1000x leverage, a zero-LP cold start, winners get their margin back instantly, and liquidated losers receive a PAPER airdrop. This is a pretty bold concept.
The protocol itself takes the other side of every trade instead of matching longs and shorts. Profits that can’t be paid out become public claims, and later losers fill the gap in exchange for tokens.
At its core, this is casino logic, not a regular exchange. The initial launch only supports $BTC and $ETH perpetuals. With 1000x leverage, even a small price swing can easily trigger liquidation.
Trading doesn’t go live until the 10th, and there’s no word yet on an audit or public contracts. The risk-reward looks too poor to enter now, so I’d wait and see.
Do you think this “losers subsidize winners” model can survive its first extreme market move? Comment 1 if you’re bullish, or 2 if you think it’s bound to collapse.
#Write2Earn #BinanceSquare #BTC PerpDEX #TradingTournament
The protocol itself takes the other side of every trade instead of matching longs and shorts. Profits that can’t be paid out become public claims, and later losers fill the gap in exchange for tokens.
At its core, this is casino logic, not a regular exchange. The initial launch only supports $BTC and $ETH perpetuals. With 1000x leverage, even a small price swing can easily trigger liquidation.
Trading doesn’t go live until the 10th, and there’s no word yet on an audit or public contracts. The risk-reward looks too poor to enter now, so I’d wait and see.
Do you think this “losers subsidize winners” model can survive its first extreme market move? Comment 1 if you’re bullish, or 2 if you think it’s bound to collapse.
#Write2Earn #BinanceSquare #BTC PerpDEX #TradingTournament