📈 Our prediction markets on Kusama are a perfect use case for your GENS!
🤑GENS became deflationary! 💰Read more
⬇️ 🔸Use your GENS to place bets on whether the BTC price will go above a certain threshold or be within a specific range by a cutoff time.
🔸Genshiro uses its own oracle to provide a medianized price to the blockchain every block. Currently, only native GENS tokens are accepted for placing bets, but if there is interest from the community, other assets may be added in the future
🔸Bet parameters include the offset, which determines the interval during which bets are accepted, and the duration, which determines the cutoff time at which the outcome is determined. Short-term options are supported, with a betting period and duration of 5 minutes.
🔸Users pay transaction fees to place a bet and a penalty fee of 20% of their bid if they opt-out before the betting period ends.
Winners pay a protocol fee of 20% on their profit when they claim their rewards, which are funneled into the Genshiro treasury.
🔸Put your GENS to work 👉 https://genshiro.io/ A deep-dive article about Genshiro's prediction markets is coming soon
🔍✅ Don't forget to share this announcement and follow us on
Twitter and
Medium
