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OnederX Platform Starts Selling Memes Futures For BTC

17:59 29/03/2019
OnederX Platform Starts Selling Memes Futures For BTC
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OnederX, an Estonian platform for cryptocurrency derivatives, launched trading with “meme indices” for bitcoins. This is reported on the company’s website.


The exchange allows speculating on memes and earning cryptocurrency. OnederX derivatives resemble futures, but instead of indices like S&P500, they are based on the popularity of Internet memes. Traders can bet on whether people’s interest in funny pictures will increase or decrease and make a profit in case of a successful forecast.


OnederX offers trading not with specific memes, but with their composite index. The system searches for the top 25 images from Reddit, then sums up the number of votes, and processes the results.


To trade the perpetual contract on the meme index, users must register on the exchange and put some bitcoins in the account. It is noted that the futures under the ticker MEMES-BTC are available for trading with 20-x leverage.


According to the OnederX team, they wanted to bring not only new assets but also new feelings to the trading.


OnederX is a part of Wunder Fund, serving as a liquidity provider for nine exchanges in Europe, Asia, North and South America. The company has more than 5 years of experience, and its daily turnover amounts to $200 million.


Recently it has become known that the largest Russian social network VKontakte is planning to launch its token. RNS reported this, referring to a source, familiar with the matter. Users will be able to receive coins for their activity, and also share them with the author of the post by liking it. However, the company has not yet confirmed the information.


Previously, the Paytomat processing was looking to attract 100 BTC during the first IEO in Eastern Europe.

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