A Price Prediction Contest is a competition in which participants try to guess the price of Bitcoin at a specific date or time in the future for a prize reward. The participant whose prediction is the exact or closest by the decided time or date wins the contest.
A few potential benefits for hosting a Price Prediction Contest:
1. Engagement and Brand Awareness.
A contest attracts attention, increasing project engagement and the host's brand awareness.
2. Community Building.
Such contests attract more users from the community sharing the same interests.
The project can gain more users for its platform among the participants.
3. Revenue Generation.
The brand might pay the winners through its platform, requiring users to be members and making them potential customers for the platform along with the winners.
These are just a few benefits a project can get from hosting a Prediction Contest.
