PRDT

Overview of PRDT

PRDT, a so-called top-tier crypto betting platform dubbed as the pioneer in DeFi price prediction and decentralized markets, prides itself on offering a speculative playground for enthusiasts to dabble in volatile cryptocurrency betting. With a scattered presence across multiple chains like a trail of breadcrumbs, PRDT lures users into quickfire prediction markets where they can place bets on the whims of the volatile crypto and forex landscapes. Proclaimed as decentralized, the platform leans on Pyth price feeds to keep the illusion of precision intact, while flaunting audits done by the industry's supposed sheriff, Certik & Vibranium.

Pros & Cons

Pros

• Competitive fee structure: PRDT offers a competitive fee structure with no deposit or position opening fees in PRDT Pro and transparent Treasury fees in PRDT Classic. This can attract traders looking to minimize costs and enhance their trading profitability.
• No deposit or position opening fees in PRDT Pro: PRDT Pro does not charge any deposit or position opening fees, providing a cost-effective trading environment for users.
• Transparent refund policies: PRDT's transparent refund policies ensure that users receive refunds in case of canceled rounds or rounds ending at the same price, adding a layer of security and trust for traders.

Cons

• Unregulated: PRDT operates without regulation from any financial authority, which increases risks for clients as the company doesn't have to adhere to any established financial standards nor offer protections typically required by financial regulators.

Regulatory Authority

Currently, PRDT has not been regulated by any notable authority. This lack of regulation can be seen as a disadvantage for traders. When an exchange is unregulated, it means that there may be a lack of oversight and accountability.

Security

PRDT has implemented a range of security measures to ensure the safety and protection of its users and the platform. Some of the key security measures taken by PRDT include:

• Non-Custodial Trading: PRDT operates on a non-custodial basis, meaning users have control over their funds and trades, reducing the risk of funds being held by the platform.
• Decentralized Captcha System: PRDT has integrated a decentralized Captcha system to verify user identity and prevent automated bot activities, enhancing platform security and fairness.
• Bot Detection and Immediate Action: PRDT utilizes sophisticated algorithms to detect and identify bot activities on the platform. Upon detection, immediate action is taken, including banning the respective user's account.
• Payout Reduction for Banned Users: Users who engage in bot activities and are banned will experience a decrease in their payout to discourage further attempts at using bots on PRDT.
• Anti-Bot Security Enhancements: PRDT has enhanced its anti-bot security measures by introducing an additional layer of defense to its system, continuously adapting and improving detection methods to stay ahead of malicious actors.
• Reporting Mechanism: PRDT encourages its community members to report any suspected bot activity to its support team, allowing for proactive responses to potential security threats.

Cryptocurrencies Available

PRDT currently supports various cryptocurrencies on its platform for price prediction markets. Some of the cryptocurrencies available on PRDT include:

• Bitcoin (BTC)
• Ethereum (ETH)
• Binance Coin (BNB)
• Cardano (ADA)
• Solana (SOL)
• Polygon (MATIC)
• Ripple (XRP)
• Litecoin (LTC)
• Polkadot (DOT)
• Chainlink (LINK)

These cryptocurrencies provide users with a diverse range of options for participating in price prediction markets on the PRDT platform.

Services

PRDT offers a range of major services to its users within the decentralized price prediction platform. Some of the key services provided by PRDT include:

• Price Prediction Markets: Users can participate in price prediction markets for various cryptocurrencies and traditional assets, predicting the price movements and earning rewards based on their accuracy.
• Non-Custodial Trading: PRDT operates on a non-custodial basis, meaning users have control over their own funds and trades, enhancing security and transparency.
• Anti-Bot Security Measures: PRDT implements anti-bot security measures, including a decentralized captcha system and bot detection, to protect the platform from automated trading activities and maintain fairness.
• Fee Structures: PRDT offers different fee structures such as PRDT Classic with a Treasury fee and PRDT Pro without opening fees, giving users options for fee management.
• Cashback Referral System: PRDT features a cashback referral system where users can earn rewards by referring new users to the platform.
• Governance Token: PRDT is working on launching a governance token that will provide users with various benefits and perks within the PRDT ecosystem, such as earning a share of platform profits and voting rights.

PRDT APP

PRDT offers a user-friendly app available on both PC and mobile devices, providing convenience and accessibility. They provide different account options, including Pro and Classic, catering to various trading preferences. Clients can access this App by clicking on “Launch App”. Clients should carefully consider the features and requirements of each account type before making a decision.

How to Buy Cryptos？

Here is the revised and detailed step-by-step guide on how to buy cryptocurrencies on PRDT:

• Create an Account: Visit the PRDT platform's website and create a user account by providing the necessary details and completing the registration process.
• Decide Between PRDT Classic or PRDT Pro: Before proceeding, you need to decide whether you want to use PRDT Classic or PRDT Pro. PRDT Classic charges a Treasury fee, while PRDT Pro does not have opening fees. Consider your preferences and fees structure to choose the suitable option for your trading needs.
• Deposit Funds: Once your account is set up, deposit funds into your PRDT wallet. You can fund your wallet by transferring cryptocurrencies from an external wallet or purchasing cryptocurrencies using fiat currency through supported payment methods.
• Navigate to the Marketplace: After depositing funds, navigate to the marketplace on the PRDT platform where you can view the available cryptocurrencies for purchase.
• Select the Cryptocurrency: Choose the cryptocurrency you want to buy from the list of available options. Click on the cryptocurrency you wish to purchase to proceed.
• Place an Order: Enter the amount of the cryptocurrency you want to buy and review the order details. Ensure that you have adequate funds in your wallet to cover the purchase.
• Confirm and Execute the Trade: Double-check all the details of your buy order and confirm the transaction. Once confirmed, the order will be executed, and the purchased cryptocurrency will be added to your wallet.
• Monitor Your Portfolio: After completing your purchase, monitor your portfolio to track the performance of your investment. You can view your holdings and transaction history on the PRDT platform.


Fees

When using PRDT to trade, you have two options: PRDT Classic and PRDT Pro, each with its fee structure.

PRDT Classic:

• Treasury Fee: A 5% fee is deducted from your position before applying the multiplier. For example, if your initial position size is 1 BNB with a 2x multiplier, the Treasury fee deducts 5%, leaving you with a position of 0.95 BNB. If your prediction is correct, you can claim 1.9 BNB.
• Refund Policy: In case of canceled rounds due to errors in fetching the price, you will receive a full refund. If rounds end at the same price, refunds are at a 50% rate.

PRDT Pro:

• No Deposit or Position Opening Fees.
• Payouts: Payout percentages range between 70% and 90%, depending on the timeframe and market conditions.
• Withdrawal Fees: Withdrawal fees for PRDT Pro vary based on the network:

Ethereum: 0.004 ETH, 8.5 USDT, or 8.5 USDC

BSC: 0.002 BNB, 0.5 Matic, 0.5 USDT, 0.5 USDC, or 0.0001 ETH

Polygon Network: 0.5 Matic, 0.5 USDT, 0.5 USDC, 0.002 BNB, or 0.0001 ETH

Arbitrum: 0.0001 ETH, 0.5 USDT, or 0.5 USDC

• Fee on Same Price Rounds: If a round ends on the same price as the starting price, a 2% fee is applied to refunds.

Is PRDT a Good Exchange for You？

With features like no deposit or position opening fees for PRDT Pro users, transparent Treasury fees for PRDT Classic, and varied withdrawal fees based on the network, PRDT offers cost-effective trading options that can benefit traders looking to optimize their returns. This aspect positions PRDT as a favorable choice for traders who prioritize minimizing fees and maximizing profitability in their trading activities.

Frequently Asked Questions (FAQs)

What are the fee structures on PRDT？

• PRDT offers competitive fee structures with no deposit or position opening fees in PRDT Pro, transparent Treasury fees in PRDT Classic, and varied withdrawal fees based on the network.

Can I receive refunds on PRDT？

• Yes, PRDT offers refunds in cases of canceled rounds or rounds ending at the same price.

Are there any benefits for PRDT Pro users？

PRDT Pro users enjoy features such as no deposit or position opening fees, varied payout percentages, and a cost-effective trading environment.

How does PRDT handle canceled rounds？

• In the event of canceled rounds, users can receive full refunds, ensuring fairness and transparency in trading activities.

What is the difference between PRDT Classic and PRDT Pro？

PRDT Classic features a Treasury fee of 5%, which can reduce the initial position size, while PRDT Pro offers no deposit or position opening fees and varied payout percentages.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.