TronPredict — a decentralized prediction marketplace (deployed on the Tron network) for predicting price movements of multiple cryptocurrencies.
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About the TronPredict project
The idea behind TronPredict is similar to binary options, where traders predict whether the price will actively rise or fall at a certain point in time. The difference is that TronPredict's predictions follow the 3-STATE model, where users predict whether the price will be active:
- Rise above a certain price.
- Fall below a certain price.
- It ranges between 2 specific prices.
The 3-STATE model provides users with the best opportunity to be as close to the correct prediction as possible, and also increases the potential for higher rewards. Tron Predict predictions are based on 7-day cycles (24-hour cycles to be added shortly), where users make predictions on the closing price (at the end of the cycle) of a particular cryptoasset and bet on the forecast with TRX, which entered the stock pool managed by a smart contract.
Some features:
| Firstly | End of cycle reward is calculated, based on the total amount of TRX in the pool, for a specific cryptoasset within a specific cycle. |
| Secondly | At the end of the cycle, the smart contract receives data on the closing prices of supported cryptoassets and uses this data to determine correct and incorrect predictions for each asset. |
The percentage is calculated, based on the total TRX value in the pool of bad predictions for a particular asset in relation to the total TRX value in the pool of correct predictions, on the same asset.
Azanial Labs hopes that Tron Predict will become a true prediction market on the Tron network and is already working on adding new cryptocurrencies, other cryptoassets, a 24-hour cycle and an affiliate program.
Additional information
The site has a White Paper. Also, you can study information about the project in the Medium blog. To stay up to date with all news and updates, subscribe to the community on social networks: Twitter и Instagram. Use email to contact developers. The smart contract doesn’t have an audit.