Oction offers amazing trading options through its platform
Oction is a new decentralized trading platform, which offers investors trade options through CeDeFi, with no centralized organization, no middlemen, more option types, lower fees, and zero data or market manipulation. The Binance Smart Chain powers this platform; thus, it allows for options trading through a democratic framework on the Blockchain.
According to the company, BNB/USD options will be available directly after launch, and they will add BTC, ETH, and traditional assets such as Gold and Silver afterward.
The platform has several advantages over its competitors. It offers the deepest feature set while simultaneously providing high-level security for its users. Usually, such companies offer either American or European style options, while Oction offers both.
Ethereum based competitors become hindered by slow, expensive transactions. On the other hand, BSC competitors have smaller teams with less experience, and they only offer European-style options. Meanwhile, Oction has been designed from the start to benefit every type of user.
Options traders will benefit from low fees, along with fast transaction speeds due to the power of the Binance Smart Chain. The platform offers an extensive choice of options due to the AMM design of the engine, and it has superior liquidity.
Furthermore, users will be able to expire their options early through the “OCTION Positional Shield” system and receive a refund on a portion of their premiums. They will also have the ability to trade BNB/USD options, which are currently unavailable elsewhere.
The platform also has a built-in insurance mechanism protecting the funding pool. It offers traders freedom from managing sitting limit orders.
What about OCTION token?
Oction is launching its namesake native token (OCTI) on Apr 9, 2021. During the IDO trading, a total of 4,000,000 OCTIs will be for sale at a price of $0.11 per token. Investors can buy Oction tokens at BSCpad’s platform.
$OCTION owners will enjoy several benefits. They will be able to participate in the governance of the platform and earn a portion of the settlement fees generated from it. Besides, the company plans to offer token-holders discounts on trading premiums.
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