First Crypto Futures Market

Pyrmex.com is the first crypto futures market ever. Why is this a good idea? Well how does leverage over 50x sound? That's right, you can 50x your bet if you are smart.

>okay im listening
Pyrmex is the futures market for what is called ethphoenix. Its found here:
>Ethphoenix.io.
Users placing bets within pyrmex.com and bet on the future eth in contract of ethphoenix.
Here's how it goes down. Once the betting closes at a set time, the pot is still "hot" for one hour until settlement occurs. In this time, people are ENCOURAGED to buy and sell ethphoenix to manipulate the market in their favor to win their bet. Last night pyrmex was updated so that lower volume mico-dolphins would be able to manipulate that market easier.

>Why is this good for ethphoenix.io token holders?
Holders of EPX will receive 10% dividends off of every transaction made on the ethphoneix smart contract; yes both buy and sell. So as people frantically buy and sell to make their bet work, holds passively take 10% of their entry and exit value. These are dividends.
Right now, with about 40 coins, I make 1.5 dollars off ever ether thats comes in and out. Last night I made money sleeping.So not only am i offering you on the the best forms of passive income out there right now, im also telling you you can now bet on it's outcome.

>If you think im full of shit
then just short the futures mate. No need to get pissed. The contracts are not linked, so money being bet is not sent in ethphoenix directly. Though many previous winners have reinvested immediately.

Good luck & happy betting. This is the new era.
>pic related

Other urls found in this thread:

cointelegraph.com/news/how-will-a-100-mln-grant-help-ethereum-scale
lmgtfy.com/?iie=1&q=vigorish
twitter.com/NSFWRedditGif

Didnt read lol

>mfw big players in ethphoenix can manipulate the outcome in their favor easily
>mfw they're betting as well
>mfw you lose no matter what

how did you even get here then?
First crypto futures market ever with open and encouraged market manipulation.

why would I short if I know nobody will buy or sell?

>mfw the big players can't agree on whether to buy or sell.

I get to bet on this faggot pyramid scheme failing like every other scheme out there. Easy money.

this is from march 1-today.

you honestly believe this is stagnant mate?

forgot to attach pic.

these hips swing dog.

from 84 to 87 on a good day

Bitmex is a futures market so wtf are you talking about?

I guess he meant futures for this ponzi piece of shit lol

>guys please give us volume

The absolute state of Veeky Forums

no no, you dont get it mate. We make 10% UP and DOWN. Do you even understand how much money that is?

This!

Its so easy to manipulate why would anyone do this.

I mean, I guess it works for you if you follow the whales or have some shekels in already.

Fuck it, I've just tossed in a few finney and shorted these idiots - can't lose over the long run

because you get fucking free money everytime they try to manipulate. Read before you post

>people buy epx to manipulate bet
>people sell epx to manipulate bet
either way im making 10% of their choice.

Put your money where your mouth is faggot.

Thanks, just bought 100k

he wont, but i already have

to clear up some previous confusion.
Ethphoenix.io is a different front end to the same contract that ethpyramid.io is on; one snake with two heads.

The more known, ethpyrmaid.io, has even recieved medai attention in the past couple weeks.
>cointelegraph.com/news/how-will-a-100-mln-grant-help-ethereum-scale

basically, skelly man wants to give our devs money.

>shorting crypto
kill yourself jew

edgy as heck!!!!!

it's not crypto it's some pajeets that want your money

>made solely by anons on Veeky Forums
>started on Veeky Forums
>crowd source funding for an ad campaign from anons
>lead dev is fucking Irish

pajeets? oh sorry you must be thinking of powh.com...or maybe its another domain...hard to keep track of all their silly errors.

bump

vig is going up soon anons. get in or pay the penalty...

Ehh this seems pretty interesting.

Can confirm am Irish

Does this make me a Euro-pajeet, user

What the fuck is vig?

lmgtfy.com/?iie=1&q=vigorish

Spoon feed for normie pls

It’s the house take for a bet. In the context of PyrMex it is what the contract uses to seed future rounds of betting.

The vigorish has been changed to a progressive model to encourage earlier betting: now, for the first four hours, there is a zero vigorish on any wagers, and this increases stepwise up until a few hours before closing at 14.3%.

You can view this as a “tax” you pay for additional market information, but the dual view is to consider the 14.3% vigorish as standard, and the reduced amount at previous stages as a “bonus” for betting earlier and incentivising other bettors into the pot.

Hope that helps!

If a futures market opens at 0 on all sides no one will be incentivised to make that first bet, a vigorosh is harged by the bookmaker (in this case the pyrmex site) to bet 0.1 on either side, this insures that even if NO ONE else bets, you can make a little bit of money betting against pyrmex.

Nope, Vigorish =/= house take.

Vigorish is an amount collected by the house though, as a percentage of each bet placed, and a small portion would become the house take after expenses.

The largest percentage of the Vigorish collected is used to preseed the available betting pools, so that 'odds' exist when a betting session first opens.

You’re right, of course. Some of what I meant to convey got lost in the “spoon feeding to normies” translation. Thanks for the correction!

bump

what about BitMEX tho

Have there been a lot of manipulation in earlier rounds?

I made some bull beta and got some ETH ready to manipulate with if needed.

How large amounts have been used in earlier manipulations?

Can confirm it is ez moneys on bull bets

Gooo bulls! This shit is fun, looks like a clear win

Is there any discord for pyrmex?

he first pot was near 5 eth. Ive seen some tx keyed at very exact timing to allow them to bet 30 seconds before settlement. It kind of turns into a blockchain drag race of transactions as everyone tries to get manipulate the last minute

discordapp doot com slash invite slash RBmk4Sr

But they tried to make it harder with manipulation right?
Before there was always a fee to gamble and now there is 0% fee in the start and then it becomes higher at the end?

Yes. the newest variant has a smaller betting blocks to allow little fish to manipulate the market too . Ill be very interested to see how it goes tonight. A whale could very easily always bet mega-bull and dump day after day making a literally living doing it.

bump good lord

How do you cash out the epx and it's dividends? I've made about 1eth from the buy and sell dividends and I wouldn't mind taking that profit

You go to the site, click 'Sell' (converting your tokens to dividends), and then 'Withdraw' (pulling your Ether back into your wallet).

A chimp could do it, bruh

>guys buy my bags
>please guys we made something
>please

these threads are pathetic

>Selling before pyrmex in a couple hours

Dude, just wait and try to short the coin tonight on Pyrmex.com. bet on bear and good luck! Its gonna be hot