Review on Auctus by LUIS RIVERO R
This project is in the expansion phase, it could have a rebound in its use.
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This project has been in the market for more than two years, it has a decentralized protocol for selling futures in a simple way (in theory). Each ACO issued token has an internal value linked to a specific cryptocurrency in which that token was issued and characteristics of the purchase and expiration of that contract are provided.
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Why is it convenient?
In short, due to its decentralized services and not asset custody, the user will never lose custody, and all donations are managed in smart contracts for now only available in Ethereum and Binance Smart chain.
When using the options protocol, you only mint decentralized tokens that will give you the option to buy or sell only if the process managed at that time is fulfilled, that is, if the price increases and your option to buy may lose value or gain according to winning and receiving the benefits for the operation.
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The development model of this project is novel and easy to use for most of the people who are just starting to use put / call options (futures) but decentralized. New and innovative ecosystem, I think it will give a lot to talk about in the coming months.
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Pros
- Currently available on the Ethereum and BSC network. ERC20 and BEP20 respectively.
- There is no custody of assets, no stored or centralized data.
- Contracts verified by third parties.
Cons
- Currently it does not have much presence in the market.
