🔩Prediction Workflow

QuickPrediction leverages ChainlinkAutomation and ChainlinkPriceFeeds to provide a smooth and fair user experience. The platform automates prediction round progression and uses decentralized price feed technology to ensure impartial and transparent price determinations. Additionally, notable features such as the Auto-Pool System and Reservation Betting enhance the reliability and convenience of the platform.

Price Data Reference and Determination

• QuickPrediction relies on ChainlinkPriceFeeds to fetch real-time price data.

• Chainlink is a decentralized oracle network that provides tamper-proof and reliable price information, eliminating risks of price manipulation.

• The platform uses this price data to determine UP/DOWN outcomes at the conclusion of every round, ensuring fairness and transparency.

Automated Round Progression

• The platform utilizes ChainlinkAutomation to automate the start and end of prediction rounds.

• Scheduled automation jobs ensure that rounds begin and end precisely on time, eliminating the need for manual intervention. This creates a seamless user experience and ensures smooth operations 24/7.

Auto-Pool System

• The Auto-Pool System ensures that all rounds meet the minimum bet threshold required for them to proceed.

• In the event of low user participation, the platform itself places the minimum required bet, ensuring rounds are always active and valid.

• This mechanism guarantees the continuity of prediction markets, providing a consistent experience for users even in times of low engagement.

Reservation Betting

• With Reservation Betting, users can place bets for up to three future rounds in advance.

• This feature allows users to strategize and focus on long-term predictions without requiring constant manual intervention.

• Once a reservation is made, the smart contract securely locks in the bets, automatically participating in the relevant rounds when they begin.