Bitcoin Forum

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.

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 (https://dymmax.com)

Coinfox: How can the DeFi derivatives help the crypto market?

http://www.coinfox.info/news/12092 (http://www.coinfox.info/news/12092)

#DYMMAX #DeFi #Cryptocurrency #Derivatives #Blockchain #Trading

DYMMAX developed a protocol that allows you to create unsecured derivatives for cryptocurrencies with guaranteed payments based on decentralized smart contracts.

DYMMAX DeFi platform has some key features, but I especially like guaranteed payments to all participants at the expense of the existing money pool. This is basically how it should be in good projects ;)

Before I knew about bull and bear market, but didn't hear about iron. As trading strategy it fits for a flat market - that is profitable if the expiration price is close enough to the strike price.

What is DYMMAX protocol?

https://medium.com/@dymmax/what-is-dymmax-protocol-ca617c39f987 (https://medium.com/@dymmax/what-is-dymmax-protocol-ca617c39f987)

#DYMMAX #DeFi #Cryptocurrency #Derivatives #Blockchain #Trading

Comparison of pricing models

https://medium.com/@dymmax/comparison-of-pricing-models-da80276cd696 (https://medium.com/@dymmax/comparison-of-pricing-models-da80276cd696)

#DYMMAX #DeFi #Cryptocurrency #Derivatives #Blockchain #Trading

What is really cool I think in DYMMAX protocol is that everyone can supply liquidity in any proportion, and receive a proportional benefit from this.

Thank you, the shared money pool is fair to everyone, proportional benefit is the key  ;D

After the auction closes, ERC20 tokens are issued and distributed among the participants and then auction reopens. So how many times it repeats in a row?

The auction reopens immediately after the closure and issue of tokens and the process is repeated until expiration.

The main goal of auction system is estimating of ATM strike and premiums for new options contracts. Because we cannot use classic order book with buyers and sellers in parimutuel model.

The volume of blocked assets in the DeFi sector continues to grow and that's why the current situation is favorable for the launch of the project like DYMMAX

I'm pretty sure i saw already another thread with the same project, hmm, strange. Anyway it is a little strange but i can't find a road map

We are extremely happy to announce our IEO launching on ProBit Exchange! From 20 November to 20 December, don't miss out)

https://dymmax.medium.com/dymmax-came-with-a-strategic-partnership-with-the-innovative-crypto-exchange-probit-58ab198a9353

DYMMAX now has a partnership with the ProBit cryptocurrency exchange which has one of the best performance among all other crypto exchanges

Guys, we are airdropping at ProBit, don't miss out  ;)

https://support.probit.com/hc/en-us/articles/900003327126-ProBit-x-DYMMAX-DMX-Airdrop-Event-

[ProBit x DYMMAX (DMX) Airdrop Event]

1️⃣Task 1
👉Create a ProBit account with this referral code
 (https://www.probit.kr/r/52805568)👉Complete phone verification by accessing My Page
 (https://www.probit.com/en-us/user-center/my-page)💰Reward: 2.5 DMX

2️⃣Task 2
👉 Refer your friends (https://www.probit.com/en-us/referral) to sign up at ProBit
👉 Have your friends complete phone verification (https://support.probit.com/hc/en-us/articles/360040710451-How-to-complete-phone-number-verification) by accessing My Page
 (https://www.probit.com/en-us/user-center/my-page)💰 Referrer: 2.5 DMX per referred account
💰 Referee: 2.5 DMX
*Referrers who are staking at least 100 PROB (https://support.probit.com/hc/en-us/articles/360039717011-How-to-Stake-PROB) at the close of the event receive an additional 2.5 DMX per newly referred account within the event period.

3️⃣Task 3
👉Follow both DYMMAX and ProBit social media accounts:
DYMMAX’s Telegram
 (https://t.me/dymmax_chat)DYMMAX’s Twitter
 (https://twitter.com/dymmax_protocol)DYMMAX’s Facebook
 (https://www.facebook.com/DymmaxProtocol)ProBit Facebook
 (https://www.facebook.com/probitexchange/)ProBit Twitter
 (https://twitter.com/probit_exchange)ProBit Twitter #2
 (https://twitter.com/ronald_probit)ProBit Instagram

 (https://www.instagram.com/probit_exchange/)👉Fill out this form
 (https://forms.gle/CsczG94TY7hM1LBk9)💰Reward: 2.5 DMX

4️⃣Task 4
👉Retweet DYMMAX and ProBit Exchange Twitter posts
https://twitter.com/0xfima
https://twitter.com/dymmax_protocol
https://twitter.com/probit_exchange
https://twitter.com/ronald_probit

👉Fill out this form
 (https://forms.gle/WdWBudzTnjkCPonZ8)💰Reward: 4 DMX
*PROB Stakers with at least 100 PROB receive additional

Airdrop is over, but hang on for more updates coming!  ;)

Techbullion has come with an article about our project, be sure to check it out, it sums up the project pretty well.

https://techbullion.com/dymmax-dmx-review-a-valuable-new-opportunity-in-the-defi-sector/

While we are coming with more articles about DYMMAX project, maybe you guys have questions about how specifically it all works? Or we discuss DeFi and derivatives in crypto?

Coinfox had a word on our upcoming IEO on ProBit (Russian language). Spread the word

http://www.coinfox.ru/novosti/12206-na-platforme-probit-startuet-tokensejl-proekta-dymmax

Less than 10 days before the launch of DYMMAX IEO on ProBit!

Support us here: 👉 https://www.probit.com/ru-ru/ieo/dmx-round1/0

Another video overview of the project. TY @universal_business_channel for bringing more attention to DYMMAX, for the IEO is coming November 20, spread the word 👍

https://www.youtube.com/watch?v=yoz0MoI-nzg&feature=youtu.be&ab_channel=UniversalBusinessChannel

BeInCrypto highlights our upcoming IEO on ProBit, hats up for spreading the word about DYMMAX.

https://beincrypto.com/decentralized-options-trading-platform-dymmax-greenlights-launchpad-on-probit-exchange/

👉 dymmax.com/ieo - everything you need to know about the DYMMAX project

DYMMAX & ProBit Telegram AMA Session

Want to learn more about the DMX project and have the chance to win $400 worth of DMX Governance Tokens?

ProBit Exchange will be holding an AMA session for DYMMAX on its Telegram channel.

This is a great opportunity to acquire knowledge about the project by asking questions to the team directly. At the same time, you will get the chance to win DMX tokens !
 
⯈ Event Schedule
November 19, 2020, 17:00 KST
 
⯈ How to Join
To participate in the DYMMAX AMA, 
join the ProBit telegram channel: @ProbitEnglish

DYMMAX website: https://dymmax.com
DYMMAX Telegram group: @dymmax_chat

What is really special for Dymmax as for me is that their protocol is based on a parimutuel model which provides the ability to issue options without collateral requirements or sellers

Thank you for the good understanding of the DYMMAX protocol. We have more articles coming describing our platform and phylosophy.

To understand the mechanisms inside the DYMMAX protocol, we want to talk first about the classic mechanism for maintaining the option contract quotes on centralized exchanges. This will allow you to visually feel the difference in the proposed technology.

More in the article here: https://dymmax.medium.com/dymmax-liquidity-pools-and-how-do-they-function-35468cfacd97

To understand the mechanisms inside the DYMMAX protocol, we want to talk first about the classic mechanism for maintaining the option contract quotes on centralized exchanges. This will allow you to visually feel the difference in the proposed technology.

https://dymmax.medium.com/dymmax-liquidity-pools-and-how-do-they-function-35468cfacd97

https://i.imgur.com/makWwMF.jpg

[DMX AMA starts at 17:00 KST!]

Just 1 hour away from AMA with the #DYMMAX team, bring your questions about the Launchpad to earn rewards 😎

Details: https://support.probit.com/hc/en-us/articles/900004412243

Read more: https://dymmax.medium.com/dymmax-probit-telegram-ama-session-8e0813df1a2e

#DeFi #Derivatives #Finance #Options #Smartcontract
#Blockchain #Bitcoin #Ethereum #IEO #DMX #HODLDMX #AMA

Hackernoon interviewed Dmitry Filyaev, the CEO of DYMMAX

"The Idea Behind Digital Currencies is to Reduce Total Control Over Money Markets" - Dmitry Filyaev

Full read 👉 https://hackernoon.com/the-idea-behind-digital-surrencies-is-to-reduce-total-control-over-money-markets-dmitry-filyaev-8nk3z2i

I saw in medium that DYMMAX had an AMA session on ProBit Exchange today. Hope to see full recap of it and find some new information ;)

This is not the last AMA, you'll catch on  ;)

Yahoo! Finance had a look at DYMMAX  :o, it turned into an interesting article:

Read more: https://finance.yahoo.com/news/dymmax-defi-protocol-provides-users-092446636.html

💥DYMMAX IEO starts in 1 hour 💥

⏰Duration: November 21, 2020 - November 30, 2020
💵Price: $1.25/DMX
👉IEO page
 (https://www.probit.com/en-us/ieo/dmx-round1/0)
👉 DMX Launchpad announcement 
(https://support.probit.com/hc/en-us/articles/900003321486)
👉 Telegram
(https://t.me/dymmax)

Hope for your support!

💥DMX Launchpad Premium IEO in LIVE NOW! 💥

⏰Duration: November 21, 2020 - November 30, 2020
💵Price: $1.25/DMX
👉IEO page
 (https://www.probit.com/en-us/ieo/dmx-round1/0)
👉 DMX Launchpad announcement 
(https://support.probit.com/hc/en-us/articles/900003321486)
👉 Telegram
(https://t.me/dymmax)

🎗Introduction (https://dymmax.com/)

Softcap is already closed, join the journey now or it will be too late🚃

https://www.probit.com/ru-ru/ieo/dmx-round1/0

Our CEO Dmitry Filyaev gave his comments on the DeFI vs NFT discussion published up by #BeInCrypto. Another interesting read 👍

https://beincrypto.ru/smogut-li-nf-tokeny-stat-konkurentami-defi-mneniya-ekspertov/

#DYMMAX protocol will soon be launched on #Ethereum,
but we are setting global 🌐 tasks

📢 Retweet this post
🗒 Add a comment suggesting a better blockchain for decentralized options
❤️ Collect likes and reposts
🏆 5 authors will share the $500 #DMX pool

https://twitter.com/dymmax_protocol/status/1329766281571164164

Altcoinlog had a look at DYMMAX and now we have this article (Russian language 🇷🇺).

Softcap closed! 6 days left!

https://altcoinlog.com/softcap-defi-dymmax/

📣 The contest is still running, don't hesitate to give your opinion, especially when it can win you some #DMX to #HODLDMX
See you there 👀

📢 Retweet this post
🗒 Add a comment suggesting a better blockchain for decentralized options
❤️ Collect likes and reposts
🏆 5 authors will share the $500 #DMX pool

https://twitter.com/dymmax_protocol/status/1329766281571164164

I like that token holders can deposit the token into the pool, without resorting to exchange for other tokens or more complex deposition

An inside look at #DYMMAX from Business Insider 🕶

https://markets.businessinsider.com/news/stocks/dymmax-completes-private-funding-round-probit-ieo-begins-on-november-20-1029825978

A few more of the places that #DYMMAX has been featured by YouTubers. 👇

Juli Cold: https://youtu.be/Kol3CgR1Ya4 (Russian)
LME Cripto: https://youtu.be/BaCn8kVUY8M (Spanish)
Yt Tun: https://youtu.be/uDoIbGOe6Qg (Bahasa)

Coinfox took our trail 🦊 follow the read to know why 👇

http://www.coinfox.info/news/12229-defi-project-dymmax-closed-softcap-25-minutes-after-the-start-of-the-token-sale-and-is-holding-a-new-competition

Guys, please you can now rate #DYMMAX at
Coincodex ⭐️

https://coincodex.com/ieo/dymmax/

Appreciate your support 🙏

📢Attention! Our IEO on Probit is on the finishing line, only 3 days left! Hurry up 🚄

https://www.probit.com/en-us/ieo/dmx-round1/0

I like the decision that only quoted assets are used in liquidity pools, like for the ETH/USDT pair, the liquidity pool will consist only of USDT tokens.

👏 First round of #DYMMAX IEO on Probit is over!

🎉 Thank you guys for support and participation. We love you ❤️

...and we will come back with news and updates soon, so see you around 😉 #HODLDMX

🥳 Round 1 successfully closed 🎉

Thank you everybody who participated ❤️

The summary below 👇

https://dymmax.medium.com/first-round-is-successfully-closed-369eca876264

🔔 The bell rang for DYMMAX to launch second (and Final) IEO round on Probit!

📢  7 December 2020 12:00 to 20 December 2020 6:00 (GMT+3)

✨Price: $1.25 / DMX
✨10% bonus on ERG, WAVES
✨5% bonus on BTC, ETH, USDT

🙏Thank you for your support guys, spread the word
🤜💥🤛 #HODLDMX
 
https://support.probit.com/hc/en-us/articles/900004726783

Btw, we have a contest on Twitter that is still going right now!

https://twitter.com/dymmax_protocol/status/1329766281571164164

Final day of the second IEO round on Probit! 

https://hub.forklog.com/dymmax-sozdaet-revolyutsiyu-v-stejkinge/

💥🚀 Congratulations to all of you guys! Trading on @ProBit_Exchange has been started. You can easily find our pair, just try $DMX in the search field 👀

Thank you!

Also, 🦎 DYMMAX was spotted by Coingecko 👀

https://www.coingecko.com/en/coins/dymmax

#HODLDMX 🙏

DYMMAX on Coinspeaker!

https://www.coinspeaker.com/dymmax-cryptocurrency-derivatives-project-announced-completion-of-ieo-raising-over-1-million/