Stonks vision is to facilitate users to predict the future. How does Stonks help users to predict the future?
Presale is finished. We have raised over 101 BNB and the token has launched.
We are building a decentralised exchange to trade crypto options.
From our WP:
Making money in the cryptocurrency market (actually in any financial) is based on predicting the future, and the Stonks platform is designed to facilitate this. The main goal is to create a
decentralized and anonymous exchange where trading will take place similar to the classic CeFi. Options provide a whole new way to make money on cryptocurrencies - on dips, rises and even when
the market is in a period of low volatility. There are two types of options - call and put options.
A call option represents the right to buy a cryptocurrency at the strike price on the option expiry
date. The buyer of the call option assumes that the price of the asset will rise.
A put option is the opposite of a call option - it represents the right to sell the cryptocurrency at the
strike price on the expiry date. So the buyer in this scenario assumes that the price of the underlying
cryptocurrency will fall.
There are two parties trading options - the buyer and the seller.
The seller creates a call options contract or a put options contract with the options contract factory.
The option contract has a strike price and an exercise date. The buyer pays the seller a price
(premium), which is the seller's profit. The premium is determined according to the model described
below.
The word stonks is known as a meme for a really bad or stupid financial decision. By branding your project this way, you're telling everyone not to take your project seriously, since, well, it's a joke just like what the meme about it means.
By definition:
Stonks is a deliberate misspelling of stocks, as traded in the stock market. It is often used to refer to such stocks—and finance more generally—in a humorous or ironic way, especially to comment on financial losses.
I would suggest you guys think of a better name/brand if you want people to even think of investing in your project or take your ideas seriously.
Source: [1]
It depends on your point of view. From your peresepective you are right. However, the name is not accidental. Investing can often be absurd - negative oil prices 2 years ago, a shiba inu, a gamestop operation, speculation in toilet paper and masks in times of pandemic - these all don't seem very serious and nobody would have predicted they could happen. And our project is all about predicting the future - we are building a decentralised exchange for options trading.
As for the banding issue - the second DEX by volume is called pancakeswap and has a pancake with ears and eyes in the logo...