Interesting idea, but how sure are you that Bitcoin price is random? If someone is able to accurately predict the price all the time, he/she will be the winner all or most of the time. Centralized Prediction Markets wouldn't be fair to such people... they will likely think they are cheating and have their funds seized then try to get them arrested. The player will try to avoid the centralized exchanges for lottery, betting or predictions. This is why I like the idea of decentralized lottery or prediction markets.
Maybe more than one person should be able to win 1st, 2nd & 3rd places daily so it doesn't feel unfair and boring to people who play constantly without winning.
The NFT part should be done on sidechains rather than mainchain though.
Thank you for this constructive comment, which raises several interesting points.
- ETFbitcoin it gives a good start to an answer, indeed the price of bitcoin is not due to chance but responds to mathematical chaos, it is therefore by definition unpredictable, apart from insider delirium... If someone wants to manipulate this market they must use astronomical sums to have a real impact, so to cheat the lottery it may not be lucrative
- Earning several people every day was an option that we ruled out, simply because our NFTs on Bitcoin are exchanged at a lower cost via our marketplace. So we want to maximize the "prediction exchange" aspect which makes the game much more user-friendly and exciting. Moreover a lottery is much more thrilling if the jackpot is worth it.
In short, we introduce the possibility of developing real strategies and we can't wait to see groups forming to try to win thanks to their brains.
- The NFT part is based on the Ordinals recently appeared on Bitcoin, it is for us the opportunity to offer a first concrete use case of these, the use is simple and the costs are very correct thanks to a prediction compression. Also the principle of "Quantition" that I recently developed contributes to a fluidity of the marketplace while reducing costs to a minimum. I will talk about it just below