Hxro review

Table of Contents

What services does Hxro provide?

Hxro makes it clear that it wants to solve the complexity of crypto trading. It is not always easy for beginners to choose which cryptocurrencies to trade and the way in which.

Hxro’s services are therefore designed to go through this process in an alternative and simplistic way using prediction products.

Moonrekt

MoonRekt is a form of game in which the aim is to choose whether the future price (candlestick) for a crypto currency is higher or lower. This can be played on different timeframes such as 1min-5min-15min-60min-24h

How it works: You bet on MOON when you think the price will be higher. You bet on REKT when you think that the price will be lower.

You can gamble by putting credit on the Moon or Rekt card. After that all staked tokens come together in one pool. These tokens will be distributed to the winning players who guessed correctly. Winnings can range from a meager 1.1x to a fat 10x.

What services does Hxro provide?

Hxro makes it clear that it wants to solve the complexity of crypto trading. It is not always easy for beginners to choose which cryptocurrencies to trade and the way in which.

Hxro’s services are therefore designed to go through this process in an alternative and simplistic way using prediction products.

Moonrekt

MoonRekt is a form of game in which the aim is to choose whether the future price (candlestick) for a crypto currency is higher or lower. This can be played on different timeframes such as 1min-5min-15min-60min-24h

How it works: You bet on MOON when you think the price will be higher. You bet on REKT when you think that the price will be lower.

You can gamble by putting credit on the Moon or Rekt card. After that all staked tokens come together in one pool. These tokens will be distributed to the winning players who guessed correctly. Winnings can range from a meager 1.1x to a fat 10x.

Moonrekt

TixWix – Options

TixWix are the standardized options that make it possible to bet on price movements of Bitcoin and other coins.

A distinction is made between Tix (above or below price) and Wix (1-touch option). You can make a prediction about the price of underlying currencies whether they will be above or below a strike price in the future.

Tix

By concluding a TIX contract, one takes a position where one predicts that the price of a crypto coin will be above or below a certain price on the expiration date.

Taking a “YES” position means that one believes they will find the index above the strike price on the expiration date.

Taking a “NO” position means that one believes they will find the index below the strike price on the expiration date.

Tix

Wix

By entering into a WIX contract, one takes a position where one predicts that the price of a cryptocurrency will hit a certain price at a later time or at the expiration date.

Taking a “YES” position means that it is believed that the index price will hit the target price at some point.

Taking a “NO” position means that it is believed that the index price will not hit the target price at some point.

These are very easy ways to speculate option wise on cryptocurrencies, something that only used to be possible on the price of Bitcoin and Ethereum via Deribit.

The image below shows which cryptocurrencies one can take options on.

Leaderboards

Soon it will be possible to get on HXRO Leaderboards when you land on profit streaks or earn big money.

Wix

How does Hxro work?

Hxro will use ‘Smart Automated Market Makers’ (SAMM), an algorithm that helps provide liquidity to players in a ‘parimutual’ manner.

The underlying technology, known as parimutuel betting, allows users to play peer-to-peer and pool their tokens into one large liquidity pool. All this is done by the SAMM algorithm, on-chain and in a completely transparent way.

At payout, the amount that has been pooled will be distributed across all positions to the winning players. This of course on the basis of your own effort, pro rata.

What does Hxro base its price on?

For the price data, Hxro will use an index of different price feeds from multiple exchanges. The Hxro Bitcoin Index (.xBTC) is derived from the following three exchanges; Bitstamp, Coinbase Pro, and Kraken.

Credit Hxro

It is possible to use the following cryptocurrencies as collateral on Hxro; Bitcoin, Ethereum, USDC, HxRO

What is the Hxro token?

HXRO is an ERC-20 token issued on the Ethereum blockchain. Yet it is powered by Solana, due to the faster transaction time and lower transaction costs.

Hxro tokens will be used when one wants to bet on the Hxro products or when one will be paid out on a win.

Hxro token holders earn discounts on fees and receive rewards depending on their volume. It can be seen that a higher number of Hxro tokens entitles you to more rewards. The status and rank players can acquire will also be determined by the number of Hxro tokens they possess.

The Hxro token is therefore important in the Hxro ecosystem. The bigger the platform Hxro gets, the more valuable the Hxro token.

Conclusion

With the increase in volume going to option platforms such as DeribitBinance, Hxro jumps on the boat of the crypto option world. It does so by providing non-standardized options on Bitcoin and popular altcoins.

However, using Hxro is not without risk and is of course not an alternative to traditional crypto trading. Use Hxro based on underlying market analysis and be wise.