Operations on Bitcoin provided by Coinpaprika
As part of the Deriv.Ex project you will find here the general functioning of NegativeCoin, our first token correlated on a short position of bitcoin in absolute value.
The concepts and general idea of the project.
The general idea of absolute correlated tokens is the following. Our tokens have a price of their own, but their basic variation subject to the law of supply and demand, are also subject to the laws of supply and demand of a monopoly situation. We can ... thus create customised token prices. Let's take a simple example:
Suppose we have a token X that would be correlated to a cryptocurrency Y in order to hold a short Y position.
NegativeCoin [NGC] is a token based on Ethereum blockchain. The most actual price for one NegativeCoin [NGC] is $0. NegativeCoin is listed on 0 exchanges with a sum of 0 active markets. The 24h volume of [NGC] is $0, while the NegativeCoin market cap is $0 which ranks it as 'no rank' of all cryptocurrencies. You can find more information about NegativeCoin [NGC] on derivex.net
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