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PancakeSwap Launches First-Ever Prediction Telegram Bot (Beta) in DeFi

DATE POSTED:September 11, 2024

In a groundbreaking move that aims to bring decentralized finance closer to the masses, PancakeSwap has launched its first-ever Prediction Telegram Bot – Beta for predictions on BNB Chain.

The Prediction Telegram Bot is set to transform how users engage with the platform’s prediction market, combining the power of real-time price forecasting and its prediction market product with the unparalleled convenience of Telegram, one of the world’s most widely used messaging apps.

For years, PancakeSwap’s Prediction product has been a community favorite, allowing users to forecast BNB prices in real-time. Now, with the Prediction Telegram bot, this much-loved feature is available at users’ fingertips—wherever they are. Users can access the bot directly via a web link and predict whether BNB prices will rise or fall every five minutes, just like on the web version.

Pioneering the First Prediction Telegram Bot in DeFi

Telegram bots have become a popular and essential tool for crypto enthusiasts and DeFi users, providing instant access to market updates, transactions, and now—thanks to PancakeSwap—price predictions. PancakeSwap’s Prediction Telegram bot allows users to forecast whether the price of BNB on the BNB Chain will rise or fall every five minutes, with a sleek and intuitive interface.

Whether users are already seasoned predictors on PancakeSwap’s web platform or just looking for an easy way to engage with the DeFi market, the PancakeSwap Prediction Telegram bot offers a fast, mobile-friendly solution. With the rise of bots in Telegram communities, PancakeSwap’s latest addition is poised to tap into a user base looking for convenience, accessibility, and real-time financial engagement.

How the PancakeSwap Prediction Telegram Bot Works

The Telegram bot offers the same features as PancakeSwap’s popular web-based prediction market but in a format tailored for Telegram users.  Here’s how it works:

  • Step 1: Users can open the PancakeSwap Prediction Telegram bot on Telegram
  • Step 2: Predict whether BNB’s price will go “Up” or “Down” within a five-minute window.
  • Step 3: Enter the prediction amount (minimum threshold: 0.001 BNB).
  • Step 4: After the round closes, users with correct predictions receive a share of the prize pool, boosted by the round’s multiplier.
Celebrating PancakeSwap’s 4th Birthday with $4,444 in Rewards

In addition to launching this pioneering bot, PancakeSwap is sweetening the deal with a special giveaway of $4,444 in rewards. Every user who makes a prediction via the Telegram bot on September 22 will be entered for a chance to win a portion of the celebratory prize pool.

For more details, visit: website.

As the first DeFi platform to launch a prediction bot on Telegram, PancakeSwap is setting the stage for even greater innovation in DeFi engagement. For more information, visit the official announcement blog post or follow PancakeSwap on X/Twitter.

About PancakeSwap

PancakeSwap is a leading multichain decentralized exchange that operates on an automated market maker (AMM) model and is available across nine chains: BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. Launched in 2020, PancakeSwap is one of the most popular DEXs in the cryptocurrency industry due to its low transaction fees, high-speed trading, and user-friendly platform. PancakeSwap has over $1.2 trillion in total trading volume and over $1.6 billion in total liquidity locked, making it the leading multichain DEX in the industry.

For more information, visit website.

The post PancakeSwap Launches First-Ever Prediction Telegram Bot (Beta) in DeFi appeared first on BeInCrypto.