Blockchain & Technical Terms

Automated Market Maker (AMM)

A decentralized exchange mechanism that uses algorithmic pricing based on supply and demand rather than traditional order books. CalledIt uses a Fixed Product Market Maker model, a particular type of AMM.

Blockchain

A decentralized, distributed ledger technology that records transactions across multiple computers. CalledIt operates on blockchain infrastructure to ensure transparency and immutability.

Decentralized

Operating without central authority or control. CalledIt's markets are powered by smart contracts and community participation rather than a central company setting odds.

Fixed Product Market Maker (FPMM)

An algorithmic pricing mechanism that maintains a constant mathematical relationship between different outcome pools. This ensures continuous liquidity and fair pricing.

Liquidity Pool

A collection of funds locked in a smart contract that enables trading. In CalledIt, these pools provide continuous liquidity for buying and selling shares.

Non-Custodial

A system where users maintain control of their own funds rather than depositing them with a third party. CalledIt never holds user funds.

Oracle

A system that provides external data to blockchain applications. CalledIt uses oracles to determine match outcomes and resolve markets automatically.

Smart Contract

Self-executing contracts with terms directly written into code. CalledIt uses smart contracts to automate market operations, pricing, and payouts.