Topic: [ANN] Cryptops (COE) Direct Access Layer 1 DEX For Crypto Options Derivatives (Read 187 times)

Live trading is now available on both the testnet and main public Cryptops blockchains. The option derivative assets on the main public blockchain can be explored using the CryptopsTerm trading wallet.

The ICO pricing is available to welcome and incentivize new users to the Cryptops platform. Also as an added bonus and to further incentivize new users the transaction fees have been lowered to be near free during the ICO.

The CryptopsTerm wallet/trade app is available for public use. The same app works for both the testnet and main public blockchains. The app will default to using the main public blockchain, if you want to use with the testnet just postfix "#testnet" after the URL for example https://cryptops.exchange/CryptopsTerm/#testnet. To exit testnet mode just reload the page using your browser.

If you would like to further explore the wallet/trade app you can generate your own self custody Cryptops account keys for the testnet using the Cryptops Laboratory at https://laboratory.cryptops.exchange/#account-creator?network=test then fund using the friendbot/faucet on the same page.

The new ultra green direct on blockchain crypto options derivatives exchange that makes it easy to run your own Cryptops node and achieve 0ms latency time to the on blockchain order book with transactions closing on average in under 5 seconds.

Here is a screen grab showing the resources being consumed by a Cryptops main public network node running inside a container. The host system is using a Ryzen 9 3950X CPU and as can be seen by the trailing zeros after the "Load average:" metric, the Cryptops node uses very little of the system resources while providing direct access to the on blockchain order book.

There are so many crypto currencies that don't explain how exactly they are going to earn a return for their coin holders. Cryptops has created a video explaining exactly that for the holders of the native utility coin COE.

https://youtu.be/IhZwDq0S2gc

Cryptops is the new innovative ultra green solution for on blockchain crypto option derivatives. Current on blockchain crypto options are implemented as a layer 2 solution using a compute and energy intensive "turing complete" VM.  Cryptops makes the option derivatives available directly on a layer 1 blockchain orderbook without the need for an on blockchain "turing complete" VM. The new method will greatly simplify access and provide for verifiability while also expanding the ease of public accessibility for end users.

Cryptops has made a video introducing the project and explaining exactly how the COE utility coin generates a return for its holders.

The video can be seen here: https://youtu.be/IhZwDq0S2gc

Cryptops is making available an ICO of the native layer 1 utility coin called COE. The amount being offered is the interest that has accrued during the research and development phase of the project. The time period for the interest starts with the beginning of research and development on the Cryptops blockchain that started in January 2018 until now. This accrued interest of COE will be sold to secure the production launch of the BTC option derivatives that will be placed directly on the Cryptops blockchain. The COE ICO amount was obtained by collecting the 1% Cryptops blockchain inflation from both the remainder and build challenges accounts shown in the distribution document at https://cryptops.exchange/download/Distribution.pdf.

Details of the Cryptops COE ICO.

• ICO Amount: 41,500,000 COE
• ICO Price: 0.000005 to 0.0000549 BTC
• ICO Price Levels: 500
• ICO Minimum Purchase: 0.001 BTC
• ICO Start Date: 9-28-2022
• ICO End Date: When public BTC options are launched.

The Cryptops COE ICO has now begun! Cryptops COE can be purchased using the direct BTC to COE bridge.

The ICO price will start at 0.000005 and increase to 0.000055 BTC per 1 COE using 500 incremental price levels. This gives a price increase of 10 satoshis for each of the 500 levels.

All that is needed to purchase COE is to send BTC to the address indicated. There are no browser plugins that need to be installed to access a third party blockchain. The purchase process is made simple using the direct BTC to COE bridge.

Cryptops is a new DEX that was designed to be easy for new users who want to trade crypto option derivatives on blockchain.

In short Cryptops is a direct access layer 1 blockchain with an on-chain order book that uses layer 2 components to provide a verifiable crypto options derivatives market. The trades close on average in 3 seconds and is able to handle 1000+ transactions per second.

For improved security there are no browser wallet plugins, smart contracts or protocols that have a history of being hacked and losing millions. Just straight forward direct access to the assets/tokens that reference the on blockchain option derivatives.

Cryptops is an open publicly available blockchain that anyone can use to create their own option derivatives market for any crypto currency they desire. Cryptops will be creating an options derivatives side chain for BTC at the launch of the blockchain. I am willing to help anyone interested in launching an option derivatives market for any crypto of their choice, just send me a message.

Some of the innovative advantages the Cryptops DEX has to offer include:

• You are able to generate a secure account on an air gapped computer then save the CryptopsTerm wallet/trade app to your computer and trade without your keys ever needing to leave your premises.
• You can run your own Cryptops node with the CryptopsTerm wallet/trade app and get 0 ms access time to the on blockchain order book, again with your keys ever never needing to leaving your premises.
• Cryptops has the best most secure staking rewards model and staking is possible without needing to run a node or anything like that. In Cryptops you can earn staking rewards on coins that are held in a cold storage wallet that was created on an air gapped computer. The rewards are automatically paid out weekly to your configured hot wallet address using a built-in blockchain mechanism.

COE is the native coin on the Cryptops blockchain that provides a weekly distribution of ALL network fees plus 1% inflation to all qualified accounts. The tokenomics of the Cryptops blockchain is clear transparent and easily understood. The Cryptops blockchain uses the COE utility coin to provide for a verifiable fair and honest options market for crypto currencies directly on a layer 1 decentralized distributed blockchain. The Cryptops project has been in research and development for over 4 years now.

Cryptops is a fork of the upstream Stellar code base. A major difference from the upstream Stellar code is the total quantity of 1 billion native coins (COE). Other major changes include the 1% interest and transaction fee sharing to qualified accounts on the Cryptops blockchain as well as the network starting date of January 2018.

Cryptops test network
The test network for the Cryptops blockchain is running on 8 nodes in random data centers around the world and has been up for about 3 years and is over 15 million ledgers deep. The API server for the Cryptops test network can be found at: https://horizon-testnet.cryptops.exchange

Cryptops main network
The main network was brought up on 12 nodes running in random data centers around the world just a few months ago and is already over a million blocks deep. The API server for the Cryptops main network can be found at: https://horizon.cryptops.exchange

• Website: https://cryptops.exchange
• Laboratory: https://laboratory.cryptops.exchange
• Whitepaper: https://cryptops.exchange/download/Whitepaper.pdf
• Roadmap: https://cryptops.exchange/download/Roadmap.pdf
• Test network option assets: https://api-testnet.cryptops.exchange/v1/ticker.json
• Test network API server: https://horizon-testnet.cryptops.exchange
• Main network API server: https://horizon.cryptops.exchange