Post
Topic
Board Project Development
Re: Testnet BTC for binary options
by
Bigpiggy01
on 02/05/2023, 15:51:55 UTC
I'm helping develop an onchain binary options system, basically UTXO based defi more or less and am looking for a chunk of testnet BTC to help develop the platform.
Can you tell me if this onchain binary options system project is related with Bitcoin or with some altcoin?
I can send you some Bitcoin testnet coins but it's not going to be anywhere near 300.
If you can send me more information about this project I will gladly review it and consider sending you some.
More testnet coins can be sent if you pledge to return most of them after testing phase is finished.

It's currently in prealpha testing with a single other testnet coin integrated RTM. But that is a different integration model based on time locks. What is planned with BTC/LTC/FIRO and the project own coin is op_return based options taking so deposits to specified addresses with the correct tag on op_return= a position ZMQ timestamping is using on incoming tx for entry against public market data, on expiry it's timestamped again to determine win or loss payments are made on the hour following win or loss determination (if doing some of the very short timeframe options offered may need to wait till hour after full confirmation of TX). So no accounts and 100% transparency.
It's not revolutionary but a "defi" option on native BTC and we're opensourcing the parsing/matching engine 12 months into being 100% live.
And yes I will happily send back Tbtc or refill a faucet of your choice once done with the tbtc aplha.