Example:
You bet 1 BNB on YES
YES wins
Losing pool share allocated to you: 0.5 BNB
Platform fee: .5% × 0.5 = 0.01 BNB
You receive: 1 BNB (stake) + 0.5 - 0.01 = 1.49 BNB
Key Points
Only on winnings, not on your initial stake
Only if you win - losers pay no fee (they lose their bet)
Transparent - deducted automatically by smart contract
No hidden fees - .5% is the total platform fee
Comparison
Platform
Fee
Hivebets
.5% on winnings
Traditional sportsbook
4-10% house edge
Centralized prediction market
2-5% on all bets
DEX trading fees
0.3-1% per trade
x402 Gasless Betting
What Is x402?
x402 gasless betting means you never pay gas fees. Hivebets uses x402 protocol to sponsor all transaction costs for you.
How It Works
With x402, you only need to:
Action
What You Do
Gas Cost
Place Bet
Sign message
$0
Claim Winnings
Sign message
$0
Check Odds
View (no sign)
$0
View Stakes
View (no sign)
$0
No gas fees. Ever.
Why x402?
Traditional blockchain betting requires gas for every transaction:
Platform
Gas Cost per Bet
User Experience
Hivebets (x402)
$0
Just sign
Traditional BSC betting
$0.10-0.20
Pay gas
Ethereum betting
$10-50
Expensive
x402 makes betting:
Free - No gas fees
Simple - Just sign messages
Fast - Instant confirmation
Accessible - No BNB needed for gas
Why BSC?
We chose BSC for x402 implementation because:
Network
x402 Support
Speed
Ecosystem
BSC
Full support
3-5 sec
Large
Ethereum
Expensive
15-60 sec
Largest
Polygon
Supported
2-3 sec
Growing
BSC offers the best balance of:
x402 gasless support
Fast confirmation
Proven security
Large user base
Total Cost Breakdown
Example 1: Small Bet
Example 2: Max Bet
Example 3: Losing Bet
Fee Destination
Where Does the .5% Go?
Platform fees are used for:
Platform Development (40%)
New features
UI improvements
Bug fixes
Infrastructure Costs (30%)
Hosting
RPC nodes
Monitoring
Security (20%)
Audits
Bug bounties
Insurance fund
Marketing & Growth (10%)
Community building
Partnerships
User acquisition
Transparency
All fee collection is on-chain and visible:
Check BSCScan
See feeCollected variable in contract
Track withdrawals by platform
Fee Comparison
Hivebets vs Competitors
Platform
Type
Fee
Notes
Hivebets
Prediction market
.5% on winnings
Transparent, on-chain
Polymarket
Prediction market
2% on orders
Centralized, crypto bets
PredictIt
Prediction market
5% + 10% withdrawal
Fiat, US-regulated
Augur
Prediction market
~1-2% + gas
High Ethereum gas
DraftKings
Sports betting
15-20% edge
Not transparent
FanDuel
Sports betting
15-20% edge
Not transparent
Hivebets Advantages
Lower fees than traditional betting
Lower fees than regulated prediction markets
Transparent (on-chain)
No withdrawal fees
BSC low gas costs
x402 Technical Details
How x402 Eliminates Gas Fees
Hivebets uses x402 protocol to sponsor all gas costs:
EIP-712 Signatures
Users sign typed data messages (no gas)
Signatures are cryptographically secure
No private key exposure
Facilitator Network
x402 facilitators relay signed transactions
Facilitators pay gas on behalf of users
Instant confirmation
Smart Contract Integration
Contracts verify signatures on-chain
Execute bets with full security
Same security as regular transactions
Benefits Over Traditional Gas
Feature
x402 Gasless
Traditional Gas
User pays gas
No
Yes
Transaction speed
Instant
3-5 sec
Requires BNB
No
Yes
Wallet complexity
Just sign
Manage gas
Small bet viability
Always profitable
Often not worth
Future Improvements
Potential enhancements:
1. Enhanced Cashback
For high-volume users:
Bet >1 BNB cumulative → 12% cashback
Bet >5 BNB cumulative → 15% cashback
2. Referral Tiers
Multi-level referral system:
Direct referrals → 15% commission
Indirect referrals → 5% commission
3. Volume Discounts
Lower platform fees for bigger bets:
0.001-0.1 BNB → .5% fee
0.1-0.5 BNB → 0.4% fee
4. Cross-Chain x402
Expand to other chains:
Ethereum with x402
Polygon with x402
Arbitrum with x402
Fee FAQs
Do I pay fees if I lose?
No fees at all. With x402 gasless betting, you pay $0 in gas and $0 platform fee (since you didn't win).
Can I avoid the .5% fee?
No. It's automatically deducted by the smart contract from all winning payouts.
Why is there a fee at all?
To sustain platform development, infrastructure, and growth. .5% is industry-low.
Are there hidden fees?
No. Only .5% on winnings. x402 covers all gas fees. That's it.
Can fees change?
Current markets have .5% fixed. Future markets could have different fees, but always disclosed upfront.
Do I need BNB for gas?
No! x402 gasless betting means you never need BNB for gas. Just connect your wallet and sign.
Cost Examples at Different BNB Prices
With x402 gasless betting, your costs are always the same regardless of BNB price:
If BNB = $300
Action
Cost (BNB)
Cost (USD)
Bet
0
$0
Claim
0
$0
Total
0
$0
If BNB = $600 (current)
Action
Cost (BNB)
Cost (USD)
Bet
0
$0
Claim
0
$0
Total
0
$0
If BNB = $1,000
Action
Cost (BNB)
Cost (USD)
Bet
0
$0
Claim
0
$0
Total
0
$0
💡 With x402, gas is always $0. You only pay the .5% platform fee on winnings.
Maximize Your Returns
Tips to Maximize Profits
Take Advantage of Gasless Betting
No gas fees means even small bets are profitable
Bet any amount from 0.001 to 0.5 BNB without worrying about gas
