Because the exterior components turn into extra unsure for the reason that first quarter of 2022, the crypto market has stored fluctuating. Lately, it’s reported that the Federal Reserve may hike up rates of interest by 50 foundation factors in Might, and the crypto market would undergo a pointy worth correction together with the US inventory market. In accordance with various.me, Crypto Concern & Greed Index has seen extensive swings in the course of the previous three months and plummeted at 11 (0 means “excessive worry”). Typically talking, market fears have elevated over the latest interval, and the joy has been dampened, which is said to the latest volatility of the crypto market.
Many traders consider that the crypto market would witness a interval of volatility if the Fed had been to boost rates of interest by a scale that exceeds market expectations in Might. That mentioned, couldn’t we revenue from market swings?
In truth, traders can nonetheless revenue throughout market swings. PREDICTION, which is a brand new function that OneSwap will quickly launch, permits traders to wager on crypto rises/falls and win prizes. With PREDICTION, traders will have the ability to revenue whether or not the crypto worth goes up or down.
Revenue from PREDICTION regardless of market swings
In accordance with official information, OneSwap will introduce a brand new function referred to as “PREDICTION” on April 29. After the operate is launched, traders who maintain CET can simply win prizes by betting in the marketplace pattern of a sure crypto per spherical (each ten minutes).
Suppose that OneSwap opens a BTCUSDT prediction market, and customers might then predict the USDT value of BTC 10 minutes later and select “Guess on rise” or “Guess on fall” and submit the quantity of wager (CET). The wager could be briefly deposited into the Prize Pool till the top of the spherical, and winners can get again their wager and earn prizes.
As PREDICTION solely accepts CET, OneSwap will even kick off a Prediction Trial Fund Competitors that provides free CET trial funds to customers on April 23. Please comply with OneSwap on Twitter (@OneSwap: https://twitter.com/OneSwap) to remain up to date.
Exercise web site:https://gleam.io/competitions/ccSRs-oneswap-prediction-trial-fund-competition
After this new function goes dwell, OneSwap will even launch the “Win Charge Rating Reward Recreation” that can final from April 29 to 09:00 on Might 6 (UTC). The successful data of all customers who’ve made a wager by way of PREDICTION throughout this era will likely be coated by the Win Charge Rating. After the occasion ends, the highest 3 winners who’ve positioned at least 50 bets will obtain unimaginable CET rewards.
In accordance with the official bulletins, OneSwap will kick off a sequence of occasions regarding the brand new operate over the latest interval. All customers who adopted @OneSwap on Twitter might win the next rewards:
- Accumulate CET trial funds for PREDICTION on April 23;
- Earn prizes by betting on worth traits by way of PREDICTION on April 29;
- The highest 3 winners of the Win Charge Rating Reward Recreation who’ve positioned not less than 50 bets earlier than Might 6 will get CET rewards.
Drive development via innovation & construct a thriving DeFi ecosystem
OneSwap is a totally decentralized transaction protocol based mostly on good contracts. It doesn’t require permission to checklist tokens and helps automated market-making (AMM) and the order e book. As well as, OneSwap improves user-platform interactions by way of the built-in OneSwap Pockets, offering one-stop transaction experiences.
Since its inception on September 19, 2020, OneSwap has been operating safely and stably on a number of public chains, overlaying ETH, CSC, TRON, and BSC. Furthermore, it has continued to introduce progressive options and optimize current capabilities to create differentiated benefits. Not like different liquidity mining merchandise, OneSwap has launched an AMM-based on-chain order e book enabled by good contracts, which will increase the liquidity of customers’ crypto belongings and solves the liquidity challenges going through DeFi. When it comes to good contracts, OneSwap makes use of a versatile information construction to reduce fuel charges for customers and cost decrease transaction charges. In February 2022, OneSwap launched multi-crypto merged mining, which permits customers to mine extra sorts of cryptos. PREDICTION, a brand new OneSwap operate coming quickly, helps traders win prizes via crypto volatility and can begin a betting spree after it goes dwell.