In a bid to maintain its strong presence in the decentralized finance (DeFi) market, PancakeSwap introduced an AI-integrated Telegram bot on September 11, 2024.
This bot brings PancakeSwap’s existing prediction market functions to the Telegram platform, allowing users to predict BNB prices in real-time, making it easier for a broader community to access the prediction market.
The launch of this bot is PancakeSwap’s response to the growing interest in prediction markets, particularly among crypto users.
“We see a huge opportunity here. We see the popularity of Telegram bots increasing and wanted to provide a more convenient, mobile-friendly solution so users can stay engaged with the market more easily,” said the PancakeSwap team, as reported by Cointelegraph.
How PancakeSwap’s Prediction Bot Works
PancakeSwap’s prediction bot allows users to estimate whether the price of BNB will rise or fall within a five-minute interval.
Users can participate by placing a prediction with as little as 0.001 BNB—approximately US$0.51 at the time of writing. Participants will receive a portion of the prize pool if they make a correct prediction, with a round multiplier boosting the pool and offering even greater profit potential.
While the initial launch of the Telegram bot only supports BNB price predictions, PancakeSwap hinted that the bot will expand to other blockchain networks based on user feedback and evolving market conditions.
To celebrate the bot’s launch, PancakeSwap announced a giveaway worth US$4,444. Users participating in predictions through the Telegram bot on September 22 will have a chance to win part of the celebration prize.
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