Dogecoin Options Officially Released!
FOTA.com now officially supports the use of everyone’s favorite Shiba Inu coin dogecoin. You are now able to deposit Dogecoin onto the platform to use as collateral for our option products. What does this mean for Dogecoin supporters? It means you are now able to make significant Dogecoin returns even in a bear market. Let us explain:
What are (OTM & ATM) options?
ATM(At the Money): An option whose strike price equals the spot market price of the underlying asset.
On 27th December, FOTA.com, the next generation cryptocurrency derivatives trading platform, officially launched the…medium.com
OTM(Out of the Money): A call option with a strike price that is higher than the spot market price of the underlying asset, or a put option with a strike price that is lower than the spot market price of the underlying asset.
On 10th January 2019, FOTA.com officially launched FOTA European OTM Options.medium.com
How to trade?
Trading OTM and ATM options is a very simple process and on FOTA.com, it only lasts a minute. Yes, one minute. These options carry high risks but can also lead to substantial returns as shown by the chart above. Below are two videos on how to trade on FOTA.com.
What does this mean for Dogecoin Supporters?
As far as we are aware, we are the first derivatives platform to offer options on Dogecoin. We understand that the greater community looks at Dogecoin as ‘fun’ currency. These options will bring legitimacy to Dogecoin by allowing users to make significant profits no matter the market conditions. Also, as a cryptocurrency holder, who doesn't want to have the ability to make more tokens using gamified options. Much Options. Such Amaze. Such Change.