Description
Logium is a decentralized finance (DeFi) protocol that opens a free, peer-to-peer market for derivatives. Users connect a crypto wallet, pick a token, and place bets (referred to as 'options' or 'positions') predicting whether the price of an ERC20 asset will rise or fall relative to another user's opposing prediction, with leverage available to increase potential winnings. Bets are settled after fixed durations (1 hour, 6 hours, 1 day, 7 days, or 1 month), and the user with the correct prediction wins 100% of the opponent's bet. The platform supports betting on over 500 cryptocurrencies sourced from Uniswap, offers a zero-risk virtual/demo account for practice, and does not custody user funds since all trades are executed transparently through decentralized smart contracts. Logium's Multi-Chain contracts were audited by Certik, and its Staking contracts were audited by Securing Biz. It primarily serves individual crypto day traders and speculators looking to trade derivatives in both bull and bear markets.