Gas Fee betting

Fullyonchain is an innovative decentralized platform designed for betting on Ethereum gas fees. It offers users the ability to place bets on the future price of gas, providing a unique and engaging way to interact with the Ethereum network. The platform is built on Solidity smart contracts, ensuring security, transparency, and trustless interactions. Users can add liquidity to the pool, manage their bets, and balance their positions dynamically based on real-time gas price fluctuations.

One of Fullyonchain's standout features is its sophisticated liquidation mechanism. This system automatically transfers tokens from liquidated bets to the pool and reallocates the user's bet amount to a liquidity collection. This collection can be claimed by the contract deployer at the end of the contract, ensuring efficient fund management and minimizing the risk of losing assets. The platform also includes a dedicated function to check for liquidation based on a 20% gas price difference, ensuring that all users are fairly and systematically evaluated for liquidation, and actions are taken accordingly.

In addition to the core betting and liquidation functionalities, Fullyonchain is designed with user-centric features like dynamic liquidity management, allowing users to adjust their positions by adding more liquidity as needed. This ensures that users can remain engaged with the platform without the constant need for manual interventions. By leveraging the power of blockchain technology and smart contracts, Fullyonchain provides a seamless and secure environment for gas fee betting, appealing to both seasoned DeFi enthusiasts and newcomers to the decentralized finance space.

Fullyonchain is built using Solidity, the programming language specifically designed for developing smart contracts on the Ethereum blockchain. The platform's architecture includes multiple smart contracts to manage bets, liquidity, and liquidation processes. These contracts interact with each other to ensure secure and transparent transactions. The frontend interface, likely developed with modern web technologies such as React.js, communicates with the Ethereum blockchain via Web3.js, enabling users to place bets, manage liquidity, and track gas prices in real-time. The application is deployed on a VPS running Ubuntu, ensuring reliable and scalable hosting. This combination of technologies ensures a robust, efficient, and user-friendly platform for decentralized gas fee betting.