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New DeFi Record: Value Networks’ Binary Options Grew 350 Times in Three Days

3y ago
bullish:

5

bearish:

2

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It looks like Decentralized Finance is not going to slow down at all: new and amazing success stories in this field emerge with terrific regularity. The new star of the show is Value Network - decentralized Binary options platform based on the Qtum blockchain.

Binary options have been very popular with crypto enthusiasts for quite a while already. So it was expected that the MVP presentation by the Value Network team will cause a surge in the platform’s token - VNTW - exchange rate. But nobody expected that the surge would be that powerful.

Within one day, VNTW token rate on Uniswap grew from $0,011 to $2,3. It is more than 200x! The project got listed on Bilaxy CEX recently.

Value Network is not a new project - it has been around since 2018. Back then Artem Levin launched a crypto-backed loans platform based on Ethereum and its smart-contracts. It wasn’t a flop, but it wasn’t a stellar success either. However, in 2020 Levin saw the potential of DeFi and restarted the project with a completely new idea in mind. And we can safely say that his second attempt was far more successful than the first one.

But why has Value Network gained such attention?

Well, basically, it solves most pressing issues of the Binary options market:

  1. There is no conflict of interest - the platform does not make money on users’ failures - it makes money on fees while users compete among each other.
  2. Value Network is clear and does not try to confuse the user
  3. The platform provides all the data, so users can clearly see how their bet’s probability of success changes over time. Moreover, for an additional fee they can even replace their bet before it's too late.

Therefore, the desire of DeFi enthusiasts to get on board Value Network is more than understandable, so the demand for VNTW token is extremely high.

VNTW is essential for efficient use of the Value Network ecosystem. Not only you can use this token to lower fees on the platform, it also allows you to create new markets, access exclusive markets with especially nice profit nice profit margins and escape losing trade before expiration. Basically, VNTW allows users to earn tremendous amounts - right now it is possible to win up to 35% on a single bet if you play your cards right and use all the capabilities of the platform.

Value Network Future

The Value Network team does not plan to sit on their laurels. On the contrary - they want to leverage their success as hard as possible to boost the platform development. The new roadmap, that will be implemented in cooperation with Qtum - was devised. According to this document, the following features will be added to the platform in the near future:

  • The ability for community members to trade options prior to expiration
  • Staking VNTW and providing liquidity for new markets
  • Mobile application version of the platform

Further development plans include blockchain-based referral system, whitelabel solutions, decentralised insurance and DAO mechanics. Project also plans a new liquidity reward program, “Infinity gains” on Tuesday and Polkahunter Discord (Think.network) on Wednesday.

Just a few weeks ago such a development plan would be too ambitious for any DeFi project. But after 200x growth in one day - it looks quite reasonable. And who knows what will be the next surprise from DeFi.

3y ago
bullish:

5

bearish:

2

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