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nanomatic.io
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NanoMatic: A Deflationary Matic Rewards Token for OptDex, The First Decentralized Options Exchange
Abstract
NanoMatic is a deflationary Matic rewards token on the Binance Smart Chain, offering a state-of-the-art rewards distribution mechanism that provides users with 10% Matic rewards on both buys and sells. The token will serve as the form of currency of OptDex, the first-ever decentralized options exchange. This whitepaper outlines the development process for NanoMatic and OptDex, including proof of concept, smart contract development, blockchain integration, dApp development, tokenization, DeFi integration, governance, cross-chain interoperability, and adoption.
Introduction
NanoMatic is designed to serve as the form of currency for OptDex, allowing users to buy and sell calls and puts (longs and shorts) of their favorite cryptocurrencies using NanoMatic. The platform will feature an escrow service that holds the users' crypto who sells the covered calls or puts on the open market. The options will expire worthless unless exercised, resulting in the escrowed crypto being purchased at the strike price if in the money. With its state-of-the-art rewards distribution mechanism, NanoMatic offers users an attractive incentive to use OptDex, increasing adoption and contributing to its success.
Development Process
The development process for NanoMatic and OptDex will consist of the following steps:
Conclusion
NanoMatic is a deflationary Matic rewards token that will serve as the currency for OptDex, the first-ever decentralized options exchange. The development process for NanoMatic and OptDex involves building a proof of concept, developing the smart contract, integrating with the blockchain, developing a user-friendly dApp interface, tokenization, DeFi integration, governance, cross-chain interoperability, and adoption. The team is committe
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