It is a form of colored coin, because sending a value in bitcoin will confirm a transaction in Krypton.
BTC/USD will be taken from a major exchange, either BTC-e, bistamp, mtgox
Topic: krypton (Read 986 times)
The financial instrument you're describing is called a contract for difference. Beyond that, I don't understand what you're actually making. "New crypto currency based on-top of Bitcoin Blockchain" -- Is it a form of colored coin? Does it use the bitcoinx protocol? Where does the BTC/USD exchange rate enter the system (who do we have to trust for it? what rate is used?)
To put it simply, if a bitcoin is worth $900 today, it is artificially shared between user and trader, where any price fluctuation is taken by the trader and constant price is enjoyed by user along with some interest.
if bitcoin goes to $910 tomorrow, user still has $900 value, and trader gained $10.
if btc goes down to $890 tomorrow, user has 900$ and trader will lose $10 from his deposit.
A trader can adjust his leverage ratio from 1X to 10X.
if bitcoin goes to $910 tomorrow, user still has $900 value, and trader gained $10.
if btc goes down to $890 tomorrow, user has 900$ and trader will lose $10 from his deposit.
A trader can adjust his leverage ratio from 1X to 10X.
Awesome website! Looks like a good idea, but with many risks. Also this looks unpossible to maintain, Could you give me a simple explanation?
It has characteristics of a stock enginge, If i'm not mistaking?
It has characteristics of a stock enginge, If i'm not mistaking?
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