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”)

--

--

--

https://bscpad.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

BiFarms

Here’s How To Use The UPI App…

FAIRUM VENTURES X TOREKKO : Strategic Partners

Protocol Owned Liquidity

Community Spotlight — March 2019 Edition

Why my Startup is the Future of your Money

Get in on the ground floor with iHub Global to earn passive cryptocurrency.

Do We Need “The Bill Of Innovations”?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BSCpad

BSCpad

https://bscpad.com

More from Medium

El Salvador to discuss Bitcoin Adoption with 44 Countries

YIELD FARMING: HOW…?

Import Private Keys between Wallets 💰

DeepBrain Chain Progress Report #111 05.16–05.31(2022)