Daily PyrMex thread:
Yesterday we saw the biggest pot yet at 5.320 ETH!
For those who don't know by now, PyrMex is a futures / guessing game which works with EPX (EthPhoenix) as the underlying asset. (Yes, the pyramid token)
You DON'T need to buy EPX to participate, and none of the funds put into PyrMex are put into EPX (Unless you want them to).
There are 6 pots, Zerobear, Bear, Minibear, Minibull, Bull, and Infinibull, representing different ETH ranges the contract balance could be at the settlement time.
At 5 AM UTC (subject to change as we figure where most players live), bets are closed, and there is one hour for players to manipulate the balance of EPX if they so choose. Yes, you CAN manipulate this if you want - that is part of the game!
Payout multipliers depend on market sentiment, but have ranged from 1.3x (An obvious, easy bet) to 11x (completely unexpected manipulation)
Either way, if you DO hold EPX, you get a nice bonus sack of dividends every single day.
This is the simple explanation, if you want the more in depth analysis of the math and concept, there is a great write-up here:
[time is off in article due to recent daylights savings]