In the trillion-level competitive betting industry facing a trust crisis, how does HashEpoch leverage Web3 thinking and technology systems to achieve reconstruction and breakthrough?

In people's lives, "predictive gaming" is ubiquitous—ranging from participating in lottery activities on social media to purchasing blind boxes, scratch cards, and lottery tickets, which are filled with randomness and the joy of guessing. Almost everyone has participated to some extent.

This has also given rise to a massive market with billions of users. According to a British predictive gaming company, the global compliant predictive gaming market exceeded $500 billion in 2023.

Unfortunately, "predictive gaming" has not improved with the development of technology and the internet.

For example, familiar lottery activities and other guessing games are often questioned for having "pre-determined lists," "sales-based draws," and even "locked prizes" due to opaque operations. Centralized platforms control the entire process, leaving users unable to see the process or verify the results, leading to a norm of distrust. As long as the predictive systems remain opaque and tamperable, this crisis of trust is hard to eradicate.

Thus, ensuring transparency and fairness in all aspects, from prize settings to draw redemption, to instill a sense of trust in users has always been a challenging pain point.

However, the emergence of Web3 technology offers new possibilities to address this pain point.

For instance, the Polymarket platform, which focuses solely on event prediction in the predictive gaming market, has performed excellently during the U.S. elections, becoming one of the most talked-about products.

Yet, event prediction is just a small niche in the predictive gaming market, and there are even larger market gaps that require Web3 technology innovation.

The decentralized predictive gaming platform HashEpoch on the BNB Chain ecosystem targets the pain points of this vast market, aiming to create a decentralized predictive gaming world characterized by transparency, immutability, and traceability based on Web3 technology.

Why is fraud and manipulation in the "predictive gaming" market difficult to eradicate?

The demand for guessing can be said to have existed since the dawn of human civilization. As early as 2000 B.C., activities like dice throwing, divination, and drawing lots were already forms of guessing and entertainment.

Modern "predictive gaming" originated from the "Florentine lottery" in Italy in 1530, which quickly spread across Europe and became a tool for government fundraising.

Since then, through evolution in various regions around the world, "guessing" has gradually become a mode of entertainment in public life. As players enjoy the process, the profits from "guessing" have increasingly been used for public construction (such as bridges and schools) and charitable causes.

Various countries or regions have also legalized sports lotteries and welfare lotteries.

With the development of the internet, "predictive gaming" has transitioned from offline to online, covering a much larger user base and touching all aspects of life.

However, such a widely prevalent "guessing" activity has been mired in controversy due to fraud and manipulation.

For example, in 2009, the British "Camelot" lottery terminal was exploited by retailers using the terminal's delayed printing function to commit fraud. When the terminal displayed a winning ticket, the retailer would immediately cancel the print and repurchase the ticket themselves. In 2015, Spain's "Christmas Lottery" live draw was exposed for using pre-recorded videos, raising questions of human manipulation.

When online "predictive gaming" emerged, it potentially made trust issues even more pronounced than offline. They can manipulate outcomes more quickly and broadly using algorithm changes, AI, and other technologies.

Despite various technological supervision and legal regulation efforts to address fraud and manipulation issues in "guessing," the traditional predictive gaming market cannot fundamentally solve the problem as long as it relies on centralized organizations.

Moreover, aside from fairness and transparency issues, the market lacks any real methods and innovations that truly serve users.

In summary, the traditional predictive gaming market has two layers of pain points.

First is the trust and security aspect, including the lack of fairness and transparency in the gaming process, user fund safety, and opaque core data.

Second is the service and incentive aspect, where the lack of incentive mechanisms leads to insufficient user engagement, a lack of investment opportunities in ecosystem services, and insufficient diversity in predictive gaming types.

However, with the development of Web3 technology driven by decentralized trust mechanisms, it can significantly reduce or even eliminate fraud and manipulation in the predictive gaming field, while also providing solutions for user services.

Web3's core technology relies on decentralized ledgers, smart contracts, and on-chain governance, ensuring data immutability and traceability, eliminating centralized institutions' control over data, and enhancing user information privacy.

Additionally, some token economies in Web3 introduce new incentive models, allowing players to earn diverse behavioral rewards through participation in on-chain data interactions, forming a revenue mechanism based on behavioral economics and consensus economics.

The transition of traditional predictive gaming platforms to Web3 can be said to be an irreversible trend.

Targeting Pain Points: HashEpoch's Four Major Innovative Mechanisms

How specifically can Web3 technology characteristics be utilized to address the trust crisis and inefficiency in the predictive gaming market, creating a fairer and more advanced predictive gaming platform? HashEpoch has implemented four major innovations:

Through a hash verification mechanism, ensuring that competition results are immutable and traceable. In traditional predictive gaming scenarios, competition results may be manipulated behind the scenes, affecting user trust and participation enthusiasm.

HashEpoch introduces a hash verification mechanism to prevent malicious tampering. Since data modifications change the hash value, the system can quickly detect anomalies. Moreover, the hash verification calculation is fast, generating hash values quickly regardless of data size, ensuring efficiency even when processing large amounts of data without significantly increasing system burden.

Utilizing smart contracts to ensure the security of platform asset custody and operations. When assets are controlled by smart contracts, they are automatically transferred when conditions are met, avoiding risks of human manipulation, and every transaction is clear and traceable. Additionally, contract code can be publicly audited to ensure user asset security.

Loss compensation mechanism to protect user interests. Predictive gaming activities inherently carry certain risks, and users may face losses during participation.

Therefore, HashEpoch has introduced a loss compensation mechanism, allowing users to apply for loss compensation when their funds incur losses (negative net value) during predictive gaming. This triggers a minting compensation contract, which releases minted tokens based on the user's net loss situation within a specified period to compensate the user.

User behavior economic reward mechanism to enhance user participation enthusiasm. Traditional predictive gaming platforms rarely have sustained user incentive measures, while the designed economic reward mechanism records user behaviors such as participation, invitations, and content contributions, providing different rewards like platform tokens and NFTs to boost user engagement.

In addition to ensuring fairness and efficiency in predictive gaming, in terms of compliance, HashEpoch holds multiple national online gaming licenses and qualifications.

From a Single Platform to an Open Predictive Gaming Ecosystem

HashEpoch is not just a single predictive gaming platform; it aims to become a continuously expanding and improving Web3 predictive gaming ecosystem.

HashEpoch's predictive gaming platform encompasses various types of predictive gaming projects, attempting to meet the diverse needs of different user groups. Its main product forms include three major sections: the Competitive Square, Activity Square, and Ecological Square.

In the Competitive Square, HashEpoch has compiled and integrated the top 10 mainstream predictive gaming projects internationally, providing users with a better user experience and fair competition needs through a decentralized model and fair transparent mechanisms.

At the same time, HashEpoch will also list more excellent projects through incubation or voting methods, currently planning to participate in over 20 competitive projects through incubation and investment.

By the end of February, the HashEpoch Foundation had injected $20 million into the HashEpoch platform to launch the predictive gaming section and establish a prize pool fund, ensuring the smooth release of projects and guaranteeing 100% prize payouts.

In the Ecological Square, HashEpoch primarily provides users with a variety of value-added services related to asset and predictive gaming processes. For example, users can engage in asset trading, liquidity provision, yield management, and participate in dividends in the Ecological Square.

In the Activity Square, users can participate in various activities and tasks and earn rewards by completing them. Whether it's knowledge competitions, puzzle games, or predictions for sports events and esports competitions, users can find suitable predictive gaming projects in the Activity Square.

In addition to these three core square sections, the HashEpoch platform is also actively integrating with fields like NFTs and DeFi, striving to build a diversified Web3 predictive gaming ecosystem. For instance, the HashEpoch platform has launched NFT cards with unique attributes and exclusive rights, which users can mint and trade for free, with each card offering special privileges and hidden rewards.

Moreover, to enhance fund utilization, HashEpoch will also introduce various DeFi use cases for its native token, such as earning rewards and dividends through staking multiple tokens or providing LP (liquidity provider) liquidity to earn rewards and token dividends, achieving efficient asset utilization and diversified returns.

Aiming to Cover Over 100 Million Users and Become the Preferred New Generation Predictive Gaming Platform for Players

HashEpoch is committed to leveraging Web3 technology to drive innovation across the entire predictive gaming industry.

Firstly, in promoting industry standardization, the mechanisms employed by HashEpoch, such as hash verification, smart contract custody, and user behavior rewards, may provide a reference standard for the operation and management of decentralized predictive gaming platforms.

Secondly, by deeply integrating Web3 technology with predictive gaming scenarios, HashEpoch is expected to attract more technology developers, enterprises, and investors to focus on and invest in the field of Web3 combined with predictive gaming.

Additionally, in enhancing user awareness of decentralized platforms, HashEpoch aims to provide users with a better experience, fair and transparent mechanisms, and diverse functionalities, allowing them to genuinely feel the advantages of decentralized platforms, gradually shifting their reliance on traditional platforms, and cultivating trust and preference for decentralized platforms.

However, achieving Web3's innovation in the traditional predictive gaming industry poses significant challenges for the team. HashEpoch has currently assembled a composite team with backgrounds in the traditional predictive gaming industry, Web3, and media channel resources.

The traditional predictive gaming industry background allows HashEpoch to better understand business logic while possessing top-tier project issuer background resources. The Web3 technology team of HashEpoch provides the foundation for the platform's decentralization, fairness, and efficiency. Meanwhile, media channel resources offer certain advantages for the platform's cold start and subsequent liquidity.

HashEpoch's vision is to cover over 100 million users in the future, becoming the preferred new generation comprehensive service platform for Web3 predictive gaming.