On the eve of yet another possible bank bailout I introduce the Cryptops project.

Cryptops is a decentralized exchange (DEX) created to make it easy for users to trade cryptocurrency option derivatives directly on the blockchain order book using tokenized traditional financial derivative assets. Cryptops uses asset tokens to represent real world cryptocurrency option derivatives that are issued on a direct access blockchain order book.

Some of the unique benefits of the Cryptops implementation of asset tokenization include the following.
 * The most censorship resistant cryptocurrency derivatives DEX available.
 * The most secure and convenient staking model that does not involve any kind of obscure lending, lockup periods or needing run your own node.
 * The asset token derivatives are exercisable to tokens that reference the underlying which is pegged in value and directly transferable to real world native coins on their blockchains.

A unique benefit of Cryptops is being a censorship resistant cryptocurrency derivatives DEX. Just download the CryptopsTerm trade wallet to your computer or tablet to self host and run your own Cryptops core node to directly access all coins and other assets in your wallet using only a secret key. There are no potentially harmful browser plugins that need to "connect" to a hybrid off-chain order book that could easily be IP blocked and censored.

Derivatives trading on Cryptops is done using the native COE utility coin. The public native COE coin is not available on any CEX or through any VC bank and currently can only be purchased using the unique innovative self hosted ICO that uses a direct Bitcoin BTC to Cryptops COE bridge.

The Cryptops project wants to be like an Ethereum for disperse layer 1 blockchains bridging out directly to native coins while also providing a derivatives exchange for each of the bridged coins.

Live trading is now available on both the testnet and main public Cryptops blockchains. The option derivative assets on the main public blockchain can be explored using the CryptopsTerm trading wallet.

The ICO pricing is available to welcome and incentivize new users to the Cryptops platform. Also as an added bonus and to further incentivize new users the transaction fees have been lowered to be near free during the ICO.

I am just trying to gather information and collaborate to make Cryptops the best next generation DEX it can be. The current DEX solutions seem to be lacking in actual real potential advantages over current CEX.

Cryptops currently runs on 30 different servers in random data centers worldwide and none do or ever will any kind of restricting by region. This could be easily defeated in Cryptops anyway by just running your node and getting direct blockchain access to your trade wallet.

Can they truthfully be called decentralized if they are able to restrict by region like that? In my opinion it would not be a true DEX.

The CryptopsTerm wallet/trade app is available for public use. The same app works for both the testnet and main public blockchains. The app will default to using the main public blockchain, if you want to use with the testnet just postfix "#testnet" after the URL for example https://cryptops.exchange/CryptopsTerm/#testnet. To exit testnet mode just reload the page using your browser.

If you would like to further explore the wallet/trade app you can generate your own self custody Cryptops account keys for the testnet using the Cryptops Laboratory at https://laboratory.cryptops.exchange/#account-creator?network=test then fund using the friendbot/faucet on the same page.

Cryptops is a new DEX that was designed to be easy for new users who want to trade crypto option derivatives on blockchain.

In short Cryptops is a direct access layer 1 blockchain with an on-chain order book that uses layer 2 components to provide a verifiable crypto options derivatives market. The trades close on average in 3 seconds and is able to handle 1000+ transactions per second.

For improved security there are no browser wallet plugins, smart contracts or protocols that have a history of being hacked and losing millions. Just straight forward direct access to the assets/tokens that reference the on blockchain option derivatives.

Cryptops is an open publicly available blockchain that anyone can use to create their own option derivatives market for any crypto currency they desire. Cryptops will be creating an options derivatives side chain for BTC at the launch of the blockchain. I am willing to help anyone interested in launching an option derivatives market for any crypto of their choice, just send me a message.

Some advantages Cryptops has to offer include:
1) You are able to generate a secure account on an air gapped computer then download the CryptopsTerm wallet/trade app and trade without your keys ever needing to leave your premises.

2) You can run your own Cryptops node with the CryptopsTerm wallet/trade app and get 0 ms access time to the on blockchain order book, again with your keys ever never needing to leaving your premises.

3) Cryptops has the best most secure staking rewards model and staking is possible without needing to run a node or anything like that. In Cryptops you can earn staking rewards on coins that are held in a cold storage wallet that was created on an air gapped computer. The rewards are automatically paid out weekly to your configured hot wallet address using a built-in blockchain mechanism.

The testnet BTC option derivatives can be viewed using the CryptopsTerm at https://cryptops.exchange/CryptopsTerm/#testnet by clicking "Markets" then "Monthly BTC Calls" or "Monthly BTC Puts".

Self custody account keys for the testnet can be generated using the Cryptops Laboratory at https://laboratory.cryptops.exchange/#account-creator?network=test then funded using the friendbot on the same page.  Wallets in Cryptops are not considered valid until they have been funded.

If anyone thinks this project has potential and would like to take part at an early stage to help launch the project just send me a message. Current plans are to launch the BTC option derivatives market on the public Cryptops blockchain early next year.

If you are going to be investing in new coins I would suggest looking for projects that are unique and innovative that can explain exactly how they are eventually going to earn a return for the hodlers. There are so many coins currently available with extremely high valuations that are only slightly different from each other and don't talk about how they are going to make steady income to be able to out last the many other similar coins.

I am biased of course, but I think the next craze will be decentralized exchanges offering assets/tokens that directly reference on blockchain derivatives that also offer ICO price increases has exciting potential.

I am biased of course, but an alternative I have not seen mentioned yet would be to avoid the hassle of needing to use third party arbiter exchanges and find projects that offer direct BTC blockchain to blockchain bridges that offer ICO price increases. This could be more convenient and decrease overall risk exposure. A project that can at least explain how it is going to earn a return for their hodlers and have proof of some implementation may be a good idea in these financially troubling times. Of course as others mentioned DYOR/DWYOR.

I recommend only staking directly on blockchain using a wallet that only you have full control of and not using any staking services found on CEX's or otherwise. I have over 2 ETH staked on Kraken that I can't access! I am not even allowed to terminate the staking and just get back the initial principal. Unfortunately, sometimes do to high minimum staked requirements you are forced to use a staking service to receive rewards.

I think that Cryptops has the best most secure staking rewards model and staking is possible on both the testnet as well as on the main public blockchain without needing to run a node or anything like that. In Cryptops you can earn staking rewards on coins that are held in a cold storage wallet that was created on an air gapped computer. The rewards are automatically paid out weekly to your configured hot wallet address using a built-in blockchain mechanism.

There is no lock in period for staking on Cryptops and you can move the staked coins out of your staking wallet at any time. The only requirement is for the staked wallet to contain at least 50,000 COE which at current prices is 0.25 BTC.

To make that happen just set the inflation destination of your cold wallet to be your hot wallet using the blockchain protocol.

Here are instructions to setup staking on the Cryptops testnet blockchain using the CryptopsTerm wallet/trading app at https://cryptops.exchange/CryptopsTerm/#testnet.

• Click on "Account" near the top middle of the page and enter the secret key for the account, then click the "Log in" button.
• After entering in your secret key you are taken to the "Balances" page, next click on "Inflation" near the top center of the page.
• Next enter in the public key of your hot wallet that you want to receive the staking rewards into the input box labeled "Inflation destination".
• Then click the "Set inflation destination" button

It is also possible to setup staking using the Cryptops Laboratory for testnet at: https://laboratory.cryptops.exchange/#?network=test

You can create a testnet wallet using the Laboratory at https://laboratory.cryptops.exchange/#account-creator?network=test, then fund it with the Friendbot further down on the same page. Wallets in Cryptops are not considered valid until they have been funded.

I think the collapse of FTX will be over all good thing for crypto in the long run for a couple reasons. One reason is that this will encourage users to look for decentralized self custody alternatives for trading crypto currency derivatives. The second reason being that crypto investors and VC's will hopefully now take the time to research and apply due diligence when looking for projects to invest in. With far fewer pump and dump, rug pull ponzi types and overall better quality innovative projects in crypto it will attract more investors because they will view the market as being more credible and serious.

Some minimal industry guidelines could be developed and accepted to differentiate the projects seeking funding.

These guidelines could include:

• Is the project able to display basic functionality running on a testnet?
• How long has the project been in development while running on the testnet?
• Does the project have a main public blockchain up and running?
• Can the project explain exactly how it is going to earn a return for its hodlers instead of simply waiting and hoping that greater fools come along?
• Will the project provide any kind of unique disruptive innovation to the space it is entering or is it simply a similar slightly different copy of other established solutions?

I think early stage small cap projects that have an innovative disruptive solution will be providing the best gains going forward. How many of the coins in the OP favorite list can actually explain exactly how they are going to earn a return for their hodlers?

The hacks seem to involve using buggy smart contracts or protocols. It is really a shame and harmful for the early reputation DeFi of as a whole. Maybe it is better to find DeFi projects to investment with that don't even use smart contracts or any protocols at all?

The new ultra green direct on blockchain crypto options derivatives exchange that makes it easy to run your own Cryptops node and achieve 0ms latency time to the on blockchain order book with transactions closing on average in under 5 seconds.

Here is a screen grab showing the resources being consumed by a Cryptops main public network node running inside a container. The host system is using a Ryzen 9 3950X CPU and as can be seen by the trailing zeros after the "Load average:" metric, the Cryptops node uses very little of the system resources while providing direct access to the on blockchain order book.

There are so many crypto currencies that don't explain how exactly they are going to earn a return for their coin holders. Cryptops has created a video explaining exactly that for the holders of the native utility coin COE.

https://youtu.be/IhZwDq0S2gc

Cryptops is the new innovative ultra green solution for on blockchain crypto option derivatives. Current on blockchain crypto options are implemented as a layer 2 solution using a compute and energy intensive "turing complete" VM.  Cryptops makes the option derivatives available directly on a layer 1 blockchain orderbook without the need for an on blockchain "turing complete" VM. The new method will greatly simplify access and provide for verifiability while also expanding the ease of public accessibility for end users.

Cryptops has made a video introducing the project and explaining exactly how the COE utility coin generates a return for its holders.

The video can be seen here: https://youtu.be/IhZwDq0S2gc

Cryptops is making available an ICO of the native layer 1 utility coin called COE. The amount being offered is the interest that has accrued during the research and development phase of the project. The time period for the interest starts with the beginning of research and development on the Cryptops blockchain that started in January 2018 until now. This accrued interest of COE will be sold to secure the production launch of the BTC option derivatives that will be placed directly on the Cryptops blockchain. The COE ICO amount was obtained by collecting the 1% Cryptops blockchain inflation from both the remainder and build challenges accounts shown in the distribution document at https://cryptops.exchange/download/Distribution.pdf.

Details of the Cryptops COE ICO.

• ICO Amount: 41,500,000 COE
• ICO Price: 0.000005 to 0.0000549 BTC
• ICO Price Levels: 500
• ICO Minimum Purchase: 0.001 BTC
• ICO Start Date: 9-28-2022
• ICO End Date: When public BTC options are launched.

The Cryptops COE ICO has now begun! Cryptops COE can be purchased using the direct BTC to COE bridge.

The ICO price will start at 0.000005 and increase to 0.000055 BTC per 1 COE using 500 incremental price levels. This gives a price increase of 10 satoshis for each of the 500 levels.

All that is needed to purchase COE is to send BTC to the address indicated. There are no browser plugins that need to be installed to access a third party blockchain. The purchase process is made simple using the direct BTC to COE bridge.

Cryptops is a new DEX that was designed to be easy for new users who want to trade crypto option derivatives on blockchain.

In short Cryptops is a direct access layer 1 blockchain with an on-chain order book that uses layer 2 components to provide a verifiable crypto options derivatives market. The trades close on average in 3 seconds and is able to handle 1000+ transactions per second.

For improved security there are no browser wallet plugins, smart contracts or protocols that have a history of being hacked and losing millions. Just straight forward direct access to the assets/tokens that reference the on blockchain option derivatives.

Cryptops is an open publicly available blockchain that anyone can use to create their own option derivatives market for any crypto currency they desire. Cryptops will be creating an options derivatives side chain for BTC at the launch of the blockchain. I am willing to help anyone interested in launching an option derivatives market for any crypto of their choice, just send me a message.

Some of the innovative advantages the Cryptops DEX has to offer include:

• You are able to generate a secure account on an air gapped computer then save the CryptopsTerm wallet/trade app to your computer and trade without your keys ever needing to leave your premises.
• You can run your own Cryptops node with the CryptopsTerm wallet/trade app and get 0 ms access time to the on blockchain order book, again with your keys ever never needing to leaving your premises.
• Cryptops has the best most secure staking rewards model and staking is possible without needing to run a node or anything like that. In Cryptops you can earn staking rewards on coins that are held in a cold storage wallet that was created on an air gapped computer. The rewards are automatically paid out weekly to your configured hot wallet address using a built-in blockchain mechanism.

COE is the native coin on the Cryptops blockchain that provides a weekly distribution of ALL network fees plus 1% inflation to all qualified accounts. The tokenomics of the Cryptops blockchain is clear transparent and easily understood. The Cryptops blockchain uses the COE utility coin to provide for a verifiable fair and honest options market for crypto currencies directly on a layer 1 decentralized distributed blockchain. The Cryptops project has been in research and development for over 4 years now.

Cryptops is a fork of the upstream Stellar code base. A major difference from the upstream Stellar code is the total quantity of 1 billion native coins (COE). Other major changes include the 1% interest and transaction fee sharing to qualified accounts on the Cryptops blockchain as well as the network starting date of January 2018.

Cryptops test network
The test network for the Cryptops blockchain is running on 8 nodes in random data centers around the world and has been up for about 3 years and is over 15 million ledgers deep. The API server for the Cryptops test network can be found at: https://horizon-testnet.cryptops.exchange

Cryptops main network
The main network was brought up on 12 nodes running in random data centers around the world just a few months ago and is already over a million blocks deep. The API server for the Cryptops main network can be found at: https://horizon.cryptops.exchange

• Website: https://cryptops.exchange
• Laboratory: https://laboratory.cryptops.exchange
• Whitepaper: https://cryptops.exchange/download/Whitepaper.pdf
• Roadmap: https://cryptops.exchange/download/Roadmap.pdf
• Test network option assets: https://api-testnet.cryptops.exchange/v1/ticker.json
• Test network API server: https://horizon-testnet.cryptops.exchange
• Main network API server: https://horizon.cryptops.exchange