ANN GryfX Alts Options Market Release October 1st - GryfenCoin, Shares, Broker - page 2.

GryfX Options Market

brought to you by GryfenCrypto Inc. and GryfenCoin

Co-Founders' Announcement: http://youtu.be/m-SBajG5YxM

The GryfX options market allows you to buy, sell, trade and execute on cryptocurrency altcoin options as well as allowing you to send, receive and invest in GryfenCoin. Using GryfenCoin you can speculate on the performance of other Altcoins during any market state. This means that you can profit on altcoins even when they are going down - and most of them go down. You can hedge your bets and purchase many options and only execute on the ones that look attractive - or you can use your inside crypto knowledge to your advantage here.

We accept deposits directly in Bitcoin, Litecoin, and Darkcoin - switched directly for GryfenCoin to play the market with the daily posted acceptance rate. You can pull GryfenCoin in, profit on a few trades, transfer your coins out and trade them for Bitcoin.

GryfX Old Crypto Brokerage Service
Got old crypto that isn't doing anything? Want to free up your hands and get a coin that is going somewhere?
No matter what coin we'll take a look and make us an offer so make us an offer and we'll put some $gryF in your hands
GryfX Brokerage *NEW

In chaotic and uncertain times GryfenCoin really tries to be different. GryfenCoin is not only backed by Proof of Work & Proof of Stake Block Chains but by rare earth metals and the option market’s daily profits.

The market, speculation, booms, busts, rises and crashes all make GryfenCoin worth more - providing a level of insulation in currencies for an uncertain time in global finance.

All of the micro-fees collected from the gryfX market - instead of being paid out in dividends to a select few - are re-invested back into the coin’s metal holdings giving benefit to every last holder of GryfenCoin. Besides the inherent value behind the coin it’s good to have a strong backing from multiple sources -- which GryfenCoin does.

In the near future we will be offering recurring payments to our users so they can worry about the GryfenCoin economy and not worry about buying it. If you opt in and set up recurring payments you will get bonuses like extra coins, advantages in gryfX, and other opportunities. You can get locked in to the Gryfen economy now at a lower price, and sell off your coins as the price further increases.

COINS AND SHARES FOR SALE
Class A shares
Class A shares give you gryfencoins each day and every day, for a month based on the steady interest of 2 Billion Coins - the gryfX House Account Backup. With Class A shares you’ll get coins every day as the interest compiles - this will give you a safe and steady stream of coins to play the Options Market with - also preventing you from going bust and spending all your coins. By purchasing Class A shares you’ll help fund the GryfenCoin-gryfX team. We’ll be able to hire on new members, add new capabilities, and take the coin to the next level.
100 shares total
$20/share
or 0.04 BTC

Class B Shares
Class B shares give you coins each and every day for a month based on the variable interest on the gryfX House Account(varying between 200 Million and 450 Million). Because the account varies so much the shares are sold at a discount initially and then priced with the market. They still deliver coins every day as the Class A shares do but the number of coins can vary day by day with the amount of coins gryfX pays out to users. By purchasing Class B coins you help us build GryfenCoin and gryfX and take them to new levels. With your help we can grow our team, our community, conduct more tests and keep barreling forward.
100 shares total
$4/share
or 0.01 BTC

Buy GryfenCoins directly from us
Want to mine GryfenCoins but don’t have the hardware, or don’t know how, or you don’t want to deal with the heat and electricity? Proof of Stake is for you. Earn coins through simple daily interest by keeping your wallet online - every 24 hours interest is delivered.
You will get rewarded with regular rewards and returns by being a part of the GryfenCoin economy. Purchase GryfenCoins from gryfX , help back the blockchain with Gold, and become a stakeholder in the next digital economy.
Coins are from the gryfX House Account and revenues receives are used only to invest in the coin itself. Funds received are used to purchase Gold & other rare earth metals to back the coin. You can set up recurring coin purchases and lock in at a monthly rate with us.
Use GryfenCoins to buy, sell, trade and use options on gryfX to make even more GryfenCoin that you can withdraw and then trade for Bitcoin.
$1 -> 20,000 GRYF or 0.00000010BTC = 1 Gryf = 10 Satoshi

BTC ADDRESS: 18k4GcpEngXkDBn8HS7kh229WdN2U15M47
Follow up and email [email protected]

Explain to me...WTF are options?

Every day, hundreds of fiat currencies like the US Dollar and Euro are exchanged for each other. Any given pair of currencies has a price ratio that is set by market forces of supply and demand and this price changes over time. Both of these statements apply just as equally to cryptocurrencies like Bitcoin and Litecoin.

A financial option is the option(right or obligation) to buy or sell something. Options are used when one desires the right or full obligation to buy an asset and pays a premium to the seller for this right and pays the seller a variable amount for the option. An option to purchase or sell a certain amount is fairly cheap whereas a full obligation is a preorder. In the case of currency options, the assets in question are altcoins/cryptocurrencies other than Bitcoin.

Ancient Greeks Rocked Options

For example, the first option ever created is believed to have been bought by the Ancient Greek philosopher and mathematician Thales. He heard a rumor that the coming olive harvest would be more bountiful than usual and, after giving it some thought, bought the right but not the obligation to use some olive oil presses (for making olive oil) at a small fee called a premium.

The owner of the olive oil presses agreed that, when the spring came, Thales could but did not have to rent the olive oil presses at a price that was set in the winter back when nobody (except Thales) knew that olives were going to be in abundance. This would cause the production of olive oil to be cheaper so more people would want to do it. This would increase demand for olive oil presses, the other resource (other than olives) needed for producing olive oil. When demand goes up, price goes up with it. Anyone owning olive oil presses could rent them out at a profit.

So when spring came round the harvest was indeed larger than usual; Thales' hunch was right. Thales executed or exercised his option, gaining rights over the olive oil presses for the season. He then rented the presses out at a profit, which is equal to the revenue from renting out the presses minus his sunk cost of the premium to the owner of the olive oil presses in the winter and variable cost of paying for the cost of the olive oil presses in the spring.

If the harvest had been smaller than normal, he would have not executed his option and would not have rented out the presses, losing only the small fee he paid for the option. The reason why he did not wait and rent the presses in the spring when the truth about the harvest came is because then the owner would know about the harvest too and would raise the price of renting the presses so Thales would not make any profit.

Imagine you instead of Thales and cryptocurrencies instead of olive oil and presses. This is where GryfX comes in.

Don’t just believe us, read about it on Wikipedia..

Options are one of the most common forms of financial derivatives, a type of asset. The global derivatives market is valued at over $450 trillion]

Explain to me...WTF are options?

Every day, hundreds of fiat currencies like the US Dollar and Euro are exchanged for each other. Any given pair of currencies has a price ratio that is set by market forces of supply and demand and this price changes over time. Both of these statements apply just as equally to cryptocurrencies like Bitcoin and Litecoin.

A financial option is the option(right or obligation) to buy or sell something. Options are used when one desires the right or full obligation to buy an asset and pays a premium to the seller for this right and pays the seller a variable amount for the option. An option to purchase or sell a certain amount is fairly cheap whereas a full obligation is a preorder. In the case of currency options, the assets in question are altcoins/cryptocurrencies other than Bitcoin.

Ancient Greeks Rocked Options

For example, the first option ever created is believed to have been bought by the Ancient Greek philosopher and mathematician Thales. He heard a rumor that the coming olive harvest would be more bountiful than usual and, after giving it some thought, bought the right but not the obligation to use some olive oil presses (for making olive oil) at a small fee called a premium.

The owner of the olive oil presses agreed that, when the spring came, Thales could but did not have to rent the olive oil presses at a price that was set in the winter back when nobody (except Thales) knew that olives were going to be in abundance. This would cause the production of olive oil to be cheaper so more people would want to do it. This would increase demand for olive oil presses, the other resource (other than olives) needed for producing olive oil. When demand goes up, price goes up with it. Anyone owning olive oil presses could rent them out at a profit.

So when spring came round the harvest was indeed larger than usual; Thales' hunch was right. Thales executed or exercised his option, gaining rights over the olive oil presses for the season. He then rented the presses out at a profit, which is equal to the revenue from renting out the presses minus his sunk cost of the premium to the owner of the olive oil presses in the winter and variable cost of paying for the cost of the olive oil presses in the spring.

If the harvest had been smaller than normal, he would have not executed his option and would not have rented out the presses, losing only the small fee he paid for the option. The reason why he did not wait and rent the presses in the spring when the truth about the harvest came is because then the owner would know about the harvest too and would raise the price of renting the presses so Thales would not make any profit.

Imagine you instead of Thales and cryptocurrencies instead of olive oil and presses. This is where GryfX comes in.

Don’t just believe us, read about it on Wikipedia..

Options are one of the most common forms of financial derivatives, a type of asset. The global derivatives market is valued at over $450 trillion, compared to stocks and bonds at just $50 trillion. Options markets are one of the most important financial institutions on the planet, diverting capital to where it is most efficiently utilized.

Options are created by contractual agreements between two or more parties. Essentially what it does it encourage individuals to time their large purchases/sales well. Our options market app for Windows, Linux, iOS (iPhone + Mac), and Android will establish a framework for buying and selling calls and puts on cryptocurrencies.

Crypto assets explosion

Cryptocurrency has exploded in popularity this last year and is on the brink of total disruption to the finance sector. Cryptoassets like NEMstake and Nxttycoin have also emerged although this industry is even more fragmented and fraught with danger than the altcoin market. What GryfX does is build a strong foundation for a popular type of financial instrument to be used and traded in a secure, publicly scrutinized market. Not last of all, it is going to be fun!

Future development is always on our mind. We plan on expanding our platform into other financial derivatives like futures and swaps.

A list of cryptocurrencies whose developers have committed to participation on the options market:
1. Stability Shares - https://bitcointalksearch.org/topic/annxss-stability-shares-hyperbolic-reward-curve-490529
2. HTMLCoin - https://bitcointalksearch.org/topic/htmlcoin-declaration-for-public-usage-507215
3. VeriCoin - https://bitcointalksearch.org/topic/annvrc-vericoin-proof-of-stake-time-currency-new-roadmap-released-602041
4. XXXCoin - https://bitcointalksearch.org/topic/archived-665809
5. TitCoin - https://bitcointalksearch.org/topic/titcoin-tit-new-developer-discussion-forum-2016-xbiz-awards-nominee-423523
6. Karma - https://bitcointalksearch.org/topic/annkarm-karmacoin-new-initiatives-helping-people-do-good-447657
7. JudgeCoin - https://bitcointalksearch.org/topic/ann-judge-judge-coin-multipool-is-up-httpjudgebeminingnet-666335
8. IsraCoin - https://bitcointalksearch.org/topic/annisr-isracoin-the-israeli-cryptocurrency-529409
9. MartexCoin - https://bitcointalksearch.org/topic/this-topic-has-been-moved-to-board-598162
10. WorldAidCoin - https://bitcointalksearch.org/topic/token-swap-coming-660090
11. OnyxCoin - https://bitcointalksearch.org/topic/onyx-onyxcoin-x13-long-pow-phase-fixed-rewards-ninja-launch-a-new-gem-717337
12. Qora - https://bitcointalksearch.org/topic/ann-qora-released-16-may-100-pos-new-source-522102
13. CannabisCoin - https://bitcointalksearch.org/topic/pre-ann-can-cannabiscoin-scrypt-n-pow-kgw-launch-beginning-of-march-486509
14. WorldDollar - https://bitcointalksearch.org/topic/world-dollar-giveaway-705160
15. ShadowCoin - https://bitcointalksearch.org/topic/ipo-shadowcoinsdc-project-the-currency-with-pos-and-p2p-features-404774
16. PandaCoin - https://bitcointalksearch.org/topic/pandacoin-the-panda-coin-scrypt-adaptive-n-wkimotos-gravity-well-460037
17. NestCoin - https://bitcointalksearch.org/topic/ann-ipo-nestnst-pos-8-stake-interest-wallet-updated-v103-624041
18. Negotium - https://bitcointalksearch.org/topic/ann-ntm-negotium-project-451306
19. EnergyCoin - https://bitcointalksearch.org/topic/annenrgenergycoin-android-released-bittrex-589008
20. GroupCoin - https://bitcointalksearch.org/topic/50-btc-total-bounty-for-groupcoin-development-and-help-24813
21. HempCoin - https://bitcointalksearch.org/topic/annthc-the-hempcoin-thc-506320
22. ApexCoin - https://bitcointalksearch.org/topic/apexcoin-rebirth-minable-proof-of-stake-web-wallet-blocknet-association-686403
23. G8Coin - https://bitcointalksearch.org/topic/g8coin-gold-backed-crypto-currency-g8-667329
24. ScotCoin - https://cryptocointalk.com/topic/9033-scotcoin-scot-information/
25. OrcaCoin - https://bitcointalksearch.org/topic/ann-orcacoin-helping-ocean-conservation-coin-now-in-its-second-year-475799
26. RainbowCoin - https://bitcointalksearch.org/topic/ann-rainbowcoin-lgbt-467851
27. BizCoin - https://bitcointalksearch.org/topic/--725670
28. XCloudCoin - https://bitcointalksearch.org/topic/ann-xcloudcoin-file-hosting-moved-to-new-thread-702981
29. CarbonCoin - https://bitcointalksearch.org/topic/ann-carbon-coin-payout-x15-and-more-at-launch-cryptorush-465364
30. TittieCoin - https://bitcointalksearch.org/topic/tittiecoin-naughty-but-classy-official-currency-of-tittie-island-437695
31. FuelCoin - https://bitcointalksearch.org/topic/ann-new-fuelcoin-fc2-re-distribution-x11pos-2-interest-589879
32. ShillingCoin - https://cryptocointalk.com/topic/8791-shillingcoins-shi-information/
33. GlobalDenomination - https://bitcointalksearch.org/topic/global-denomination-gdn-x11-digishield-578574
34. UnbreakableCoin - https://bitcointalksearch.org/topic/ann-unbreakablecoin-unb-sha256-over-3x-bigger-then-bitcoin-no-premine-539945
35. RipoffCoin - https://bitcointalksearch.org/topic/riporipoffcoin-the-most-honest-scam-you-have-ever-seen-ninja-swap-coming-721006
36. VikingCoin - https://bitcointalksearch.org/topic/--649169
37. SovereignCoin - https://bitcointalksearch.org/topic/update-sovereigncoin-svc-look-sharply-into-the-future-489850
38. FerengiCoin - https://bitcointalksearch.org/topic/annfer-ferengicoin-484841
39. BigBangCoin - https://bitcointalksearch.org/topic/ann-bbc-bigbangcoin-pos-only-mandatory-wallet-update-716901
40. CannaCoin - https://bitcointalksearch.org/topic/please-remove-thread-moved-to-self-moderated-482425
41. Coin of the Magi - https://bitcointalksearch.org/topic/the-magicurrency-548368
42. TeddyCoin - https://bitcointalksearch.org/topic/anntdy-teddycoin-15free75ipo10bounties100-posbig-bounties20-million-671413
43. Cannacoin - https://bitcointalksearch.org/topic/please-remove-thread-moved-to-self-moderated-482425
44. MagiCoin - https://bitcointalksearch.org/topic/the-magicurrency-548368
45. ChanceCoin - https://bitcointalksearch.org/topic/anncha-chancecoin-supernet-core-coin-for-betting-in-a-decentralized-casino-528023
46. WankCoin - https://bitcointalksearch.org/topic/annwkc-wankcoin-shop-anonymously-accepted-at-over-100-hd-sites-625934
47. Tagcoin - https://bitcointalksearch.org/topic/ann-tagcoin-multi-token-wallet-and-trading-platform-317408
48. SibitCoin -
49. Abundance Coin - https://bitcointalksearch.org/topic/ann-abc-abundance-just-merged-assests-and-resources-with-qibuck-682939
50. Franko - https://bitcointalksearch.org/topic/ann-new-crypto-currency-franko-w-opensource-frk-atmnew-website-design-202417

We are constantly looking for cryptocurrencies and cryptoassets of all kinds to add to our market. If you want your coin to be featured on the GryfX cryptocurrency options market, Tweet us or email us.

Social Media:

Twitter: https://twitter.com/gryfencoin
Plus, as a lot of you have noticed there will be more and more characters in the GryfenWorld and we look forward to the interactions

Facebook: https://www.facebook.com/gryfencoin

Reddit: http://www.reddit.com/r/GryfenCrypto/

GryfenCrypto Inc. Website

GryfenCoin website

GryfenCoin bitcointalk announcement thread

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Please contact us with any comments, questions, etc at [email protected]

We welcome all constructive comments and suggestions and will be monitoring this thread.

Topic: ANN GryfX Alts Options Market Release October 1st - GryfenCoin, Shares, Broker - page 2. (Read 4623 times)