How To Use Pancakeswap Telegram Prediction Mini App/Bot

Telegram Mini Apps have become an integral part of the platform, transforming how users interact within this privacy-focused messaging ecosystem. What started as simple “Bots” in 2015 has evolved into dynamic, lightweight, web-based applications that run seamlessly within the chat interface, allowing users to access services without ever leaving the app. These Mini Apps have quickly gained traction across various sectors, especially within the cryptocurrency space.

Crypto projects have found in Telegram Mini Apps a powerful tool to drive engagement and adoption. Notcoin was one of the pioneers, leveraging this feature to connect with users more effectively and foster participation in the crypto ecosystem. As user interest in digital currencies and blockchain technology continues to grow, so does the popularity of prediction apps, which allow users to bet on the outcomes of various events.

These prediction apps, especially in the crypto world, enable users to guess future events, such as the movement of cryptocurrency prices, sports results, or other real-world occurrences. Users who predict correctly can win rewards, often in the form of cryptocurrencies.

Recognizing the potential of this trend, PancakeSwap recently launched its first Telegram prediction Mini App, allowing users to place bets on the price of BNB directly through the platform. By combining the rise of Telegram Mini Apps and prediction platforms, PancakeSwap offers a seamless and interactive way to engage the growing crypto community.

What is Pancakeswap prediction bot?

The PancakeSwap prediction bot is an extension of the PancakeSwap ecosystem, available on Telegram. This tool allows users to participate in the PancakeSwap prediction game directly through the Telegram app.

The bot enables users to predict the price movement of BNB. Users can choose “Up” if they expect the price to rise or “Down” if they think it will fall. They simply enter their prediction amount and wait for the round to close. If their prediction is correct, they earn a share of the prize pool, multiplied by the round’s multiplier. The minimum amount users can predict is 0.001 BNB.

PancakeSwap is a decentralized exchange (DEX) that was originally built on the Binance Smart Chain (BSC) but has expanded to include Base, Linea, zkSync, and Aptos. It allows users to trade various cryptocurrencies, primarily BEP-20 tokens.

Launched in 2020, PancakeSwap has grown to support multiple blockchains and has become one of the largest DEXs due to its user-friendly design and low trading fees. Users can trade tokens at market prices through a feature called spot trading.

The platform also offers yield farming, enabling users to earn rewards by depositing their tokens into liquidity pools. These pools facilitate smooth exchange operations, and users receive liquidity provider (LP) tokens in return. LP tokens grant users a share of the pool and a portion of the trading fees.

In recent years, decentralized prediction markets have leveraged blockchain technology to enhance transparency and security. Unlike traditional prediction markets, typically controlled by a single authority, decentralized ones operate on a blockchain, making them more resistant to manipulation and censorship.

Developers and project teams can create prediction markets for various events using smart contracts. These coded agreements automatically execute outcomes based on the events’ results.

Key features and workings of the PancakeSwap Prediction Telegram Bot

The Bot lets users predict BNB’s price movements. Users guess whether BNB’s price will rise or fall within five minutes. The minimum bet is 0.001 BNB. If the user guesses correctly, they win a portion of the prize pool, which can be multiplied depending on that round.

Here’s how it works:

1. Launch the bot and connect the wallet

  On desktop:

  – Users need to use a mobile wallet on their phone, such as MetaMask or WalletConnect.

  – Connect this wallet to Telegram by scanning a QR code, approving transactions, and signing with their mobile device.

  On mobile:

  – This can be done directly using MetaMask or WalletConnect through Telegram.

2. Make a prediction – either up or down.

After making a prediction, the user waits for five minutes before the session ends. Users with correct predictions are then rewarded immediately.

PancakeSwap launched the prediction app to celebrate its 4th anniversary, offering $4,444 in rewards. They announced that any user who makes a prediction through the Telegram bot on September 22 will have a chance to win a share of the prize pool.