Photo - DigiOptions
play_arrow
View
49168

DigiOptions

User-Driven Options Markets on the Blockchain

Germany
Market: Financial services, Blockchain
Stage of the project: Prototype or product is ready

Date of last change: 11.09.2020
Go to the owner's profile
2
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

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.

Offer for investor

20% stake in DigiOptions for 2m Euros.

Team or Management

Risks

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.

Invention/Patent

Trade mark.

Photos

Photo 1 - User-Driven Options Markets on the Blockchain
Photo 2 - User-Driven Options Markets on the Blockchain
Photo 3 - User-Driven Options Markets on the Blockchain
Photo 4 - User-Driven Options Markets on the Blockchain
Photo 5 - User-Driven Options Markets on the Blockchain

Product Video

5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility1588
star0
Add to favorites
Delete from favorites
share
close
thumb_up1
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation