Altcoins Talks - Cryptocurrency Forum
Learning & News => Tokens/Coins Offerings (ICO, IEO, etc.) => Announcements [ANN] => Crypto Reviews => Topic started by: cryptops.exchange on October 09, 2022, 12:28:16 AM
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ICO Name: Cryptops
ICO Coin Type: Layer 1 native utility coin
ICO Sale Method: Direct BTC to COE layer 1 bridge
ICO Accepted Currencies: BTC
ICO Coin Price: 0.000005 to 0.0000549 BTC
ICO Amount: 41,500,000 COE
ICO sale begins September 28th, 2022.
ICO sale ends when public BTC options are launched.
ICO Purchase Location: cryptops.exchange/buy_coe/
Coin Symbol: COE
Coin Platform: Direct access layer 1 utility coin
Coin Total Quantity: 1,041,500,000 COE
Coin APY: 1%
Website: cryptops.exchange
Cryptops Description
Cryptops is a self custody direct access blockchain that will be providing a publicly accessible crypto currency options derivatives market. What makes Cryptops different from all the other currently available distributed crypto currency options markets is that Cryptops uses a direct access orderbook on its own customized layer 1 blockchain.
The other current on chain crypto currency options markets today use complex and expensive smart contracts with off chain orderbooks that they call hybrid platforms to implement their functionality. This can present a barrier to those who lack the technical understanding needed to use the smart contracts and it does not allow for a means to verify fair option pricing using the immutable blockchain data. Cryptops will simplify this by using an improved pure blockchain method that permits users to place their orders directly to the on blockchain orderbook without the need for any smart contracts and off chain orderbooks.
Another difference is that the Cryptops blockchain is powered by its own native COE utility coin without the need of a third party smart contract platform. The COE utility coin is used to collect the option premiums that are charged on the blockchain platform. The premiums are collected into a fee pool that is equally redistributed to all qualifying COE holders on a weekly basis. In the other smart contract based solutions the transaction fees are given to miners.
Cryptops is a fork of Stellar with some significant changes made to the source code that include transaction fee redistribution plus a 1% interest paid weekly, a much smaller total quantity of 1 billion total coins along with other changes.
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I am a bit late to see this ICO !
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I am a bit late to see this ICO !
The ICO started just a few weeks ago, still plenty of time.