This Company Is Changing The DeFi Game By Bringing Binary Options To Decentralized Finance

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Binary options are widely traded in the traditional stock market. PRDT Finance brings a similar take, making the entire process on-chain and decentralized, allowing you to trade on cryptocurrency assets like Bitcoin, and more.

With a plan to bring binary options trading to the DeFi world, PRDT Finance succeeded to become the first fully decentralized cross-chain prediction platform on the market.
PRDT Finance is currently leading the decentralized binary option space on the Binance Smart Chain and Polygon Network, rewarding users for correctly predicting the price movement of a particular asset including but not limited to cryptocurrencies.

How The Predictions Work

Their process is easy: Predict if the price of your asset will be higher or lower at the end of a predetermined period. If you predict an up position and the price closes higher at the end of the live phase, you win; if it’s lower, you lose. Similarly, the same goes if you predict a down position and your asset closes up.

Two pools of users (broken into up and down bettors) are compiled into the total prize pool, and those pools are used to determine the multipliers of the winnings for users. As such, if there are more up than down predictions, the multiplier for an accurate down prediction would be larger and vice versa. While multipliers are variable in the current classic version, the pro version will offer a fixed multiplier of 1.8x and will allow traders to open as many positions simultaneously on any of the assets offered, within a 3 to 30min time frame.

Making Waves - About PRDT Finance’s Tech

To further ensure customer satisfaction, it has also collaborated with ChainLink and is simultaneously using Binance APIs as it allows for greater security by preventing interference with the starting price, locked price or closing price of each round.

Currently, the platform supports predictions on Bitcoin BTC/USD, BinanceCoin BNB/USD, Ethereum ETH/USD, Polygon MATIC/USD and Tesla TSLA/USD

Two Versions: Classic & Pro

PRDT Finance will be offering two versions: Classic and Pro. With the Classic version, your time frames of betting on predictions vary from 5 minutes, 15 minutes, and 24 hours for Bitcoin, and a 3 & 5 minute window for Polygon. 

With the Pro version, however, the timeframes will be extended to 30 minutes, allowing you to select between Crypto, Stocks and Forex assets with a locked-in multiplier as mentioned previously. As well, the treasury fees are waived entirely, increasing your decision-making window and putting other benefits of the platform in your favor.

The Pro version will exclusively launch on Polygon to start and traders will have the possibility to choose between Matic and USDT as a betting currency.

Both versions offer different rules and features as well as specific modified dashboards.

Getting Started

To get started predicting the markets at PRDT Finance, you’ll first need to download Metamask at https://metamask.io/download.html, and get either BNB or Matic depending on the blockchain you are using. If you don’t already have a digital wallet, you’ll need to create one already and, finally, link your Metamask wallet to PRDT Finance to begin profiting from predictions on asset price movement.

With future version updates, a High Roller Arena where the top 5 users are paid out a total of $2,000 every two weeks, and a top notch referral system, PRDT Finance offers you many ways to earn and to benefit from your market knowledge. 

Featured Photo by Art Rachen on Unsplash

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.