Topic: What do you think of Predict to Earn Model? (Read 127 times)

There are many different "models" in the market and not all of them actually provide you anything because it is not the model that makes the money but the system. If the project is done well then you could make very same of bitcoin and still be good, if you make something shitty then you can make the most popular and hyped model and you would still not make any money at all, all of these matters in the end.

I personally believe that we are going to end up with basically nothing in the end, we need to make sure we are dealing with something profitable as a project basis and not the model. If you only focus on the model then you are not going to make any profit at all, since model is not the thing that could make any project go up in price at all.

Developers are coming up with many ideas, we have played to earn and moved to earn in the past and all these projects failed to sustain their development, and investors lost a lot of money.
Now we have this Predict to Earn Model a new concept that bounds to fail, but I'm sure many investors will take a look at its potential as we all know investors keep looking for new concepts to hype, especially the whales, and since this has an APY investor will take this opportunity to earn more.
And checking on the market there's an initial hype

https://www.coingecko.com/en/coins/green-bitcoin but that hype will not sustain just like all the other to earn model or concept.

I get where you're coming from, but I wouldn't completely write off predict-to-earn models just yet. It's a pretty unique concept that could potentially do well long-term. Sure, some may not last after a bull run, but others could stick around by finding ways to sustain user interest.
I'm personally i staked some via PoolX event on Bitget to get exposure to these kinds of predictive platforms. Worth keeping an open mind as the space evolves, my 2cents thou .

It's never enough for a project to just have features of prediction and speculations to earn. There are hundreds of gambling sites available which allow users to earn by these same models.

For a project to run for long terms and have a high hype over experienced and technical investors it might have some problem solving features. The more a project is solving social issues the more hype it'll get.

With numerous projects emerging lately, it can be overwhelming. As others have pointed out, the APY appears attractive, but its sustainability is a valid concern. The concept itself is intriguing, and I might explore it further, particularly since PoolX offers a risk-free opportunity to mine the token and earn it hourly. I'll observe its development and report back on my experience.
https://www.bitget.com/events/poolx

Certainly, It is very challenging to predict/speculate cryptocurrencies market correctly over the period of time and they share their predictions/analysis free of cost.The sustainability of the project is the main concern for the management is to ensure distribution of rewards. however, there are several other avenues where chances of success are greater, such as, building strong community and fostering partnerships, collaborations and exploring additional revenue streams.

This sounds shady to me. 125%? Where the hell this yield is coming from. Even pendle never offered more than 80% APY. This is not even worthy to try.

What's the different with futures. I see no difference with it.

Based on your explanation if the project is not even worth to take a look. Some things don't even make sense like its APY.

Where's all these yields from? I wouldn't bet on it because I know that such projects are going to die down very fast. Almost as fast they launch as those kind of yields are not sustainable except the project is earning an unbelievable amount of revenue that is being funneled into those yields. Based on your explanation alone, I won't be showing up or touch it even with a 10th foot pole because whoever gets in at this point is setting themselves up for losses when those yields begin to diminish.

IMO, these models have their seasons that you're not going to see most often. There could be issues when the bull run is done and the majority of these models that have been built aren't going to last long. That's why I have stopped with looking into these "-to-earn" models because they're not going to be as good as the typical and established cryptocurrencies.

Seems to be such a flawed model with a lot of centralization issues by just reading your description. Why is such a token needed if people can just "predict to earn" through futures or options trading? we also even have crypto-native gambling sites already.

Prediction and speculation are already things that a lot of investors do even without rewards as they are also trying to make the most out of their investments. The only challenge I can think of is how can a project sustain giving out rewards?

I think there needs to be other ways in order for the project to earn and succeed.

Probably you guys know that P2E/M2E and others have faded away in continuous hype.. It's not the same thing anymore or whatever you wanna call it.. People used to earn a lot of money through these models and the reward has been low and still on that way.. I think if we look at other concept like Predict to Earn. It may live up to its own hype and never die, because why? you're getting rewarded by staking and predicting movement of crypto price.

Similiarly I noticed Green Bitcoin has come up with this concept of Predict to Earn and also an unique mechanic called Gamified Green Staking. It's built on Ethereum Blockchain, since it aims to be a greener alternative to Bitcoin. Their $GBTC token has been in a presale that concluded with a remarkable $9.5 million raised from investors, then it went live on Uniswap first and then eventually it got listed on Bitget.
The whole thing is you stake your own $GBTC tokens, to earn up to 125% APY rewards and with that along, you make your predictions about the price of Bitcoin. Once you get a successful prediction, you might end up earning rewards with high yields.

Now you may feel that the project might not be worth it so that's why DYOR is important for you to do. I feel like they can pull this off with this concept.. So what do you think?