1 Hour Option
Pay $X to win $100, in just minutes!
Price you pay changes dynamically with remaining time and price, win amount is always $100
Predict Hour-to-hour prices of BTC, ETH (Expires every 1 hour at 00:00)
Choose a Strike -> Place an Under or Over Order (or even both).
Multiple Strikes Available: Try out various strategies with 5 Strikes, 99%~101% of Start Price.
Lite Version: Strikes are represented as “Multipliers” ($100 / Price)
Degen Version: Price Strikes, represented in % of Start Price.
Price is what you pay, $100 is what you get (if you win)
Users can make predictions on price changes of various coins/tokens for a maturity of max 1 hour.
Strikes: At every 00m00s of the hour, 5 different strikes (101%, 100.5%, 100%, 99.5%, 99%) are generated for both BTC and ETH.
100% is the Start Price of such round, i.e. price fixing from Oracle at every hour 00m 00s.
Under or Over for each Strike: users can enter positions in either up/down for these strikes, upon their market view on the token's price movement in the short term (=less than 1 hour).
Over, if users think the price > strike at expiry
Under, if users think the price < strike at expiry
ex) Buying BTC/USD OVER +1% @ 11:05 means you think BTC/USD will rise more than 1% from 11:00~12:00
Price: Users will pay upfront $ amount (=price of the option) shown in the dashboard to enter the position.
Prices are affected by remaining time to expiry / underlying price changes / volatility etc.
ex) BTC/USD OVER +1% price @ 11:05 is $45 -> Probability priced-in that you win $100
Market Order (take the current best price): Filled orders cannot be cancelled.
Payoff: At expiry, users who still have positions will win $100 (subject to a platform fee) if the price of such coin/token;
ends higher than the Strike, for an Over position.
ends lower than the Strike, for an Under position.
In other cases, users waited until the expiry win 0.
So your PnL in the example above would be ($100 - $45 = $55, less fees)
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