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Prediction Market: June 2020 BTS 0.30 CNY

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abit:
Late update:

The market has been settled at 0. The borrowers won.

R:
How can we trust a prediction market asset from a proponent of faking price feeds? Exceedingly unwise to participate in this.

abit:

--- Quote from: optionswallet on June 01, 2020, 01:34:37 pm ---Is it not expensive for you to pay 15,000 BTS every month for launching a new option contract?

--- End quote ---
Just some experiments so far, the costs are affordable for me.

The cost for one market is around 2400 BTS since I'm a LTM.

I believe asset creation fee will be lowered after 4.0 .

Best if we can have better UI implementations to attract traders, and proper marketing efforts. The core needs improvements too.

optionswallet:
Is it not expensive for you to pay 15,000 BTS every month for launching a new option contract?

abit:
Asset:
ABITS.JUN20BTS30
https://wallet.bitshares.org/#/asset/ABITS.JUN20BTS30/
https://bts.ai/asset/ABITS.JUN20BTS30

Main market:
ABITS.JUN20BTS30 / BTS
https://wallet.bitshares.org/#/market/ABITS.JUN20BTS30_BTS
https://bts.ai/market/ABITS.JUN20BTS30_BTS

Conditions:

* If median feed price of BTS reached 0.30 CNY per BTS or above at any time before the end of June 2020 (Beijing Time), the market will be globally settled at 1 as soon as possible, which means the borrowers lost;

* Otherwise, the market will be settled at 0 on 1st July, 2020, which means the borrowers won.

(Market fee 0.1%, referral reward percent 25%.)


To participate:

* borrow the asset and sell if to bet "BTS price won't reach 0.3 CNY or above before July"
* buy the asset if to bet  "BTS price will reach 0.3 CNY or above before July"

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