🦑Squid Bet Competitions (SBC)
Paying hommage to the TV Series, The Squid Bet Competition is a win-it-all Prediction competition where players are participating during rounds to ultimately win a final prize pool, and where after each round, losing players are eliminated.
We added a few twists to make it even more exciting, such as:
500 players during 5 rounds, 1 round per day
Each round is a traditional binary prediction based on a real-world event with a fixed prediction amount. It can be in any category and will change between each rounds, predictions will also become harder after each round.
At the end of each round, the losing side is eliminated and the remaining players advance to the next round
As Consolation prize, a commemorative SBC NFT's will be distributed to every losing players after each round (more details in the next section)
After the fifth and last round, if there is only one player remaining, he/she will be declared the Squid Bet Winner and will receive the entire prize pool.
If there is more than one player remaining, a transparent vote will take place on the blockchain. Like in the show, every last remaining player can vote, either to equally split the prize pool between the remaining players or let the fate decide and pick a random number among the last participants*
Not only this competition will become more exciting and tense after every rounds, but it will surely guarantee a lot of fun and suspense for the UltiBets Community! *UltiBets is using Chainlink VRF feature in our smart contracts to get total randomness on the blockchain.
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