Key Notes
- PancakeSwap’s prediction market now supports Bitcoin and Ethereum alongside BNB.
- The feature allows users to predict “UP” or “DOWN” price moves in 5-minute rounds.
- This model offers a gamified, high-engagement experience distinct from traditional prediction markets.
PancakeSwap, a leading decentralized exchange, has expanded its prediction market feature to include Bitcoin
BTC
$115 811
24h volatility:
0.5%
Market cap:
$2.31 T
Vol. 24h:
$40.72 B
and Ethereum
ETH
$4 655
24h volatility:
2.3%
Market cap:
$561.84 B
Vol. 24h:
$38.86 B
. As one of the most popular applications in DeFi, the platform allows users to forecast price movements in rapid, five-minute rounds, adding two of the largest digital assets to the existing market for BNB.
The feature operates on the BNB Chain and is designed for fast-paced engagement. According to an official blog post from Sept. 12, users can bet on whether an asset’s price will rise or fall within the five-minute window.
How the Predictions Work
To participate, users navigate to the “Prediction” section and select an asset. They then decide if the price will finish higher (“UP”) or lower (“DOWN”) than the starting price when the round ends. All predictions are placed using BNB, with a minimum of 0.001 BNB required per entry.
The total prize pool for each round grows in real-time as more users place their predictions. The potential reward multiplier shifts based on the volume of bets for “UP” versus “DOWN,” creating a dynamic payout system for each five-minute session.
After a round concludes, winners can immediately claim their rewards. A dedicated history tab on the platform also allows users to view and collect winnings from all previous rounds at any time. A 3% fee on all winning bets contributes to the weekly CAKE token burn, integrating the feature into the platform’s tokenomics.
A Gamified Approach to Market Prediction
The structure of PancakeSwap’s market focuses on short-term, binary outcomes, distinguishing it from other DeFi prediction platforms. Its model closely resembles binary options, where the proposition is a simple yes-or-no bet on price action.
This design fosters a gamified experience intended to drive high user engagement. The immediate five-minute resolution provides instant results, catering to users who prefer fast-paced activity over long-term speculation.
The model is particularly suited for volatile assets like BNB. The timing is notable, as the token hit a new record price of $907.33 on Sept. 10, just two days before this feature’s expansion was announced.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.
Zoran Spirkovski on X
Source: https://www.coinspeaker.com/pancakeswap-adds-gamified-bitcoin-and-ethereum-price-predictions-on-bnb-chain/
