So if I can put it this way, TotemFI is like a pool, everyone contributes to make their predictions but the winner takes all the prize?
I believe bitcoin is not done for this year. But 100k? Thats Left to be seen.
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If you have now predicted the correct result, you will receive the BTC and TOTM tokens. In the event of multiple winners, everything will be distributed pro rata. Whoever stakes first from the winners also wins the most.
There are staking rewards that you'll receive. But for the 'big prize', they simply can not give that away to people who made a wrong prediction. That's part of the game there. It is DeFi, but also a gamble to win more.
I believe it is a good project that deserves more attention. But this is not financial advise!
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