GRIN futures available now

Receive 175000 MOON tokens for trading better than others

Overview

$GRIN is a new cryptocurrency based on MimbleWimble protocol. It is being promoted by noteworthy individuals:

We are letting those people turn words into actions — by placing an order on GRIN futures market, where you can long and short with 20x leverage.

Can you handle the volatility? Trade GRIN futures with 20x leverage on Moonbase Exchange.

To ensure good trading experience, we are opening two futures contracts. The testnet futures contract will be quoted in Testnet Bitcoin. The mainnet futures contract will be quoted in Mainnet Bitcoin — it will be launched as soon as testnet contract reaches 5.0 BTC_T daily trading volume. Note: mainnet futures contract will be initially available only to traders who provided feedback during testing phase.

To ensure realistic price action on testnet futures contract, we’re introducing rewards for market participants.

Rewards

Rewards are split in 2 tiers: for highest absolute profit and highest percentage profit.

Accounts with highest absolute profit will receive:

175000 MOON tokens for the first place. 125000 MOON tokens for the second place. 75000 MOON tokens for the third place.

Accounts with highest percentage profit will receive:

100000 MOON tokens for the first place. 75000 MOON tokens for the second place. 50000 MOON tokens for the third place.

Rewards are given based on Testnet Bitcoin volume, so you can’t lose real money. This way, you can use the competition to remove the fear of losing, which will improve your performance & provide an edge for real markets.

MOON token works similarly to BNB token — it provides 50% discount on trading fees. Currently, most of MOON tokens are held by Moonbase Exchange team, with only a small amount sold for marketing purposes. We do not plan to do an ICO; instead, we plan to sell the tokens with micro-orders only when necessary to fund marketing & development. We believe it doesn’t make sense for the founders to sell all tokens in advance, but instead wait until the price increases.

Currently, the only way to receive MOON tokens is to participate in testnet trading competition (sign up here).

Contract specification

Name: $GRINH19. Settlement date: Mar 29th, 2019. Settlement currency: Bitcoin (BTC). Settlement process: stable settlement based on 3-day volume-weighted average price (VWAP) calculated from trades on the same market (see notes for explanation). Mark price: 3-minute time-weighted average price (TWAP) calculated from trades on the same market (using 3-minute TWAP to prevent liquidations on price spikes).

Notes:

Testnet futures contract name is $GRINH19_T (settled in BTC_T, which is Testnet Bitcoin).

Both settlement price & mark price are calculated from trades on the same market. We’ve made this decision to prevent market manipulation: thin orderbooks on spot exchanges make it easy to increase the price, which allows the manipulator to trigger liquidations on futures exchanges by spending a negligible sum of money. However, if mark price is calculated from trades on the futures exchange, the manipulator will have to buy out all shorts, which could be the orders of another manipulator trying to push the price down. These competing forces will result in regular market price action, which is desirable for all participants.