SubSilver

[lyra_bennett]

Crypto prediction platforms have gained popularity in recent times. These platforms let platform owners and users make money. However, are you aware of what they are? A crypto prediction platform is a forecasting platform that lets people predict future events such as crypto prices, game results, political results, and so on. Many people use this platform to forecast future events and earn currencies. But have you ever wondered how this prediction platform works? Let’s simply break it down.

A crypto prediction platform allows the admins and platform users to create a prediction market for a future trend or event. Let’s say, for example, a market is created for “Will ETH reach $15K by the end of 2025?”. The prediction result may be Yes or No. Based on the market research and analysis, you can choose any one of the results. Maybe 75% of the people choose No as the desired outcome. The platform checks the results from trusted resources using Oracle. If you won the prediction, then you can earn rewards otherwise, you lose in the prediction.

Crypto prediction platforms are controlled by smart contracts, automated programs that work automatically when certain conditions are met. Integrating smart contracts in prediction platforms ensures transparency, security, and fair prediction. Many entrepreneurs are interested in launching their crypto prediction platform to enter this lucrative market. Creating your platform from a prominent decentralized crypto prediction platform development firm helps you succeed in this market.