Velocity , the First Open Blockchain Smart Contract on a Price Feed

in #ethereum8 years ago

A Decentralized derivatives markets, built on Ethereum.
Velocity is a decentralized options platform that allows users to enter into a collar option using a smart contract on the ethereum blockchain. In other words you can place a bet on whether the price will rise "long", or fall "short". 2 options, Its that simple... I put up a small amount of ETH and make a prediction. After 5 blocks if you chose wisely you win!!!

This is the site blog:

Heres the Demo:

Because its a smart contract the payout is automated. No need to rely on any central authority or bank to pay you.
I just started playing with this so if anyone has any more info I would like to hear from you. Looks like fun so Im very interested. Check it out and let me know what you learn..


How long until we can trade crypto derivatives?

Thanks, this look like a binary option! ;)

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