Sabtu, 31 Maret 2018

Safein

Safein - Secure Solution for Your Payments with Single-On Digital Identity.


Safein will be the first payment service provider in the world to include the necessary documents so they can obtain EI Electronic Funds (EI) licenses covering the payment of crypto and fiat. Our main target is to eliminate useless registrations and KYC checks by allowing our users to do it just once on our platform and then using that data whenever you use online services. With live MVP you can try, users simply visit the Safein website, register, download the app, and try it. Good product, by outstanding company.

 ABOUT SAFEIN
Safein is a single-on platfrom and onlne payment wallet, an account on safefire platform that can be used on various websites to shop online, this provides convenience to us without having to register again on other web. safein is a revolution in how to pay, register and access our own identity authentication. Safein gives us full access to our own data controls, we can log in anonymously and share the necessary data only by the website but we can permanently revoke our access to other web pages with a single click.
All the details of the transactions we do are completely stored in the Safein panel safely, in other words Safein is a revolutionary solution that puts the ease and safety of its users in online shopping. System safein gives us easy in transactions, once we registered in Safein we do not need to provide additional information every payment process, the assets we have existing in the platfrom be it in the form of fiat money or any digital currency will be automatically encrypted by safein in the payment process each of our transactions by using the preferred way by the merchant associated with relatively low cost.


 HOW DOES SAFEIN WORK?

Pay with Fiat or Crypto

Once you’re logged in with Safein, you can make payments without providing any extra information. You can store your money in traditional currencies – fiat currencies – or any cryptocurrency. Safein will automatically convert and deliver funds in the merchant’s preferred way. Every payment is processed within the boundaries of Safein, making them instant, secure, and cheap.


Control your Data
Safein lets you control your data, which means you always know what websites know about you. You can login online anonymously or only share data that the website really needs. You don’t have to go through a complex login process and enter the same data every time you sign up for a new online service. Plus, you can revoke data access permanently with a single click.


Easy Dashboard

Safein has a web panel where users can control their access privileges. You access the panel through a mobile app or web browser. Through this panel, you can view your entire activity history, including registrations, logins, and payments.
Get Access to Websites with a Single Click:
Safein allows users to sign up and login to new websites with one click. You can avoid tedious registrations and passwords. After you approve (with a single click), Safein will deliver your data to new websites on your behalf.


 WHAT PROBLEMS DOES SAFEIN SEEK TO SOLVE?
  • Safein seeks to solve a number of major problems with today’s online services-including particularly e-commerce platforms. Some of the identified problems include:
  • Separate accounts are needed for each website
  • You need to repeatedly verify your account
  • You pay high processing fees and transaction fees
  • There’s the risk of fraud and chargebacks
  • Excessive personal data mining is an issue, and you don’t always know what a company does with your data after signing up for an account online
 SOLUTION
  1. Combining The Best of Two Worlds
Development team has put there effort on create a single sign-on and payment solution that can be used universally on all websites. By that system you eradicate the traditional way of creating new accounts on numerous websites we shop on, and we will enable the world to adopt Identity
  1. Safein Architecture

Safein will allow users to store their identity, as well as crypto and fiat currencies in accounts opened on our platform. Safein will go into various business areas where combination of possessing all of the above gives benefit to its users online and offline. The main priority of Safein is to eliminate redundant registrations and KYC procedures.

  1. Digital Wallet and Transparent Payment
  • Get access to websites with a single click
Safein allows users to sign up and log in to new websites with one click. Forget tedious registrations and lost passwords. With your approval, we’ll deliver your data to new websites for you.
  • Control your data
With Safein, you’re always in control of what websites know about you. You can login online anonymously, or only share data the website really needs. A single click will revoke their access permanently. On our web panel and mobile app, you’ll see your entire activity history, including registrations, logins and payments.
  • Pay with fiat or crypto with zero efforts
Once logged in with Safein, you’re also able to make payments without providing any extra information. Store your money in traditional currency or any crypto, and Safein will automatically convert and deliver funds in the merchant’s preferred way. Since every payment processed is within the boundaries of Safein, they’re instantaneous, secure and cheap.
  1. Single Sign On
Before integrating Safein, a merchant will have to choose what user data is essential and must be acquired, and what data is optional and could be omitted. Our team will monitor this process and advise merchants on whether their choices on data to be collected complies with applicable data protection regimes. Moreover, the user will be able to choose whether to pass or decline passing optional data to the merchant. Safein will try to grow a generation of users who value their personal data and do not share it with everybody by default. The same applies to merchants, as we will try to do what we can, without losing our competitive advantages, to limit merchant requests for data and convince them to accept anonymous users where possible.
  1. User Data Protection
Safein’s architecture is built in a way that solves most of these problems automatically. First, as required by recent developments in the EU, our users will always be presented with a full and clear information on what personal data is being passed on to relevant websites. No such transfer shall take place without clear consent of the user. Moreover, once the user agrees to give her specific data to a merchant on the first login, the merchant will be able to access this data on our platform anytime before this relationship is terminated by the user. Accordingly, such merchant will have little reasons to store this information on his own server and thus be able to significantly decrease his and his user’s exposure to hacking operations and data theft (as well as save some expenditure related to counter measures to such threats).
  1. Multi factor authentication mechanisme and Digital Management
Security must be a primary focus while managing your identity and wallet online. Safein will have a multi-factor authentication mechanism implemented from the very beginning. While integrating Safein, each merchant will be able to choose a minimum security level that he requires from its users.
  1. KYC Procedure Engine
Safein team is currently in talks with the world’s leading automated ID verification service provider to provide exceptionally accurate results using its AI powered document checking algorithm. Such checks, where users will only need to scan their IDs with their cameras and take selfies, will be sufficient for most uses. Some advanced verifications, where users need to comply with very specific regulations (for example, some cryptocurrency exchanges), will be done manually by the Safein team. It could take up to few minutes, but compared to current waiting periods of weeks for some exchanges, it is still a radical improvement, especially keeping in mind that users will only need to do it once.
  1. Buyer protection mechanism
Crypto payments without buyer protection mechanisms rob customers of a money back guarantee in case of failure to deliver. Hence, Safein will provide a buyer protection mechanism for crypto payments in its platform. The mechanism shall only be initiated if the goods are not duly received by the buyer or if they are not as described. Safein will provide all the tools to the buyers to protect their accounts, hence, merchants will be able to feel safe as there will be no chargebacks or fraud cases. If buyers and sellers are not able to resolve disputes themselves, a well-trained Safein support team will intervene and resolve the outcome of these disputes.
  1. MVP
The Safein MVP now allows users to create an account on the Safein platform and connect it to a mobile device. Safein is currently integrated in a demo website where users can login with Safein without registering, adjust their security levels for different websites, track their login activity from their mobile devices and close active login sessions at any time. This website can be found at: https://curonian.com/ Additional features are coming soon.

 SAFEIN BENEFITS AND APPLICATION
Benefits Of Safein
  • We believe that our services will be desirable by both merchants and users. By employing our services, users would benefit by from:
  • Being able to skip multiple time-consuming registration,s and gain access to any services immediately with no delays for identity verification or transfer of deposits;
  • The end of management and recovery of numerous user accounts with different passwords;
  • Ability to buy from a merchant offering the best prices or products rather than from the one user already has a verified account with;
  • Convenient one-stop shop for both, easy online access and payments;
  • Full and clear disclosure of what customer data is being passed on to websites;
  • Increased cybersecurity of their personal data;
  • Comfort that the company collecting their personal data (i.e. Safein) is trustworthy and will be able to protect it;
  • Significantly lower transaction fees as well as an ultra-convenient way to make payments in both fiat and cryptocurrencies;
  • Increased anonymity, and protection from unwelcomed data mining and spamming activities;
  • Ability to instruct chosen networks to cease collection of respective user’s data as well as delete the data collected on the user;
  • Cashback as well as further rewards for loyalty and use of our services.
 Application And Possible Markets
  • Crypto exchanges and other ICO;
  • Digital goods markets where fraud and chargeback rates are extremely high;
  • eShops, benefiting from extremely low payment fees, access to crypto payments and verified users;
  • Online financial or legal gambling service providers (which could easily use our platform to verify user’s age and applicable legal regime as well as accept payments from the user with no further registration process);
  • Car-sharing and other rent service providers;
  • Investment and trading platforms;
  • Social networks;
  • Regional polls (utilizing our ability to give access to users from certain jurisdictions only);
  • Smart contracts (users could feed their data directly into smart-contracts by using our databases);
  • E-signature and merchants in need of immediate verification of the data presented to them in person (our users would be able to prove credibility of their claims by supporting such claims with verified data on our website);
  • Brick and mortar retail shops of at later project stages.

 POSSIBLE SCALE


 ICO

ICO will be run on a smart contract and tokens will be distributed right after the ICO ends.
Should any part of the tokens allocated to ICO not be distributed during the ICO, such tokens will be returned to the company and added to its reserve for further development. In case of failure to reach Soft cap, all contributions will be returned to their original owners.


N.B.: all values indicated in ETH in this chapter are subject to change before the start of the ICO in case of large fluctuations in market price of ETH.

The Safein ICO will be distributing 10% of the total token supply to cover the below costs:
  • Further development of our product;
  • Crypto payments functionality;
  • Smart Contracts for Login Pool;
  • Safein payment solution with internal transaction processing system;
  • Acquiring EMI licence; Onboarding at least 500 merchants;
  • ICO expenses and marketing.

 TOKEN MODEL
The idea of having a single account for everything you do online is simply brilliant, but it requires a large scale. Developing Safein is the same as trying to solve the chicken and egg problem - you need a lot of users to attract merchants, and vice versa. Without merchants you can not acquire new users. Safein will leverage its tokens to grow its user base and acquire merchants. Use of the Safein platform will reward both users and merchants for using innovative payments and identity management solutions created by our team.

 TOKEN DISTRIBUTION


 ICO FUND ALLOCATION

  • Develop cardiard kripto wallet and payment function
  • Obtain an Electronic Money Institute license
  • Launched fiat deposits and trader payments in EUR, GBP, USD
  • Obtains the first 500 medium to large traders
  • 2 years of administrative, operational and personnel expenditure

 TOKEN VALUE AND FURTHER DEVELOPMENT
In the short term it is expected that token value will grow due to the growing user base and expanding list of partnering merchants. Users will be incentivized to use SFN tokens for their payments due to cashback bonus, merchants will be buying SFN to receive commission free payments. Due to merchants holding the tokens and users buying them to receive the cashback bonus, demand will be going up, supply will be going down and token price should therefore go up. Section 4.2 goes into more details on how beneficial it is for the merchants to save on commission by possessing SFN tokens. N.B.: Since the company shall be working in an extremely fast changing environment and is still under rapid development itself, some features envisioned for the company’s token model, commision size, Referral Program as well as the Registration and Login Pools might become redundant or subject to change in the future. Accordingly, the company reserves the right to change and revise these features, bonuses and incentivization programs as such need materialises and is recognized as such by the management of the company.

 Roadmap



 For more information please visit the link below:

 Author

Jumat, 30 Maret 2018

Morpheus

Morpheus Labs , Powerful Inclusive Full Stack Blockchain-Platform-As-a-Service for Enterprises.

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https://token.morpheuslabs.io/

The use of blocking technology gives impetus to the development of many promising projects.
Many industries have recently begun experiments with block chain chains, growing investments in projects that develop and implement technology.
But investments often do not justify themselves, good aspirations do not pass the test of time,
the teams of the project developers do not have enough experience, there are not enough flexible tools to bring their ideas to practical application. The technology of blocking is a very young environment for its quick application, and is not yet universal. It takes years of improvement and testing in practical laboratories.

New ideas to fully become a successful implementation must go through all stages of development, as it has always been in our evolution. Therefore, most promising new projects do not develop consistently, jumping over rigorous laboratory testing, strive to immediately become a commercial product, but they can not stand and collapse.

One of the reasons is still an expensive process of testing and testing, plus often quite long in time.
To solve these problems and the team of the project Morpheus Labs undertook  .
The main goal of the project is to create a universal application development platform, with an already ready environment of tested tools within the platform.
According to the idea of ​​the project Morpheus Labs, a new laboratory environment will help many young companies, start developing applications for their projects quickly and inexpensively.
In fact, the project itself Morpheus Labs - this is the laboratory for development, has a built-in system of application of many programming languages, integrated environments for joint development, a work area, many pre-tested, ready-made blocks for use.
Already today, at the end of February 2018, at the beginning of sales to investors of its tokens for a future laboratory, Morpheus Labs announced the enormous popularity of its project. Obtained at the initial stage is more than 6200 Ethereum, or more than six million dollars.
The team from Singapore said that there were written applications for token purchases, more than 30 million US dollars from various investors around the world.
The success of the project will be huge, especially when it will be reported to all possible representatives of the crypto community. 
 
To add information can also see this video
 

Details of the structure of the project  Morpheus Labs

Advantages of the project: 

➥ Ready solution Preconfigured 
, ready for use in the laboratory mechanisms,
blocks Universal conditions for testing and testing on the platform have been created. 

➥  Availability 
The project team has developed simple and affordable tools for working and testing new projects based on the technology blockbuster. 

➥  Reliability 
The project was created even earlier by the SGInnovate team, staffed by the most talented specialists with vast experience in developing and implementing complex projects 

➥  Security and scalability. 
All assets and support are created in the cloud, which allows you to change and transfer applications whenever and wherever, in a safe, reliable and universal state. 

➥  Cost-effectiveness

The team focused on the quality of the products and services of the project. 
They are focused on providing the greatest benefit to customers, without any hidden costs. 

Platform architecture:
 
Platform components:
1) Presentation Layer platform with components:
Admin Console Platform
Remote control unit block circuit
Developer's workspace Blockchain
Executive Toolbar
 
 
2) The DevOps tool
The platform provides DevOps tools to quickly create traditional applications based on flowcharts, services and layout formats for 
rapid prototyping.
 
 
3) Platform support systems with components:
Managing a User Account
Identity Management Platform
Configuration Management
 
 
4) Intermediate layer level Blockchain with components:
Runtime Protocol
Blockchain block hubs and gateway adapters
Cryptographic and security services
API Management Services
Application Services
 
5) Service level of infrastructure with components:
Container infrastructure for dockers
Virtual Machine Infrastructure
 
6) Platform management level with components:
Catalog management
Monitoring the monitoring of locks
Managing Blockchain permissions
Network registry Lockchain
Block chain management
 
 
7) Managing metering and subscriptions
Metering Administration provides a set of administrations for collecting usage data and measuring the use of the platform for records. In addition, it provides support for the characterization of membership, which is being prepared for platform administration.
 
ICO, sale of tokens
 
Name of the token:  MiT  (Morpheus Infrastructure Token)
Total number of tokens: 1 billion
Will be sold: 250 Million (25%)
Price of the tokens: 1 ETH = 8000 MiT
Hardcase: $ 25M (31250 ETH)
10% of the company's annual profit will go to buy tokens.
 
 
Using the token
The Morpheus Labs platform tokens will be used to pay for the services provided, 
and to pay for the products. In addition, a system of fees for subscribing to the platform and for obtaining licenses will be created.
The project team plans to zalistit token  MiT  on the major stock exchanges, which will give a strong impetus to the continuation of the spread around the platform world.
 
 
Above is a plan for selling tokens. If you enter the project early, before March 24,
you can get a bonus in the number of tokens you receive.
The end of the sale of tokens is scheduled for April 15, but judging by the speed of investing in the project, and the amount of pre-orders, the sale will end much earlier.
 
Roadmap of the project, the way of development
 
Made in 2017:
Initial investment received
The Government Polytechnic Institute in Singapore, during the discussion
signed a memorandum of understanding with Proline Integrated Intelligence 
(one of the largest system integrators) for intellectual projects in Turkey 
(the first project is the airport)
A proposal for distribution in Japan, Malaysia and Dubai has been received.
 
Forthcoming in 2018
Selling tokens
Testing with Y3 platform technology
The official partnering campaign for sales in Asia
The launch of a blockade laboratory in Southeast Asia in all well-known and recognized innovative laboratories, accelerators, joint workstations, colleges and universities
The Futurechunch Blockchain lab will begin to move through the rest of Asia and the UAE in innovative laboratories, institutes, colleges and universities. 
Sales start in Asia and the UAE.
 
Team
 
Members
 
Chuang Pei-Han - Information System B. (University of Melbourne, Australia); Finance Tech (Massachusetts Institute of Technology). 
Branson Lee - B.Comp Eng (Nanyang Technology University, Singapore); Finance Tech (Massachusetts Institute of Technology) 
Dorel D. Burcea - B. Physics (University of Bucharest). MBA (University of Liverpool). Member of the Institute of International Finance 
Bruce Lu Yang - B.Applied Mathematics (Tianjin University), EMBA (Rutgers Business School), Finance Tech (Massachusetts Institute of Technology) 
Xiao Lei - MA in ICMA at Reading University in 2006 
Eddy Low - B .Multimedia Design (The Malaysian Academy) 
Edward Loke - B.Info System Tech & Design (Singapore University of Technology and Design, Singapore)
Eric Xu Cong - B.Info System (National University of Singapore, Singapore) 
Clara Zhou - University of Foreign Languages ​​of Zhejiang Yuexiu 
Hanna Bae - M. Professional Accounting, Brisbane, Queensland University of Technology; B.Comms., Public Relations, Melbourne, RMIT University
 
advisor
 
Liu Siyu - President Professor of High Finance (Nanjing University: EMBA); Master Conference (University of Economics and Business of the Capital and Chinese University of Political Science and Law) 
Teacher. Simon Choi - B.Law (Peking University); Mst.Law (University of London); CPEC and PCLL (University of Hong Kong); Associate Lecturer (Curtin University, Nottingham Trent University, Hong Kong Polytechnic University); founding partner of Acme Ardent 
Dr. Rex Yeap - Mst. Science (Distinc - University of Leeds). DBA (University of South Australia). Partner, Invention Capital. Vice President, BANSEA 
Lok Choon Hong - Mst of Law (University of Cambridge). E / MBA (INSEAD & Tsinghua), Founding President: Association of Entrepreneurs and Organizations of Intellectual Property (AIPO)
Dr. Allen Yeo - PhD.Mech Eng (University of Glasgow). MBA Scholar (University of Buffalo) .Cherrier (Committee of Vice-Chancellors and Directors). Associate Professor (Hon. & Deputy National University of Singapore) 
Dr. Lee 李洛傑 - MBA & PhD (Psychology) (University of California); Founder / President (Excitron Partners / Excitron Inc) 
George Han - B. Econ and Political Science (National University of Singapore) MBA - Investment (Hull Business School) 
Jared Polites - B.BA (University of Texas, Austin); M. Finance (Sciences Po, Paris) 
Dr. De-Wai (David) Chou - Ph.D. Finance (LeBow School of Business - Drexel University) Finance Tech (Massachusetts Institute of Technology)
Dr. Yeo Yong-Kee - PHD.Electrical & Comp Eng (Georgia Institute of Technology). National Science Fellowship, 8 patents and more than 50 published research articles.
 
For more information, please click the following link:

Author

Kamis, 29 Maret 2018

Betex

BETEX - Bringing Clear Transparency to All Financial Markets.

https://betexlab.com/

what is Betex ?
Betex is a new generation platform that successfully leads to blockchain as a base, so any transaction that occurs will be more secure and will also have a good level of transparency, this will make our users feel more comfortable.

Mission
BETEX is on a mission to bring clear-cut transparency to all financial markets and, that can conclusively eliminate the issue of trust.
First and foremost, though, we strive to reinvent binary options through instilling incorruptible business logic into everybody‘s value system. 


BETEX ECOSYSTEM
Basically, you can access and interact with Betex ecosystem, being a:
▸ Trader
▸ Investor
▸ Broker
As the diagram below shows, all elements of the ecosystem are interconnected with Ethereum blockchain and smart contracts, which, in this case, play a role of backend. This form of organization provides many advantages but has one major drawback — the limited scalability. 

Screenshot_3

Betex for Traders (Bettors)

Users can access and interact with Betex via:
▸ Web-based interface — ready;
▸ Mobile applications — in development;
▸ Desktop applications — in development;
Here‘s how our web-based user interface looks like (night mode is available too):

Screenshot_4

The interaction process is as follows:
A trader selects one of the trading pairs (Assets), then selects one of the six trading intervals (Time), then decides on the amount to bet (Amount), and, finally, chooses a direction, in which the price will move, in his opinion (Call or Put ).
As soon as the outcome is known, tokens of those traders, who happen to be mistaken, are distributed among traders, whose assumptions happen to be accurate. Yet, first, a fee of 5% of the total amount of bets placed is being charged for our services. Elements of user interface, key functions, processes and principles of work, including examples.

Betex for investors
Investors can interact with the platform through their personal dashboard where both platform‘s general and investor's personal statistics will be stored.
After the main BETEX Token Sale (01.03.2018-31.03.2018) BETEX token holders will be receiving their share of the platform's profit made on commission (see section 7.3 for details). Number of tokens they own will directly define their share of the aggregate amount of distribution made to token holders.

Betex for Brokers
In the first quarter of 2018, brokers will be offered a ready-to-use solution allowing engaging with the platform by a known White Label principal. In other words, it will be possible to quickly implement all the mechanisms and systems of our platform with a broker‘s own domain and user base. Also, Betex Lab Limited, as a developer of the platform, will provide consultations and technical support.

BETEX TOKEN MECHANISM
There are 2 tokens in the system: BETEX and SBT.

Stable Betting Token (SBT)
SBT (Stable Betting Token) is a token with a stable value of $1.00. This token is used for betting in the system, payments to winners and brokers. All operations are fixed in the Ethereum blockchain. The SBT tokens are issued automatically by the smart contract with each exchange request. With the reverse exchange, tokens are burned. Thus, the number of SBT tokens at each point of time reflects the current amount of funds in the system.

Betex Token
BETEX is the main token in the system. 50% of the platform‘s commission income is distributed among BETEX token holders in ETH. BETEX is issued once in the amount of 10,000,000 tokens. After that, its quantity remains constant.
Two pre-sale rounds of BETEX token sale under the SAFT (Simple Agreement for Future Tokens) are successfully completed.
The profit received between the launch of the platform and the actual distribution of BETEX tokens, will be accumulated on the public Ethereum address and will be distributed among BETEX token holders during 2 weeks or less, after the distribution event is over. Distribution of BETEX tokens is planned to take place in April of 2018.

BETEX PLATFORM

Business model
Betex is an innovative peer-to-peer platform for financial derivatives trading, using Ethereum smart contracts. Binary options will serve as the primary derivatives to begin with. Later on, other more complex instruments will be integrated.

Platform Scalability
The Betex platform was originally designed in such a way that the increase in the number of trading pairs, users, brokers and transactions, the speed and quality of the platform is not affected. This applies to both the hardware and network infrastructure, as well as the architecture of software components.
At the moment, considering the average load of the Ethereum network at the level of 50%-60% and the average gas volume necessary for the platform operation, the maximum amount of transactions per day without increasing the Ethereum network capacity is about 100,000. 

We have several possible solutions for the platform‘s scalability:
▸ Upgrade of the Ethereum network that will allow the capacity increase;
▸ Transition to an alternative block system if it also offers smart contracts or similar solutions that will allow the business logic of the platform to be implemented at a higher rate and/or at a lower cost;
▸ Transition to our own specialized blockchain that will be able to provide the platform with a level of transparency and reliability not lower than the current one and at the same time it will be sharpened directly to the needs of the platform.

The fulfillment of the first two conditions does not depend on us in any way. Our team monitors the situation in terms of significant changes. As for the latest point, work is being done in this direction. At the moment, we are at the initial stage. The results should appear in the second half of 2018. All issues should be resolved within a year.

INTERFACE ELEMENTS OVERVIEW
1 - Header - In this block, you see the available balance of ETHEREUM and SBT tokens that you can use for bets. Also, here is a link to the profile, by clicking on which you can make a token exchange and see statistics on referrals.
2 - Assets - This block contains a list of available trading pairs (basic assets). The current composite rate is displayed next to each trading pair respectively.

Screenshot_5

3 - Composite rate - This block displays the current composite rate of the selected trading pair (the basic asset). The oracle of this block is engaged in constant monitoring of the rates on the main exchanges (each trading pair has a separate list of exchanges with significant volume for this particular pair).
At each moment of time, the Betex composite rate is calculated as the weighted average of the exchange rates on the main exchanges. Thereby, the weight factor is the trade volume on each of the exchanges. The ratio of the trading volumes is visually displayed using a diagram.
The list of exchanges rates used in the composite rate calculation is displayed under the diagram. For each exchange, the rate and weight (in %) in the composite course are displayed respectively. Such approach makes it difficult for individual traders /exchanges to manipulate the exchange rate and makes the platform more transparent and fair.
4 - Price chart - This chart is a graphical display of the history of changes in the composite exchangerate of the basic asset for the selected period, as well as the 
 display of the current exchange rate.
5 - Current state of the pool - This block displays the status of the total bet pool for the current round for the selected trading pair and time slot. For each of the two types of betting (up and down), the amount of bets in the current round, the bet/interest ratio, and the number of bets are displayed.
The state of this block is updated after each new block appears in the Ethereum network. Reward ratio of those traders who won in the current round is based on the ratio of the sum of the bets for each of the outcomes.

6 - Time period - In this block, you can select one of the six time intervals for placing bets. At the bottom of the block for the selected interval, the time remaining until the end of the bets in the current round is displayed, as well as the total pool of the current bets.
7 - Strike rate - This block shows basic rate of a current trading pair, time slot and round. At the end of the round, this rate determines where the price went — up or down.
8 - Bet amount input - In this block, there is a field for entering the betting amount. On the right side of this block, the current coefficients and the amount of possible wins are displayed with a bet on each of the outcomes. The important point here is that these values are not final and can change until the current round is open for bets. This is due to the fact that the winning ratio is determined based on the ratio of the sums of the rates for growth and the rates for a decrease.
9 - Option types - In this block, there are 2 buttons with which you actually place the bet in the system after you have decided on the trading pair, the time interval and the betting amount. By pressing the green "Call" button, you bet that the composite rate at the end of the current round (Outcome Rate) will be higher than the basic rate (Strike Rate), which was fixed at the beginning of the current round.
By pressing the red "Put" button, you bet that the composite rate at the end of the current round (Outcome Rate) will be lower than the basic rate (Strike Rate), which was fixed at the beginning of the current round
10 - Your orders - This is a table that displays your current open bets. This table also shows closed bets. To view thee closed bets, you must press the switch on the right side of this block to the "Expired" position. Here‘s a brief description of the columns of this table:

▹ Order ID - ID of the bet;
▹ Round ID - ID round (service information);
▹ Asset - The name of a trading pair or a basic asset;
▹ Type - The type of bet (on increase or decrease);
▹ Order Time - The time of the bet placement;
▹ Strike Rate - The basic rate in this round;
▹ Current Rate - The current asset rate;
▹ Bet Amount - The amount of the bet;
▹ Expected Win Amount - The expected possible win;
▹ Time Left - Remaining time until the final rate is determined in the current round;

MEDIA 

OUR TEAM

For more information please click the link below:

Author

WISE

WISE - Powering IoT & M2M Economy, Powerfull Blockchain Integration. What is Wise? Based out of Costa Rica, Wise is an imaginative engi...