Topic: [ANN] [DEFI] BIOPset - Decentralized Binary Options Settlement Protocol - $BIOP (Read 83 times)
June 12, 2021, 02:58:41 AM
June 11, 2021, 12:02:37 PM
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June 11, 2021, 11:56:25 AM
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June 11, 2021, 11:46:24 AM
The Binary Options Settlement Protocol, BIOPset, is an audited, on-demand,
censorship-resistant, peer-to-pool protocol for transparent binary options trading.
With BIOPset and the BIOP token, we are trying to bring a fair, non-custodial, and immediate approach to binary options built on Ethereum.
The platform essentially provides liquidity providers ("options writers") with passive returns and empowers
speculative traders ("options holders") to profit from forecasting the direction of asset prices.
The protocol is governed by a decentralized autonomous organization ("DAO") called the Settlement DAO.
Useful Links
Advantages
- No minimum sized option: everyone has access to biopsy main product, independently by how wealthy they are. Altho there are maximum option sizes, that are determined by the liquidity present in the pool.
- Low fees: Opposed to the existing centralized alternatives, our platform will offer significantly more competitive rates of returns. Currently, it's over 98%, while competitors hover around 85-90%. So our fees are 10 times lower than others
- Can't be shut down or regulated: Since it's decentralized and running on Ethereum, even if the website isn't accessible, the contract can always be used directly to open/close and settle options.
Token
For the governance token BIOP, we wanted to achieve a wide distribution, to put the token in the hands of every active user of our platform, and to incentivize the platform to distribute the token over a very long period of time.
For more information about what every section of the charts indicate: https://docs.biopset.com/theory/tokenomics/biop-token
Markets
BIOP is currently only tradable on Uniswap here: https://app.uniswap.org/#/swap?outputCurrency=0x29641e1096d4240b09a933839feac57b200652a4&use=V2
To incentivize Liquidity we are starting Liquidity Mining on block 12615464!
Follow the discord for more info on launch.
Options
Our main product of binary options is currently under audit, but you can already test it on Kovan testnet here: https://biopv4-kovan.surge.sh/
More info TBA
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