Oction

1. Summary

Ranks

Liquidity

-

Developer

-

Social

53

Momentum (beta)

0

Stack Rank™

-

Price

$0.000040140000 0.0%

Market Cap

$30,428.00 (#8547)

Supply

/

Tags

More Metrics

Price
52W High price	$0.004501679000
52W High date	1st Mar 2022 (2 years ago)
All Time High (ATH) Date	4th Nov 2024 (3 months ago)
All Time Low (ATL) Date	4th Nov 2024 (3 months ago)

Supply & Trading Volume
Trading Volume (24h)	$1.00

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Description

Oction: The World's 1st CeDeFi Options Trading Platform

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Oction: The World's 1st CeDeFi Options Trading Platform

Oction is a trailblazing CeDeFi options trading platform built on the Binance Smart Chain. It democratizes access to options trading, allowing even the unbanked to participate. The platform eliminates middlemen, offering lower fees and more option types, while ensuring zero data or market manipulation.

Oction operates on a democratic framework, providing full transparency of transactions and trade settlements on its blockchain. This decentralization removes the need for intermediaries, allowing for a cumulative reduction of fees such as FX, admin, withdrawal, and deposit fees. Additionally, it prevents disruptions and interventions, ensuring that users are in full control of their trading activities.

The platform allows writers to stake in a liquidity pool, earning premiums from every options contract purchased, while buyers can benefit from discounted premiums and free access to the Oction Positional Shield. Token holders can participate in the staking process to earn further premiums.

Oction's option types include American and European options on various assets, and it offers an insurance product called the Oction Positional Shield, which permits users to salvage a portion of their premium even if an option contract is out of the money. Its native token, $OCTI, provides additional benefits for holders in trading and liquidity contributing processes.

Oction's innovative architecture ensures that transaction fees can be as low as $0.25, making options trading more accessible to a broader range of users. This pioneering approach leverages smart contracts to secure trades, providing users with greater security and control over their transactions.

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