[ann] Dymmax - Trade Decentralized Options Without Collateral

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    {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral


    Description

    Cryptocurrency options based on the parimutuel betting with fixed odds pricing model, guaranteed to payout in any market scenario. Option prices are calculated through off-chain and do not require specialized market makers, ensuring low option prices upon issue.


    Key features


    Leverage up to 20:1
    Limited risk when the market moves in the opposite direction
    The ability to profit from falling and stagnant markets
    Long-term portfolio insurance
    Risk management for market makers
    Tokenization of issued options
    Instant profit-taking in the secondary market


    Problem

    Despite the emergence of platforms and services that allow trading derivatives for cryptocurrencies and tokenized assets, none of them is able to provide the market with a model that would suit all participants, both willing to buy or sell options. This is due to the impossibility of hedging risks by option sellers, which in turn generates extremely high premiums that buyers have no interest for.


    Solution

    DYMMAX - is a unique platform designed to solve this problem, taking into account the cryptocurrency market specifics, as well as the concept of distribution. A set of option pricing strategies is implemented at its basis, with pricing based on the parimutuel betting with fixed odds model.


    Principle

    Taking into account the specifics of a new pricing model for the market, a platform was created for the initial issue of option contracts based on an automatically prolonged auction. The model mentioned above implies floating premiums during the collection of orders, and therefore, an auction is created, which determines the ATM strike, as well as all the options premiums for the submitted limit orders. After calculating the premiums, the order is executed or rejected, and the result of the execution is the issue of ERC20 tokens for the option contract, which can circulate on the secondary market.


    Target consumers:


    Cryptocurrency traders;
    Long-term investors (hedgers);
    Miners;
    Cryptocurrency funds.

    3 types of strategies:

    {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral
    {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral
    {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral


    Bull Spread - the strategy designed for asset growth, allowing to make a profit in a growing market and limit losses in a falling market;
    Iron Fly - the strategy of selling volatility, or in other words, extracting profit from market stagnation, when the price fluctuates in a range;
    Bear Spread - the equivalent of a short position, but without the need to pay interest rates, making a profit in a falling market, limiting losses in case of growth.


    Platform

    {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral
    {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral
    {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral


    Automatically prolonged auction.
    Displaying bids in the current auction.
    Option constructor for visualizing profit and risk.

    DMX token

    DMX is the governance token of the Dymmax platform. It is designed to ensure the stability and decentralization of the Dymmax system, and opens the following opportunities to its holders:

    Voting to add new options series.
    Cashback from trading commissions.
    Payment for services of the Dymmax ecosystem and partners.
    Single token share increases due to regular token burnings.
    Voting on the Dymmax roadmap and priorities.


    Distribution

    The maximum emission of the DMX token will be 10M that will be distributed as follows:


    %
    DMX tokens
    Where
    Vesting


    21%
    2 100 000
    Public sale
    Instant


    7%
    700 000
    Community airdrops
    Within a year after IEO


    15%
    1 500 000
    Ecosystem & partners
    Within a year after IEO


    15%
    1 500 000
    Seed sale
    1 year after IEO


    12%
    1 200 000
    Staking
    25,000 per month for 4 years


    30%
    3 000 000
    Foundation
    50,000 per month for 5 years


    Website: www.dymmax.com

    {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral {filename}-[ann] Dymmax - Trade Decentralized Options Without Collateral




     
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