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Opium Network Review

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Average

Revainrating 4 out of 5  
Rating 
3.8
Crypto Exchanges

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Revainrating 4 out of 5

Opium Organization: Trade whose raison d'être is subsidiaries

Since the formation of brilliant agreements have arisen an endless number of highlights that can be utilized in the trade houses to make new types of advertising dependent on digital currencies, one of these modalities are the subordinate agreements where there is a triumphant and a losing party.  They depend on brilliant agreements that at a fixed time the state of the agreement will be executed. For instance, you could make a subordinate hidden the cost of the dollar at a specifi

Pros
  • Produces liquidity with subordinates
  • Makes it simple to exchange and make subordinate market contracts
  • Sponsored by a few organizations
  • Great accomplice organizations
Cons
  • Web with minimal indispensable data about the task.

Revainrating 4 out of 5

Opium Network: Exchange whose raison d'être is derivatives

Since the creation of smart contracts have emerged a countless number of features that can be used in the exchange houses in order to create new forms of marketing based on cryptocurrencies, one of these modalities are the derivative contracts in which there is a winning and a losing party. They are based on smart contracts that at a fixed time the condition of the contract will be executed. For example, you could create a derivative underlying the price of the dollar at a certain time and…

Pros
  • Produces liquidity with derivatives
  • Makes it easy to trade and create derivative market contracts
  • Backed by several companies
  • Good partner companies
Cons
  • Web with little vital information about the project.

Revainrating 3 out of 5

Opium: Global Partner working as an Open Protocol

More than a project, Opium is a digital platform with a great protocol yet to be known by more users around the world. As this project is global, the company expect that millions of traders can join the platform and share with the world some of the gold opportunities they offer. Firstly, this platform is mainly centred on the blockchain world and how it permits the creation of safe transactions that cannot be changed. Secondly, the platform offers a clean roadmap with amazing goals. Most of…

Pros
  • This is a company with a nice view and a great translation system. The content can be viewed with any issue.
  • The project offers tools and resources for new developers.
  • It has a clean and clear roadmap. The goals have been highly discussed by the community.
Cons
  • This project is not centred on financial aspects, although it gives attention to the value of the development. However, the company should be more integral. There are no other negative aspects to consider.

Revainrating 4 out of 5

decentralized futures exchange.

The purpose of this exchange is to create a trading platform for futures markets based on a decentralized exchange, all smart contracts were created on the ethereum network (the codes used are available to be audited by anyone since they were created to run on ethereum ). The contracts are backed using ERC-20 tokens, taking into account the oracles that are compatible to set prices, it is also fully decentralized. Something complicated to use especially for inexperienced users, in…

Pros
  • Decentralized derivatives market.
  • Currently there are not many decentralized products that offer these services.
  • Anyone can create and manage derivatives using the allowed parameters.
  • Backups are made in ERC-20 Tokens
Cons
  • Difficult to use for new users.
  • Fees are expensive in some cases due to congestion on the Ethereum network.

Revainrating 4 out of 5

Trading derivatives markets and DeFi products

Developed by a self-financed company, it has a centralized network as a basis for the ecosystem to be sustainable, this as the governance network is implemented that allows users greater liquidity after greater creation of derivative contracts thanks to its protocol, In addition, its exchange service and Swap rate are the main function of the platform. The Opium exchange is an ecosystem that serves for users to trade a large number of derivative products openly, which together with the Swap…

Pros
  • Any user can use Opium to build and launch decentralized financial derivatives contracts
  • Designed to be combined with DeFi markets and traditional financial markets.
  • It has interoperability between chains.
  • Includes a fee mechanism that charges the for-profit trader a small commission per traded derivative contract.
  • Its protocol is compatible for use by various decentralized applications.
Cons
  • Its development in the Ethereum network can create network congestion given the high commission for token transfers.
  • Very little technical information and use of the native token.
  • They are in full development.
  • It is not adapted for inexperienced operators.