Logium — a DeFi platform for betting on the future price of ERC20 tokens.
How does Logium work?
Logium - the first decentralized (DEX) platform that allows you to bet on the price of any token, available on Uniswap on the Ethereum network. Using Logium, you can open long and short leveraged tokens.
At Logium, you trade directly from your decentralized wallet. This is an important step towards the safety of your funds, because when using other leading centralized exchanges, you do not have full control over your assets. Placing a bet is free. Logium only takes a small commission when the bet is settled and it is paid out of the winner's prize pool.
More about gameplay
A "bet" is a peer-to-peer agreement between two users on the future price of any ERC20 asset. In the system, users place bets against each other, where one user predicts the price will go up and the other predicts it will go down. Only one user who makes a correct price prediction wins and earns 100% of the opponent's bet.
Bets are settled after a fixed period of time. It can be 1 hour, 6 hours, 1 day, 7 days or 1 month. The user can place or accept a bet. After the bet is made, it is entered into the Logium list and awaits the player. Then another user can see it and decide to take it.
Main sections:
| TYPE | The green arrow indicates bets up and the red arrow indicates bets down. The placed bids — the ones you have created yourself, and the accepted bids — the ones you have chosen in the marketplace. |
| MULTIPLIER | Also, known as leverage. The multiplier shows how much you can win, relative to your deposit (bet size). The higher the multiplier, the more you can win and the riskier the bet. |
| STRIKE PRICE | The price of the token (expressed in USD) indicates who wins the bet. For up bets, the final price must be higher than the strike price for the bet to win. For down bets, the final price must be lower than the strike price for the bet to win. |
The "Active Bets" window displays the bets that are active and waiting to be resolved. On this tab, the user can see which bets he is currently participating in and the status of these bets. The “Pending Bets” view shows the bets that are waiting to be activated by the receiver.