Prediction markets are exchange-traded markets designed to trade the outcome of events. The market prices can indicate the crowd’s probability of the event.
The concept of prediction markets dates back to the 1500s, first emerging as a polling mechanism for the outcome of papal elections but has grown substantially as a field of study in theoretical economics in the 1950s.
Now, prediction markets — also referred to as event derivatives, idea futures, or information markets — have become an accepted methodology for aggregating perspectives on potential outcomes of events.
A prediction market is not unlike an exchange; instead of trading assets, users wager on the outcome of events. As with any wagering system, users are rewarded when they predict an outcome correctly. If their predictions are incorrect, they lose the capital they bid.
Rate That Crypto is a new and one of the best crypto prediction platforms with cryptocurrency traders in mind available right now.
Rate That Crypto
Launched in 2022, Rate That Crypto is a decentralised prediction gaming platform that allows users to stake points on the price directions of their favourite cryptos while earning cryptocurrency for their correct insights.
Apart from playing games, Rate That Crypto believes that continuous learning is a crypto holder’s number-one tool for staying on top of the markets. The platform provides the best resources to help users strengthen their crypto knowledge, find new opportunities, and stay updated with the latest trends.
Rate That Crypto is non-custodial — meaning it never holds users’ funds — and does not take any profits from prediction activities. All rewards are made in cryptos, and all processes are transparent and automated.
How Rate That Crypto Works
To use Rate That Crypto, you must first download the app on your mobile phone through the Android or iOS play Store. When you sign up for Rate That Crypto, the platform issues you free points, which you will use to start predicting.
Rate That Crypto also creates a non-custodial wallet to which your earnings are distributed. Your funds will always be in your possession, and you are the only one that can access them.
Once these steps are completed, you can select a market to participate in, pick the outcome you wish to predict, choose a timeframe, and place a forecast.
The aim is to rank among the top 100 players in the leaderboard throughout the monthly season to earn RTC, the native token of the platform, and NFTs.
Being a DeFi-focused prediction platform, Rate That Crypto aims to power crypto-based predictions using distributed ledger technology. In addition, the platform enables participation via a gamified experience by drawing inspiration from yield farming or liquidity mining, as used in DeFi protocols.
Rate That Crypto’s presale stage is ongoing and is considered one of the best crypto presales. Investors appear to agree, with the project receiving a thunderous response from the crypto community. Experts predict that this P2E token will make profits of 100x by 2023.
For more information on Rate That Crypto click the links below:
Presale Website – www.ratethatcrypto.com
Twitter – www.twitter.com/ratethatcrypto
Discord – https://discord.gg/hXhNBE5RRy
Telegram – https://t.me/ratethatcrypto
Reddit – www.reddit.com/r/ratethatcrypto/
YouTube – https://studio.youtube.com/channel/UC4q9c9mYjLBPv4FdQM_RiVg
HOW TO BUY RATE THAT CRYPTO (RTC)
NOTE:
- USD Coin (USDC) on the Polygon network is required to buy the $RTC presale
- Ensure that you have a small amount of Polygon (MATIC) to cover gas fees.
- MetaMask is highly recommended (either desktop or in-app). However, TrustWallet and Coinbase Wallets are also supported
HOW TO BUY USDC (PoS)
OPTION 1: BUY USDC DIRECTLY
- A) IMPORT THE USDC TOKEN
Copy the Polygon USDC token address: 0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174
In your MetaMask Wallet, Press ‘Import token’ and paste the address.
- B) BUY VIA TRANSAK/ MOONPAY USING YOUR CARD
From MetaMask, press Buy and you choose either MoonPay or Transak. You will need to follow their additional steps, likely including KYC depending on your local region
OPTION 2: POLYGON BRIDGE
- A) BRIDGE ETHEREUM TOKENS
Go to the Polygon Bridge and select your Ethereum based token that you wish to bridge to Polygon. Ideally USDC, but you can also bridge ETH, MATIC, USDT etc.
*If you bridge Ethereum based USDC to Polygon USDC, you can skip Step 2 and are done!
- B) SWAP FOR USDC (IF NEEDED)
Select Polygon Swap on the left pane and enter the token value amount that you wish to swap for Polygon USDC. Approve and Confirm the transaction in your Wallet
HOW TO BUY RTC
- A) VISIT RATETHATCRYPTO.COM AND CONNECT YOUR WALLET
Ensure the Polygon Network is selected and then press ‘CONNECT WALLET’
- B) ENABLE PERMISSION
Confirm that you allow the contract to access your USDC balance. Don’t worry, no transaction will occur yet
Enter the $USDC amount that you wish to invest. The minimum investment is $10.
- C) ENTER AMOUNT
- D) APPROVE TRANSACTION
Press ‘Approve Transaction’ and confirm the request in your Wallet when prompted
- E) PURCHASE $RTC!
Press ‘Purchase RTC’ and confirm the transaction once more in your Wallet
