The Hive Polymarket

I have to rescheduled my today post because sometimes there is topics or discoveries that recquiere immediacy. Today is the case.

Yesterday I find Hive Predict, basically our version of Polymarket, but better. I suggest to @beggars include a 5% burn in every bet and already he deliver. Now every event will contribute to reduce the Hive marketcap and diminish the inflation. While more we play the more we all benefit of that.

I also find that @beggars it is a prolific dev and had others games and projects related to Hive, although he can unifiy some of them in a single web like a Hive Casino or Playground and replicate the 5 o 3% burn fee. Anyway you can explore that others projects here 👇:

@beggars/my-hive-projects-open-source-and-apps

https://github.com/Vheissu

Back to Hive Predict, it is very easy to use. I recommend you log in through Hive Keychain app.

How to place a prediction

LINK TO THE WEBSITE —> https://hivepredict.app/markets

Pick the event	Place Prediction	Sign Transaction	Done

How to creat an event

1	2	3

4	5	6

7	8

Generalities

You Have to Know that When a market resolves, only the winning side gets paid out, and each winner's payout is proportional to their stake on that winning side.
On second thought, these same bases can give rise to another system of color games when people bet in automatic Roulettes wich color will be out: red or blue (like the Rubles Color Bet website).

As I say the platform send the 5% of the prize pool to burn and take a 3% fee for platform maintenance. So 92% of the total pool is distributed to the Winners.

Others projects should follow the lead and stop farming the DHF.

Other aspect is that Winners are weighted by timing. Earlier bets get more weight than later bets on the same side. This isbto protect those who takebthe risk when the result it is not evident.

And the requirements to be able to participate in a prediction are that users should have more than 30 days in Hive, with a minimum reputation of 25 and having posted minimum 5 posts.

Disclaimer

Keep in mind that gambling is addictive. Take this as a game and not as a business or financial investment. The only one responsible for what you do with your money is you. Neither I, nor the site, nor anyone else but you is responsible for your losses.

Final Thoughts

More options like these are needed. Those that give us functionality and entertainment and that at the same time are sustainable and help curb Hive inflation.

Once the business model has been validated, imagine that Bitcoin, BCH, Ethereum and others crypto are also integrated attracting more users and external revenue (because it would be taking 5% of those other cryptos to buy Hive and burn it).

This is one of the cases when the success of the individual is the success of the whole Community.

LINK TO THE WEBSITE —> https://hivepredict.app/markets