for the full payout • Losing shares become worthless upon resolution Fee Structure • Trading fees: Small percentage on each transaction • Resolution fees: Minimal fee for market resolution • All fees are transparent and hardcoded in smart contracts Liquidity Provision • Initial liquidity is provided at market creation • AMM ensures continuous trading availability • No order books or matching required

Security is paramount in Nooob's design and operations: Smart Contract Security • Comprehensive code audits by reputable security firms • Formal verification of critical contract logic • Bug bounty program for responsible disclosure • Time-locked upgrades with community governance Operational Security • Multi-signature requirements for administrative functions • Gradual rollout of new features • Emergency pause mechanisms • Regular security assessments User Security • Non-custodial architecture • No private key storage • Transparent contract interactions • Clear transaction previews

Nooob development follows a phased approach: Phase 1: Foundation (Completed) ✓ Core smart contract development ✓ Binary market implementation ✓ Web application launch ✓ Initial security audits Phase 2: Expansion (Current) • Multi-option market support • Enhanced oracle integration • Mobile-responsive improvements • Community growth initiatives Phase 3: Advanced Features • Secondary market trading • Limit orders • Portfolio analytics • API for developers Phase 4: Ecosystem Growth • Cross-chain deployment • Governance implementation • Partner integrations • Advanced market types

Nooob represents a significant advancement in prediction market technology. By combining blockchain's transparency and security with sophisticated market mechanics, we've created a platform that: • Removes barriers to global participation • Ensures fair and transparent operations • Provides instant, trustless settlement • Maintains user control of funds • Enables accurate collective forecasting We believe prediction markets have immense potential to improve decision-making across society, from business planning to policy development. Nooob aims to unlock this potential by making prediction markets accessible, reliable, and truly decentralized. Join us in building the future of forecasting.