RAI Finance Predict Launch Event: Predict to Earn with RAI Finance
Event time:
- UTC+0 Time Zone
- Start: 14th Febraruy 2023
- End: 9th May 2023
What is Predict?
Predict is a GameFi product of RAI Finance that allows users to make predictions about certain events and play Risk to Earn games. Users can predict the outcome of an event and be rewarded if they are correct but lose if they are wrong.
This new feature will offer a variety of markets including politics, sports, even some trending issues on Twitter. All the transactions are recorded on the blockchain so transparency and fairness are guaranteed.
Rules and rewards
What’s the reward?
In order to celebrate RAI Finance’s new feature — Predict, RAI Finance will allocate rewards to encourage all users to use the new feature. Anyone who participates in the launch event will have a chance to win a SOFI reward.
The Total reward amount will be setted depending on the total number of unique wallets during the launch event duration.
* Unique wallet requirement : To participate in this launch event, users should use ETH network wallet and make at least 1 buying / selling transaction in Predict — Buy or Sell with RAI Finance Predict function.
How to play the game?
- Enter in https:app.rai.finance/#/predict
- Link your ETH wallet, and find the Predict page.
For how to use this function in detail, you can check below to see the detailed tutorial.
https://docs.rai.finance/rai-finance/how-to-guides/predict
Step 1: Choose the event you want to predict (Yes or No)
By entering in https://app.rai.finance/#/predict you will see the Predict page. RAI Finance now offers 4 events. You can choose your interested event and predict the outcome over a certain period of time.
All SOFI rewards will be distributed to the four events below equally.
Reward events:
- Event 1: Will BTC reach $30000 by May 9th? (End in May 9th)
- Event 2: Will ETH reach $3000 by May 9th? (End in May 9th)
- Event 3: Will Arbitrum airdrop their tokens by March 9th? (End in March 9th)
- Event 4: Will the FED raise interest rates above 5.5% by April 9th? (End in April 9th)
Step 2: Choose YES or NO
Take the crypto asset price prediction as an example, if you choose YES for the prediction event, you’re going to predict the asset price goes beyond the target price. If you choose NO for the prediction event, you’re going to predict the asset price will go below the target price.
You can buy the position of YES or NO via SOFI. You can sell the position anytime within the valid duration.
For BTC and ETH price prediction, the event’s result will be based on the price of Binance trading pairs.
Rewards
In each events,
Reward 1: The top 3 trading volume and profitable users will share 70% of the whole reward of the events,
- Top1: 50%
- Top2: 15%
- Top3: 5%
Reward 2: The top 5 users who provided the liquidity of the opposite result, will share 15% of the whole reward of the events
- Top1: 10%
- Top2: 4%
- Top3: 1%
Reward 3: Random 10 users who made both YES and NO in the events will be the lucky users and share 15% of the whole event reward equally.
Extra Reward: The official RAI Finance Twitter account will carry out weekly polls to ask our users what should be the next market for Predict! One lucky user who reacted to the event tweet with a brilliant idea will get 500 SOFI, so please stay tuned to our Twitter.
How will the reward be distributed?
- The rewards will be sent out as SOFI tokens on the Ethereum blockchain which will be distributed after all the games end (9th May 2023).
- RAI Finance will provide reward details after the event ends.
Disclaimer : All the reward and operational details are subject to change and all rights are reserved by the Rai Finance platform.
Welcome to join in and enjoy the Predict. If you have any questions, please join the RAI Finance community!
Medium: https://medium.com/rai-finance
Twitter: https://twitter.com/RaiFinance
Telegram：https://t.me/RaiFinance
Kakao：https://open.kakao.com/o/gLPmITEc
