Bitcoin Forum
November 19, 2017, 09:13:45 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: ANN GryfX Alts Options Market Release October 1st - GryfenCoin, Shares, Broker  (Read 4484 times)
ZigbsZigbs
Member
**
Offline Offline

Activity: 61


View Profile
September 18, 2014, 01:10:20 AM
 #1



GryfX Options Market

brought to you by GryfenCrypto Inc. and GryfenCoin

Co-Founders' Announcement: http://youtu.be/m-SBajG5YxM

The GryfX options market allows you to buy, sell, trade and execute on cryptocurrency altcoin options as well as allowing you to send, receive and invest in GryfenCoin.  Using GryfenCoin you can speculate on the performance of other Altcoins during any market state.  This means that you can profit on altcoins even when they are going down - and most of them go down.  You can hedge your bets and purchase many options and only execute on the ones that look attractive - or you can use your inside crypto knowledge to your advantage here.

We accept deposits directly in Bitcoin, Litecoin, and Darkcoin - switched directly for GryfenCoin to play the market with the daily posted acceptance rate.  You can pull GryfenCoin in, profit on a few trades, transfer your coins out and trade them for Bitcoin.

GryfX Old Crypto Brokerage Service
Got old crypto that isn't doing anything?  Want to free up your hands and get a coin that is going somewhere?  
No matter what coin we'll take a look and make us an offer so make us an offer and we'll put some $gryF in your hands

GryfX Brokerage *NEW


In chaotic and uncertain times GryfenCoin really tries to be different.  GryfenCoin is not only backed by Proof of Work & Proof of Stake Block Chains but by rare earth metals and the option market’s daily profits.  

The market, speculation, booms, busts, rises and crashes all make GryfenCoin worth more - providing a level of insulation in currencies for an uncertain time in global finance.  

All of the micro-fees collected from the gryfX market - instead of being paid out in dividends to a select few - are re-invested back into the coin’s metal holdings giving benefit to every last holder of GryfenCoin.  Besides the inherent value behind the coin it’s good to have a strong backing from multiple sources -- which GryfenCoin does.

In the near future we will be offering recurring payments to our users so they can worry about the GryfenCoin economy and not worry about buying it.   If you opt in and set up recurring payments you will get bonuses like extra coins, advantages in gryfX, and other opportunities.  You can get locked in to the Gryfen economy now at a lower price, and sell off your coins as the price further increases.


COINS AND SHARES FOR SALE
Class A shares
Class A shares give you gryfencoins each day and every day, for a month based on the steady interest of 2 Billion Coins - the gryfX House Account Backup.  With Class A shares you’ll get coins every day as the interest compiles - this will give you a safe and steady stream of coins to play the Options Market with - also preventing you from going bust and spending all your coins.  By purchasing Class A shares you’ll help fund the GryfenCoin-gryfX team.  We’ll be able to hire on new members, add new capabilities, and take the coin to the next level.
100 shares total
$20/share
or 0.04 BTC


Class B Shares
Class B shares give you coins each and every day for a month based on the variable interest on the gryfX House Account(varying between 200 Million and 450 Million). Because the account varies so much the shares are sold at a discount initially and then priced with the market.   They still deliver coins every day as the Class A shares do but the number of coins can vary day by day with the amount of coins gryfX pays out to users.  By purchasing Class B coins you help us build GryfenCoin and gryfX and take them to new levels.  With your help we can grow our team, our community, conduct more tests and keep barreling forward.
100 shares total
$4/share
or 0.01 BTC


Buy GryfenCoins directly from us
Want to mine GryfenCoins but don’t have the hardware, or don’t know how, or you don’t want to deal with the heat and electricity?  Proof of Stake is for you.  Earn coins through simple daily interest by keeping your wallet online - every 24 hours interest is delivered.
You will get rewarded with regular rewards and returns by being a part of the GryfenCoin economy.  Purchase GryfenCoins from gryfX , help back the blockchain with Gold, and become a stakeholder in the next digital economy.
Coins are from the gryfX House Account and revenues receives are used only to invest in the coin itself.  Funds received are used to purchase Gold & other rare earth metals to back the coin.  You can set up recurring coin purchases and lock in at a monthly rate with us.
Use GryfenCoins to buy, sell, trade and use options on gryfX to make even more GryfenCoin that you can withdraw and then trade for Bitcoin.
$1 -> 20,000 GRYF   or 0.00000010BTC = 1 Gryf = 10 Satoshi

BTC ADDRESS:  18k4GcpEngXkDBn8HS7kh229WdN2U15M47
Follow up and email GryfenCoin@Gmail.com



Explain to me...WTF are options?

Every day, hundreds of fiat currencies like the US Dollar and Euro are exchanged for each other. Any given pair of currencies has a price ratio that is set by market forces of supply and demand and this price changes over time. Both of these statements apply just as equally to cryptocurrencies like Bitcoin and Litecoin.

A financial option is the option(right or obligation) to buy or sell something. Options are used when one desires the right or full obligation to buy an asset and pays a premium to the seller for this right and pays the seller a variable amount for the option.  An option to purchase or sell a certain amount is fairly cheap whereas a full obligation is a preorder. In the case of currency options, the assets in question are altcoins/cryptocurrencies other than Bitcoin.

Ancient Greeks Rocked Options

For example, the first option ever created is believed to have been bought by the Ancient Greek philosopher and mathematician Thales. He heard a rumor that the coming olive harvest would be more bountiful than usual and, after giving it some thought, bought the right but not the obligation to use some olive oil presses (for making olive oil) at a small fee called a premium.

The owner of the olive oil presses agreed that, when the spring came, Thales could but did not have to rent the olive oil presses at a price that was set in the winter back when nobody (except Thales) knew that olives were going to be in abundance. This would cause the production of olive oil to be cheaper so more people would want to do it. This would increase demand for olive oil presses, the other resource (other than olives) needed for producing olive oil. When demand goes up, price goes up with it. Anyone owning olive oil presses could rent them out at a profit.

So when spring came round the harvest was indeed larger than usual; Thales' hunch was right. Thales executed or exercised his option, gaining rights over the olive oil presses for the season. He then rented the presses out at a profit, which is equal to the revenue from renting out the presses minus his sunk cost of the premium to the owner of the olive oil presses in the winter and variable cost of paying for the cost of the olive oil presses in the spring.

If the harvest had been smaller than normal, he would have not executed his option and would not have rented out the presses, losing only the small fee he paid for the option. The reason why he did not wait and rent the presses in the spring when the truth about the harvest came is because then the owner would know about the harvest too and would raise the price of renting the presses so Thales would not make any profit.


Imagine you instead of Thales and cryptocurrencies instead of olive oil and presses. This is where GryfX comes in.

Don’t just believe us, read about it on Wikipedia..

Options are one of the most common forms of financial derivatives, a type of asset. The global derivatives market is valued at over $450 trillion]



Explain to me...WTF are options?

Every day, hundreds of fiat currencies like the US Dollar and Euro are exchanged for each other. Any given pair of currencies has a price ratio that is set by market forces of supply and demand and this price changes over time. Both of these statements apply just as equally to cryptocurrencies like Bitcoin and Litecoin.

A financial option is the option(right or obligation) to buy or sell something. Options are used when one desires the right or full obligation to buy an asset and pays a premium to the seller for this right and pays the seller a variable amount for the option.  An option to purchase or sell a certain amount is fairly cheap whereas a full obligation is a preorder. In the case of currency options, the assets in question are altcoins/cryptocurrencies other than Bitcoin.

Ancient Greeks Rocked Options

For example, the first option ever created is believed to have been bought by the Ancient Greek philosopher and mathematician Thales. He heard a rumor that the coming olive harvest would be more bountiful than usual and, after giving it some thought, bought the right but not the obligation to use some olive oil presses (for making olive oil) at a small fee called a premium.

The owner of the olive oil presses agreed that, when the spring came, Thales could but did not have to rent the olive oil presses at a price that was set in the winter back when nobody (except Thales) knew that olives were going to be in abundance. This would cause the production of olive oil to be cheaper so more people would want to do it. This would increase demand for olive oil presses, the other resource (other than olives) needed for producing olive oil. When demand goes up, price goes up with it. Anyone owning olive oil presses could rent them out at a profit.

So when spring came round the harvest was indeed larger than usual; Thales' hunch was right. Thales executed or exercised his option, gaining rights over the olive oil presses for the season. He then rented the presses out at a profit, which is equal to the revenue from renting out the presses minus his sunk cost of the premium to the owner of the olive oil presses in the winter and variable cost of paying for the cost of the olive oil presses in the spring.

If the harvest had been smaller than normal, he would have not executed his option and would not have rented out the presses, losing only the small fee he paid for the option. The reason why he did not wait and rent the presses in the spring when the truth about the harvest came is because then the owner would know about the harvest too and would raise the price of renting the presses so Thales would not make any profit.


Imagine you instead of Thales and cryptocurrencies instead of olive oil and presses. This is where GryfX comes in.

Don’t just believe us, read about it on Wikipedia..

Options are one of the most common forms of financial derivatives, a type of asset. The global derivatives market is valued at over $450 trillion, compared to stocks and bonds at just $50 trillion. Options markets are one of the most important financial institutions on the planet, diverting capital to where it is most efficiently utilized.

Options are created by contractual agreements between two or more parties. Essentially what it does it encourage individuals to time their large purchases/sales well. Our options market app for Windows, Linux, iOS (iPhone + Mac), and Android will establish a framework for buying and selling calls and puts on cryptocurrencies.

Crypto assets explosion

Cryptocurrency has exploded in popularity this last year and is on the brink of total disruption to the finance sector. Cryptoassets like NEMstake and Nxttycoin have also emerged although this industry is even more fragmented and fraught with danger than the altcoin market. What GryfX does is build a strong foundation for a popular type of financial instrument to be used and traded in a secure, publicly scrutinized market. Not last of all, it is going to be fun!

Future development is always on our mind. We plan on expanding our platform into other financial derivatives like futures and swaps.


A list of cryptocurrencies whose developers have committed to participation on the options market:
1. Stability Shares - https://bitcointalk.org/index.php?topic=490529.0
2. HTMLCoin - https://bitcointalk.org/index.php?topic=507215.0
3. VeriCoin - https://bitcointalk.org/index.php?topic=602041.0
4. XXXCoin - https://bitcointalk.org/index.php?topic=665809.0
5. TitCoin - https://bitcointalk.org/index.php?topic=423523.0
6. Karma - https://bitcointalk.org/index.php?topic=447657.0
7. JudgeCoin - https://bitcointalk.org/index.php?topic=666335.0
8. IsraCoin - https://bitcointalk.org/index.php?topic=529409.0
9. MartexCoin - https://bitcointalk.org/index.php?topic=598162.0
10. WorldAidCoin - https://bitcointalk.org/index.php?topic=660090.0
11. OnyxCoin - https://bitcointalk.org/index.php?topic=717337.0
12. Qora - https://bitcointalk.org/index.php?topic=522102.0
13. CannabisCoin - https://bitcointalk.org/index.php?topic=486509.0
14. WorldDollar - https://bitcointalk.org/index.php?topic=705160.0
15. ShadowCoin - https://bitcointalk.org/index.php?topic=404774.0
16. PandaCoin - https://bitcointalk.org/index.php?topic=460037.0
17. NestCoin - https://bitcointalk.org/index.php?topic=624041.0
18. Negotium - https://bitcointalk.org/index.php?topic=451306.0
19. EnergyCoin - https://bitcointalk.org/index.php?topic=589008.0
20. GroupCoin - https://bitcointalk.org/index.php?topic=24813.0
21. HempCoin - https://bitcointalk.org/index.php?topic=506320.0
22. ApexCoin - https://bitcointalk.org/index.php?topic=686403.0
23. G8Coin - https://bitcointalk.org/index.php?topic=667329.0
24. ScotCoin - https://cryptocointalk.com/topic/9033-scotcoin-scot-information/
25. OrcaCoin - https://bitcointalk.org/index.php?topic=475799.0
26. RainbowCoin - https://bitcointalk.org/index.php?topic=467851.0
27. BizCoin - https://bitcointalk.org/index.php?topic=725670.0
28. XCloudCoin - https://bitcointalk.org/index.php?topic=702981.0
29. CarbonCoin - https://bitcointalk.org/index.php?topic=465364.0
30. TittieCoin - https://bitcointalk.org/index.php?topic=437695.0
31. FuelCoin - https://bitcointalk.org/index.php?topic=589879.0
32. ShillingCoin - https://cryptocointalk.com/topic/8791-shillingcoins-shi-information/
33. GlobalDenomination - https://bitcointalk.org/index.php?topic=578574.0
34. UnbreakableCoin - https://bitcointalk.org/index.php?topic=539945.0
35. RipoffCoin - https://bitcointalk.org/index.php?topic=721006.0
36. VikingCoin - https://bitcointalk.org/index.php?topic=649169.0
37. SovereignCoin - https://bitcointalk.org/index.php?topic=489850.0
38. FerengiCoin - https://bitcointalk.org/index.php?topic=484841.0
39. BigBangCoin - https://bitcointalk.org/index.php?topic=716901.0
40. CannaCoin - https://bitcointalk.org/index.php?topic=482425.0
41. Coin of the Magi - https://bitcointalk.org/index.php?topic=548368.0
42. TeddyCoin - https://bitcointalk.org/index.php?topic=671413
43. Cannacoin - https://bitcointalk.org/index.php?topic=482425.0
44. MagiCoin - https://bitcointalk.org/index.php?topic=548368.0
45. ChanceCoin - https://bitcointalk.org/index.php?topic=528023.0
46. WankCoin - https://bitcointalk.org/index.php?topic=625934.0
47. Tagcoin - https://bitcointalk.org/index.php?topic=317408.0
48. SibitCoin -
49. Abundance Coin - https://bitcointalk.org/index.php?topic=682939.0
50. Franko - https://bitcointalk.org/index.php?topic=202417.0

We are constantly looking for cryptocurrencies and cryptoassets of all kinds to add to our market. If you want your coin to be featured on the GryfX cryptocurrency options market, Tweet us or email us.

Social Media:

Twitter: https://twitter.com/gryfencoin
Plus, as a lot of you have noticed there will be more and more characters in the GryfenWorld and we look forward to the interactions Smiley

Facebook: https://www.facebook.com/gryfencoin

Reddit: http://www.reddit.com/r/GryfenCrypto/

GryfenCrypto Inc. Website

GryfenCoin website

GryfenCoin bitcointalk announcement thread


Earn GryfenCoin : Please Take a Survey

Survey 1
Survey 2
Survey 3
Survey 4


Please contact us with any comments, questions, etc at Gryfencoin@gmail.com

We welcome all constructive comments and suggestions and will be monitoring this thread.
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
dvyanc
Sr. Member
****
Offline Offline

Activity: 322



View Profile
September 18, 2014, 05:54:47 AM
 #2

It's not only provides GRFY coin.
Also thinking GrfX Platform for trading also.
Think Having Long Run planning

Appreciated for That.
Nice GrfX
litecoin111
Full Member
***
Offline Offline

Activity: 205


View Profile
September 18, 2014, 07:02:22 PM
 #3

Interesting concept! will be back to check it out on the 1st
devvienuis
Sr. Member
****
Offline Offline

Activity: 460


View Profile
September 19, 2014, 02:56:29 AM
 #4

I'm holding my shares for sure  Grin

If they deliver what they promise... I'll be rich in a few years  Cool

I've been talking with the Developer from the early start (I even wrote an ICO analysis) and they haven't disappointed me yet! Constantly building and developing, throwing away what does not work and all for a long term vision... I do not only appreciate it, I LOVE it... Gives me nice dreams for sure  Kiss

Devvie
twitter.com/devnullius
ZigbsZigbs
Member
**
Offline Offline

Activity: 61


View Profile
September 23, 2014, 01:27:56 AM
 #5

Thanks guys! With our last mini-fundraising sprint we were able to raise pretty much exactly what we needed to launch GryfenCoin and not a cent or satoshi more.

We're not trying to raise that much money, we're content with the target of ~$2500 usd or about 5-6 BTC.

With that amount we will be able to not only finish difficulty issues in GryfenCoin in the Proof of Work & Proof of Stake mining but deliver a rich altcoins option market trading.  And not only that but we will be able to get listed on several exchanges so that all our loyal fans & followers will be able to trade GryfenCoins at an exchange - and I'm talking a real big exchange like Poloniex or Bittrex.   
We can do it with your guys support  Grin

baronvonclausewitz
Jr. Member
*
Offline Offline

Activity: 51


View Profile WWW
September 25, 2014, 03:01:35 AM
 #6

What do you guys want to see first?  Coin Options from Poloniex or Coin Options from Bittrex?

GryfenCoin Dev Team
devvienuis
Sr. Member
****
Offline Offline

Activity: 460


View Profile
September 25, 2014, 08:02:17 PM
 #7

It's not only provides GRFY coin.
Also thinking GrfX Platform for trading also.
Think Having Long Run planning

Appreciated for That.
Nice GrfX


Yep, I've been supporting them very long now and they always pull through! I like Smiley

Devvie
twitter.com/devnullius
devvienuis
Sr. Member
****
Offline Offline

Activity: 460


View Profile
September 25, 2014, 08:11:32 PM
 #8

What do you guys want to see first?  Coin Options from Poloniex or Coin Options from Bittrex?

I like Polon Smiley But you should go to the exchange with biggest volume PER MARKET Smiley

Devvie
ZigbsZigbs
Member
**
Offline Offline

Activity: 61


View Profile
September 27, 2014, 05:27:14 PM
 #9

Hey guys!

I'm going to be submitting to Bittrex and Poloniex tonight, as well as organizing promotions.

Has anyone here had prior experience trading options?
I'm curious to see the average users level of experience.
marechoux
Full Member
***
Offline Offline

Activity: 180


View Profile
September 27, 2014, 10:51:04 PM
 #10

I am pretty confused,

1st: I don't understand the difference between shares class A and Class B.
How does it work?Class A is 5 times more expensive why? how much coin can I expect with shares A or B, could you explain that bettter?

2nd: We can buy you directly some coins at a price of 10 satoshis, and there is 1 trillion coin, so at this price you estimate a market cap of 100.000 bitcoin, so somewhere close to ripple and litecoin.
Isn't it a bit expensive?

baronvonclausewitz
Jr. Member
*
Offline Offline

Activity: 51


View Profile WWW
September 28, 2014, 08:02:20 PM
 #11

Marechoux,

1. Class A shares pay out a higher rate because there are more, and they remain in an account that is the backup backing for gryfX.  There are 2 Billion and they just stay there and stake.
Class B shares pay out of an account that starts off as 500 Million.  It is the direct backup for gryfX.com.   This means this is the account that funds pay out from on gryfX.
So consequently; the range fluctuates between 250-450 Million Coins.  Why a fluctuation?  Sunk options and losses to the user on poor options choices  go back in to this account so there is a flow of coins both in and out.  We leave 50 Million free in Reserve to have the liquidity to back options payouts on gryfX.

The shares pay out over a month giving approx. 12,903 coins a day, over a month.  This is to reduce the footprint of additional coins and to taper them in.
Class B shares could expect anywhere from 1,000-3,500 coins a day - depending on the amount.  If the 50Million set-aside depletes then it draws from the 250-450Million coin account - thus the root of the variation in payouts.

2.The amount of coins actually in circulation right now is 72.5 Million.  We used 1 Trillion as our limit because we wanted to leave room to account for advances in computing & technology.
You're looking at it like the 1 Trillion coins has already happened, the actual situation is the number of coins in actual circulation is 72.5 Million.
Another advantage of the high coin cap is not only does the coin fight inflation but it fights dangerous deflationary pressures as well so it will be more likely to be spent and used vs. saved and dumped.
Things that bring the coin into circulation are 1.Proof of Work Mining, 2.Proof of Stake Minting, and 3.speculating on gryfX.


GryfenCoin Dev Team
Rayban34
Member
**
Offline Offline

Activity: 112

I support #EmpoEX


View Profile WWW
September 29, 2014, 11:34:37 PM
 #12

Hey guys!

I'm going to be submitting to Bittrex and Poloniex tonight, as well as organizing promotions.

Has anyone here had prior experience trading options?
I'm curious to see the average users level of experience.

I have a lot of gryf. I've been heavily invested since the day they announced their PRE ANN. I have absolutely no clue how to trade options though because I have never dabbled in it before. I'm sure I'll learn though, just as I learned how bitcoins, altcoins and coin markets work.

I'll tell you one thing though, I'm mega mega mega excited for Oct 1st to come along Smiley

BlackMarket
Sr. Member
****
Offline Offline

Activity: 322



View Profile
September 30, 2014, 02:16:29 PM
 #13

registered and send ID
waiting for my 10,000  Cool

baronvonclausewitz
Jr. Member
*
Offline Offline

Activity: 51


View Profile WWW
September 30, 2014, 06:36:39 PM
 #14

The 10,000 Coins for bonus are delivered inside of the exchange.

Starting October 1st all Shares & Coins that are purchased from GryfenCrypto will be delivered inside of the gryfX market as well to have tighter integration.

We're going to have some limits placed on the sizes of the options initially to force people to actually learn what they're doing so they don't just blow all their money and learn nothing about options.

This is a very transparent development and if anyone has any ideas at any time there is a feedback tab inside of the GryfX app and we welcome everyone to give us your opinions in there, at GryfenCoin@Gmail.com , in any of our threads on BTCtalk or CCT or SCF.info, in private messages, or even in person.

If you have something negative to say then I want to hear from you even more; we want to know why things are that way and what we can do to fix them. 

If you see something, Say something; and GryfenCrypto will knock this out of the park.

GryfenCoin Dev Team
Rayban34
Member
**
Offline Offline

Activity: 112

I support #EmpoEX


View Profile WWW
September 30, 2014, 10:30:11 PM
 #15

The 10,000 Coins for bonus are delivered inside of the exchange.

Starting October 1st all Shares & Coins that are purchased from GryfenCrypto will be delivered inside of the gryfX market as well to have tighter integration.

Quote
We're going to have some limits placed on the sizes of the options initially to force people to actually learn what they're doing so they don't just blow all their money and learn nothing about options.

^^Fantastic idea

This is a very transparent development and if anyone has any ideas at any time there is a feedback tab inside of the GryfX app and we welcome everyone to give us your opinions in there, at GryfenCoin@Gmail.com , in any of our threads on BTCtalk or CCT or SCF.info, in private messages, or even in person.

If you have something negative to say then I want to hear from you even more; we want to know why things are that way and what we can do to fix them. 

If you see something, Say something; and GryfenCrypto will knock this out of the park.

This is getting really exciting. I think they will.

litecoin111
Full Member
***
Offline Offline

Activity: 205


View Profile
October 02, 2014, 01:59:35 AM
 #16

So is this going to be available today or are we waiting for exchanges to integrate options?
BlackMarket
Sr. Member
****
Offline Offline

Activity: 322



View Profile
October 02, 2014, 12:18:14 PM
 #17

waiting update

baronvonclausewitz
Jr. Member
*
Offline Offline

Activity: 51


View Profile WWW
October 02, 2014, 05:14:05 PM
 #18

We worked on it until 1130pm last night and got the bare minimum functional will be pushing a release later today.

Sorry for being off on the time guys

GryfenCoin Dev Team
BlackMarket
Sr. Member
****
Offline Offline

Activity: 322



View Profile
October 04, 2014, 06:31:24 AM
 #19

any progress ?

baronvonclausewitz
Jr. Member
*
Offline Offline

Activity: 51


View Profile WWW
October 04, 2014, 09:35:17 PM
 #20

Version 1.0 is out.  We're going to be adding 4-6 new types of options and everything else to "flesh it out"

However we're adding in features one at a time - the last thing we want is some POS bloated javascript webapp that crawls like fb.  And also we care more about delivering the user the best possible experience.   So let us know what you want to see right NOW NOW, and we'll put the features into a priority that is aligned with the community.

GryfenCoin Dev Team
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!