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Thursday, February 16, 2023
HomeNewsFaucet into OneSwap’s New Function

Faucet into OneSwap’s New Function


As the exterior components turn into extra unsure because the first quarter of 2022, the crypto market has stored fluctuating. Recently, it’s reported that the Federal Reserve would possibly hike up rates of interest by 50 foundation factors in May, and the crypto market would undergo a pointy value correction together with the US inventory market. According to different.me, Crypto Fear & Greed Index has seen broad swings through the previous three months and plummeted at 11 (0 means “extreme fear”). Generally talking, market fears have elevated over the latest interval, and the thrill has been dampened, which is expounded to the latest volatility of the crypto market.

Source: different.me

Many traders consider that the crypto market would witness a interval of volatility if the Fed have been to lift rates of interest by a scale that exceeds market expectations in May. That stated, 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 guess on crypto rises/falls and win prizes. With PREDICTION, traders will be capable of revenue whether or not the crypto value goes up or down.

Profit from PREDICTION regardless of market swings

According to official information, OneSwap will introduce a brand new function known as “PREDICTION” on April 29. After the perform is launched, traders who maintain CET can simply win prizes by betting available on the market development of a sure crypto per spherical (each ten minutes).

Suppose that OneSwap opens a BTCUSDT prediction market, and customers might then predict the USDT price of BTC 10 minutes later and select “Bet on rise” or “Bet on fall” and submit the quantity of guess (CET). The guess can be quickly deposited into the Prize Pool till the top of the spherical, and winners can get again their guess and earn prizes.

As PREDICTION solely accepts CET, OneSwap may also kick off a Prediction Trial Fund Competition that gives free CET trial funds to customers on April 23. Please observe OneSwap on Twitter (@OneSwap: https://twitter.com/OneSwap) to remain up to date.

Activity web site:https://gleam.io/competitions/ccSRs-oneswap-prediction-trial-fund-competition

After this new function goes dwell, OneSwap may also launch the “Win Rate Ranking Reward Game” that can final from April 29 to 09:00 on May 6 (UTC). The successful data of all customers who’ve made a guess through PREDICTION throughout this era might be lined by the Win Rate Ranking. After the occasion ends, the highest 3 winners who’ve positioned at least 50 bets will obtain unbelievable CET rewards.

According to the official bulletins, OneSwap will kick off a collection of occasions referring to the brand new perform over the latest interval. All customers who adopted @OneSwap on Twitter might win the next rewards:

  1. Collect CET trial funds for PREDICTION on April 23;
  2. Earn prizes by betting on value traits through PREDICTION on April 29;
  3. The prime 3 winners of the Win Rate Ranking Reward Game who’ve positioned not less than 50 bets earlier than May 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 listing tokens and helps automated market-making (AMM) and the order guide. In addition, OneSwap improves user-platform interactions through the built-in OneSwap Wallet, 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, masking ETH, CSC, TRON, and BSC. Moreover, it has continued to introduce modern options and optimize current capabilities to create differentiated benefits. Unlike different liquidity mining merchandise, OneSwap has launched an AMM-based on-chain order guide enabled by good contracts, which will increase the liquidity of customers’ crypto property and solves the liquidity challenges going through DeFi. In phrases of good contracts, OneSwap makes use of a versatile knowledge 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 forms of cryptos. PREDICTION, a brand new OneSwap perform coming quickly, helps traders win prizes via crypto volatility and can begin a betting spree after it goes dwell.


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