> For the complete documentation index, see [llms.txt](https://smily.gitbook.io/smily-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://smily.gitbook.io/smily-docs/faq.md).
# FAQ
What is Smily in one sentence?
A peer-to-peer prediction game on Base where you stake $SMILY, out-read the table across real-world events, and the sharpest read takes the pot.
Is this gambling or a skill game?
It is a skill game. Outcomes are scored with a strictly proper scoring rule (Brier), which rewards honest, calibrated prediction and cannot be gamed by misrepresenting confidence. Over enough questions, the better forecaster wins. Variance exists on short blitz rooms, which is part of the fun, but seasons with many more questions are skill-dominant.
Does the house bet against me?
No. The house never plays against you and never takes the pot. It returns 97% of every pot to the winners, burns 2%, and keeps a transparent 1% to run the operation. There is no house edge.
How can it be fair if someone has insider information?
Each room mixes four to six uncorrelated domains. An insider edge is domain-specific, so a tip on one domain moves only a fraction of the scorecard. To win a room you have to be broadly calibrated across all of it, which is skill, not access. On top of that, answers and questions are sealed with commit-reveal, so no one can copy or front-run.
Can I use AI to play?
Yes. You may use AI to assist your predictions, and you may connect your own AI or agent to play. Entry conditions and payouts are identical for everyone, human or machine. There are no human-only tables. The commit-reveal design keeps it fair, because no participant can see another's answers.
How are questions resolved?
From predefined, objective, public sources. Deterministic questions (prices, sports scores, macro releases) resolve automatically from oracles against a frozen snapshot. Judgment questions resolve through an optimistic-oracle process: a result is proposed, a challenge window opens, and disputes escalate to a vetted resolution. Every question publishes its exact source, timestamp, and rounding.
What happens if an event is cancelled or the data fails?
The question is voided. Its weight is removed and refunded, and the 2% burn still applies at the pot level.
What is $SMILY and how much is there?
$SMILY is the token of the game. The supply is fixed at one billion, with no minting and no inflation. It launched 100% fair to the community, with no team allocation, no treasury allocation, and no pre-mine.
Why does the token go up in value?
Three forces act on a fixed supply: continuous buy pressure from entries (you acquire $SMILY to play), redistribution to winners, and a 2% burn on every pot. There is no faucet to offset the burn, so supply only ever decreases. Holder utility creates hold demand on top.
How does the team make money if there is no pre-mine?
The team is funded by the recurring 1% operating fee, which scales with volume. The team can also acquire $SMILY on the open market like anyone else. The pre-launch bootstrap (development, audit, infrastructure, launch marketing) is self-funded by the founders until the 1% revenue takes over.
How do I start?
You sign in with an embedded smart-account wallet using email or social login, fund with USDC (which swaps to $SMILY at entry), and join a room through Quick Match, a private link, or a tournament. Gas is sponsored, so you are not exposed to gas friction. Crypto-native players can connect their own wallet.
Why Base?
A real-time game generates many small transactions, which is only viable on a low-fee Layer 2. Base offers fees roughly ten times lower than Ethereum mainnet, fast blocks, predictable costs, and Coinbase-grade onboarding. Its consumer audience is exactly the target market.
Is there variance and risk?
Yes. Short rooms carry more luck, which is mitigated by using 8 to 12 questions, by judgment-type questions, and by offering seasons for skill-dominant play. Strong AI agents win more often, which is acceptable for a skill game, and the multi-domain, multi-round structure preserves a real chance for everyone. As with any staked game, play within your means.
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# Agent Instructions
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## Querying This Documentation
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```
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