We are pleased to announce our next AMA on June 3rd 2021 at 01:00 PM UTC Time: Satoshi Club x OPA
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join OPA Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. OPA Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about OPA
For more details:
OPA Website – opanda.io
OPA Telegram – @opandaofficial
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
We see price movements even with the biggest centralized exchanges like Binance, price go bottom just for a second and goes back. It occurs time to time. How do you calculate the current price of the coins? What kind of formula that Option Panda have? How can traders be sure that the price on Option Panda can not be manipulated?
Option Panda is a decentralized options underwriting & trading exchange which supports Ethereum and Binance Smart Chain. But there are currently BTCB, ETH and BNB right now. Do you plan to add the tokens that uses Ethereum and Binance Smart Chain networks too? Also how does system calculates Option Premium and Strike Price? Where do you get the data and which formula do you use?
They were recently listed on GATE and their official website is already operational, what are the next challenges they will face?
If Option Panda is a decentralized options underwriting & trading exchange, which supports Ethereum, Binance Smart Chain and its similar peers are Hegic and Binance Option, semi-decentralized and centralized in nature respectively. Could you say Binance is one of your major competitors? How do you face it? What plans do you implement for growing community when you compete with one of the biggest and favorites crypto exchanges?
Exploring your website i saw it said that you plan to add CBBC(Callable Bull/Bear Contracts) for 2021. In what does CBBC consist? Does anyone participate? Or does people need an amount or money or special requirements?
I read that Option Panda is gonna evolve to a composable exotic derivatives trading platform and for that you will listen to the community’s opinion and let the community vote to decide the future direction of Option Panda. Through which activities can the community vote? Governance maybe? What is the mechanism for that?
Since eventually BTC usually has many variations with respect to the price, is it possible to create some type of notification especially to evaluate the rise and fall of electronic prices? In other words, in order to calculate the prices of these currencies, there must be some other way to obtain a stable balance, will option panda offer exchanges with CBBC or will it be another method to calculate BTC?
To calculate the current currency, how would you keep an estimate of the prices of electronic currencies? Would you use calculation by monthly statistics in standard graphs?
One of the benefit of Option Panda is that you will introduce a unique mechanism which you called Dynamic Sigma Adjustment and you said that it can help to counterbalance the implied-volatility in your market formula. Can you explain how the Dynamic Adjustment Mechanism will work and how it is designed to achieve a practically fair option pricing that will be satisfactory to both the buying and selling parties? How will this buyers and sellers protection market tools be used to realign instability in market prices especially in a situation when the market is superheating?
Option Panda is a decentralized options trading and subscription exchange, supporting Ethereum, Binance Smart Chain, etc. Its similar pairs are Hegic and Binance Option, semi-decentralized and centralized in nature, respectively. What is Option Panda? What are the contributions and benefits provided by this exchange platform and how is it different from the rest that currently exists? For people who are not yet familiar with the option and its benefits, do you offer any kind of tutoring? What are the advantages offered by Option Panda? Can any type of user with or without experience operate in Option Panda?
Option Panda is described as a decentralized options underwriting and trading exchange platform. The functions you plan to provide is similarly related to the option trading services provided by FinNexus, Hetoro and Hegic. But despite the presence of these well established platforms, you said you don’t have any competitors. So, what new inventions are you bringing to revolutionise option trading? How do you plan to operate competitively above already established platforms and offer user-centred solutions that will attract option trader to your protocol? In what way will you be able to leverage on the arbitrage opportunities from various options exchanges to create a fair market system?
In its initial launch, Option Panda will focus on providing traditional cryptocurrency options trading (BTCB / ETH / BNB, etc.) on Binance Smart Chain, with a gradual list of more underlying assets. In 2021, they will add CBBC (Callable Bull / Bear Contracts), which is a variant of options, to expand the product line. It is also a work in progress to support the Ethereum Optimistic Rollup network, Algorand, etc., for the users of those public chains to exchange options. What is Option Panda’s roadmap? Is integration and combination with other decentralized asset trading platforms or protocols also under rigorous consideration? Will Option Panda evolve into a composable exotic derivatives trading platform? Will you let the community vote to decide the future direction of Option Panda?
There is an interesting piece you wrote on your medium warning users to be wary of investment in animal tokens as it is better never to loose money than to loose investment as a result of the uncertainty caused by the speculative nature of these tokens. It is good that you are interested in investors’ safety. Hence, I will like to know the risk instruments that Option Panda can use to protect investors’ investment from known/unknown risks in situations like this. Also, how is your protocol itself designed to guarantee safety and what measure can you boast of that can protect users against hacks, price manipulation as well limit the risks users may be exposed to through the use of your platform?
As we well know Option Panda is a decentralized exchange that allows crypto asset traders to trade against the perspective of the price trend of others with respect to a certain underlying asset. Is Option Panda scalable both in terms of crypto asset classes and expiration dates? Why choose Option Panda? What are the advantages of Opcion Panda compared to other trading platforms? What are the underlying sites? Is the power to decide whether to provide more assets or maturity durations owned by Option Panda Community?
Option buyers simply buy a call / put option on the platform, waiting for its settlement to obtain a potential profit; option sellers simply deposit the underlying asset in a pool to participate in the underwriting of a combined option, collecting the premiums paid by option buyers. Does Option Panda automatically liquidate options that expire? Do you update new option offers according to rules? What is Option Panda’s option subscription mechanism? Don’t option holders have to watch the tower and manually exercise their holdings?
Since there is no scientifically accurate pricing model for options, it is unfair to claim that any pricing mechanism is fair to everyone. It can only be stated that the price is accepted and accepted by someone willingly. However, Option Panda strives to do its best to create a technically fair option pricing mechanism. How does Option Panda determine the price I have to pay to buy an option? Does Option Panda adopt a transparent option pricing mechanism?
Option Panda employs a novel dynamic adjustment mechanism based on market supply / demand to achieve a relatively frequent update of the volatility implicit in the option pricing formula, which we call Sigma Dynamic Adjustment. Is it designed this way for the frequent Sigma fit? What is Sigma Dynamic Fit? Do these adjustments influence the market price in any way?
Option Panda plans to gradually transfer ownership of governance to the community and let the platform’s token holders decide their roadmap. Does that mean Option Panda will have a decentralized governance mechanism? What is the difference between Option Panda and centralized option exchanges? Could options traders enjoy a fair trading space at Option Panda?
Option Panda is a decentralized derivatives trading platform, it will issue the “OPA” platform token. Can you define the attributes of the $ OPA token? Is Option Panda’s option pricing mechanism transparent? Do you strictly follow the Black-Scholes formula? Can anyone manipulate the option price at Option Panda? Is $ OPA exploitable?
Option Panda’s pricing mechanism for its options is said to be transparent and strictly follows the Black-Scholes formula, and that Nobody can manipulate the option price on Option Panda as it is calculated by smart contract according to specified rules… so how does Option Panda maintain a transparent pricing mechanism for its Options while using the Black-Scholes formula, what are the advantages of using this Formula for your Options, and what kinds of specified rules do you have in your contract to disable manipulation of the price of an option in Option Panda
Options Panda is said to have a real-time transparent on-chain analytics portal for monitoring of the real-time data on Option Panda and is also said to Provide multi-dimensional data analytics.. how does your real-time transparent on-chain analytics portal work, what kinds of analytical data and information can users find and monitor on the portal…
It is stated that Option Panda plans to gradually transfer the governance ownership to the community, and let platform tokens holders to decide the roadmap of the project.. so how will your Governance mechanism work, how do you intend to implement this gradual transfer of governance ownership to your community. This is one of the few projects that will allow its community decide the roadmap of the project so apart from this what other decisions will holders of your token be able to make within your governance system.
The option value in your ecosystem is said to be composed of intrinsice value and extrinsic value. What is the difference between the two values? How does the intrinsic value measure profit? How does Extrinsic value rises with increase in volatility in the market? How does this help a user make better decision to maximize profit in your ecosystem?
I see OptionPanda has an onchain analytics portal, it monitorizes real-time data and from similar platforms I’ve seen it requires an optimal data management with high potential like the ones provided by oracles, can you tell us how OptionPanda manages real-time data and if it has an association with an Oracle?
OPA has a native staking DAO feature on their website and there’s also an option for LP staking on @Pancake, can you tell us the differences between each one? What benefits do you offer to the LPs and for your stakers? And how is the Staking feature part of your DAO?
For investors there will always be various investment targets and risks will always exist. Option Panda’s platform take into account users risk and do not allow users to customize options, which prevents users from taking unnecessary risks. How does this work in your ecosystem and how does the options excellent risk hedging tool empowers users counter these risks?
Option Panda employs a novel dynamic adjustment mechanism based on market supply/demand to achieve a relatively frequent update of the implied volatility in the option pricing formula, which we call it Dynamic Sigma Adjustment. So can you tell us where do you get this idea in using Dynamic Sigma Adjustment and can you explain more about the uses of Dynamic Sigma Adjustment? What makes you decide to use this kind of mechanism? Since your are using this mechanism,can you tell us its output and results? Thank you
Option Panda is said to be a decentralized options underwriting trading exchange. What advantages does Option Panda have over other similar option trading platforms, like Hegic and Binance Option? What are some of the features that make your options trading platform unique?
One of your twitter post last May 23 in which you stated that “Another bloody day in the cryptocurrencies market. But options traders don’t know what a red day or green day is. Every day is money day. All we need to do is predict the market direction within a fixed time. Option Panda is here to help you. So, literally how will Option Panda help Option Trader to trade wisely especially this time of Bear Market? As we know market is so volatile and unpredictable,so how will Option Panda help us decide which direction to follow? As a trader,can you give us an idea or advice on how to trade with timing that is also been applied to Option Panda platform? Thank you
I read that Option Panda is similar to Hegic and Binance Option, but could you tell us how it differs from these two projects, how you think it is better and how you will make sure to stay competitive against projects like this that are already in the market and the next ones that may come?
While I was reading your website, I often found myself wondering what was the meaning of some technical crypto terms. So I would like to know, what is your user target? Regarding trading, is your platform beginner-friendly? Can beginners start learning about trading with Option Panda?
Could you please tell us for Option Panda, which of these three elements is most important and why, security, scalability and transparency. Also, according to your selection, tell us what actions you have taken to demonstrate that this element is really important and that you have given the necessary investment to achieve it in the most efficient way possible?
I would like to know about the role of $OPA within your platform. What are the principal use cases of $OPA? Can you explain the different ways we can get $OPA? Would you share your Tokenomics with us?
I’m interested to know about the fees charged for using Option Panda. Is your platform free to use? If not, would you tell us how do you calculate the fees? And what are these funds used for?
One of the offers of your blockchain is that there will be no human intervention, could you explain something more about it? How does this benefit the transparency of the ecosystem?
They say that the community will vote for the future of the project, how will that participation be? All opinions will be taken into account or will it be through surveys?
What new assets will there be in your network? Could you give any prelude about it?
What are the risks if I hold money in the BNB- Put Underwriting Pool? At the moment 1124% APR for me is more attractive than trading options. But surely such a rate could contain ” Traps ” and I could lose money? Or is it a completely safe and guaranteed bet?
I saw a post on Twitter that you had a new feature on May 31
-Product Features.
-Mining function.
Please tell me more details. What are the conditions for mining, what is the yield and everything related to it.
Options Panda barely launched a couple of days back (May 31st, 2021) on Gate.io Startup and received an overwhelming reception with startup funding raised to over 333 times of the projected goal. This astonishing performance, is a direct pointer to investors confidence in the project and also shows the strong desire of customers for options product. Riding on this massive success, how will Options Panda look to improve, expand and innovate options trade to meet future growth predictions and challenges, and how will Options Panda ease the interoperability of it’s products with other protocols?
Having strategies that allow you to be a scalable project is fundamental to assure users that the creators have really designed a project with a future and that they are not just looking to get rich quick to leave, so how can Option Panda demonstrate that it is really working to position itself in the market, be stable and become much better than its competition, not only now, but also in the long term?
The way in which you face the problems that arise over time, usually talks about what can be expected in a project, so, since the launch of Option Panda, what problems have arisen and how have you solved them, do you consider that your team is fully capable of facing and solving any inconvenience that may arise in the future?
profitability plays an important role in attracting not only users, but also investors, so, do you consider that the benefits provided by Option Panda and the investment or effort that users have to make are proportional to each other and manage to generate an acceptable return for these users?
Option Panda has a Fiat Basis option in USD stablecoin used for premium paid by option buyers to any option underwriting pool on Option Panda, can you share the concept of a premium paid option and a underwriting pool? How does this Fiat Basis is better than the implemented in other platforms like Hegic?
A a lot has been said about OptionPanda’s amazing options trading services, products and tools, but little is known about it’s traditional token OPA, asides a brief mention of been airdropped as part of the incentives towards the launch of OptionPanda on Gate.io, a lot hasn’t been known about the OPA token. Consequently, can you provide us with a detailed information of the OPA token; it’s tokenomics, distribution and usecases, and where can it be bought, traded and exchanged when fully developed?
I understand that option panda is completely decentralized, but apart from this, what differentiates it from the other options that are centralized?
Do you have negotiations open to list OPA in coingecko or binance? or can they only be traded on your platform?
How are funds protected from hacker attacks? What channels does Option panda use to receive quotes and check them against the correct time? A hacker can run the code and change the rate, slow down the option timer for a second and thus bankrupt the pool.
1 – Is there insurance for funds against hacking?
2 – How is the security wall lined up against hackers?
3 – Is there a bug bounty program?
4 – What are your actions if God forbid trouble happens? Will you just apologize for the lost funds or will you be able to recover your losses?
What do you think will make a difference for operators to decide to change the traditional platforms for option panda?
Option value= Intrinsic value+ extrinsic value
In this scenario, it says that intrinsic value is zero when the difference between stock price & strike price is going to be negative value. Please explain about this New feature.
Option Panda is a fully decentralized, scalable with 100% tranaparency as website states that allows to trade and stake. $OPA tokens are introduced by Option Panda just like the Binanace introduced $BNB. Is it only allow to trade with BCTC,ETH,BNB in your paltform? For staking purpose, how do we collect or buy $OPA ?did you have any presale before? How much is the APR for staking?
Too excited, when reading that the Option Panda will be driven by the community in future which involved with trading & staking. Option panda will be blast on crypto space if this would happen as my opinion. How long is it take to transfer the governance ownership to the community? How can we join to the option panda communty? Does Option Panda expect to launch trading& staking only? Will you intergrate more features in addition to trading & staking? If yes share with us about those feature.
Matket has many similar projects and investors tend to invest on projects which are already in a market for a long time. When the features of new projects are almost same with existing ones, that becomes a big handicap for these new projects. So, my question is, how will you compete with your competitors and create a different offer in the market?
Option Panda is a decentralized options underwriting & trading exchange, which supports Ethereum and Binance Smart Chain. Please tell us about your further cross chain expansion plans. Which chains do you plan to expand to next? Do you have any big competing projects that can hinder your expansion and compete for users?
I see only one available liquidity mining farm OPA-USDT on pancake swap. Traditionally it is not the best idea to farm a token vs the stable coin due to a risk of impermanent loss. Do you plan to open more farms with more altcoin pairs? Do you need to partner with other projects to create new farms or can you just pick a random token by yourselves?
You say that Option Panda’s option pricing mechanism is transparent and strictly following the Black-Scholes formula. Nobody can manipulate the option price on Option Panda as it’s calculated by smart contract according to specified rules. Can you elaborate on the Black-Scholes formula please? What exactly is this formula and what benefits does it bring compared to projects that do not follow it?
I read from your site that OPA holder control the governance power of OptionPanda and will benefit from the platform revenue buyback & burn activity. I’m quite exciting since you have buyback and burn system, could you explain how does your buyback and burn system work? Have you schedule it or only do them for special event?
You mention on your site that OptionPanda adopts an auction-like option offering mechanism. Actually im quite not understand how the offering mechanism work, is this mean after the old option expired, there will be new option generated or what? Could you explain more detail for how is the system that you adopt like?
The market is constantly fluctuating nowadays and Option Panda can be used to leverage the price changes in the market. Can you tell me how Option Panda grabs opportunity on market fluctuations? How does it work for the user and what are the benefits caused by it for user and the market?
I noticed how having a platform named after an animal which is Panda have no connection to the services it provides at all. What is the main reason for picking this name as your identity? Can you provide some rationak explanation why you chose panda out of all species?
1. Do you have a plan on how to secure funds on the application?
2. What if hacking happens and theft of part of the funds occurs?
3. Will you offer a discount compared to the subscription plan offered by the service provider?
What do you plan to do with the community to involve it faithfully in the project? DAO, governance, or something to keep the community together and speaking out for its own interest?
How is the crypto regulations on Korea? Do they allow crypto companies? Do you have any government officials like SEC?
As of now, who would you consider your biggest competitor and how do you plan to appeal to their community to show your project is better?
As noted from your website, Option Panda plans to gradually transfer the governance ownership to the community, and let platform tokens holders to decide it’s roadmap. That means Option Panda will have a decentralized governance mechanism. Can you elaborate further on this? How long do you consider it will take for this to happen?
You claim you will offer transparent and fair pricing to everyone, without human intervention, thanks to Dynamic Sigma Adjustment. Can you elaborate on the use of the Black-Scholes formula in your project? How is it more appealing to the public against other established trading platforms’ formulas?
I read that OptionPanda is a decentralized option underwriting and trading exchange. As OptionPanda operates in a decentralized environment, it pools real underlying asset as collateral to guarantee option underwriting. how does OPA’s underwriting mechanism work? What are the benefit that user got by using this system?
OPA is basically a fully committed Options trading platform, but I realized that said on the website that you’ll integrate something called CBBC that is a variant of options, so can you please explain us what is this exactly?
⭐️ The only lack that the options trading markets have is that there is requiered a huge Liquidity to guarantee the payment of the choice when the time experies, so can you tell us how do you ensure that you liquidity will be enough?