Moon.com-Binary Into Leverage Gambling

[ashmodeus]

About 2 weeks ago,Moon.com officially launch. It seems people haven't recognized that site since the launch it self is no ads or some, its just appear form nowhere. About moon.com its a online platform that blends market tracking(crypto or stock),binary options,and high-leverage prediction wagering. With max lev up to 1000x , why i am intrested not because its a trading into gambling but people who created it. According to multiply data i've read on , Easygo Entertainment-the Melbourne-based tech put Moon.com as a newest product alongside Stake and Kick, so i am preety sure Stake CEO's Ed Craven and Bijan Tehrani is people who creating this site, despite there still no official statement about it, but, well as u can see after u regist, its almost same like stake user menu feature's such as VIP,rakeback,Weekly or Monthly, the diffrence is only u and the house. what u must considering about binary options is about who created the price , itsn't ? well, on moon The prices do not come from Moon, which is the strongest fairness point on the site. They are aggregated from DXFeed, Pyth Network and SEDA Protocol, and SEDA has publicly confirmed the relationship.
About perspective of profit, well, i'll put some data from fairgambling.com for calculation.

Bitcoin rises 0.1% and you are up $100 gross; Moon takes at least $10 in performance fee and you already paid $1 to open, so you net about $89. Bitcoin falls 0.1% instead, the bet busts, and you are out $101. Two moves of identical size, before the spread and any holding fee. That asymmetry is Moon's business model.

Rakeback returns 3.5% of fees paid to accounts that arrive via a partnered affiliate or reach Bronze VIP. Moon calls it "passive earning." It is a partial refund of the fees, not of the spread, which is the larger and unpublished cost.

So,how u think ? it this a good business expansion or become a bust,since majority people think binary option its very unfair gambling mode.

[Upgrade00]

They just popped up but seem to brave raised $300 million already. I checked the website but did not see any confirmation on that or their roadmap before they got launched publicly.

I am not a fan of binary options, too heavily dependent on luck with the one or the other answers. The website is well positioned to make lots of money with losses and the house edge they are taking on wins as performance fees.

Those looking for high risk, high rewards stakes will be af home on a service like this.

[stadus]

They just popped up but seem to brave raised $300 million already.

This is quite shady because there is no confirmation about the amount they supposedly raised. We can only see the $300 million claim from social media posts, probably from some influencers, but not from their official announcement.

They already have this news here:
https://www.accessnewswire.com/newsroom/en/blockchain-and-cryptocurrency/moon.com-launches-24%2F7-leveraged-up-or-down-betting-with-losses-cappe-1213878

If they really raised that much, I think it should have been mentioned there because that is a big achievement and it could help build more confidence from users and investors.

[ashmodeus]

Well , i guess u guys miss-understanding about what moon i called , this is not Coin offering or something with a roadmap, i mean listen , this is a multi billions dollar company behind the scene, stake and kick. I mean what the reason they need investors to open new company instead using profit from other company they have for starting, and if needed they will put it on product offering , despite i hear some news which says eddie has buying moon.com instead creating it, eventhough no official statement like i say before.

[rohang]

They just popped up but seem to brave raised $300 million already. I checked the website but did not see any confirmation on that or their roadmap before they got launched publicly.

I am not a fan of binary options, too heavily dependent on luck with the one or the other answers. The website is well positioned to make lots of money with losses and the house edge they are taking on wins as performance fees.

Those looking for high risk, high rewards stakes will be af home on a service like this.

Not sure about how much they raised or if they even need to

But its confirm that this is owned by eddie, founder of stake. So they shouldnt need to raise capital unless its open for partnerships

[Perfectbaby]

Well, I don't know if you are some how connected to this site or you are being hired to post them here on the forum, if you are a representative it would be nice you make a proper presentation about them and post with someone valuable information that needs to be known by the community as I don't see any reason to talk about them here why they are not running any promotions here, and this could likely affect most people who could want to try out the site and if there is any issues or problems they wouldn't be that easily attended to due to they aren't running any promotions.

[o48o]

I wonder how much they paid for the url and how long they have been sitting on that deciding what to do with it.

Also isn't this just trading? I am pretty sure that playing with ridiculously leveraged bet on exchange is trading even if we are not changing the currency. And if it's not for some reason, i don't really get what more i could get from this then from actual leveraged trading. Not that i ever would trade or even play with 1k leverage no matter what the asset is .

I however get how something like this could be an easy and gamified entry for leverage trading.