DigiOptions is a blockchain fintech. We provide decentralized and user-driven markets for digital options. On our markets you can bet on outcomes of certain events from finance, sports, politics... If you are missing a market simply create it yourself - We are user-driven! We offer a universe of digital option markets – markets you won’t find anywhere else. You can crate markets yourself an earn transaction costs as a market creator.
Current Status
We just went live.
Beginning in August we partnered up with ThunderCore blockchain. They have 10,000 daily active users and will heavily push DigiOptions. This will enable us to onboard first users and grow fast.
Market
Worldwide there are 14 million online traders.
Crypto derivatives are expected to increase from 2 bn Euros to 2,000 bn Euros.
Problem or Opportunity
What's new at DigiOptions is the availability of liquid and secure option markets on a universe of different underlyings. Today, traders either have to resort to classical derivative exchanges while accepting to be limited to traditional underlyings, or they resort to centralized crypto exchanges having to accept hacking risk or they resort to decentralized blockchain markets having to accept very low liquidity.
Solution (product or service)
Using blockchain technology enables us to be fully transparent, decentralized and secure. Using on-chain deposits for offering a bet totally eliminates counterparty risk.
Our vision is to offer betting markets you won't find anywhere else. That's why we are user-driven: The users themselves can create the betting markets they are interested in.
Also, we created a smart market making bot, automatically filling the order book. Liquidity is a key competitive advantage.
DigiOptions offers digital option markets on the blockchain. Markets you won't find anywhere else. If you are missing a market, simply create one yourself - and earn transaction costs. We are user-driven! We offer betting markets on crypto currencies, stocks, sports, politics - on everything.
Competitors
Competotors are Augur.net Gnosis.io
These are competitors offering betting markets on the blockchain. However, they are difficult to use (they require special crypto tokes) and the have just few markets and even worse, their markets are not liquid. So traders turn away disappointed.
Advantages or differentiators
We offer a universe of digital option markets – markets you won’t find anywhere else. You can crate markets yourself an earn transaction costs as a market creator.
DigiOptions leads traders to the user-driven markets and we provide liquidity to the markets. This ensures vivid markets and a high level of transactions.
DigiOptions is secure. Our markets are totally decentralized. We do not hold any user funds. Trading is peer-to-peer via Ethereum blockchain. There is no counterparty risk, since money is deposited on the blockchain.
DigiOptions is simple. No registration is required. You simply need an Ethereum wallet. We also have a mobile app.
Finance
We have a new business model. While having cash-flows like a traditional exchange and participating in transaction costs, we a not an exchange from a legal point of view: markets are created by users and we do not hold any user funds; thus we are not subject to financial regulation. We do not own an expensive infrastructure since our decentralized markets run on the blockchain. DigiOptions instead is a service provider, leading customers to the markets and providing markets with liquidity. Our legal approach is being developed together with a recognized law firm. In addition, we plan to actively approach supervisory authority in order to guarantee compliance.
Business model
Exchange, earning transaction costs.
Money will be spent on
Set up marketing, especially native advertising and online marketing.
In order to onboard more users and scale up internationally.
The business model depends on the mass adoption of crypto wallets.
Incubation/Acceleration programs accomplishment
We participated as a finalist in the Future of Blockchain program in March 2020. See https://www.futureofblockchain.co.uk
We participated in the EnCode Club ThunderCore Competition in September 2020 and won 4.000 Euros.
https://www.encode.club
https://medium.com/encode-club/en-code-thundercore-club-summary-6317b30b70a5
Won the competition and other awards
Finalist in the Future of Blockchain program.
Winner of 4.000 Euros n the EnCode Club ThunderCore Competition.