Velocity
Curated by SignalDecentralized derivatives market on Ethereum
Overview
Velocity is a distributed derivatives platform, they rolled out the first blockchain smart contract on price feeds.The company’s decentralized options platform enables users to enter into a collar option using a smart contract on the Ethereum blockchain. Each party purchases a contract by sending a small amount of ETH to the contract’s Ethereum address. Once accepted by the network, the contract will fetch a starting price from the oracle’s price feed, and run for a period of five blocks. The chart displays time, price, and block number for the most recent Ethereum blocks.The company has also posted a demo that guides users through a simple. Velocity has also developed a Twitter bot that shows when users are speculating if prices will go up or down, providing spectators and market-makers in the digital asset industry the potential for blockchain derivatives for cryptocurrency. Users with the Metamask browser wallet are able to send test Ethereum to the Velocity demo smart contract, introducing spectators to the idea of hedging risk using an open-derivatives platform. The company is planning a crowdsale slated for Q4 2016.
Key facts
- Founded
- 2014
- Headquarters
- Sugar Land, United States
- Stage
- Sign up to view
- Industry
- Financial Technology
- Sector
- Decentralized Finance
Contact
- Primary office
- Sign up to view
