XO Market Review: Turn your beliefs into tradable assets

Prediction markets have long promised to harness collective intelligence, but traditional models often restrict who can create markets and what topics are considered worthy of attention. As a result, many niche, emerging, or community-driven insights remain unpriced and invisible. XO Market introduces a new paradigm—conviction markets—designed to break these limitations and expand what prediction markets can be. Read this XO Market Review to know more about the platform in detail.

What is XO Market?

XO Market is the world’s first conviction marketplace, enabling anyone to create and trade markets based on their level of confidence in a particular outcome. Unlike traditional prediction markets, where market creation is controlled by centralized entities, XO allows users to directly express conviction by staking financial value—either by launching a new market or trading shares within an existing one.

In a conviction market, confidence itself becomes signal. Participants don’t just speculate; they back their beliefs with capital, surfacing valuable information and incentivizing accurate insights. This structure brings liquidity and price discovery to topics that are often overlooked or underserved by conventional prediction platforms, including niche communities and emerging narratives.

As part of its early rollout, XO Market has launched an invite-only Alpha on testnet. The Alpha provides a risk-free environment where users receive pre-funded test tokens (tUSDC, tSOL, tTIA) to explore XO’s core features. Participants can trade instantly, observe real-time pricing, and experience transparent market resolution—while contributing feedback that helps shape the platform ahead of its public release.

With conviction markets, XO Market aims to redefine how information is priced, shared, and validated—putting market creation directly into the hands of the people who care most about the outcomes.

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XO Market Review: How to get started

Getting started on XO Market Alpha is simple and designed to be beginner-friendly. Since the platform is currently in its invite-only testnet phase, you’ll need an invite code before accessing the app. Once you have one, follow these steps to begin trading:

1. Sign Up or Log In

Visit the XO Market Alpha and click “Sign In.” You can log in using email, Google, Twitter/X, or by connecting a crypto wallet. XO uses an authentication service called Privy, which automatically creates a secure, non-custodial wallet for you if you don’t already have one. No manual wallet setup is required.

2. Enter Your Invite Code

After signing in, you’ll be prompted to enter your invite code. Since this is the Alpha phase, the platform remains gated. Once a valid code is entered, you’ll gain full access to the app.

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3. Receive Test Funds

Upon entry, XO credits your account with pre-funded test tokens so you can trade without risk. New Alpha users currently receive:

• 1,000 tUSDC
• 100 tTIA
• 10 tSOL

These tokens are strictly for testing within the Alpha environment and hold no real-world value—think of them as play money to explore the platform freely.

4. Explore Markets and Start Trading

With test funds available, you can begin browsing live markets. Click on any market to view its description, resolution criteria, and price chart. To trade, choose YES or NO, enter the amount you want to stake, and confirm. Trades execute instantly using XO’s automated market maker.

You can track open positions and performance in your Portfolio, accessible from your profile. Since the Alpha is risk-free, you’re encouraged to experiment across multiple markets and observe how prices respond.

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5. Engage With the Community

Beyond trading, XO Market includes social features such as commenting on markets, sharing market links, and posting your trades. After each trade, XO generates a shareable image showing your position, making it easy to discuss insights with others. The Alpha phase is focused on experimentation and feedback, so community engagement is highly encouraged.

After completing these steps, you’re fully onboarded and actively using XO Market. Explore freely, test ideas, and help shape the future of conviction markets before the platform’s public launch.

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XO Market Review: How do I make my first trade on XO Market?

• Browse or search markets: Visit the Markets page to explore trending, featured, and newly created markets, each showing the question, description, current odds, and a quick price chart.
• Select a market: Click a market to review full details, including resolution criteria, timeline, and recent price action.
• Choose your conviction: Decide between YES or NO based on current prices (which reflect implied probability) and where you believe the true outcome lies.
• Enter your trade: Select YES or NO, input the amount to stake, and review the displayed cost, implied probability, and potential payout.
• Confirm and execute: Click Trade to execute instantly via XO’s automated market maker—no counterparties, no delays.
• Track positions: Monitor active trades and profit/loss in your Portfolio, and adjust by buying or selling at current prices if your view changes.
• Wait for resolution: Once the event resolves, the XO Oracle finalizes the outcome and payouts are processed automatically and instantly.
• Experiment freely: No minimums, no gas fees, and test tokens during Alpha make it risk-free to learn and explore the platform.

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XO Market Review: Fees

• No gas fees:
  XO Market does not charge blockchain transaction (gas) fees. All trades are executed without additional network costs.
• Protocol market fee (1%):
  A flat 1% fee is applied to the notional value of every trade. This fee goes to the XO protocol treasury and will eventually be governed by the DAO.
• Creator fee (0–1%):
  Market creators can optionally set a creator fee of 0%, 0.5%, or 1%. If enabled, this fee is applied to each trade and paid directly to the market creator as compensation for creating and supporting liquidity.
• Fees collected upfront:
  All applicable fees are embedded directly into the trade price at execution. There are no additional fees charged later when the market resolves.
• No impact on payouts:
  Since fees are collected at the time of trade, your final payout is not reduced when the market resolves.

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Example:

• $100 trade with a 1% creator fee → $2 total fees ($1 protocol + $1 creator)
• $100 trade with a 0% creator fee → $1 total fee (protocol only)

• Refunds on invalid markets: If a market resolves as Invalid or is voided after a successful dispute, the entire trade amount including all fees is automatically refunded to traders.

XO Market Review: Customer Support

If you need help, want to report a bug, or have feedback, the XO team offers multiple official support and communication channels:

• Email Support:
  Reach out directly at [email protected] for questions, bug reports, or general assistance.
• Discord Community:
  Join the XO Market Discord to connect with the team and other traders. Dedicated support channels allow for real-time help, and it’s also the best place for community discussions and platform announcements.
• Twitter (X):
  Contact the team via @xodotmarket for updates, tips, and general inquiries. Major announcements and platform news are regularly shared here.
• Website & Substack:
  Visit xo.market and the XO Market Substack for official documentation, FAQs, announcements, and in-depth articles on new features and product updates.
• Community Tip:
  The XO Discord is highly active, and many issues are resolved quickly by moderators or experienced users. Feedback and feature suggestions are encouraged—the team actively listens and engages with the community.

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XO Market Review: What happens if there is a dispute?

• Challenging a provisional outcome:
  If a user believes a market’s provisional resolution is incorrect or unfair, they can challenge it during the post-resolution challenge window. To do so, the challenger submits an alternative outcome along with supporting evidence and posts a dispute bond.
• Escalation to juror court:
  Once a challenge is raised, the market escalates to a decentralized juror court. A panel of jurors is randomly selected from users who have staked tokens, using a Verifiable Random Function (VRF). Juror selection probability is weighted by the size of each juror’s stake.
• Peer-based adjudication:
  Selected jurors act as community peers entrusted with resolving the dispute. They review all submitted evidence and arguments off-chain to avoid coordination or bias.
• Quadratic voting on-chain:
  Jurors cast their votes on-chain using a quadratic voting mechanism, ensuring balanced influence and discouraging dominance by large individual stakes. A minimum participation quorum is required for the vote to be valid.
• Final outcome determination:
  The jurors’ majority decision determines the final market outcome. If they side with the challenger, the original resolution is overturned; if not, the oracle’s outcome stands.
• Incentives and penalties:
  To encourage honest voting, jurors who vote against the final consensus have a portion of their staked tokens slashed. The slashed tokens are redistributed to jurors who voted correctly and to the successful challenger.
• Settlement and payouts:
  After the dispute concludes, the market is finalized. Smart contracts automatically execute settlement: winning traders receive payouts, the challenger recovers their bond (plus rewards if successful), and juror rewards and penalties are applied.

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Conclusion

XO Market introduces a fresh evolution in prediction markets through its conviction-based model, where users don’t just speculate—they stake confidence behind beliefs that matter to them. By removing centralized gatekeepers, eliminating gas fees, and enabling instant, transparent trading, XO opens the door to niche topics and underserved communities that traditional prediction platforms often ignore. With its invite-only Alpha offering a risk-free environment, XO Market is positioning itself as a community-driven marketplace that rewards insight, conviction, and early participation—laying the groundwork for a more open and expressive future for prediction markets.

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