A startup in a blockchain ecosystem says information technology eliminates the conflicts of interest that are oftentimes seen on fiat platforms.

Value Network enables users to create binary options markets based on their very ain parameters, including asset pair, price level and fourth dimension of expiration. This peer-to-peer arroyo means they don't take to bet confronting centralized brokers, some of whom take been linked to scams and fraud in a largely unregulated space.

Binary options expire at a set engagement in the future — with a yep or no outcome. A successful bet means users win the funds of those who had been betting against them.

Illustrating this blockchain projection in action, someone who firmly believes that Bitcoin will be worth $100,000 in iii months' fourth dimension would exist able to create their own market place, and trade bets against other users. Toll feeds from Chainlink and other trusted oracles ensure that each market is governed past up-to-the-minute information at all times.

Value Network recently announced plans to migrate away from Ethereum attributable to network congestion, and the high costs this attracts. Information technology is at present moving to the Qtum smart contract and DApp platform — and has received a development grant to advance the transition.

Artem Levin, Value Network'south founder, said: "Users shouldn't accept to pay $fifty per transaction. That's not what DeFi is near. By receiving a grant from Qtum, an established projection helping to grow the DeFi ecosystem, we're able to offering low-fee, decentralized derivatives trading to the wider market."

Qtum growth director Antonio Saaranen added that both projects have the opportunity to benefit from the collaboration — and the investment will play a crucial role in "edifice the DeFi space and fostering a community where anybody can participate."

Standing out from the oversupply

A cursory glance of Twitter, Reddit or any crypto-focused Discord conversation powerfully illustrates the ferocious debate about the performance of Bitcoin and altcoins — with a dizzying assortment of predictions relating to where these assets will be in 12 months' fourth dimension.

Value Network now allows users to compete against each other through a clear and engaging user interface, something that isn't seen on many other blockchain prediction markets. This infrastructure too allows users to see how their bet changes in price, depending on the probability of a certain outcome, and supervene upon their wagers at any time for an boosted fee.

At the core of this platform is the VNTW token, which delivers access to exclusive markets, lowers committee paid on trades, and enables make-new markets to exist created.

More insights from Value Network here

Value Network initially launched in 2018 with a view to providing crypto-backed loans, and began exploring binary options as a new product in September 2020. The MVP was released on the Ethereum mainnet in February, and the migration over to Qtum is expected to be complete in the second quarter of this year. A top priority concerns expanding the number of markets available through its platform.

The power of decentralization

According to Levin, the binary options market has grown substantially over the past decade — and now, Value Network is carving out a singled-out niche that aims to deliver higher customer attending rates. In the fullness of time, the platform wants to launch "a marketplace of markets" where options tin exist filtered based on parameters including the pair type, expiration date, and number of participants.

With Value Network is planning to launch an app for smartphones in the not-too-afar future.

Learn more about Value Network

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