We have just launched the decentralized margin trading over MaskNetwork testnet. That means you can trade on margin any asset for which a data feed exist with no broker to hold your money or central server.
- Example of a data feed that injects into the network live prices for cryptocoins (http://coincenter.info/pages/assets/feeds/feed.php?symbol=CRYPTO).
- Example of a market where you can trade BTC on margin. The market is based on the CRYPTO data feed. http://maskwallet.com/pages/assets/margin_mkts/market.php?ID=9046631306
- Example of a margin position (x100 leverage) on BTC http://maskwallet.com/pages/assets/margin_mkts/story.php?posID=830988867
How things work :
- Somebody is providing a data feed on anything (cryptocoins, stocks, commodities...)
- Somebody is creating a speculative market around a data feed and bring up some collateral. The collateral is used to pay traders winnings.
- Traders place leveraged bets on market (the market owner sets up the max leverage). What they loose is the market winning. What they win us the market looses.
- On the long term 75% of traders looss money so there is no way a margin market can loose on longer periods.
It's the decentralized version of old bucket shops (https://en.wikipedia.org/wiki/Bucket_shop_(stock_market) which by the way are illegal all over the world.
MaskNetwork is the fisrt decentralized social trading network that will go live in June. For more info https://bitcointalksearch.org/topic/annmskmasknetwork-the-decentralized-social-network-that-pay-users-to-post-1272309
Topic: Decentralized BTC margin trading (Read 424 times)
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