Markets News Report Technology
June 26, 2024

PancakeSwap Launches AI-Powered Prediction Market On Arbitrum With Up To 100% Loss Protection And 60,000 ARB Campaign

In Brief

PancakeSwap launched an AI prediction market on Arbitrum, integrating AI-driven price information sourced from Allora.

PancakeSwap Launches AI-Powered Prediction Market On Arbitrum With Up To 100% Loss Protection And 60,000 ARB Campaign

Decentralized exchange (DEX) PancakeSwap announced it has launched an AI prediction market on Arbitrum. This market integrates AI-driven price information sourced from the decentralized AI network Allora. Allora enables applications to utilize advanced AI capabilities that are continuously enhanced through a network of machine learning (ML) models.

The new tool enables traders to predict the price fluctuations of tokens like ETH at ten-minute intervals, offering opportunities to win a portion of the prize pool for each round.

To utilize the feature, users should navigate to the PancakeSwap platform, choose the Prediction section, opt for Arbitrum, and choose a round in which they wish to take part. Individuals can base their predictions on AI forecasts or make their own prognoses. They are then prompted to enter their prediction amount, confirm transactions, and sign in to their wallet. Following the round closure in ten minutes, users can collect any winnings.

PancakeSwap Launches Three-Month Campaign With 60,000 ARB Reward Pool For ETH Price Predictions

To celebrate the launch, PancakeSwap has initiated a three-month campaign where participants are encouraged to forecast the price movements of ETH to compete for a share of a total of 60,000 ARB in rewards.

The activity comprises four weekly tasks, each starting and concluding weekly. Notably, participants can receive refunds of up to 100% of their losses based on total eligible losses, with each user’s losses protected by a weekly reserve of 3,000 ARB.

Additionally, the top ten users with the highest volume of predictions will collectively share a reward pool of 1,500 ARB. To qualify, users must accumulate a minimum volume of $1,000 weekly. Furthermore, each week, ten randomly selected users who make at least three predictions will each win 100 ARB.

Also, the top two users with the highest net winnings will each win 500 ARB weekly. To participate, individuals must meet the weekly minimum accumulated volume requirement of $1,000.

PancakeSwap is a decentralized finance (DeFi) platform designed for cryptocurrency trading, reward earning through staking and farming, participation in lotteries, and governance voting. It operates on the Binance Smart Chain, prioritizing efficient transactions with low fees.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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