- The ever-popular dApp platform PancakeSwap is bringing its prediction markets to Telegram.
- The app will support predictions on whether the price of BNB will rise or fall within five-minute intervals.
- Investors can get involved for as little as 0.001 BNB.
PancakeSwap is one of Web3’s most popular DeFi platforms – and the BNB-hosted app is taking its talents to Telegram.
The dApp hosts a huge variety of yielding activities for investors, including liquidity mining, staking and prediction markets. The latter, introduced to the platform a few months ago, has seen a lot of success among the community, something that PancakeSwap is looking to leverage with its new service.
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Investors Can Predict Price Rises and Falls With Less than a Dollar
PancakeSwap will utilise a Telegram bot built with artificial intelligence to support price predictions for BNB – BNB Smart Chain’s native cryptocurrency. This will allow users to “bet” on the price fluctuations of BNB every five minutes. Correct predictions will yield investors a proportional share of a prize pool, with consistently accurate predictions receiving a profit multiplier.
Users can engage with the Telegram bot for as little as 0.001 BNB (approximately AU $0.75), potentially improving DeFi engagement across investors of all net worths and risk profiles.
PancakeSwap to Take Advantage of Telegram’s High Crypto Adoption Rates
PancakeSwap’s pseudonymous developer spoke to the importance of prediction markets in improving adoption among the industry going forward.
We decided to release our Prediction Telegram bot to tap into the growing interest in prediction markets and the popularity of Telegram bots among crypto enthusiasts, offering a convenient and mobile-friendly way to stay engaged with the market.
Pseudonymous PancakeSwap developer The move comes as Telegram cements itself as a prime mover in the crypto market. The popular online messaging and community platform has seen a surge in digital asset transactions in 2024, on the back of the overwhelming success of GameFi mini apps like Hamster Kombat and Notcoin.
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