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Title: Decentralized BITMEX on Ethereum Post by: mxnicula on September 10, 2018, 07:07:35 AM Hi everyone,
I am the CEO of a new decentralized exchange for ERC20 tokens: www.EtherMium.com (http://www.EtherMium.com) Right now our project focuses solely on the exchange of ERC20 tokens against ETH. However, we are also working on a new smart contract that would allow for derivatives trading on our platform. By derivatives I mean in fact futures contracts that would allow trading any asset (Bitcoin, Altcoins, Stocks etc, also shorting ICOs) in a decentralized manner. Basically, you would be able to bet on the price of an asset and get paid when you make a profit and lose money when you make a loss. Profits would be paid in ETH (TUSD is also an option). What you would get in the end is a Bitmex-like system with all transactions and custody of funds on the blockchain. The only thing you would have to trust is the real world prices that will have to be fed into the contract in order to reconcile contracts on contract expiration. Just wanted to find out if there is a market for such a product. Any feedback will be appreciated. Kind regards |