The Nmoney Token
How Nmoney Is used to facilitate Option Bets
Last updated
How Nmoney Is used to facilitate Option Bets
Last updated
Nmoney is the token used to open options contracts within Night.win. Payouts and option prices are quoted in Nmoney.
Nmoney is minted via the Mint contract. Users can mint Nmoney at any time through this contract with their PLS tokens.
Users mint Nmoney from PLS through the Nmoney function. 1 Nmoney is mintable for $1 worth of PLS.
Once the user has minted their Nmoney, they they can use them to create options within the platform.
Option payouts are denominated in Nmoney.
When a user's option comes into the money and is able to be exercised for a profit, the contract rewards the user with Nmoney. Payouts are calculated (LINK TO FULL DESCRIPTION OF PAYOUT CAC
Users to receive a up to 100x the Nmoney they supplied to the option. It goes without saying the odds of such a payout are quite low.
Users can cash out their Nmoney rewards at any time through the Nmoney/PLS liquidity pool in PulseX.
Like any crypto whale, traders who have made significant, whale level gains will need to determine the smartest strategy for their position to limit slippage and price impact on Nmoney itself.
If Nmoney can always be minted for $1 what impact might that have on the PulseX Pair?
