Betting on Future Prices of Tokens – Logium’s Core Offering

The crypto market is replete with thousands of projects and tokens, all claiming to solve one problem or the other. According to the leading crypto analytics website, CoinGecko, over 13,400 digital assets are actively trading.

With the price of these tokens set to fall or rise abruptly, no thanks to the volatility of the market, you can make huge funds by betting on the future price outcome. How? The Logium Platform.

The Logium Platform

Logium is the first platform to allow users to long and short all tokens on Ethereum blockchain. As a decentralized market for derivatives, Logium aims to solve an existing DeFi problem—low liquidity on small assets.

With this decentralized platform, you can bet on the possibility that the price of a token will rise or fall, in a specified period. Logium allows the use of multipliers to predict the future outcome of digital assets, and makes the winner a tad bit more profitable.

This highly anticipated platform launched on Monday, July 11, 2022.

Per the project document, Logium does not hold users’ assets. All trades on the platform are transparent, P2P-based, and available for viewing at the decentralized contract infrastructure.

How Logium Works

Logium incorporates a peer-to-peer [P2P] betting mechanism that allows users to trade and leverage assets from the Uniswap decentralized exchange. On the Logium platform, you can conveniently trade short and long bets on over 500 unique cryptocurrencies.

The “options” feature, colloquially known as “bet”, is another remarkable tool of the Logium platform. It is a P2P-based consensus between users about the possible future price of any ERC-20 token. Logium enables users to place bets against themselves—one user must pick from the divergent options—a rise or fall in price.

Like most traditional bets, there is only one winner on Logium. Each winner takes 100% of the opponent’s bet amount. There is a fixed bet duration of one hour, six hours, one day, seven days, and thirty days.

Users must agree on the amount and duration to successfully place a bet.

Advantages of Logium

Logium is superior to other traditional and decentralized trading platforms.

First, it is genuinely secure. The Logium smart contract has undergone an audit by a leading blockchain security company. This audit points to a safe, secure platform immune to malicious attacks.

Secondly, Logium does not require users to undergo the KYC verification exercise. This facet is in harmony with the Logium team’s primary goal of safeguarding users’ personal information, in case of an attack.

Finally, Logium is transparent, P2P-based, and allows users to short and long tokens with little liquidity—an unprecedented feat in the crypto space.

How to Get Started on Logium

Getting started on Logium is straightforward.

1. Connect a wallet on logium.org. At the moment, you can only connect the MetaMask wallet to Logium. Currently, the team is working on adding several wallets like Coinbase, Wallet Connect, Portis, and Formatics.
2. Choose a token. While there are just ten tokens to choose from, the Logium team is adding new tokens from Uniswap daily.
3. Users must then pick from a series of bet options. Logium allows you to create new bets. It doesn’t end there; you can increase your winning through the leverage feature.

Logium takes things up a notch by introducing a demo account for users to acquaint themselves with the betting process. This account allows you to learn about the market, sharpen your trading skills, and place bets risk freely on Rinkebly Network.

The Logium platform aims to deliver a fully functional and secure platform where you can conveniently bet on the possible price outcomes of tokens. Riding on the principle of transparency, P2P, and security, Logium is offering users an opportunity to earn from price fluctuations in the market.

Visit the Logium website now to get started.