PyrMex is a futures market. You can use it to bet on what the balance of the EthPhoenix smart contract later today.
The contract regularly features multipliers of over 300x.
So take .01 Eth and see! It could be .3 or even 3 by this time tomorrow!
*** WANT MORE DETAILS? ***
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 300x+ (completely unexpected outcome)
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:
Whats ethphoneix.io? >Every time somebody buys or sells an EthPhoenix token, the price changes - 0.2% higher upon buy, 0.2% lower upon sell. If you keep your tokens where they are, you receive 10% from every buy OR sell transaction based upon your current share of tokens. You can convert your current token stash into Ether where it will sit in your dividends pool - your dividends are stored in ETH, not in tokens, so their value remains stable (as long as the ETH price itself remains stable.)
The more EPX one holds, the larger amount of the dividends they receive from the community pot. That also means you make a percentage off EVERY SINGLE TRANSACTION on the contract...buy and sell. All tokens are valued equally, so you can have 100 coins across 100 wallets if you would like without sacrificing any value; allowing you to partial sell too.
>how does this all work together? Once the betting stops on pyrmex.com, the price multipliers are locked in place for 1 hour prior to settlement of the contract. Leverage over 50x is common. In this hour before settlement, the bog houras it has been called, encourages EPX users to manipulate the ethphoenix market in their favor buy buying or selling tokens. As people try to amnipulate ethphoenix.io to buy/sell in order manipulate the market in their favor, the community pot is caught in the middle of this flame war and showers dividends (free eth) onto people holding. This is the most ideal form of passive income and now you can actively manipulate it further in you favor and bet on it while doing it.
This eth wave creates dividends out of volatility for token holders, and there is nothing more volatile than a daily futures market running 24/7 globally. Many user have returned night after night.
Speak for yourself, man. This is money on the table with low volatility levels.
Adam Gutierrez
Minibear, losers.... Minibear.
An easy 2:1 for me tonight! :-)
Oliver Evans
Lol I love this guy. He was one of the first comments on the last one of these threads. does this mangy fuck just hang around Veeky Forums ready to shit on PyrMex? lol what a little shit
Carson Morgan
Lol you're that fucking pajeet that made this exact post a couple weeks ago and samefagged a whole conversation, forgetting to switch your IP all the while.
Still retarded, I see.
Angel Russell
300 x 0 = 0
Samuel Diaz
Woah - I said 2:1. but even after my bet? 2.5:1
Read 'em, and weep losers...
The pot tonight is MINE
:-D
Justin Evans
Nah, ETHORSE is a better investment, you can get good roi from bets.
Andrew Richardson
Pyrmex pot on mini bear is free money, I can manipulate it easily.
He's not the same bloke as has been doing the prior threads, but we've noticed a definite correlation between Veeky Forums threads running and the size of the PyrMex pot. Le simple!
