We are pleased to announce our next AMA on April 3rd, 2021 at 11:00 AM UTC Time: Satoshi Club x Oction
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Oction Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Oction Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Oction
For more details:
Oction Website – oction.io
Oction Telegram – @octionofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I have heard about centralized decentralized Finance (CeDefi) but never heard of one that offers option trading features on binance.
How will oction make this feature work and boost mass crypto adoption?
In line with the trading leverage, will you be able to assist the traders and investors in minimizing risk?
What challenge can we face as an investor, trader and a newbie?
After distributing rewards is over, what is your next plan?
How to choose a winner, do you choose at random or do you read the questions to see which question is good then choose?
Don’t know if I am lucky enough to receive 1 reward from the program?
I know you already know some of your competitors such as Hegic (Eth), Oddz Finance (Multi-chain) and Hedget (BSC). How does OUCTION’s plan to have a good share of the market? and What is your strategy?
Currently, users of centralized exchanges are always exposed to various risks, such as commercial interruptions and, as a result of recent times, price manipulation in the market has become more common. How does OCTION eliminate this risk? What tools are used for the transparency and reliability of OCTION?
In the summary statement of your paper, make it clear that they refer to a “cliff”, it is a period in which token holders cannot transfer the tokens from their wallets. Does this strategy apply to all token holders?
It is extremely important to know that in order to collect my share of the settlement fee I must participate in a batch of bets. How much is the settlement fee? If I bet my OCTION tokens, are my tokens still liquid?
The contributors of the liquidity pool will form the liquidity pool of OCTION (also known as the Writers) that receives the premiums paid by the Holders when purchasing option contracts. The liquidity pool will also be used to pay the financial gains of the Holders. How long before I can eliminate my cash if I become a writer?
In case the investor wants to charge the settlement fee, for how long should they lock their OCTION tokens in the bet lot?
Options and futures contracts are identical forms of derivatives. They are carefully created and prepared financial derivatives for hedging practices. Does this application have the same characteristics? How could you make money with these options? What is the OCTION value based on?
OCTION aims to educate both users and traders about the differences in the different types of financial derivatives that are offered in the market. Can you tell us what you are developing at the moment? Describe what CeDefi consists of and what are you implementing it for?
An options contract gives investors the opportunity / right to buy / sell the asset at a specified price while the contract is still valid or until expiration. Are the options based on the underlying security, is it similar to a currency?
Investors do not need to exercise the right to buy / sell the asset if they decide otherwise. Can you describe what types of options are available on the market?
Hey in your discord channel you talked about staking oction tokens to receive 1% settlement fees per transaction but I would like to know how much is APY when we stake the token with the platform that give us the opportunity to stake apart from the oction platform.
Hey i read about the ability to vote through governance for any proposed changes on the Oction platform when you acquire oction token but I would like to know the steps involved when going through this voting process? Do your votes alone count or you will need other processes when you finish voting
There is a minimum of 4% of option size given to the writers who contribute liquidity to the writer pool and also a 1% of option size as a bonus payment, I would like to know the process of being a writer and also contributing to the liquidity pool as well.
I saw CZ from Binance Tweet : “CeDefi is here to bolster DEFI, no compete with it”. Since Oction is actually CeDefi, how is your opinion about CZ’s Tweet?
What features from Oction will support the world of DEFI?
Advantages offered by Oction
Your team were able to achieve the great feat of adding the BNB/USD trade options to OCTION platform because no one have it again apart from your platform, I would like to know how happy the teams are and the efforts required to achieve it.
What is the total supply of Tokens Oction?
Is OCTION going to be limited to only cryptos or we will be able to trade some assets also and financials?
Options that offer the Oction platform
Your team were able to achieve the great feat of adding the BNB/USD trade options to OCTION platform because no one have it again apart from your platform, I would like to know how happy the teams are and the efforts required to achieve it
Oction is a CeDefi Trading Platform on BSC, but you mention that Oction also integrate with NFTs, can you explain how is the NFTs work for your trading platform? What are the use of NFT in your platform?
OCTION is the World’s 1st CeDeFi options trading platform built on BSC, which is interesting since right now the trend is DeFi. Can you tell us exactly what are the aspects of CeFi that you aim to keep on your platform? What aspects of both CeFi and DeFi did you combine to build OCTION?
One of the main features of OCTION is the options contracts. Can you explain how do these contracts work? Which benefits do the options contracts provide the OCTION users? Also, how do your contracts difference from the traditional options contracts?
There are three principal roles within the OCTION platform: holders, writers and OCTION token holders. While you describe a little about them on your website, can you explain further about how they interact, both independently and with each other, to keep the OCTION ecosystem functioning?
OCTION is currently in the midst of developing one of the most innovative and fully integrated CeDeFi options trading platforms in the world. Can you write us what new benefits do you have with CeDeFi? What contributions does this set of security functions generate?
Oction a decentralized options trading platform powered by Binance Smart Chain. It is my understanding that they will be holding an Open Public Sale Round (FCFS): Friday, April 9 at 1 p.m. UTC. What will be the total supply of tokens for this sale? What profile must be met to participate? Have you already made private sales?
I was able to show that OCTION is a unification of the European and American style, Thus demonstrating clear advantages over the competition, because it offers a complex and sophisticated set of functions. Can you write us these functions? In terms of security, how is Oction transformed?
A couple of days ago you had TGE. I do not see the addresses of contracts and auditor reports on your site. IDO is coming soon and I would like to get as much information as possible before buying tokens
creation of a single pool of stable liquidity – bDAI / bUSD – why is it needed and what will it bring?And whenever there is a mention of USD, there is also a mention of KYC. Will the platform be use verify the identity of users?
I see you have the opportunity to expire early options through the “OCTION Positional Shield” system, receiving a refund of part of my premiums. I have recently started to study options trading, but if I understand correctly, one of the parties to the transaction suffers losses during early closing. Using “OCTION Positional Shield” gives partial reimbursement of losses?Or what does it mean:”reimburse part of your premiums”?
According to the information on your website, the OCTION team and advisors are seasoned professionals with rich experiences across Blockchain, artificial intelligence and investments. You also mentioned projects that they previously served, but how can investors verify this claim without you revealing teams names / identities? Do you have plans to atleast reveal the OCTION project’s founder?
OCTION claims as the World’s 1st CeDeFi Option Trading Platform Built on Binance Smart Chain. OCTION also gives Lower Gas Fee. Considering on ETH gas fee that is quite a problem, what is your offer for this matter?
OCTION claims as the World’s 1st CeDeFi Option Trading Platform Built on Binance Smart Chain. OCTION also gives Lower Transaction Fee. Can you please elaborate with simple sample about this efficient transaction fee?
OCTION will release wallet address related to each component of tokenomics for full transparency. This is come to the question about your wallet infrastructure. Who is your partner with to manage the wallet? Does it with internal team or third party?
It’s mentioned on your whitepaper that within the next 12 months, you have a variety of strategic goals, I think we’re all interested to know Orakuru’s development priorities, especially for what you call “scale laterally and with speed” can you explain this strategies?
As we know, BSC has an advantageous 3-second block-time, ten times faster than Ethereum, however Ethereum is still one of the most used chains in DeFi despite of its highly volatile gas rates that are minuscule in Binance Smart Chain. How can this oracle created by Orakuru communicate with other chains like Ethereum or adjust to their comparable growth? Is there such a possibility in the future?
You mention that “OCTION” is based or built on the Binance Smart Chain (BSC) . But what are the main reasons for choosing this chain over others? Ethereum is not a more solid option ? And talking a little bit about the benefits of relying on Binance Smart Chain in “OCTION” what would they be ? The low fees are related to this chain ?
Oction claims to be the world’s first Cedefi options trading platform built on Binance Smart Chain. But for new users, could you explain what are “Cedefi” options ? How do you manage to trade these Cedefi options ? And how they would mark a before and after in the Cedefi market ?
Are the operations performed on optinon really so simple that anyone can operate without any problems? What is the range of cryptos that I can fund in OCTION to start trading? Are there any risks that users need to be aware of before they start trading?
Oction aims to be the worlds first and most integrated options trading platform that caters to everybody. As you have a very big goal to achieve, what steps are you taking to make this come true for upcoming time? Can you explain what is integrated options trading? What are the advantages and disadvantages of this trading option that brings to traders both long-term and short-term trader? Thank you
OCTION allows for options trading through a democratic framework on the Blockchain, specifically the Binance Smart Chain. So,can you tell us how does this democratic framework works? What is the pros and cons of this framework? Aside from BSC, do you plan to connect with other chain in the future to expand more of the services of Oction network and many people will experience it? Thank you
I already know the Hard work You Do Guys. I only want this rewards to be FCFS System because people May know the benefits of it and will be hurrying to join the reward program. My question is that after the IDO Done what is your plan for CG AND CMC LISTING? Thanks and have great achievement
OCTION is the the world’s 1st CeDeFi Options Trading Platform built on the Binance Smart Chain. Can you give us short introduction of what “CeDeFi” is all about? Why do you need to include Centralized features on OCTION Platform that might clash of what Decentralization stands and built for?
The Oction Development Fund ( ODF ) is used to guarantee withdrawals for liquidity pool contributors. It is used to fund any shortfall in pay-outs from the OCTION liquidity pool. Where are you going to collect the funds for ODF? What will happen if the funds are not enough to cover the payout?
Can you explain how is it possible for small traders or other to get profitable trading options on ETH blockchain when you see the gas fees from ETH is really high ? Any solution for this problem?
OCTION is focused on the options trading, could you please explain what makes this platform different from existing exchanges that support options trading now? How will users benefit from using the OCTION?
What is the main case for using OCTION tokens? Why do user need to buy the tokens if trading is done on the pairs not involving OCTION?
I am a bit confused – is OCTION centralized or decentralized platform? I saw your website calling it both CeDeFi and also being decentralized. What arts will be centralized and what decentralized?
how about listing on coingeko, coinmarketcap?
is it possible to list this year??