One of the first projects in CashTokens, BCH Guru, will soon release the beta version of the decentralized on-chain price predictions game.
The new BCH Guru developments demonstrate some of the new capabilities of the new Bitcoin Cash upgrade.
The team released a small tutorial video of how the game/market will be and how players will be betting on the price of various cryptocurrencies.
We dive into the details of this new development on Cashtokens.
BCH Guru Demo
With Wave 2 of the NFTs fully minted and FURU tokens airdrop distributed, BCH Guru proceeds towards the big announcement, the launch of the price predictions game.
This is also the first example of an on-chain prediction market on Bitcoin Cash.
The game works with one user making a prediction and submitting a bet amount and other users making their own predictions and matching the bet.
When the time the first user sets expires, the price prediction closer to the one in the market wins.
The price at each period is determined by an oracle service provided by General Protocols (oracles. cash).
Platform fees:
Players will pay no fees when submitting and matching bets utilizing FURU tokens, but the bets performed with BCH will incur a 6% platform fee.
- FURU: free bets
- BCH: 6% platform fee
119,328,542 FURU tokens were airdropped to BCH Guru NFT holders with a system that calculated various collections fullfillments.
A second airdrop will occur after all NFTs are minted (10,000) on wave 5.
Currently, 4000/10000 are minted after the end of Wave 2 (each wave releases 2000 NFTs).
Also read:
FURU Token on Cauldron DEX (cauldron.quest)
On Cauldron, every LP provider receives 0.3% fees from every trade on their pool.
(FURU/BCH swap on Cauldron: link)
FURU is the top token in terms of volumes and liquidity on Cauldron.
The price has been increasing lately, and perhaps interest will rise soon as BCH Guru launches the price predictions platform.
*1 FURU currently trades at ~350 sats (0.00000350 BCH).
Conclusion
CashTokens is a relatively new technology bringing smart contracts on one of the fastest decentralized blockchains (Bitcoin Cash).
The BCH Guru predictions game is a positive development, capable of attracting interest from the whole cryptocurrency domain.
The Cashtokens ecosystem on Bitcoin Cash is slowly advancing, yet, it would definitely need the attention of the top investors and perhaps advertisement on crypto-related websites with high traffic.
Cover Picture (background) on Pixabay
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Originally Published at: Medium
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