VeChain (VEN/VET) Call/Put Options, Hedging: 31 Dec 2018
The winning option will be the bracket containing the last USD price shown for VeChain (VEN) according to Coinmarketcap, at the end date and time of this market - that is at 23:59:59 UTC on 31 Dec 2018.
Prices in each bracket range are inclusive - that is, a price of exactly $4.00 or $4.99 will both fall within the $4.00-$4.99 option.
NOTE: This market applies to both the VEN ERC-20 token of VeChain and VET token after the ongoing token swap of July/August 2018.
All prices referred to here are prices for VEN (the ERC-20 token) because that is what is listed on Coinmarketcap at the time of market creation. However, since 1 VEN = 100 VET after the token swap, the VET price can be calculated by dividing the VEN price by 100.
So for example, a VEN price of $2.50 will equate to a VET price of 2.50/100 or $0.025.
The market will operate identically whether your calculation is based on VEN or VET - for example, you will choose the $4.00-$4.99 option above if you think the VEN price will be between $4.00-$4.99 (or the VET price will be between $0.0400 and $0.0499) at the time this market expires.
Open interest (ETH)
Open interest (USD)
This market is not yet available to trade on Veil.