Crypto Price Predictions With BCH Guru!

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Written by

Pantera

Bitcoin Is Cash

11 months ago

Topics: Crypto, Cryptocurrency, Bitcoin Cash, BCH, CASHTOKENS

In May 2023, the Bitcoin Cash upgrade Cashtokens enabled on-chain smart contracts, marking a new era for Bitcoin Cash with tokenization (of fungible and non-fungible tokens) and unlimited possibilities.

One of these awaited developments was the BCH Guru price predictions platform, now live on CashTokens-BCH.

The beta version of the on-chain price predictions platform of BCH Guru has been launched. FURU token holders are placing their bets on the price action of Bitcoin BTC, Bitcoin Cash, and Ethereum.

With BCH Guru, we can place our predictions regarding the price of these three assets on the Bitcoin Cash chain.

In this story, we review the BCH Guru price predictions platform and test with some FURU tokens to the best of our predictive abilities!

The Guru Of Bitcoin Cash

BCH Guru is the top NFT project on Bitcoin Cash, having successfully sold two rounds of NFTs (2000 each for 440BCH) with three more rounds remaining for the collection to be fully minted.

The launch of the predictions game is marking the progress in the roadmap and utility of the FURU token that allows users to place bets without paying platform fees.

To begin with BCH Guru, we have to set up our Cashonize wallet, write down the secret phrase, and fund the wallet with some FURU tokens and BCH.

FURU tokens are traded in Cauldron DEX which is the first CashTokens DEX on Bitcoin Cash.

The Platform

The platform's interface is flawless, employing the characteristic theme font of BCH Guru.

We can place our prediction or accept a price bet from another player.

Placing Bets!

When placing bets using FURU tokens, we pay no platform fee.

Currently, only FURU tokens are allowed during the beta stage. BCH bets will also apply with the official release, but platform fees will apply for bets using BCH at a 6% rate.

Therefore, we can immediately see the advantage of FURU tokens.

Each contract transaction on BCH Guru will also require BCH for fees (around 5000 sats in total - less than $0.01).

We can place bets for the price of BCH, ETH, and BTC for a selected date and time.

During the beta stage of the platform, we can use only FURU tokens for our predictions. The maximum bet is 100,000 FURUs, while the minimum is just 1 FURU.

We also set the time after which our bet will be released if not met by another player.

In this case, the player that made the bet gets refunded.

We connect our Cashonize wallet:

Approve the session:

We can now use our FURU tokens to place our bets.

Again, remember we will need a small amount of BCH for the tx fees.

Bitcoin Cash fees are extremely low (lower than a penny), therefore it is best to keep a small amount of BCH for our transactions.

Here's what the game log looks like:

At the end of each game, the one closest to the real-time price of the asset selected (BCH, BTC, or ETH) will be the winner.

The price is determined by an Oracle service (oracles.cash), provided by General Protocols.

Setting Up A Username and Avatar

We can change our username at any point.

BCH Guru NFT holders can also select their favorite NFT as an avatar:

The platform will also pay a small dividend from the platform fees to accounts that hold BCH Guru NFTs.

We can find various stats like the live games and the total FURU tokens placed in bets, as well as information on live matches.

The ongoing game activity is sorted based on the time remaining for the bet.

In Conclusion

BCH Guru delivers an attractive product for the CashTokens-BCH ecosystem.

The platform boasts charming graphics and a distinct theme, as established by the BCH Guru NFTs ecosystem.

Bitcoin Cash has some incredible developments over the last few years that showcase the skills of this community and the desire to innovate and present decentralized and permissionless financial solutions for the world to use.

What truly matters are the principles of the permissionless nature of Bitcoin Cash and the scalability with the potential to accommodate global adoption.

With CashTokens, Bitcoin Cash enters the field of on-chain miner-validated smart contracts.

BCH Guru is currently the finest example of the new capabilities of Bitcoin Cash, and we should expect quality developments in 2024.