Oction ($OCTION) — A Decentralized Options Trading Platform Powered by the Binance Smart Chain
Snapshot #1: Monday, April 5–5 AM UTC
Snapshot #2: Friday, April 9–5 AM UTC
Public Sale Token Price: 0.11 BUSD
Allocation Round Open: Friday, April 9–8 AM UTC
Public Sale (FCFS) Round Open: Friday, April 9–1 PM UTC
Pancakeswap Listing Date/Time: Friday, April 9–4 PM UTC
Maximum Token Supply: 100,000,000 $OCTION
Tokens Available in BSCPAD Public Sale: 3,600,000 $OCTION ($396,000)
Circulating Supply at Listing: 4,980,000
Market Capitalization at Listing: $547,800 USD
Public Sale Vesting Schedule: 50% upon exchange listing, 25% per month thereafter
KYC Required: Yes, read full details about the KYC process here https://bscpad.medium.com/bscpad-kyc-process-16e6a5557138
OCTION Restricted Region List: Purchaser is not a citizen or resident of Botswana, Cambodia, Central African Republic, Democratic People’s Republic of Korea, Republic of Seychelles, Ethiopia, Ghana, Iran, Iraq, Libya, Somalia, South Sudan, Sri Lanka, Syria, Sudan, Thailand, Trinidad and Tobago, Tunisia, Venezuela, Yemen, and the United States of America (herein “Prohibited Jurisdictions”)
About the project:
OCTION is a decentralized options trading platform powered by the Binance Smart Chain. BNB/USD options will be available from launch, with BTC, ETH, and traditional assets like Gold (XAU) and Silver (XAG) added afterwards.
The platform demonstrates clear advantages over its competitors, by offering the deepest feature set while providing the most security and value for its users. Oction offers both European and American style options, while their competitors typically offer one or the other. Ethereum based competitors are hampered by the slow and expensive transactions, while BSC competitors have smaller and less experienced teams and only offer European style options. Oction has been thoughtfully designed from the ground up to benefit every type of user:
Option Traders Benefit From:
- Low fees and fast transaction speeds due to the power of Binance Smart Chain
- Superior liquidity and choice of options due to the AMM design of the engine
- The ability to expire options early through the “OCTION Positional Shield” system, receiving a refund on a portion of their premiums
- The ability to trade BNB/USD options, a market current unavailable elsewhere
Option Writers Benefit From:
- The convenience of a single asset stable liquidity pool — $bDAI / $bUSD
- A built in insurance mechanism that protects the funding pool
- Freedom from managing sitting limit orders, as all orders are taken up against the entire liquidity pool
$OCTION Holders Benefit From:
- The ability to participate in the governance of the platform
- Earning a portion of the settlement fees generated from the platform
- Discounts on trading premiums
- Peace of mind, knowing that the OCTION platform is run by a professional team with extensive experience and an all-star team of partners and advisors
Discord: https://discord.gg/PDBr2r6mxa
Twitter: https://twitter.com/octionofficial
Reddit: https://www.reddit.com/user/octiontheoctopus
Linkedin: https://www.linkedin.com/company/oction-oct
Medium: https://medium.com/@octionoct
Oction NFT Marketplace: https://opensea.io/collection/oction-collectibles
Website: https://oction.io/
Whitepaper: https://www.oction.io/assets/images/OCTION%20Whitepaper_Final.pdf
Why We Chose Oction:
In legacy markets, options are one of the main vehicles for trading. Experienced traders, asset managers and funds commonly use options as a tool for hedging and speculation. Due to a variety of factors, crypto markets have been slow to adopt options trading. We see this as an opportunity — as crypto options become more prevalent, this market segment will see explosive growth.
OCTION’s whitepaper demonstrates a thorough understanding of the options market, while describing in detail how their platform will function efficiently. The team has clearly defined tokenomics, a detailed roadmap, and a rock solid team of developers and advisors. We believe that OCTION has the right combination of use case, capability and professionalism to deliver a widely adopted platform.
Whitelist Requirements for Bronze and Silver Members:
1. Join the #OCTION Telegram: https://t.me/octionofficial
2. Follow #OCTION on Twitter: https://twitter.com/octionofficial
3. Follow #BSCPAD on Twitter: https://twitter.com/BSCPad
4. Create a tweet on your twitter account with #BSCPAD & #OCTION hashtags and share the link in the whitelist.
5. Follow the steps inside the white list form: https://bscpad.wufoo.com/forms/mpweflw1tyq3gs/
Inside the form:
1. Add your #BSC compatible wallet address
2. Provide your telegram handle
3. Copy paste the link to your tweet with #BSCPAD & #OCTION tags in it. (Create the tweet on your own twitter account, don’t comment on one of our posts)
Stay connected to our official outlets for the latest on all of our launchpad offerings!
Web: https://bscpad.com/
Telegram: https://t.me/bscpad
Twitter: https://twitter.com/bscpad
Restricted Region List: Purchaser is not a citizen or resident of Botswana, Cambodia, Central African Republic, Democratic People’s Republic of Korea, Republic of Seychelles, Ethiopia, Ghana, Iran, Iraq, Libya, Somalia, South Sudan, Sri Lanka, Syria, Sudan, Thailand, Trinidad and Tobago, Tunisia, Venezuela, Yemen, and the United States of America (herein “Prohibited Jurisdictions”)
