Please read everything carefully so that we don't have any confusion.
I want to bet $100 in ETH that my coin will do better in 7-30 days than yours.
So if you are interested I would like 1 other person to bet against me.
The betting will go at a $1k valuation.
Ex: Player 1 picks X coin and in 7 days it goes 10%
Player 2 picks XX coin and in 7 days it goes 8%.
The difference between the 2 is 2% which at a $1k valuation is $20.
There is a cap of $100 on the bet, and $20 is less so it doesn't get filled completely.
Player 1 gets $20 from player 2 in ETH.
Or
Ex: Player 1 picks X coin and in 7 days it goes -8%
Player 2 picks XX coin and in 7 days it goes -10%
The difference between the 2 is 2% which at a $1k valuation is $20.
There is a cap of $100 on the bet, and $20 is less so it doesnt get filled completely.
Player 2 pays player 1 $20.
Basically, all of the coins will be locked in at the price of Coinmarketcap unless our coins are on the same exchange then we can work it out from there. The coin picked must be on the top 100 of coinmarketcap.
This is how it will go down:
We will lock in a bet of $100 in terms of ETH. Then from that we can see the USD value.
Example: 1 ETH = $100. If player 1 owes player 2 $20 then regardless of the price of ETH, player 1 will give .2 ETH.
We will be using EST time zones and will do 7 days exactly from the time.
So now you verge investors can put your money where your mouth is
Let me know if there is any problems with this.
