Post
Topic
Board Tokens (Altcoins)
Re: [ANN]🔥💲[100% Bonus] ETHORSE - A working dApp to bet on the price of crypto💲🔥
by
Sword555
on 14/01/2018, 19:30:24 UTC
Shame I missed this ICO, love the concept of betting on other coins. Two questions though -

1) What would the difference be in betting the price difference vs simply buying the coin? Would it mainly be similar to a type of futures leverage?

2) Where can I buy ETHORSE post-ico? EtherDelta no longer loads for me and I cannot find on CMC.

Your first question was my exact first thought when I heard about this project, but the longer you think about it the more obvious the differences are. You might hope for 20% gain in a day by holding a token, but if you bet on that same token and it did get that 20% gain and ended up outperforming all the others, you win everyone's ETH that bet against you. So if you put 1 ETH on it, and 50 people put 1 ETH on other cryptos to bet against you, you win 50 ETH if you're the only one betting on the one you chose.