What good is sitting on a pile of HIVE if you can't have fun with it? There's a new fun way to wager and burn HIVE through Hive Predict, created by @beggars!
(Created with Bing)
The idea is anyone can create a "market" asking a question based on a Yes/No based outcome. You can also create a "market" with multiple options, such as the Australian Formula 1 race I bet on recently. A time limit is set, and the wager denomination is set by the creator in HIVE, HBD, or another Hive-Engine token. Some markets can be automatically resolved after a specific period of time, while others require a manual review.
Fees and The Burn
The winners of a wager receive a split of the wagers put up by the losers, minus a 3% fee for the platform and 5% being sent to @null. While it's not a large amount, every little bit helps fight inflation.
For more specific details on how everything works, check out the breakdown here.
Disclaimer
I have no affiliation with this platform and find it to be a fun way to wager spare HIVE. That said, never risk what you can't afford to lose.
I think this is a fun addition to the blockchain. I'll likely be using it in the future to create my own "market" about gold and silver prices, so keep an eye out for when I announce it! In the meantime, go check out Hive Predict and have some fun!
Buy DUO and stake to receive Hive dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
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Posted Using INLEO