Ajasa Usman 👋
A Passionate Blockchain Developer 🖥️ & Product Designer having 5 years of Experiences over 6+ Country Worldwide.
Client For:
DApp
Overview
The dApp allows users to make predictions on the future price of Bitcoin (BTC) against peers on the Binance Smart Chain (BSC). It operates as a peer-to-peer wagering platform where users can bet on whether the price of BTC will be above or below a certain value within a specified timeframe.
Core Components
Smart Contracts: Developed using Solidity on the Binance Smart Chain, these contracts manage:➤ Acceptance and storage of user predictions and wagers.
➤ Integration with an oracle to fetch accurate BTC price data.
➤ Determination of winners based on the oracle's price feed.
Oracle Integration: An external service providing reliable BTC price data ensures the outcome of predictions is based on accurate information.
User Interface (UI)
A frontend interface accessible through web browsers or mobile devices.
Allows users to connect their BSC wallets (e.g., MetaMask).
Provides intuitive forms for entering predictions (above or below a specified price).
Displays current bets, time remaining, and potential winnings.
Security Measures
- Secure coding practices and smart contract audits to prevent vulnerabilities.
- User authentication and authorization mechanisms for secure transactions.
- Integration with reputable oracle services to mitigate data manipulation risks.
Payment and Settlement
- Supports transactions in BNB or other BSC-compatible tokens.
- Automated settlement processes upon prediction closure.
- Instant distribution of winnings to winning users' wallets.
Results/Conclusion:
The BTC price prediction dApp on PancakeSwap alternative aims to provide a fair, accurate, and engaging platform for users to wager on Bitcoin's future price movements. By leveraging the Binance Smart Chain's capabilities and integrating reliable oracles, it ensures transparency and security while offering a seamless user experience in the decentralized finance (DeFi) space.
