Crypto Betting Site: Empowering You To Make Smart Moves
Collective Vault - An Introduction
The US-based client wanted to develop a decentralized prediction platform where users can place a bet on the predicted price of the chosen Token. The requirement was for 3 types of bets a user can take part in Solo Win, Shared Win, and User vs User.
We created Collective Vault by Planet Inverse, a unique crypto betting site that took months to be developed. The platform is built on the BSC blockchain.
He best crypto betting platform was created with the help of our skilled developers and it enables users to compete against one another in price prediction while collecting XIV prizes of up to several times their initial bet.
What we did
SOLUTION
DEMOGRAPHICS
INDUSTRY
- Discuss Your Ideas
Problem Statement
Daunting Challenges Faced By The Client
Analysis & Approach
Cryptocurrency is a wholly digital asset class, and we are in the heyday of machine learning, so how can’t it be an ideal marriage? Most data science teams don't consider some of the difficulties until the issue starts bothering them because they are outside of the accepted machine learning practices. When our client approached us to create something innovative for crypto prediction, we collectively prepared the model of Planet Inverse Collective Vault.
Solution
In the crypto world, Planet Inverse introduced a decentralized protocol, the best crypto betting site in which individual users can compete with one another on Collective Vault by projecting the future values of a few chosen coins. It is powered by the XIV token, a free-floating, inverse-yielding BEP-20 token. Users have the choice of sharing their XIV awards or choosing a winner-take-all scenario.
Users can connect to the platform using their Non-custodial wallets namely, Metamask, Trust Wallet, and Wallet connect. Once connected users can place their bets on any of the provided coin/token prices. They can directly land on the home page where they will have to place bets.
In this platform, users can stake their XIV using one of three options- "Solo Win," "Shared Win," and "User Vs. User" vaults. The customer then chooses a small selection of coins they want to track, such as BTC, ETH, and BNB. The user then types in their "24-Hour Prediction Price."
A 24-hour countdown timer starts once the "Interval Window" closes. The user or users whose forecasted price is closest to the actual price of the chosen asset at the end of this 24-hour tracking period receive XIV tokens from the pooled XIV.
Features
User-friendly interface
Holds the funds securely
Anonymity
Generous rewards
Users can place large bets
A Visual Journey Through Our Trailblazing Project
Final Outcomes
Estimated in monthly revenue.
registered users
accuracy of crypto price prediction
Technology Stack
Frontend
Reactjs
Backend
- Nodejs
Database
- Mysql
Smart Contract
Solidity
Blockchain
ETH & BSC
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