ACO (Auctus Crypto Options) - tokens (Auctus Crypto Options) - tokenized options that give their holder the right to buy or sell an underlying crypto asset at a specified price.
Contents:
The whole point of the ACO app
Auctus - a non-custody, decentralized options protocol, built on top of Ethereum, that allows users to trade, mint and execute in a trustless and decentralized manner without relying on any third party.
ACO tokens - American-style options, allowing the holder to exercise them at any time before they expire. Fulfillment is not automatic and settlement is "physical" as the underlying is transferred and delivered. Each token variant has its own smart contract, and the symbol contains key information about its option. The game token symbol consists of four parts:
| 1 | Underlying asset symbol. |
| 2 | Initial price and initial asset. |
| 3 | Option type, P or C, on a put or call. |
| 4 | The above symbol represents a call option on ETH with a strike price of $ 200. |
The buyer of one project token has the right to buy one ETH for $ 200. Anyone can become an author of options and mint one token, blocking 1 ETH as collateral in a smart contract. The security of the Auctus protocol - a top priority for developers. To ensure the highest security, Auctus protocol smart contracts have been validated by Open Zeppelin and rigorously tested internally. The project also has an ongoing bug bounty program where community members can report any bugs or vulnerabilities.
Additional information
For more information refer to:
- twitter;
- read the Whitepaper.
On the channel you will also find information about promotions and draws of the project. Moreover, subscribe to take part in various competitions of the project, chat with other users and find out more information.