12 Hours Market Picks
Last updated
Last updated
Engage in comparative prediction markets like "12 Hours Market Picks," allowing users to choose between assets (e.g., $SUI vs. $SOL or $IO vs. $GRASS) and bet on which assets will perform better over a set time frame.(The result will be determined by the percentage increment of the two tokens over a 12-hour period.)
The earlier the bet is placed, the higher the proportion of rewards. The coefficient bonus varies depending on the time of the bet, and the coefficient is denoted as R(t):
C = 1000; k = 0.00208
Example: 12-Hours Meme PK Assume C = 1000, k = 0.00208; At the 1st minute, R(1) = 998.09; At the 200th minute, R(200) = 659; At the 540th minute, R(540) = 324.3.
Scenario: Which asset will have a higher price increment in one day: Hippo or Moodeng? Assume 3 people bet 600U on Hippo, and 10,000 people bet 10,000U on Moodeng. The result is that Hippo wins has a greater price increment Those who guessed incorrectly will not receive any rewards. The winners will divide the 10,000U according to the amount they bet.
Example of Profit Distribution: The winners A, B, and C will divide a total of 10,000U accumulated from the losers. A, B and C placed their bets at the 1st minute, 200th minute, and 540th minute respectively.The distribution of profits is as follows:
Restrictions:
Bets can only be placed within the first 9 hours.
To prevent last-second betting, the final 3 hours are a lockout period, and betting transactions signed on-chain during these last 3 hours will be refunded.
Front-end messaging can notify:
The last 3 hours are a lockout period. Please complete your vote before the 9-hour mark.
To avoid blockchain congestion, it’s recommended to start placing bets early.
