For Appellants

Appellants are responsible for identifying and reporting incorrect answers from already resolved bets by Market Validators. Anyone can become an Appellant to help detect prediction markets that, in rare cases, may have been resolved incorrectly.

Some key characteristics of Appellants include:

1. Report incorrect answers: In order to report such incident, the user must lock a small % of the total bet size in $EARN token. This ensures that the case, which will take time to be analysed and 're-resolved', is worth spending on. Initially, this appeal will be analysed by an internal Earn Network team. In the later stages, a dedicated quorum of rotated ambassadors will be selected. They will also gain rewards from the market fees.

2. 12 Hours to Appeal: Once the prediction market reaches consensus through Market Validators, the clock starts ticking. Anyone who wishes to challenge the selected outcome can initiate the appeal process. The countdown stops when the final appeal case is reviewed. During this period, all funds remain locked in the smart contract and cannot be withdrawn by anyone.

3. Gain market fees: As an Appellant you put your $EARN stake to the appeal not only to make your appeal worthy of analysis, but also to earn fees when your appeal is correct. These fees will be taken from Market Validators that haven't responded correctly in the prediction market.