Bhavish finance — a decentralized prediction market protocol, based on Polygon, that allows you to predict cryptocurrencies, stocks, commodities, sports events and more.
How does the Bhavish finance forecasting system work?
Bhavish finance - a platform that integrates "play to earn" elements into the prediction market system. The more users participate, the more exciting rewards they get. Bhavish also allows you to make multiple predictions in the same round, as well as betting in both directions for the current round. This is aimed at reducing the risks, associated with the volatility of the cryptocurrency market.
Price sources of Bhavish:
| Oracle ChainLink | The price, used to close each round. |
| Trading View | Real-time price that is displayed on the interface. |
Bhavish charges a transaction fee of 2.5% of the total pool before distributing winning payouts.
You can unlock and collect your winnings by clicking the "Collect profits" button. Upon receipt, all claimed rewards will be automatically transferred to your wallet and the text "Profit is collected" will be displayed.
Bhavish allows users to wager by using the following currencies:
- MATIC (the native token of the Polygon chain).
- USDC.
- USDT.
- DAI.
All you have to do - connect your wallet and start predicting. Markets are paused when conditions arise that affect the reliability of the contract (for example, a failure in back-end jobs, etc.). The suspension of markets means that bets will not be accepted on any rounds until the issue is resolved.
Prediction rules
Before you can use Bhavish Prediction, you must read and accept the terms and conditions. Next, if you want to transact without gas, click on the settings icon in the top left corner of the Bhavish app. A pop-up window will open where you can see "No gas mode". Click on it. Users can choose which assets they want to make predictions on.
To switch between the crypto tokens, available for prediction, users need to click on the dropdown and select the asset of their choice for prediction purposes. To enter your prediction for a round, you will need to check how much time is left before the next round starts. You will find the timer in the top right corner.
Make sure you still have enough time before making a prediction (minimum 1 minute). As soon as the round starts in real time, the prediction you made is blocked and no changes in the direction or size of the bet can be made. The result of the round will be displayed with the result (up / down), highlighted in the respective colors (up - green, and down - red).