Numoen: The Decentralized Option Agreement Revolutionizing the Polygon Network

03/24/2023 10:05 • Digital Disruptors • 85 views

On March 24th, it was announced that Numoen, a decentralized option agreement that does not require a license, has been launched in Polygon. Currently, the markets supported include WETH/USDC, USDC/USDT, GHST/USDC, and MATIC/WTH.

Decentralized Option Agreement Numoen Launches Polygon

Introduction

Understanding Decentralized Option Agreements

Decentralized option agreements (DOA) are a type of derivative that allows individuals to speculate on the future price of an underlying asset without actually owning it. DOAs, which are built on blockchain technology, have the same basic principles as traditional options contracts, but cut out the need for intermediaries, reducing corruption and transaction fees. By investing in DOAs, traders can profit from the volatility of the cryptocurrency market without having to own the underlying asset.

Introducing Numoen

Numoen is a new player in the DOA market that aims to revolutionize the space by being fully decentralized, transparent, and resistant to censorship. The platform operates with the sole purpose of making options trading easy and intuitive for both novice and experienced traders by providing a user-friendly interface, friendly support, and a simplified user experience. What sets Numoen apart from other DOA platforms is that it does not require special licenses or permission to create options, hence avoiding legal and regulatory issues.

Features of Numoen

– Fully Decentralized: Numoen is built on the Polygon network, and its smart contracts are fully audited, making it highly secure and free from centralized control.
– Low Transaction Fees: As a result of its decentralized nature, Numoen prides itself on having low transaction fees, which makes it highly affordable and accessible to everyone regardless of experience and budget.
– Simple and User-Friendly Interface: Numoen’s interface is easy to use, intuitive, and beginner-friendly, allowing novice traders to access the world of cryptocurrency derivatives with ease.
– No Need for Special Licenses: Numoen’s decentralized nature means that it does not require special licenses to create options, hence avoiding legal and regulatory issues.

Markets Supported on Numoen

Numoen currently supports markets for the following pairs:
– WETH/USDC
– USDC/USDT
– GHST/USDC
– MATIC/WTH

Benefits of Numoen

Numoen provides several benefits to both novice and experienced traders, which includes:
– Ease of use: The platform is user-friendly and requires no special knowledge to navigate.
– Highly secure: The smart contracts on the platform are fully audited, providing a high level of security and transparency.
– Cost-effective: The decentralized nature of the platform ensures that transaction fees are at a minimum, making it highly affordable for everyone.

Conclusion

Numoen is a decentralized option agreement platform built on the Polygon network, offering a user-friendly interface and low transaction fees, allowing for easy access to the world of cryptocurrency derivatives. With a fully audited smart contract, traders can rely on Numoen’s security and transparency as they speculate on the price of underlying assets. Numoen’s decentralized nature means that it requires no special licenses, making it accessible to anyone regardless of experience and budget.

FAQs

1. Is Numoen secure?
Yes. Numoen’s smart contracts are fully audited, ensuring maximum security and transparency.
2. Does Numoen require special licenses?
No. Numoen is fully decentralized and does not require special licenses to create options.
3. What markets are supported on Numoen?
Currently, Numoen supports WETH/USDC, USDC/USDT, GHST/USDC, and MATIC/WTH.

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