OneSwap, a decentralized buying and selling platform, will launch a brand new characteristic known as Prediction on April 29, 2022, and BTC/USDT would be the first prediction market the place customers can win prizes by betting on the value pattern of BTC/USDT. Prediction comes with an preliminary prize pool of as a lot as 1 million CET. In the meantime, OneSwap may also launch the “Win Charge Rating Reward Recreation” that may permit customers to obtain double rewards.
Predict to Earn: How Prediction Works
- Log in to OneSwap (https://www.oneswap.internet/cet/prediction), and choose CSC;
- Connect with MetaMask, OneSwap Pockets, or a pockets that helps WalletConnect;
- Go to Prediction, decide an out there module, and click on on “Going Up” or “Going Down” to position a wager;
- Enter the CET quantity of the wager (vary: 10 CET – 10,000 CET per spherical per handle), and click on on Submit. After a wager is submitted, it might now not be modified or canceled.
As soon as a wager has been submitted, the person wants to attend for the present spherical to finish. If a person wager on the best worth pattern, he’ll get again his wager and earn prizes (be aware: customers might withdraw their prizes for a number of rounds cumulatively, and prizes will stay legitimate indefinitely); if he wager on the improper worth pattern (i.e. he wager on the other way or the Locked Worth equals the Settlement Worth), then the wager can be transferred to the prize pool.
Right here, we’ll illustrate how prizes are distributed through two examples:
Allow us to suppose the transaction price stands at 5%, and the preliminary prize pool accommodates 1,000,000 CET.
The primary spherical:
Of the 2 individuals, one wager 10,000 CET and gained; the opposite wager 5,000 CET and misplaced.
- Winner: Preliminary Wager + Prize (with the transaction price subtracted) =10,000+10,000×0.95 = 19,500 (CET);
- Loser: 0;
After the primary spherical, the prize pool now accommodates 1,000,000-9,500+5,000 = 995,500 (CET).
Suppose the transaction price stays at 5%, and the preliminary prize pool now accommodates 995,500 CET.
The second spherical:
Among the many 201 individuals, 200 wager 10,000 CET every and all gained, and one participant wager 5,000 CET and misplaced. On this case, since there’s not sufficient CET within the prize pool for all of the 200 winners (9,500 CET per winner), the successful customers will share all CET within the prize pool, with the transaction price subtracted, based on the betting ratio.
- Winners: Preliminary Wager + Prize (the prize pool shared by the betting ratio, with the transaction price subtracted) = 10,000+995,500*0.95/200=14,728.625 (CET)；
- Loser: 0;
After the second spherical, the prize pool now accommodates 995,500*0.05+5,000=54,775 (CET)
- If all CET prizes within the prize pool are gained, the sport can be suspended, and the administrator will begin the sport after replenishing CET.
- When the value feeding mechanism of Prediction is suspended (crypto costs are unavailable on the finish of a spherical), the prediction contracts wouldn’t be capable to run any operations, and the sport can be suspended. In such instances, the wager of individuals within the present spherical can be returned on the finish of the spherical.
Particular Guides: https://assist.oneswap.internet/hc/en-us
Turn out to be High Winners & Win Unbelievable Rewards
Along with Prediction, OneSwap will introduce the Win Charge Rating Reward Recreation on the similar time. Customers can join the occasion earlier than 9:00 AM, Could 6 (UTC), and the highest three winners who’ve positioned at least 50 bets will obtain 1,000 CET, 600 CET, and 400 CET, respectively.
The successful information of all customers who’ve made a wager through Prediction can be lined by the Win Charge Rating. In the meantime, customers might preserve observe of their Successful Charge by checking their bets and successful information by “Evaluation” in “Historical past”.
Breaking the Excessive DEX Threshold: OneSwap Launches “Predict to Earn”
Over the current years, CEXes and DEXes have at all times remained rivals. Although DEXes have made exchanges safer, they arrive with extra difficult operations and are much less user-friendly in contrast with CEXes, which has scared away many potential customers.
When it comes to product design, Prediction displays the thought of “simplicity”. By gamifying this new characteristic, OneSwap permits most customers to take part in Prediction with ease, which lowers the bar of the DEX and makes it extra user-friendly. Furthermore, counting on their market insights, customers will be capable to revenue from market swings through Prediction forward of others.
Proper now, DEXes are now not confined to buying and selling. As an alternative, they’re shifting in direction of higher effectivity and established ecosystems. As a DEX, OneSwap strives to change into extra modern, optimized, environment friendly, and safe. The launch of Prediction will create a brand new incomes mannequin: Predict to Earn, deliver extra range to the DEX ecosystem, and supply extra satisfying DeFi experiences for customers. By means of innovation, OneSwap has identified a brand new course for the event of DEX ecosystems, and Predict to Earn is more likely to begin one other crypto increase.