Introduction
Our platform is the first implementation of ‘American options’ on any cryptocurrency’s blockchain. This option style bestows upon its traders the necessary flexibility to hedge positions in a nascent volatile market such as Ethereum’s. We make use of a hybrid exchange model, where orders are resolved onchain, but order creation and dispersion is done completely offchain. It is completely non-custodial with no restrictions imposed upon deposits or withdrawals.
OPT Token and Utility
OPT is the native token of the ethopt.io ecosystem. Holders of this token will be conferred benefits such as staking it in a dedicated contract which will permit them to receive dividends from fees accrued on the ethopt.io platform.
Moreover, orders will be stored as keccak256 hashes off chain in a database, holders of OPT tokens will have direct access to the ethopt.io API, so will have primary access to arbitrage opportunities and inefficiencies in general.
Staking Fees:
- 0.5% entry fee/0.5% exit fee.
- The 0.5% entry fee is burnt, allowing for a gradual deflation/decrease in total supply over time.
- The 0.5% exit fee is distributed between the remaining active stakers, allowing for a gradual growth in the positions of long term stakers.
Staking Profit Distribution:
- 70% of ethopt.io profits are shared with stakers.
- 20% is used to purchase OPT directly from the OPT/ETH pair on UniSwap and routinely burning these purchased tokens.
- 10% is taken as platform fee.
OPT Tokenomics
OPT has a max supply of 2500000 tokens.
Token Sale Breakdown
2 Stages
- 11th-14th November (9AM PST, 12PM EST)
Pre-sale:
350 ETH
350000 OPT
1 eth = 1000 OPT - 16th-19th November (10AM PST, 1PM EST)
Public-sale(Bounce):
1000 ETH
900000 OPT
1 eth = 900 OPT
Un-sold OPT are all burnt
Hardcap 1350 eth
Links
Website https://ethopt.io/
Telegram https://t.me/ethopt
Twitter https://twitter.com/ethoptio
GitHub https://github.com/hdizzle83/ethopt.io
Whitepaper https://ethopt.io/assets/whitepaper.pdf
