PyrMex is a futures / guessing game which works with EPX (EthPhoenix) as the underlying asset. The two contracts are separate in that 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). Though I would recommend you do... heres why
Pyrmex futures were created to induce huge volatility in the ethphoenix smart contract and has done so quite well. Volatility is good for the phoenix because EPX holders earn a cut of of EVERY buy and sell from the contract. To be clear, 10% of every transaction that goes into ethphoenix contract land in the community pot. This pot is then distributed to each coin holder accordingly in the form of dividends; earn eth by holding coins! Not to mention the value of the coin itself is mooning. >pic related
Buy EPX and walk away to ern passive income for life or bet on futures to make huge short term gains or do both!
At 6 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!
There are 6 pots, Zerobear, Bear, Minibear, Minibull, Bull, and Infinibull, representing different ETH ranges the contract balance could be at the settlement time.
Payout multipliers depend on market sentiment, but have ranged from 1.3x (An obvious, easy bet) to 20x+ (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:
Devs are working on a new feature for EthPhoenix in conjunction with the other madmen and fools that make up the team. Instead of using a countdown, or blithely going "oh here you go, here's a new thing", we thought it might be fun to offer some prize money for solving a puzzle.
The rules are simple. Crack the puzzle, and receive 0.7 Ether in a wallet along with the details announcing the new feature. It's then up to you to decide whether to leak it to Veeky Forums, or sit on it for yourself.
The final clue will come out at some point in the next 24 hours (likely earlier), and you'll know when it's all out in the wild. You've got some work to do before then. Current clues are scattered around the official channels.
!!! YOU DO NOT NEED TO BUY IN TO EPX TO ACCESS ANY CLUES !!!
Thanks, I have been betting some on the pyrmex futures but this clarified some confussion from my side!
Juan Smith
its just economic chicken and a futures market all wrapped up in huge riddle with a cash prize. No big deal. ;)
Matthew Smith
You've been shilling this a lot and if you want to get people to get interested in it, make a video that explains how to make bets there
Ethan Hughes
Why do all these comments seem fake
John Rodriguez
its pretty straight forward user, you only need a metamask account to play. Is there something specific you had in mind?
We had our biggest pot yet this past weekend at 5.3 eth so i video or not, interest is already present. That being said, this project has only been out for a week. You can check the history tab on pyrmex.com for past pot info.
Luis Murphy
bump ethphoenix.io shot over 300 eth in contract last night after pyrmex settled. Imagine the daily volatility that can come from this! its an ether fountain
How, the youtube video clearly has "EthPhoenix" in the title.
I go to EthPhoenix site and see the same bird logo in OP's post.
???Maybe Im retarded or this shit looks shilled by a bunch of autistic pajeets
Jack Parker
The pyrmex futures is played with the eth phoenix smart contract as underlying asset.
You bet on how much ETH u think will be in the smart contract when the futures end that day.
Luis Stewart
if you looking for the scam coin, id suggest powh.com. Craig can tell you all about them.
Additonally, beyond just pointing and screeching, can you articulate what it is about either of these two project, ethphoenix or pyrmex, that is a scam?
Adrian Williams
You serious, youtube link.
Explain why this man is posting videos about your coin.
Ryan Hughes
>videos >plural >only mentions ethphoenix once while simultaneously shilling its competitor >expecting me to explain anything craig grant does
only Craig knows what Craig does...furhtermore i watched that shit-tastrophy and all he said was that its looked better made than proceeded to keep shilling that POS powh coin. Lastly, ever heard the expression that even a blind squirrel finds a nut? Like does ethereum suck too because he has some? the dividends from ethphoenix are all in ether...Do you not like ether?
Jayden Martinez
to be fair, im positive Craig knows what Craig does. More of a wild card than anything. Anyway...I thought he took down all his videos.
Matthew Anderson
Yeah, these dudes probably should make a video at some point about how to use their website
Jace Stewart
bump
Ian Long
He's right though user. That'll help with a wider audience. Chuck it up on Dtube and spam it here. As a bonus you earn coins from the video to buy more EPX!
Liam Martin
someone who knows what they are doing is making a proper video. In the mean time, ill keep playing pyrmex for eth
Nathaniel Baker
Just bought infinity bull and will buy phoenix tokens tomorrow before settlement.
