A decentralized platform for cryptocurrency derivatives based on parimutuel betting
Cryptocurrency, Investment, Platform
Today there is no way to short Bitcoin or any other crypto-currency. The APO
platform provides a platform for buying options on crypto-currencies, both long
and short! The fact is that cryptocurrencies do not correlate with one other and
are not tied to fiat money.
Therefore, it is impossible to make a tool for selling short similar to what currently exists on the market. Every attempt to create options and futures for crypto-currencies on centralized exchanges led to high collateral for futures (80-100% of the price of the crypto-currency itself), or very high premiums for options which render these instruments impractical. The root cause of these problems is the fact that sellers (those who write options) cannot hedge their risk.
Theoretical development of the idea
Development of a platform for attracting investments
First phase of ICO
Development of an auction platform
Beginning of Beta Testing
Release of the system
Improvement and optimization. Development of a system for trading, in part, of options and sale of designer options
Beginning of Beta testing Option Marketplace
Release of option marketplace