Pricing Contracts

We plan to deploy two pricing contracts on Nidus.

Spot Price Contract

Updated every few seconds with the latest spot price:

https://testnet-explorer.sparrowex.com/account/0x1cf532024a8106c04824f9138117c76aa81cf736 Settlement Price Contract

Updated once per day, to be used as the reference price for the settlement of Sparrow Options

We will publish these smart contracts for price transparency and immutability.

You will be able to independently check the daily settlement price applicable to Sparrow Options that expire on a particular day.

Our pricing contracts are designed so that prices cannot be overwritten or backtracked. Once a price is written to the smart contract, Sparrow Exchange cannot backtrack and change the pricing later. This ensures that all Sparrow Options are fair and transparent.

Regulation

If you are keeping track of things in this space, you would know that there have been changes to the Securities and Futures Act of Singapore. Being domiciled in Singapore, we take a serious view on compliance. One of the things we have to do is ensure our materials are not just compliant at the time of publishing, but also when the laws are amended. Thankfully, after careful consideration by our legal team, we are clear to continue on our development and business path. We look forward to serving you once our platform is live and ready. Till the next edition, see you soon!

About Sparrow Exchange

Sparrow Exchange is the world’s first peer-to-peer options platform. It offers fully customizable options on cryptocurrencies with no counterparty risk in an easy-to-use interface.

Website: https://www.sparrowexchange.com/

Telegram: https://t.me/SparrowExchange

Telegram Announcement: https://t.me/sparrow_ann

Twitter: https://twitter.com/sparrowexchange

Facebook: https://www.facebook.com/SparrowExchange/

Medium: https://medium.com/SparrowExchange