Welcome my dear subscribers.Today I have prepared a new review of a promising project. APO is a decentralized platform based on parimutel betting for cryptocurrency derivatives. Bet-mutul can be defined as a betting system in which such bets are added to the pool and then the winning odds are calculated, taking into account that the pool will be distributed between the winning bets.
One of the main challenges facing the cryptocurrency market is the high premiums that option sellers are asking for, and this can be explained by the fact that hedging in this market is not possible. The lack of hedging opportunities means that the options seller cannot protect itself from the risks arising on a very volatile crypto resource, and therefore a high premium will be directed at compensating for the risk.
Advanced Parimutuel Options tries to solve this problem by introducing a new concept known as reverse pari-mutuel, which is a new way to trade options on cryptocurrencies.
Reverse bet-mutul works in three stages:
Auction
At this stage, awards and payments will be calculated based on the total number of applications submitted. Participants then select the most appropriate options and then enter the underlying asset's strike price in Bitcoin or Ethereum Then they select the order type and the required amount to purchase the option in the smart contract account.
Deal
The pool is formed after the calculation of the rates presented at the auction. Participants are allowed to observe and monitor the cost of options that are charged after the transaction is completed.
expiry
This is the final stage and it happens when the contract has expired. The price of underlying assets is blocked and the cut-off price is published. After that, payment is made to participants whose options were profitable.
Enhanced benefits options plus options Parimutuel
Transparency:
The smart contract integrated into the APO system provides transparency as participants can easily control the platform's activities. A smart contract also ensures that winners are always paid in full.
Decentralization:
The platform is based on the Smart contract principle, which is decentralized and thus leads to faster transactions and higher platform efficiency.
Performance of obligations:
The platform completely eliminates the risk of cancellation of obligations, since the option premium is paid by the buyer directly to the pool, and therefore the sellers are not involved.
Dividends:
The platform only facilitates trading and it charges a fee for it. The Commission is then distributed to token holders as dividends.
Insurance:
The platform does not require any guarantees to provide a cushion to investors as well as miners amid the falling market.
Flexibility:
Investors and miners are allowed to create their own options, which can range from binary to exotic, they are also allowed to use existing templates such as calls and vanilla liners.
Advanced parameters of Parimutuel APO Token ICO
The APO current will be based on the ERC20 and will be available on stock platforms for secondary replication. They can also be seen in purses such as user MyEtherWallet, MetaMask or Mist.
Sale APO tokens begin and end with 04/25/18 05/23/18. You can use Ethereum to buy APO tokens.
About ICO
Token Name APO
Token Type ERC20
ICO Starts April 25th, 2018 at 10:00:00 AM UTC
ICO Ends May 23rd, 2018 at 09:59:59 AM UTC
Soft Cap 5 500 ETH
Hard Cap 12 700 ETH
Token Rate 1 ETH = 15 000 APO
Min Transaction Amount 0.1 ETH
Detailed information:
Web site: https://apofinance.io
Telegram: https://t.me/apofinance
Medium: https://medium.com/@apofinance
AN: https://bitcointalk.org/index.php?topic=3207939.0
White paper: https://apofinance.io/files/whitepaper.pdf
Twitter: https://twitter.com/apofinanceico
Author: https://bitcointalk.org/index.php?action=profile;u=1725951
0x295aca7dda69533ca78410da4fcc5ee2bafd1545
