In the modern world, working through derivatives is increasingly popular, which is a derivative financial instrument in the form of a contract between the parties, according to which the latter perform a predetermined set of actions with respect to the underlying asset. The derivative is a popular tool for banks. But at the current time the use of derivatives has a number of shortcomings, since they work mainly with fiat. The Taurus0x project proposes the use of a decentralized platform for working with derivatives to accelerate its creation and going through all stages of a transaction. Decentralization combined with centralization will allow choosing the most profitable way of working with this financial instrument and will simplify the complete transition to a decentralized platform.
https://www.taurus0x.com/
Key features of Taurus0x
A key feature of Taurus0x project is the absence of a central server in the protocol and, accordingly, the point of failure. Multiple trials make it easy to use derivatives in various combinations. A convenient and intuitive interface with the availability of detailed instructions will help to use derivatives of digital assets for your business and personal needs even for inexperienced users. Taurus0x is a distributed protocol with an open standard and is created for successful trading in derivative financial instruments. Using smart contracts when making a transaction makes it quick and profitable.
Advantages of Taurus0x
Thanks to the work of Taurus0x through the blockchain, the financial system is protected from failures and overloads. Recently, many people prefer to work directly on the principle of "bought and sold," protecting their money from scammers and depriving themselves of the benefits of using derivatives.
https://www.taurus0x.com/
Taurus0x implements a protocol that brings to the common standards the trading of derivatives of digital assets of any complexity level both with the use of fiat and cryptocurrency. The unique and high-tech Taurus0x protocol will allow working both on centralized and decentralized exchanges, as well as in decentralized applications. All contracts are protected by asymmetric cryptography, which has established itself as a reliable protection.
Taurus0x platform offers its users a pleasant and convenient interface, protection from theft of identification information and money, the formation of trust between the intermediaries through the use of open source.
Taurus0x project also offers users the opportunity to develop applications that are compatible with the original protocol. The business model of the project is based on the collection of a single payment for registration on the project and the percentage of the amount of each transaction.
Taurus0x offers a wide range of contracts. Due to the work of the protocol with both simulated and peer nodes, Taurus0x adapts to any environment and works with any types of contracts. The most popular ones are call, put and binary. The call contract controls the interaction of a producer and a consumer taking into account the strike price. Experienced participants who know the derivatives market earn well in this sector. The put contract allows insuring the value of the asset the return of cash in the event of a decrease in the value of the asset. A binary contract, unlike a call, is created for the purpose of earning, where participants earn on the difference between buying and selling a deal.
Taurus0x cryptocurrency
To perform calculations on the project, TAUR tokens implemented on the basis of Ethereum according to the ERC-20 standard are used. Preliminary sales lasts until July 6 with a favorable offer of 0.0001 ETH per one token, and from July 7 to September 6 the main crowdsale is scheduled. A total of 250 million tokens are allocated for sale, which is 65% of the total amount of issued tokens. The rest of cryptocurrency is aimed at forming a reserve, settling accounts with the team and paying expenses.
Conclusions
Thus, Taurus0x platform unites the two worlds in relation to working with derivatives of digital assets - decentralized and centralized. As the market for this derivative financial instrument develops, Taurus0x will move completely to a decentralized form. Convenient interface, uniqueness of the service, protection of money and information, interaction with trusted intermediaries guarantees the project a high chance of success.
Links:
Website: https://www.taurus0x.com/
WhitePaper: https://www.taurus0x.com/pdf/whitepaper.pdf
Telegram: https://t.me/Taurus0x
Facebook: https://fb.com/Taurus0x
Twitter: https://twitter.com/Taurus0x
Medium: https://medium.com/@Taurus0x
ANN: https://bitcointalk.org/index.php?topic=4503263.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Bountyhive Username: denvil
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.