WX.Network
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WX.Network

The first COVID-19 prediction campaign has finished. Waves.Exchange launches a new prediction.

Thanks to everyone who took part in the first charity event with #CryptoCOVID19 movement and made a prediction on the dynamic of the COVID-19 weekly spread. Oracle has retrieved the data from John Hopkins SCCS repository. The number of confirmed cases of COVID-19 has reached its peak in a week and began to decline. Smart contract has executed. Participants who voted for a pandemic downturn by purchasing the COVID-DWN-JUN20 token can exchange it for a reward before June 20, 2020. All unclaimed tokens will be sent to the charity.

We announce the launch of a new prediction.

The week April 04 — April 10 was the toughest on confirmed COVID-19 cases so far (595,802 confirmed cases). Now users are invited to make a prediction on whether a new peak will be recorded before September 1, 2020.

There are two new prediction tokens — COVID-DWN-SEP20 and COVID-UP-SEP20. These are regulated by the smart contract that holds all the USDN rewards, until one of two possible event outcomes occurs:

The smart contract will distribute 1 USDN for each winning token purchased. You can buy any amount of prediction tokens.

Waves.Exchange traders buy prediction tokens in pairs for a total of 1 USDN (i.e. COVID-UP-SEP20 + COVID-DWN-SEP20 = $1). This guarantees that you will be able to exchange the winning token for 1 USDN.

How does it work?

Every day, an oracle records the number of confirmed cases, according to the Data Repository with figures provided by Johns Hopkins CSSE. This data is used by the smart contract to determine whether the COVID-19 spread rate has reached its peak or not.

You can view the smart contract code here.

How to buy a prediction token

After the smart contract is executed, you will be able to exchange your prediction tokens for USDN using the ‘Get reward’ button or donate them to charity using the ‘Donate’ button.

Any funds remaining at the conclusion of the competition will be donated to support nonprofits in the #cryptoCOVID19 campaign.

Feel free to ask any questions in our Telegram group. You can also contact support in the Waves.Exchange desktop and web versions via the chat service in the bottom right corner.

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