KIMEX: A Decentralized Binary Options Platform Based On Blockchain

pinkblue (45)in #bitcoin • 6 years ago (edited)

INTRODUCTION
Binary options are a simple way to trade price fluctuations in multiple global markets, but a trader needs to understand the risks and rewards of these often-misunderstood instruments.
Binary options are different from traditional options. If traded, one will find these options have different payouts, fees and risks, not to mention an entirely different liquidity structure and investment process.
A lot of people like to think that Binary Options is like gambling because you are basically investing your money on something that you simply cannot tell with a respectable degree of confidence. Since you are trying to predict whether the cost of an asset will appreciate or depreciate within a specific time period, you can either be right or wrong, regardless of what you may have learnt.

WHAT IS KIMEX
KIMEX.io is the decentralized binary options platform based on ethereum blockchain with KMX (a standard etheriun ERC20 token) used as an in-trade currency and profit dividend token. KIMEX.io completely and permanently eradicate the inauspicious decease called 'TRUST' which is undoubtedly killing the binary options industry from inside out. - KMX - KIMEX.io internal token - is used as dividend (100% of the profit generating by KIMEX.io platform goes to token holders as dividend) and as second in-game currency.

Untitled 4.jpg

FEATURES
Traders will lose all their money if broker company shuts down or is runs away. It is the worst situation which many traders face. By using KIMEX.io all funds are safe even KIMEX.io platform can't access the funds since all funds are stored on ethereum blockchain.
On non-regulated platforms, the client's money is not necessarily kept in a trusted account as required by government financial regulations. Again, transactions are not monitored by third parties in order to ensure fair play.By using KIMEX.io, every transaction and bankroll funds are viewable on ethereum blockchain. Traders will get guaranteed payout if they win.
Just a small change can influence the result of a trade. By using KIMEX.io no one can change the price data as it is being fetched by smart contract and stored in blockchain.

Untitled 6.jpg

PROBLEMS & SOLUTIONS
The Binary Options Industry is a multi-billion dollar market. Just in Israel, binary options broker companies made $5 billion profit in 2016
When you buy a binary option from centralized brokers, you actually bet against the platform. The broker makes money when you lose.

PROBLEMS
Traders are playing an unfair game as broker/platform can cheat on them by manipulating the price which feeds in their favor and blocks traders from withdrawing. So traders may win the trade but lose their money.

SOLUTIONS
Pure P2P market - Traders bet against Bankrollers, KMX token holders make profit from trading fees; not from shaving share through traditional platforms.
Guaranteed Payout - Payments are issued by smart contract which direct to traders ETH address. No one can block withdraws.
100% Transparency and Provably Fair by getting assets price on blockchain. Therefor cheating by manipulating price feed is impossible .

Untitled 5.jpg

KMX TOKEN
The KMX Token is the center of the KIMEX ecosystem. The token is built on the Ethereum blockchain and traded under the shortened name "KMX" on popular exchanges. The KIMEX token gives its holders the ability to participate in KIMEX platforms and does not represent shares in KIMEX as a legal entity.
The KMX token is the most important aspect of the KMX ecosystem. Without it, the whole business model would not work. The token enables the use of smart contracts, global operation, and value transfers. It is necessary that KIMEX run on the KMX token to ensure the network’s liquidity and stability.
The KMX token has all the attributes that a typical cryptocurrency possesses. These attributes include: