Guess the Price
Last updated
Last updated
Many companies conduct online quizzes to guess the specs or price of their yet-to-be-launched products. Conducting these quizzes is a marketing strategy to spread awareness regarding their yet-to-be-launched products. There can be a large number of participants in this kind of quiz.
However, the reward for participating in these quizzes is relatively low, and there is no guarantee that a user gets the reward even if he answers the quiz correctly.
In the guess the price module, we create a community-based game where users can guess the price correctly and win IDC as a reward. Like voting and earning, the reward received by a winning user is proportional to his bet on the correct guess.
The guess the price module also helps the companies read the customers' minds regarding the price of the yet-to-be-launched product.
An advertiser creates a new guess the price game and commits the correct answer for the quiz on the Blockchain. Committing correct answers ensures that advertisers do not change the answer later in the contest.
Whenever a new guess the price quiz is created, a notification is sent to all the DonBangSeok application users.
In the application, users are provided with options and the amount of bet placed on each option.
Users have to choose an option and place an IDC token as a bet on the selected option.
When the contest ends, the answer to the quiz is announced.
Then, the users who have guessed the answer correctly receive a reward proportional to their bet on the correct guess.
