About the project
Options are a financial derivative sold by an option writer to an options buyer. The contract gives the buyer the right, but not the obligation, to buy (call option) or sell (put option) the underlying asset at an agreed price for a certain period of time or at a fixed precise date. The agreed price is called the strike price. There are many types of options. An option may be exercised at any time prior to the expiry date of the option, while other options may only be exercised at the expiry date (exercise date). Exercising means using the right to buy or sell the underlying security.
It seems difficult! That's why this project is divided into two parts: the option exchange and the insurance company.
- Traders and hedge funds reach agreements on buying and selling stock options
- Other customers, who do not want to know how the option works, can buy insurance for the growth or decline of major cryptocurrencies.
CRYPTOCOIN INSURANCE allows you to ensure price reductions or growth risks for the main cryptocurrencies.
Problem: There is no solution to ensure the deposit in Bitcoin or Ethereum to fall. At the same time in this market, volatility increases, which makes people afraid of storing big funds in cryptocurrency. In addition, large companies are slow to enter the market (for example, to accept payments in a cryptocurrency) for the same reason.
Solution: The exchange will start working with 5 cryptocurrencies that have the maximum market. In addition, as demand and turnover increase, we will add more currencies. CRYPTOCOIN INSURANCE sells both growth and fall protection products Bitcoin or Ethereum. So, he covers his risk. No competition in the market can maintain a significant margin of 20%. CRYPTOCOIN INSURANCE repackages and sells / purchases its own risks as options on its own exchange.
CRYPTOCOIN INSURANCE launches world's first cryptocurrency exchange option
Problem: There is no special cryptocurrency exchange where you can buy / sell options. The main fear of creating such a stock market is increased volatility. It seems to anyone who deals with stock options, oil or wheat that the risks are huge.
Solution: The main fear of options in the cryptocurrency market is increased volatility. But is this really the case?
Take an example with the usual stock market. For example, a customer sold an option for a share of ZZZ. We are Saturday and the market is closed. There is some unexpected good news and the stock rises 2 to 10 times when the market opens on Monday. In turn, the option seller suffers huge losses.
The advantage of the cryptocurrency market, unlike the stock or commodities market, is that it operates 24 hours a day. And during the entire period of its existence (about 10 years), there has never been any news that would quickly pass the price of Bitcoin or Ethereum at least 30 to 50%. In fact, if it's just blue chips (coins), the cryptocurrency market is much safer for option sellers than other markets we've used to
Options allow short sales
Problem: There is still no short selling opportunity in the cryptocurrency market. Nobody can sell a cryptocurrency that is physically absent from the account in a short period of time. This reduces the ability of speculators to mitigate price fluctuations in other markets. In turn, it causes the increase in volatility and the consequences listed in Cl. 1 and 2 above.
Solution: Without physical Bitcoin or Ethereum, it is possible to obtain an option for their fall and to make a short sale. This opportunity brings to the market a large number of new traders, investors and speculators, as well as hedge funds that are investing not only in growth but also in falling markets.
Why now?
There are about a thousand exchanges and no exchange of options
The rapid growth of hedge fund interest in the cryptomarkets market is not being met due to the lack of options and the possibility of short selling
We have assembled a team of professionals who know everything about the options market and are ready to make some non-revolutionary but innovative changes.
The size of the market
Capitalization of the cryptocurrency market is worth hundreds of billions of dollars. The daily volume of transactions is 10 to 20 billion dollars.
The size of the options market for commodities and equities differs from one country to another and represents 1 to 5% of the core asset market. Thus, we can calculate the potential volume of the options market for core crypto-currencies at $ 50 to $ 250 million per day.
However, the calculations do not take into account the fact that the options do indeed offer the possibility of making short sales which, at present, can not be made on exchanges of cryptocurrency. This will contribute to the additional increase in vendor demand for the instrument.
monetization
CRYPTOCOIN insurance has two main sources of income
Option exchange
The profit is generated as a trading commission for each transaction on call or put options. It is 0.5% per transaction or 1% per circle for each party to the transaction.
Given the volatility of options and huge profit opportunities, this commission is not meaningful for market participants. However, this allows the exchange to earn a high income compared to the usual exchanges of cryptocurrency because of the total absence of competition. In the event of future competition, the amount of the foreign exchange commission may be reduced proportionately.
Insurance company
Income is generated by selling growth / decline insurance of cryptocurrency.
Growth potential of the CCIN token
CRYPTOCOIN INSURANCE has developed a simple and understandable model for increasing the value of the CCIN token. 30% of each commission earned through the exchange of options will be directed to the liquidity fund. Over the next month, CRYPTOCOIN INSURANCE is sending these funds to buy CCIN tokens on the market and burn them.
This business model is adopted solely for the benefit of our investors. The promise to buy chips on future profits can not be transparent. In addition, the exchange or platform can never have a physical profit. In the case of CRYPTOCOIN INSURANCE tokens, investors know exactly that each option buy / sell transaction generates the cash flow used to buy tokens.
This constantly changes the market balance and increases the demand for CCIN tokens.
If the turnover is $ 50 million a day, the commission on both sides of the transaction will be $ 500,000 or $ 15 million a month. 30% of this amount, or $ 5 million, is sent each month to purchase CCIN tokens on the market.
100,000,000
CCIN tokens will be issued
Token allocation
Allocation of funds collected
Roadmap
Team project
Here is the information that I present to you to find information and know the project CRYPTOCOIN INSURANCE currently carried out by their team, if there is an error in the explanation of this article, do not worry, I wrote to obtain accurate information. Information and of course you can talk directly with or their team, on the link.
For more information and to join CRYPTOCOIN INSURANCE click link.
Roadmap
Team project
Here is the information that I present to you to find information and know the project CRYPTOCOIN INSURANCE currently carried out by their team, if there is an error in the explanation of this article, do not worry, I wrote to obtain accurate information. Information and of course you can talk directly with or their team, on the link.
For more information and to join CRYPTOCOIN INSURANCE click link.
WEBSITE: http://ccin.io/
WHITE PAPER: http://ccin.io/doc/Whitepapereng.pdf
ANN: https://bitcointalk.org/index.php?topic=4948618
TWITTER: https://twitter.com/ccin_official
FACEBOOK: https://www.facebook.com/ccinofficial/
TELEGRAM: https://t.me/ccin_official
MEDIUM: https://medium.com/@ccin_official
Author of the article:
Bitcoinalk username : Cintashany01
Profile link : https://bitcointalk.org/index.php?action=profile;u=1661845
Facebook : https://www.facebook.com/max.bebasmardeka
Twitter : https://twitter.com/tarjoe_maximum
Telegram username : @TarjoeMaximum
ETH adress : 0x2b53a131742A8d2a03771C168267888D7ed5974f
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