Solana Ecology Drift Launches BET Prediction Market

Bittime - Drift, a Solana-based protocol, launched BET, a crypto prediction market. Discover these latest innovations that strengthen the Solana ecosystem. Read in full!

Solana Ecology Drift Launches BET Prediction Market

Drift, a Solana-based perpetual contract trading protocol, recently announced the launch of their newest prediction market, BET. 

This prediction market aims to provide traders with the opportunity to earn additional income while maintaining their trading positions. BET underwrites more than thirty crypto assets, strengthening the Solana ecosystem with innovations in predictions.

Also Read: THORChain dan ShapeShift DAO Rilis Fitur rFOX

BET Investment Worth US$500 Million

BET stands for “Bullish on Everything”, investing an incredible amount of money of US$500 million. This move shows how serious Drift is about expanding their ecosystem and adopting new people.

BET has launched two prediction contracts on the US presidential election with total bets of more than $300,000 since launch. 

In the near future, they plan to expand their prediction category to other areas such as sports, crypto assets, and global economy.

Innovation in Crypto Prediction Markets

This BET Solana prediction market provides traders active on the Drift platform with additional value by allowing them to use various crypto assets as collateral. 

This provides flexibility and diversification in their trading strategies. To encourage wider adoption, Drift also provides incentives to traders staking with FUEL tokens. 

Future Expansion and Growth Potential

BET has great potential to grow and dominate the crypto prediction market with a liquidity pool of US$500 million. 

By expanding into other prediction categories, such as sports and economics, BET will expand and attract more users to Drift.

Conclusion

With a major investment of US$500 million, BET strengthens Drift's commitment to expand the reach of their ecosystem, Drift's launch of the BET prediction market, a Solana-based perpetual contract trading protocol, marks a major innovation in the Solana ecosystem. 

BET has the potential to become a dominant player in the crypto prediction market with plans to expand into categories such as sports and global economics, which it hopes will attract more users to the Drift platform. 

This prediction market also provides flexibility for traders by allowing the use of various crypto assets as collateral.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.