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 worth 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 Sport” that can enable customers to obtain double rewards.
Predict to Earn: How Prediction Works
- Log in to OneSwap (https://www.oneswap.web/cet/prediction), and choose CSC;
- Connect with MetaMask, OneSwap Pockets, or a pockets that helps WalletConnect;
- Go to Prediction, choose 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 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 suitable worth pattern, he’ll get again his wager and earn prizes (word: customers could withdraw their prizes for a number of rounds cumulatively, and prizes will stay legitimate indefinitely); if he wager on the flawed worth pattern (i.e. he wager on the wrong way or the Locked Value equals the Settlement Value), then the wager will likely be transferred to the prize pool.
Right here, we are going to illustrate how prizes are distributed by way of two examples:
Allow us to suppose the transaction payment stands at 5%, and the preliminary prize pool incorporates 1,000,000 CET.
The primary spherical:
Of the 2 members, one wager 10,000 CET and gained; the opposite wager 5,000 CET and misplaced.
- Winner: Preliminary Wager + Prize (with the transaction payment subtracted) =10,000+10,000×0.95 = 19,500 (CET);
- Loser: 0;
After the primary spherical, the prize pool now incorporates 1,000,000-9,500+5,000 = 995,500 (CET).
Suppose the transaction payment stays at 5%, and the preliminary prize pool now incorporates 995,500 CET.
The second spherical:
Among the many 201 members, 200 wager 10,000 CET every and all gained, and one participant wager 5,000 CET and misplaced. On this case, since there may be 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 payment subtracted, in line with the betting ratio.
- Winners: Preliminary Wager + Prize (the prize pool shared by the betting ratio, with the transaction payment subtracted) = 10,000+995,500*0.95/200=14,728.625 (CET)；
- Loser: 0;
After the second spherical, the prize pool now incorporates 995,500*0.05+5,000=54,775 (CET)
- If all CET prizes within the prize pool are gained, the sport will likely be suspended, and the administrator will begin the sport after replenishing CET.
- When the worth 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 will likely be suspended. In such instances, the wager of members within the present spherical will likely be returned on the finish of the spherical.
Particular Guides: https://help.oneswap.web/hc/en-us
Grow to be High Winners & Win Unbelievable Rewards
Along with Prediction, OneSwap will introduce the Win Charge Rating Reward Sport on the identical time. Customers can join the occasion earlier than 9:00 AM, Could 6 (UTC), and the highest 3 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 by way of Prediction will likely be lined by the Win Charge Rating. In the meantime, customers could maintain observe of their Successful Charge by checking their bets and successful information by means of “Evaluation” in “Historical past”.
Breaking the Excessive DEX Threshold: OneSwap Launches “Predict to Earn”
Over the latest years, CEXes and DEXes have at all times remained rivals. Although DEXes have made exchanges safer, they arrive with extra sophisticated 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 by way of Prediction forward of others.
Proper now, DEXes are 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, carry extra variety to the DEX ecosystem, and supply extra satisfying DeFi experiences for customers. By innovation, OneSwap has identified a brand new course for the event of DEX ecosystems, and Predict to Earn is prone to begin one other crypto growth.