OneSwap is a distributed trading platform that will introduce a feature called Prediction. On April 29th 2022, BTC/USDT, the first prediction market, users will have the opportunity to win prizes by placing bets on the BTC/USDT price trend. Prediction has an initial prize pool up to 1 million CET. Meanwhile, OneSwap will also launch the “Win Rate Ranking Reward Game” that will allow users to receive double rewards.
Predict to Earn: What Prediction Does
- Log in to OneSwap (https://www.oneswap.net/cet/prediction), and select CSC;
- You can connect to MetaMask or OneSwap Wallet.
- Go to Prediction, pick an available module, and click on “Going Up” or “Going Down” to place a bet;
- Enter the CET amount of the bet (range: 10 CET – 10,000 CET per round per address), and click on Submit. Once a bet has been submitted, it cannot be changed or cancelled.
After a user submits a bet, he must wait until the end of the current round. The user will be rewarded if the price trend is correct. If the user bets in an opposite direction (i.e. the Locked Price equals or exceeds the Settlement Price), the bet will transfer to the prize pool.
We will show you how prizes are awarded using two cases:
Assume that the transaction fees are 5% and that 1,000,000 CET is the first prize pool.
First round
One participant placed 10,000 CET, won and the other lost.
- Winner: Initial Bet + Prize (with the transaction fee subtracted) =10,000+10,000×0.95 = 19,500 (CET);
- Loser: 0;
After the first round, the prize pool now contains 1,000,000-9,500+5,000 = 995,500 (CET).
Assume that the transaction fees remain at 5%. The initial prize pool is now 995.500 CET.
The second round is:
One participant lost and 200 placed 10,000 CET bets each. Because there isn’t enough CET for the prize pool to cover all the winners (99,500 CET), the winning players will split all CET, and the transaction fees will be deducted according the betting ratio.
- Winners: Initial Bet + Prize (the prize pool shared by the betting ratio, with the transaction fee subtracted) = 10,000+995,500*0.95/200=14,728.625 (CET)；
- Loser: 0;
After the second round, the prize pool now contains 995,500*0.05+5,000=54,775 (CET)
Exceptions:
- The administrator will restart the game once all CET prizes have been won.
- Prediction will not function if the Prediction price feed mechanism has been suspended. This is because crypto prices may be unavailable at any point during a round. The current round’s bets will be returned in such instances.
Specific Guides: https://support.oneswap.net/hc/en-us
Become Top Winners & Win Incredible Rewards
OneSwap will offer Prediction along with the Win Rate Ranking Rewards Game. You can register for this event by May 6, 2009 at 9:00 am (UTC). The top three winners of the contest who placed not less than 50 wagers each will be awarded 1,000 CET and 600 CET respectively.
All users who placed a wager via Prediction will have their winning records covered by the Win Ratio Ranking. Meanwhile, users may keep track of their Winning Rate by checking their bets and winning records through “Analysis” in “History”.
Breaking the High DEX Threshold: OneSwap Launches “Predict to Earn”
In recent years, DEXes as well as CEXes remain rivals. Although DEXes make exchanges safer, their operations are more complex and more difficult than CEXes. This has made many people avoid DEXes.
In terms of product design, Prediction reflects the idea of “simplicity”. OneSwap, which is gamified, allows users to take part in Prediction easily. This lowers the DEX bar and makes the feature more accessible. Users will also be able profit via Prediction before others by relying upon their market insight.
DEXes do not have to be limited only to trading. They are moving towards more efficiency and better established ecosystems. OneSwap is a DEX and strives for greater innovation, optimization, efficiency, security, and safety. Prediction’s launch will bring new opportunities for earning: Predict To Earn. It also offers more variety to the DEX community and provides more enjoyable DeFi experiences. OneSwap’s innovation has led to a change in the direction of DEX ecosystem development. Predict to earn is expected to kick off another cryptocurrency boom.