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Binary Option Prediction Market

PreviousWisp-PredictionNextCross-chain Prediction Protocol

Last updated 2 years ago

In Wisp-Prediction V1, a Binary Options DPM was incorporated due to its simplicity and user-friendliness.

It's easy to take part:

  • Predict if the price of SUI-USD will be higher or lower than it was when the “LIVE” phase starts.

  • If you enter an “UP” position, and the “Closed Price” is higher than the “Locked Price” at the end of the 5-minute LIVE phase, you WIN! And if it’s lower, you lose.

  • If you enter a “DOWN” position, and the “Closed Price” is higher than the “Locked Price” at the end of the 5-minute LIVE phase, you LOSE! If it’s lower, you win.

Position
Close price > Locked Price
Close price < Locked Price

UP

WIN

LOSE

DOWN

LOSE

WIN

Why should you play Wisp-Prediction?

1️⃣ Easy to play: Super-simple game mode with only 3 steps to win.

2️⃣ Short round: Each round lasts 5 minutes, so there is no long waiting time: more rounds, more chances to win.

3️⃣ Transparency: WISP-Prediction use Chainlink Price Feed for the Locked Price and Close Price. This updates in intervals of 5 minutes and is used to determine the winning position side.

4️⃣ Nice return rate: The Payout Ratio for each Pool = Total Value of Both Pools ÷ Value of that Pool. In case more people go to the other pool and you win, the return rate will be great.

In addition, 3% of each round’s total pot will be sent to the Treasury to support the price of WISP and benefit holders in the long term.

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Wisp-Prediction Architecture