News

DigiOptions is a Finalist of the Future of Blockchain Competition

published: 2020-04-20

560 participants, more than 140 teams, more than 70 submissions and twelve finalists: DigiOptions was chosen to be one of the finalists of the Future of Blockchain competition.

Future of Blockchain is a 3-month competition for innovative blockchain projects, attracting researchers and leading developers. This 2nd iteration focused on Oxford, Cambridge, London and new for this cohort: Berlin, where DigiOptions is based. Submissions were also received from Zurich, Rome, Stirling, Waterloo, Cape Town and Paris.

These finalists will compete in front of an international jury on April 27th for the final top prize:

• ARRtistry: An art provenance platform using Arweave.
• Baseblock: A crowdfunding platform using Zilliqa.
• Chain of Insight: Zero-knowledge oracle built on Tezos.
• ChironCoin: A marketplace trading algorithms using Near Protocol.
• dAirbnb: A decentralized property marketplace on Tezos.
• Decentralised Robinson List: An opt-out marketing using Algorand.
• Deepverse: Train AI models collaboratively, using Tezos and Arweave.
• Digioptions: A decentralized online betting platform, based on Ethereum.
• HyperAware: A decentralized platform for connected devices, using Arweave.
• Q-Vote: A voting platform, built on Tezos.
• Reflexer: A ‘reflex-bond’ design to create an unpegged stablecoin.
• Snappy Labs: A retail blockchain payment solution.

Finalists, challenge partners and judges can be found here: Future of Blockchain 2: the finalists.

DigiOptions’ Betting Markets

DigiOptions went live on March 15, 2020 the Future of Blockchain submission date. On our platform you can easily take bets on financial events. We've been starting with monthly betting markets for the most important crypto currencies: Bitcoin, Ether and Ripple. For example you can bet on the Bitcoin closing below 6,000 USD by the end of April 2020. Currently it will cost you just 0.14 Ether - and you will win one full Ether if you're right. It is a highly leveraged investment.

Indeed it is a financial derivative, also known as digital option. It's digital because there are just two possibilities: You win or you lose. In contrast to highly complicated financial derivatives our digital options as ease to interpret: The prices are simply the event probabilities expected by the market. In the example above traders expect a 14 percent chance of Bitcoin dropping below 6,000 USD.

While crypto spot markets are well developed there are rare opportunities to invest in crypto derivatives. DigiOptions is there to fill the gap!

Using DigiOptions is really simple. There is no registration. You just need an Ether wallet.