icon - Opium
OPIUM Opium
-3.7%
$ 0.02066026
Rank
Name
Price
CAP
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • -
    Opium
    $ 0.02066026
    $ 85,972
    $ 47
    0 OPIUM
    -3.7%

Opium. Price of cryptocurrency: $ 0.02066026

What is opium?

Opium started operations in May 2020 and uses ether to run a marketplace where anyone can participate.
The aim of the platform is to make financial derivatives more accessible and to use the benefits of decentralization to traders.
In January 2021, Opium launched its in-house token, OPIUM, which will fulfill various roles mostly centered around platform governance.

Who are the people who created Opium?
Opium has a team involved in the creation of finance.
The platform has a CEO and co-founder. He has over 20 years of experience with assets under management of 20 million and over in the professional derivatives and fund management sectors.


What makes Opium unique?
Opium wants to become the Brilliance of Decentralized derivatives.

Before the Defi movement appeared, a longer-term strategy was to attract traders away from traditional derivatives platforms. It took a long time for genuine interest to soar and for derivatives to become part of the criptocurrency landscape after the first Bitcoin (BTC) derivatives launched in the form of futures in late 2017).
If implemented, the optional derivative fee on the Opium platform will see most of it going to the creator and 10% retained by Opium.


There are related pages.
Here you can read more about Uni swap.
Here you can read more about Aave.
Alexandria has a dedicated education resource that can help you learn more about the markets.
Are you interested in more information about the coin?

How many Opium coins are in circulation?
Opium is the in-house token.
Out of a total supply of 100 million, 60% of the token will go towards an active users fund, with users themselves deciding how many token will be available for release at set intervals.
Some of the supply will go to investors and advisors with a two-year schedule.
The remaining 24% will be divided between the Opium team and the Governance Reserve Fund, which will be under the control of users.

How is the Opium Network secured?
The results of Opium's independent audit are publicly available online.

Those involved with derivatives are included in the standard risks for everyday users.
There is a dedicated introduction to the derivatives that offers more information.

Where can I buy opium?
As of the time of writing this page, it is not freely tradeable, as distribution has just begun. On January 28, 2021, OPIUM is available on Zerion.