> For the complete documentation index, see [llms.txt](https://docs.goodog.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.goodog.io/gbet.md).
# GBet
🎉 Predict ETH Trend and Win with GD! 🎉
Here’s how it works:
1. **Place Your Bet**: Bet with $GD on whether ETH’s price will rise (UP) or fall (DOWN) within the next day.
2. **Fair & Safe**: GBET is a **non-custodial**, **open-source** smart contract, meaning you control your funds at all times.
3. **How Winners Are Decided**: If you’re on the winning side, you’ll share the losing bets! 💸
4. **Burn & Commission**: 8% of the losing bets will be burned, and 2% will go to the protocol’s treasury (commission fee).
5. **Adjustable Settings**: We’re open to feedback! The betting rules and parameters can be adjusted based on what the community wants.
💡 **Important Info:**
* The first 10 **rounds** will be created **hourly** for experience, and you can start placing your bets now!
* Starting from the 11 **round**, we will switch to a **daily cycle**. The **next round** will be created at **00:00 UTC on May 13**, and you can place bets for the next **24 hours**.
