1) What is Myriad Markets?
- Myriad Markets is an online platform where people make predictions about real-world events.
- Example predictions: “Will the price of Bitcoin go above $100,000 by the end of the year?” or “Which team will win the World Cup?”
- If you predict correctly, you can win rewards. If you predict wrong, you lose what you staked.
2) Two Kinds of Currency on Myriad (what you need to know)
- Points — free tokens you earn by doing small tasks inside the app.
Points let you play for practice and can improve your standing on leaderboards.
Points are mostly for farmed rewards and may later be converted into the platform token if the project launches one.
You cannot withdraw Points as cash until the platform says you can.
This is what we are mainly gunning for, as most companies in the crypto space ends up giving huge rewards for being early participants.
The VCs backing the project needs to find a way to enable liquidity as they need to cash out too, so...yea you know how this goes.
- Real money (USDC) — a stable digital dollar used for real bets. If you win with USDC, you can cash out or use that money elsewhere. Think of this like using real dollars to place bets.
3) Step-by-Step: How to Get Started (beginner friendly)
- Create an account
- Visit the official Myriad Markets site.
- Sign up with an email and verify it.
- Do not share passwords or seed phrases with anyone.
-
Explore the dashboard
- Look for sections named “Markets” (where you place predictions), “Earn” or “Quests” (where you can collect Points), and “Wallet” (your balances).
- Take a tour of the site — most platforms show tutorial popups for new users.
-
Start with Points (no money at risk)
- Find the “Earn” or “Daily Claim” area. Click to collect your free Points every day.
- Complete short quizzes or simple tasks that give extra Points. This is a safe way to learn the interface.
-
Practice placing a Point bet
- Pick a market that looks straightforward (for example, a sports game). Choose “Yes” or “No” and stake a small number of Points.
- Watch how the outcome resolves. This teaches you how payout and timing works without risking money.
-
Add a small USDC deposit only when ready
- If you want to place real-money bets, deposit a small amount — only what you can afford to lose.
- Use a trusted wallet and follow the platform’s deposit instructions carefully.
4) Simple, Safe Strategies for Beginners
These are honest ways to improve your chances and make the experience worthwhile.
A. Use Points to Learn and Build Confidence
- Use Points to practice different market types (sports, crypto, politics) before using real money.
- Points let you learn about payout mechanics, how odds change, and how to manage risk.
B. Bet Small and Decide Your Limit
- When you switch to real money, decide a daily or weekly spending limit before you start.
- Example: start with $10–$50 and only increase when you consistently win and understand the markets.
C. Do Basic Research Before Betting
- For sports: check recent team form and injuries.
- For markets tied to crypto or finance: read trustworthy news and check market charts.
- Don’t follow hype — use facts.
D. Use the Platform’s Social Tools Responsibly
- Myriad usually shows popular bets or top traders. Use that to learn, not to copy blindly.
- If you follow others’ bets, treat it as education, not a guarantee.
E. Earn Through Referrals the Honest Way
- If the platform offers a referral bonus, invite friends you actually know and help them sign up.
- Be transparent about any benefits you receive.
5) Leaderboards and Tournaments (how to participate fairly)
- Leaderboards reward consistent, transparent participation. You can climb by doing many legitimate bets and completing tasks.
- Tournaments often offer Points or token prizes. They can be a good way to multiply earnings if you understand the rules.
- Play to win, not to manipulate: participate within the platform’s terms.
6) Common Beginner Mistakes and How to Avoid Them
- Mistake: Chasing losses by betting more money.
Fix: Stop when you reach your loss limit for the day. Walk away and review your strategy.
- Mistake: Following viral tips without research.
Fix: Treat social media tips as ideas, not instructions — verify with other sources.
- Mistake: Depositing more than you can afford to lose.
Fix: Only deposit money you are comfortable losing.
7) Helpful Tools and Resources for New Users
- News sites and official project accounts — for updates and announcements.
- Simple market trackers — free charting tools to watch price trends (for crypto-based markets).
- A spreadsheet or notebook — track your bets, stake sizes, and outcomes to learn patterns.
- Community spaces — official forums or groups can provide tips, but always verify.
8) Safety, Legal, and Tax Notes (important)
- Rules: Read and follow Myriad’s terms of service. Breaking rules can get you banned.
- Privacy: Never share wallet keys, passwords, or account details.
- Taxes: Winnings may be taxable income where you live. Keep records of deposits and withdrawals and consult a tax professional for guidance.
9) A Simple Weekly Routine for Consistent Earning (example)
- Daily: Log in, claim Points, do one quiz. (10–20 minutes)
- 3x per week: Place one small, researched USDC bet. (30–60 minutes)
- Weekly: Review your spreadsheet; adjust your strategy. (30 minutes)
- Monthly: Decide whether to increase your staking amount based on results and comfort.
10) Final Advice for Beginners
- Start slow, learn the system using Points, and only use real money after you understand how markets move.
- Treat Myriad like a skill you can improve — track your performance and adjust.
- Play responsibly and within the platform’s rules. Honest players build long-term results and avoid trouble.
