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Topic: Trump Wins and Trump Lose tokens from Poloniex - page 2. (Read 178 times)

hero member
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I’m sure that all of us are planning to wager on the upcoming USA elections, and Poloniex has decided to make ERC-20 tokens wherein you have two options either buy the Trump Wins or Trump Lose tokens, and then make money from the election results. However I don’t understand the line where they say if the opposite candidate (Biden) wins, then the coin value plunges to zero, so how will we make money if we’re holding the other token (Trump Lose one)? can anyone explain this?.

Quote

As ERC-20 tokens, the election assets value $1 or $0, depending on the event’s results. Holding 10 TRUMPWIN tokens value $10 USD if President Trump wins the November election. In contrast, holding 10 TRUMPLOSE tokens plunge to a value of $0 if the candidate wins.


Source:

https://cointelegraph.com/news/poloniex-adds-us-election-based-trades
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