One-on-One Prediction Match
The One-on-One Prediction Match introduces a competitive feature to Polyquest, allowing users to engage directly in head-to-head prediction challenges. This feature adds excitement, boosts engagement, and deepens the use of $POLY tokens within the ecosystem.
Overview:
In the One-on-One Prediction Match, a creator initiates a prediction on a specific outcome and locks their prediction by depositing funds. Opponents can join by taking the opposite stance. Both sides deposit their voting means into the smart contract, and upon resolution, the winner takes the entire prize pool, including the creator’s fee. Additionally, users can spectate and predict which of the two participants will win, adding a community-driven layer of engagement.
Smart Contract Logic:
The One-on-One Prediction Match feature relies on smart contracts to ensure fairness, security, and automated payout distribution. Here’s how the contract logic functions:
Match Creation:
A creator starts a one-on-one prediction by interacting with a OneOnOneMatchFactory contract.
The creator's position (prediction) is logged on-chain, and they deposit their voting means (e.g., 1 SOL or equivalent in USDC or $POLY) into the smart contract.
A deadline for participation is set, ensuring that other users have time to join the match.
Opponent Entry:
Once a creator initiates a match, the contract awaits an opponent who must take the opposite position.
The opponent deposits their voting means into the smart contract, matching the creator’s stake.
The match contract locks both deposits until the event resolves.
Resolution and Winner Payout:
Upon event resolution, the contract queries the result through Polyquest’s Oracle System or other external trusted oracles, determining the correct outcome.
The smart contract releases the entire prize pool (including creator’s fees) to the winning party.
For added fairness, the smart contract includes dispute resolution logic, ensuring that potential disputes can be handled transparently.
Side Betting and Audience Engagement:
Spectators can predict which of the two participants will win. Their predictions are stored in a separate SpectatorPrediction contract, where they deposit their stake (e.g., USDC or $POLY).
Upon resolution, winners from side bets are rewarded in proportion to their stake, following Polyquest's standard reward distribution mechanisms.
Smart Contract Features:
Secure Staking: All funds (SOL, USDC, $POLY) are securely held in the smart contract, preventing withdrawal until the event has been resolved and the outcome confirmed.
Oracle Integration: The smart contract relies on Polyquest’s Oracle Governance System for trusted outcome verification. Decentralized validators confirm the event outcome, ensuring fairness and transparency.
Gas Efficiency: Smart contracts are optimized for low gas fees, particularly on Solana, to ensure users can participate without high transaction costs.
Automated Settlement: Upon event resolution, the smart contract automatically settles the match, distributing rewards to the winner (or spectators, in side bets).
Game Theory and Economic Incentives:
High-Stakes Competition: By setting a minimum entry requirement (e.g., 1 SOL), the matches are designed to attract serious participants and incentivize large pools.
Winner-Takes-All Dynamic: This all-or-nothing approach encourages competitive strategies, as participants risk their entire stake for a significant reward.
Spectator Engagement: Spectators are incentivized to engage with the system by predicting the outcome of matches, adding liquidity and volume to the Polyquest ecosystem.
Marketing and Growth Opportunities:
Community Growth: By integrating social features like Blinks, participants can share their matches and outcomes on platforms like X, driving organic growth and social engagement.
Cross-Promotions: Through collaborations with key partners (e.g., meme coin projects or influencer communities), Polyquest can promote One-on-One matches as exclusive or sponsored events, further expanding reach.
Airdrops and Rewards: Additional $POLY airdrops or special rewards can be introduced for those who frequently participate in One-on-One matches or predict match outcomes correctly.
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