Hxro is a cryptocurrency trading platform for derivative contracts. The platform makes crypto derivatives trading easy and enables users to express their opinions on pricing, hedge risk, and trade on digital asset markets. The Hxro platform combines cryptocurrency trading with skill-based online gaming.
HXRO is the Hxro ecosystem's network token.
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What Is Hxro?
Hxro is a cryptocurrency trading platform for derivative contracts. It provides a perpetual time-based digital derivatives market for financial enthusiasts in the cryptocurrency space and allows them to convey their pricing views, hedge risk, and trade digital assets.
The platform is a decentralized liquidity network for risk-based applications and provides core exchange, risk, and settlement infrastructure for professional-grade financial applications.
Hxro aims to provide an innovative way of trading digital assets by combining elements of traditional financial markets with characteristics of social gaming.
The marketing team boasts of the unique attributes and leverage Hxro offers, such as:
- Simplified Trading
- Technology and Liquidity
- Fast and Global reach
- Parimutuel.
Parimutuel is a unique feature that creates a wide array of payoff possibilities for the Hxro user base, with Hxro aggregating all positions into a liquidity pool with winners (in-the-money positions) sharing the pool at expiration. Hxro runs on the Ethereum blockchain.
HXRO Token
HXRO is the Hxro platform's native protocol token. It's an ERC20 token used for paying transaction fees, unlocking rebates, rewards, and acquiring platform achievement levels, status, and privileges. HXRO, BTC, ETH, and USDT are digital currencies used for trading on the platform.
Users can also earn HXRO rewards by actively contributing to the HXRO Token Network.
HXRO also serves as a governance token, allowing people to stake their tokens to participate in voting on changes to the network.
HXRO Founders
Dan Gunsberg is Hxro's CEO and has co-founded the company along with Rob Levy, Danny Johnson, Lawrence Richardson II, and Greg Zanotti. The co-founders have trade, banking, professional poker, software engineering, and data analytics expertise.
Hxro is headquartered in Hamilton, Bermuda.
The company has raised over $49m from 13 investors since its inception.
How Does Hxro Work?
The Hxro platform aims to make crypto option trading fun by gamifying crypto options trading and adding some additional features.
An essential feature of Hxro is that its core MoonRekt product is parimutuel. HXRO’s MoonRekt contracts (derivative contracts) are peer-to-peer and use a parimutuel model to determine contract payoff, creating an unprecedented degree of transparency, fairness, and payoff possibilities for users.
Parimutuel technology brings trading down to a simple question of higher (MOON) or lower (REKT) and a simple payoff mechanism in which out-of-the-money positions pay in-the-money positions. Hxro’s MoonRekt contracts allow traders to take bullish (MOON) or bearish (REKT) positions in the most familiar and common technical time frames: 1-minute, 5-minute, 15-minute, 1-hour, and 1-day.
Each MoonRekt time frame runs perpetually, with the expiry of one contract marking the start of the next contract. At contract expiration, in-the-money positions share the total pool on a pro-rata basis.
Hxro is integrated with real-time cryptocurrency pricing data from the world's most liquid cryptocurrency exchanges. It uses real-time streaming price feeds for commodities, FX, and equity indices from the leading global liquidity providers. All platform index pricing is independent, and price feeds cannot be influenced by the exchange.
The Parimutuel Protocol runs on the Solana blockchain network. Solana's high throughput, trustless global ecosystem, and quick settlement times allow parimutuel to match and outperform traditional use cases.
Where Can You Buy HXRO?
The top cryptocurrency exchanges for trading in HXRO stock are currently FTX, Hoo, Hotbit, LATOKEN, and ZT.
Visit the market page on CoinStats to view the exchange platforms supporting OMG.
