As external factors become more uncertain since the first quarter of 2022, the crypto market has continued to fluctuate. Recently, it was reported that the Federal Reserve may raise interest rates by 50 basis points in May and the crypto market will experience a sharp price correction along with the US stock market. According to alternative.me, Crypto Fear & Greed Index has seen big swings over the past three months and dropped to 11 (0 means “extreme fear”). Generally speaking, market fears have increased over the recent period and excitement has subsided, which is related to the recent volatility in the crypto market.
Many investors believe the crypto market would experience a period of volatility if the Fed were to raise interest rates by a magnitude that exceeded market expectations in May. That said, couldn’t we take advantage of market fluctuations?
In fact, investors can always profit from market fluctuations. PREDICTION, which is a new feature that OneSwap will launch soon, allows investors to bet on crypto rises/falls and win prizes. With PREDICTION, investors will be able to take advantage of whether the crypto price rises or falls.
Take advantage of PREDICTION despite market fluctuations
According to the official news, OneSwap will introduce a new feature called “PREDICTION” on April 29. After the launch of the feature, investors who hold CET can easily win prizes by betting on the market trend of a certain crypto per round (every ten minutes).
Suppose OneSwap opens a BTCUSDT prediction market, and users could then predict the USDT value of BTC 10 minutes later and choose “Bet on the rise” or “Bet on the fall” and submit the bet amount (CET). The bet would be temporarily deposited in the prize pool until the end of the round, and the winners can recover their bet and win prizes.
As PREDICTION only accepts CET, OneSwap will also launch a Prediction Trial Fund contest that offers free CET trial funds to users on April 23. Please follow OneSwap on Twitter (@OneSwap: https://twitter.com/OneSwap) to stay informed.
After this new feature goes live, OneSwap will also launch the “Win Rate Ranking Reward Game” which will last from April 29 to 09:00 on May 6 (UTC). The winning records of all users who made a bet via PREDICTION during this period will be covered by the win rate leaderboard. Once the event is over, the top 3 winners who place no less than 50 bets will receive amazing CET rewards.
According to the official announcements, OneSwap will be launching a series of events related to the new feature over the recent period. All users who follow @OneSwap on Twitter could win the following rewards:
- Raise CET trial funds for PREDICTION on April 23;
- Win prizes by betting on price trends via PREDICTION on April 29;
- The top 3 win rate leaderboard reward game winners who have placed at least 50 bets by May 6th will receive CET rewards.
Drive growth through innovation and create a thriving DeFi ecosystem
OneSwap is a fully decentralized transaction protocol based on smart contracts. It does not require permission to list tokens and supports automated market making (AMM) and order book. Additionally, OneSwap enhances user-platform interactions through the integrated OneSwap wallet, providing one-stop transaction experiences.
Since its inception on September 19, 2020, OneSwap has operated securely and stably on multiple public chains, spanning ETH, CSC, TRON, and BSC. Moreover, it continued to introduce innovative features and optimize existing functions to create differentiated advantages. Unlike other liquidity mining products, OneSwap has introduced an AMM-based on-chain order book enabled by smart contracts, which increases the liquidity of users’ crypto assets and solves the liquidity problems DeFi is facing. . In terms of smart contracts, OneSwap uses a flexible data structure to minimize gas fees for users and charge lower transaction fees. In February 2022, OneSwap launched multi-crypto merged mining, which allows users to mine more types of cryptos. PREDICTION, a new upcoming OneSwap feature, helps investors win prizes through crypto volatility and will start a betting frenzy after it goes live.