Topic: [ANN] Giant (GIC) | MN+PoS | Blockchain & Smart Contracts - page 7. (Read 22473 times)

russian translation reserved

Giant Inside

As you can see from the previous announcement, some binary options deals interface elements may depend on each of these types of deals. For example, the deal time is different for two trading schemes:

    T-T (Trader vs. Trader) : a periodical deal cycle, here the ‘deal time’ is just choosing a delayed cycle
    B-T (Broker vs. Trader): a time of individual deal cycle or after which period the deal will be closed

Other necessary elements of the binary options trading interface (both for T-T and B-T):

    Deal sum (+ and - buttons) - regulating the broker deal sum size
    Option reward calculation block with the info on other deals connected with this asset
    Up arrow button - CALL deal registration
    Down arrow button - PUT deal registration
    Between these buttons: current price level which will later be captured in the deal
    As soon as the user confirms the deal opening/participation, they receive a transaction confirmation window with an opportunity to turn such confirmations off

There is a ton of other equally crucial details that the developers of Giant.Exchange keep in mind when creating the platform. You will see more in the next similar announcements here on Discord/on our site.

The current status of this activity is available at:

https://beta.giant.exchange/

BTW: Giant is also listed at LiveCoinStats: https://www.livecoinstats.com/currencies/GIC/giant-coin/

Giant Inside

We continue to familiarize you with how Giant.Exchange will work. The following is a part of an actual technical task for Giant.Exchange put in simpler terms.
 
An important objective related to Giant.Exchange is the deal execution block.
The platform will see two types of options:

1. Traders vs. Traders (TT in the interface)

The Broker periodically creates the 30-min deal cycle for all Traders in the ‘Binary option’ smart contract. During this cycle, the Trader can make several bets on various levels, both PUT and CALL. During the last 5 mins before the end, Traders will not be able to hold deals. This period duration can be changed by the Broker.

By buying this option, Traders form a joint fund. In the end, Traders with incorrect prognoses receive nothing. Traders who were right receive rewards proportionally to the remainder of the bets in the joint fund. If all Traders were right, they’ll receive a reward which equals the option price minus fees. If all Traders were wrong, they’ll receive a sum which equals the option price minus fees.

2. Broker vs. Traders (BT in the interface)

The secured fund is used by the Broker to open and maintain a ‘Binary option’ smart contract. The fixed revenue is offered by the Broker. The ratio can be made for CALL and PUT deals or remain default. The deal cycle is created for each Trader at the option purchase time. The Trader may choose the deal cycle duration from the Broker’s list. Only 1 deal can be made by the Trader during a single deal cycle, the new deal before the cycle end may be created in a separate deal cycle. If the fund does not have the required sums, the new deal is not created — the system sends an error notification.

All the critical difference parameters must be considered when making each type of binary options available on it.
The current status of this activity is available at:

https://beta.giant.exchange/

If you are opening the new ann, I wish you would reserve the first message.

We have access to editing of this one, Plus it's more focused on the technology. Our goal is to provide a better understanding of the whole Giant infrastructure

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New [ANN] for what? What's wrong with the old topic?

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