LeoFinance

Hive Predict: The Polymarket for Hive

Recently I stumbled upon @hivepredict

It's not every day that one finds a gem in Hive's ecosystem, but I think this one deserves more attention. https://hivepredict.app essentially is a betting platform similar to Polymarket on which we can bet on an outcome and place Hive as collateral. A simple idea, but as we have seen elsewhere it has a lot of potential.

Immediately upon using the site, it struck me how polished everything felt. Finally an app where everything works and the UI is streamlined.

Here is an example:

We can see all relevant information on the spot like, the question, the prize pool, the number of bettors, the current as well as the target price etc. To place a bet we simply have to click on which side we favor and enter the amount of Hive we are willing to bet. We can then directly see how much our winning would be and how much we would make a profit. In the graph we can also see how this market has evolved, displaying the chances on what betters think the outcome will be.

Creating a bet

It's also very easy to create a betting market. First, decide on the general topic (for now there are mostly sports and crypto bets). Then we can enter all of the details:

On page 2 we can decide on which token we want to use (Hive or HBD), the stake cap (how much total can be in the pool) and the opening bet (min. is 1 Hive).

After the market has been successfully created, we come back to the landing page we know from before. Since this bet was created last week, you will probably have guessed that I lost this bet since Hive didn't reach >= 6 cents.

However, I did win the oil bet. Over all it seems that there are quite a number of bets which are "easy" to win when one has a bit of background knowledge.

Conclusion

This app is polished, works flawlessly, is easy to use and it has a great use case. Quite frankly, I am not sure why it hasn't blown up more. But I will be creating some more markets - hope to see you there as well!

As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

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Comments · 12

@hivebuzz(74)· 17d

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@wiseagent(82)· 18d
Such a cool way to "play" on HIVE price.

Perhaps, it’s not such an appealing option for those who are anxious, haha!
@databaron(62)· 20d
lost the 6 cent Hive bet but won the oil one, honestly that's how my gut calls usually go too. Who settles the outcome though, is there an oracle or does the market creator decide?
@behiver(78)· 20d
That's pretty cool to have a prediction market also on Hive. Let me check it out! 😉
@tonyz(77)· 20d
Nice! Wasn't aware of it.
@onemanonewrite(60)· 20d
I've tried hivepredict once before and I think it is a good app
@delirius(8)· 20d
Lo de que Hive no llegara a 6 centavos duele xq era una apuesta casi obvia, pero bueno, así es el mercado. Me da curiosidad cómo manejan el tema de resolución de mercados en hivepredict, ¿hay un oráculo o alguien decide el resultado? Pq ahí es donde estas plataformas se caen normalmente.
@hatdogsensei(69)· 20d
I like how the interface is clean and easy to navigate
@ogaaloysius(54)· 20d
Wow, the interface looks amazing. It's always cool to see new tools being built on Hive.

I'm not a bettor myself anymore (on a strict discipline journey!), but I can definitely appreciate the work that went into making this look so professional.

Just followed you — would love to connect! 🙏
@costanza(78)· 21d
I'm trying it out as I write this. The thing though with these prediction markets is that I'm only really betting on the Belgian football league where I have reasons to have an edge and spot crypto. So usually with these prediction markets I go 'cool but not really for me'
@earnology(52)· 21d
It is always refreshing to find a dApp that actually works smoothly right out of the gate. Having the option to use HBD for bets makes it a lot more practical too.
@indiaunited(71)· 21d
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