What’s Logium?
Logium goals to unravel the issue of decentralized finance and open the free market of derivatives. It claims to be the primary platform that permits customers to go lengthy or quick on any token on Uniswap.
With Logium, you’ll be able to guess with different customers on whether or not the token will go up or down in worth and use a multiplier to foretell the long run worth. Logium at the moment provides new tokens each day from Uniswap, and you’ll keep up to date on new additions by following their official Twitter Profile.
The platform is absolutely clear and doesn’t maintain any person belongings; due to this fact, you’ll be able to relaxation assured that your funds are safe. To learn additional on Logium’s safety audit, comply with this hyperlink.
How does Logium work?
It’s fairly easy to take bets on Logium. The P2P betting system permits customers to make use of leverage and commerce over 500 belongings on Uniswap by taking each lengthy and quick bets on leverage.
To take part, you’d first want to attach your pockets with Logium. The present pockets supported is Metamask, however different wallets can be out there quickly, reminiscent of Pockets Join, Coinbase Pockets, Formatic, and Portis.
As soon as your pockets is linked, merely select any token you want to guess on; at the moment, customers can guess on ten tokens, together with ETH, BTC, SHIB, HEX, APE, and so forth.
Customers can select a guess that already exists on the checklist or just create a brand new likelihood. Professionally known as “possibility” or “place,” the “guess” is a peer-to-peer settlement between two customers concerning the future value of any ERC20 asset.
Just one person that’s proper concerning the value prediction will earn 100% of the opponent’s guess. These transactions are settled for a set length of time which might be as much as 1 hour, 6 hours, at some point, seven days, or 30 days.
All bets on the platform are secured by USDC deposits that the customers make. Logium has solely ten listed tokens on the beta section; nonetheless, they want to decentralize the method of itemizing extra belongings sooner or later. This may make give the customers the ability to determine which tokens are listed.
Putting bets doesn’t incur alternate charges, besides the same old Ethereum community charges. After the guess is settled and brought out of the prize pool to the winner, Logium will get a small charge.
Issues that Logium goals to unravel
Logium is contributing in direction of fixing many points at the moment in crypto. Customers can now bypass KYC and take quick and lengthy bets on any token outdoors of a centralized alternate.
Liquidity is not a problem as customers can take singular bets for every token on Uniswap even when liquidity is low.
Customers may also quick any token of their alternative in the event that they don’t imagine in the way forward for that token. Prime examples are individuals who don’t imagine in the way forward for meme cash, reminiscent of Shiba, Doge, and others. Now they’ll simply “take bets” and quick them utilizing Logium.org.
Inexperienced persons and rookie merchants may also have the ability to commerce with out committing actual cash on the platform.
At Logium, customers commerce immediately from their decentralized wallets, eliminating the “not your keys, not your cash” drawback.
“When buying and selling on CEXs, you don’t have 100% management over belongings; with us, you do.”
Logium Crew
Companions
Logium is not too long ago partnered with StudentCoin (STC), a crypto platform that permits customers to design, create and handle private start-up NFT simply and Defi tokens. STC assists Logium with technical and enterprise improvement expertise and advertising help. Scholar Coin can have a share on Logium’s income, which is able to then be thrown into an STC token buy-back from the market.
How will Logium maintain up throughout market volatility?
Logium has the potential to carry out regardless of market circumstances. Customers can revenue from the volatility of crypto belongings, permitting customers to reap the benefits of crypto’s volatility.
