The new turn for the DeFi options. Logium launches the P2P crypto betting system

By DeFicrusher_ | DeFicrusher_ | 24 Jun 2022


Following the growing trend of DeFi finances - Logium, the new gamer on the decentralized market,  just introduced a beta version of the P2P betting platform, allowing you to predict the future of every token listed on Uniswap. The unique contract ensures transparency and security: Logium does not hold any assets of its users, moreover,  all trades are available at Logium decentralized contract which guarantees the safety of all bets. The current beta version allows users to make bets on more than 10 coins:  ETH, BTC, SHIB, HEX, APE, etc. The number of coins would be daily updated and planned to be increased to 500 tokens. 

How Logium works?

The P2P betting system allows users to use leverage and trade any assets available at Uniswap, and so on, by using Logium its possible to trade both long and short bets on leverage for over 500 cryptocurrencies.

 The “bet”, in the trading world the “option”, or “position” is a P2P agreement between two users about the future price of any chosen ERC20 asset. Bets are placed against each other on the platform, which means that one user could predict the price to go up, while the other one predicts it to go down. Finally, only one user, that is right about the price prediction, wins and earns 100% of the opponent's bet. The users are settled after a fixed duration of time, which can be 1 hour, 6 hours, 1 day, 7 days, or 30 days.

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How to start betting?

Currently, only the Metamask wallet is available.  The Wallet Connect, Coinbase Wallet, Formatic, and Portis will be added in upcoming updates.

  • Pick your token

Decide on which token you’d like to make a bet 

  • Start betting

Pick a bet from the available list or create a new one. Increase your winnings with leverage, and let yourself become a successful trader!

The current beta version is openly available for all engrossed traders on Logium.org. Concerned about the future of your last investment? Go and try to make your first bet on crypto. 

Read more about the platform’s functionality on Coinpaper.com.

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