🌟Core Details

Round Duration

Each prediction market round lasts for exactly 3 minutes. During this period:

• Users place bets predicting whether the price of MATIC will go UP (Pink) or DOWN (Blue).

• The start and end prices for each round are determined using Chainlink Price Feeds to ensure reliable and tamper-proof pricing.

The fast-paced, 3-minute duration is designed to capture quick market movements while keeping the gameplay exciting and dynamic. Users can engage in multiple rounds within a short timespan, maximizing their opportunities for participation and rewards.

Platform Fee

• A 2.5% platform fee is deducted from the final prize pool for each round, which helps sustain platform operations and development.

• The remaining pool is distributed among the winners, ensuring fairness and clear reward distribution.

By keeping the fee low, QuickPrediction ensures that the platform remains competitive, cost-effective, and user-friendly for all participants.

Blockchain

QuickPrediction is built exclusively on Polygon, a layer-2 scaling solution for Ethereum. This choice ensures:

• Low transaction fees: Gas fees for betting and claiming rewards are significantly cheaper compared to Ethereum-based platforms, often costing just fractions of a cent.

• Fast transaction speeds: Bets and rewards are processed in seconds, providing users with a smooth and efficient experience.

Polygon's scalability and affordability make it the perfect blockchain for a high-speed prediction market like QuickPrediction.