Chance Markets is a fun and easy way to participate in decentralized prediction markets. It's a peer-to-peer platform where you can bet on whether the price of an asset will go up or down within a set time limit.
Playing Chance Markets lets you test your foresight to earn rewards. Use your market knowledge or gut feeling to predict if the price will go up or down in the near future. Get it right and you’ll collect a share of the round’s prize pool!
Chance Markets will support two Markets at launch including Avalanche ($AVAX) and LFJ ($JOE).
If you enter an “UP” position, and the “Closed Price” is higher than the “Locked Price” at the end of the 30 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 30 minute LIVE phase, you LOSE! If it’s lower, you win.
Chance Markets will offer two 30 Minute Markets at launch (AVAX & JOE). In the near future, we plan to offer Daily Prediction Markets for a number of assets on Avalanche including Bitcoin (BTC.b), Coq Inu (COQ), Benqi Finance (QI), and more.
Chance Markets uses two sources for our price feeds. They each have their own purpose within the prediction market:
ChainLink Oracle are used for the Lock price and End price of each prediction market round. Our Market contract uses the ChainLink Oracle price feed on the Avalanche C Chain to set the prices used to dictate which side has won.
Binance Price Feeds are used for real-time price updates on the Chance Market interface. Used for the "Market Activity" chart on the interface.
Since we’re using two different price feeds, the real-time price updates from Binance and the ChainLink Oracle price may differ by a small amount. However, they shouldn’t vary significantly.
We want to give a special shoutout to Janky Studios for collaborating with us on the build for Chance Markets. The creation of this product was a joint effort between Janky Studios and FortiFi to bring this product to life on Avalanche.
Chance Markets is a new product that we still consider to be in beta.
Twitter: @ChanceMarkets
Discord: Invitation
Docs: Gitbook
Comments
Nothing yet. Say the first thing.
Sign in to join the conversation.