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ICO DYMMAX

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3.44 (1 ICO reviews)

DYMMAX ICO Listed:

2020-11-01
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DYMMAX ICO

ICO DYMMAX Description:

ICO Description

DYMMAX (Dynamic market making auctions and exchange) is a decentralized protocol for issuing options for cryptocurrencies based on the parimutuel betting with fixed odds pricing model with possible secondary circulation of issued contracts in the form of ERC20 tokens. Dymmax is based on a well-studied parimutuel model, allowing to issue options without a sellers.

 

Buyers of various option types (PUT, CALL, IRONFLY) form a joint bank, which is guaranteed to be sufficient for expiration payments. The price of every option type is calculated off-chain when all bets are done for maximum auction efficiency. All matched orders are tokenized in the form of ERC-20 tokens, providing a way for the secondary market. New at-the-money optionsсобе with the same expiration day are issued every day, supplementing existing supply and increasing liquidity

⭐ DYMMAX ICO details:

DYMMAX ICO ICO Details

DYMMAX ICO Start: 11 20 2020

DYMMAX ICO End: 11 30 2020

DYMMAX Symbol: DMX

DYMMAX Platform: Probit launchpad

DYMMAX Offering Type: IEO

ICO Rating

Idea
3.00
ICO Team
4.00
ICO Advisors
3.00
Whitepaper
4.00
ICO Website
4.00
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