Introduction to BinaryX

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BinaryX Is A Decentralized Derivatives Contract Based On Binance Smart Chain And Ethereum. Users Can Trade Binary Options Conveniently Via BinaryX, Which Adopts An Improved Automated Market Maker (AMM) Model.

Participants May Become Automated Market Makers (AMM) For BinaryX Options Contracts By Locking Their Assets. Such A Mechanism Allows Them To Sell Binary Options To Other Users. The Market Makers Provide Liquidity And Help Maintain A Balanced Rate Of Return Among Different Users (Option Sellers, Call Option Buyers, And Put Option Buyers).

Initially, BinaryX Instruments Will Be Based On Blockchain Asset Prices BinaryX Will Establish Community Voting And Community Governance Procedures To Solve The Issue Of Pricing And Exercising Determination. Either Option Buyers Or AMM Can Obtain BinaryX Network Tokens (BNX). Users That Hold And Lock Up Their BNX Tokens Earn Dividends From BinaryX Network Profits. However, Holding BNX Is Not A Must-Have For Trading Binary Options.

How It Works

BinaryX Pairs Binary Option Contracts For Blockchain Assets And Then Achieves Asset Prices From The Oracle And DEX As The Benchmark For Exercising Options. When The User Buys Binary Options, BinaryX Evaluates Purchasing Prices And Strikes At Expirations According To Contract Types. Valid Options Holders Would Receive Proceeds, Otherwise, Contracts Would Be Removed.

Trading

To Buy Options, Users Must First Transfer The Denominated Currency (Such As ETH, BNB, BUSD, USDT, Etc.) To A Predetermined Address. The Block At Which The Transaction Is Confirmed Will Determine The Starting Time Of The Contract. At The Expiration Date, Users’ PnL Will Be Determined According To Market Price Fluctuations.

Automated Market Maker

A User Becomes AMM By Locking Denominated Currencies. By Providing Liquidity, AMMs Automatically Become Trading Counterparties Of Option Buyers. Earnings Generated By AMMs Would Be Regarded As Profits Of BinaryX Network. And The Corresponding AMM Users Will Be Rewarded With Equivalent Amounts Of BNX Tokens (Equivalent To 50% Of The Total Profit). If AMMs Suffer Losses, They Will Be Compensated With The Corresponding Amount In BNX Tokens (Equivalent To 50% Of The Total Loss).

Lockup And Dividend

When A User’s BNX Tokens Are Locked Up, The User Will Collect Dividends From BinaryX Network Profits. Dividends Will Be Determined By Real-Time Earnings Of BinaryX Network And The Quantity Of Tokens Locked.

Why BinaryX？

Our System Will Present A Concise And Smooth Solution For Binary Options And An Exciting Experience For The Trading Process.