91% Return - Impossible for broker to cheat results (Daily Binary Service)

[jackSmith2020]

Hey everyone,

I am like many of you in this forum,  worried about brokers fixing the results in order to make a lot of money on us. I came up with a idea that hopefully will convince a few of you that there is another way.

Within the website I am building, everyone would bets on if a the closing rate of EURUSD will be higher or lower than the day before. This cannot be cheated as everyone can check this number from which ever source they like.

The trick is that there is no "fixed" return % per say. The amount you put in determine the amount you would will in case of a successful "trade".

For example, if users collectively put 1 BTC on CALL and 1 BTC on PUT and YOU put 0.1 BTC on CALL, you would own 10% of the bet. In case of a win, you would earn 10% of the losing pot (0.1 BTC) + your initial investment (0.1). The service would keep 9% of the losing pot before distributing. This is what makes it a 91% return.

But this 91% could actually be much greater if you side with the lower trend. (lower if you are in the larger pot!)
For example, if the total trades for CALL is 3.0 BTC and PUT is 1.0 BTC, and you bet 0.1 BTC on PUT, you would be earning 30% of the CALL pot + your initial 0.1. That would be in this case 0.4 BTC ( - the 9% taken on the losing pot, 0.373 BTC)


I am thinking of stopping bets 6 hours before the closing time.

All transaction and wins would be transparent on the for everyone to see.


The site is near completion and I will send the URL really soon; If you like the idea and want to try it out, please let me know!

[vigory]

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[jackSmith2020]

Great that illustrates my point quite well Maybe what I am suggesting could actually be a solution to those platforms that endup being scams... Anyone as any feedback on this suggestion then ?