The problem ETHOptions solves

The cryptocurrency market saw a dramatic fallout throughout 2018. With Bitcoin falling from a value of $17,000 per coin in January of 2018 to around $3,500, many traders incurred losses since the start of the year.

Whether you are a trader or an investor, your objective is to make money. Your secondary objective is to do so with the minimum acceptable level of risk.

Derivatives are financial instruments that aim to increase returns and reduce risk. A Derivative is a financial instruments that derives its value from an underlying asset, in this case, cryptocurrencies.

ETHOptions’ idea is to introduce options contracts over the blockchain.

Users can trade option contracts like any other ERC20 token (a standard token on Ethereum Blockchain), in a complete P2P fashion.

We provide a new Crypto Asset class that can potentially have a market size of $42 Billion, to advanced investors.

Challenges we ran into

Not being from a financial background, we had to understand the working of derivatives, specifically how options work. While we had smart contracting experience, this was our first experience with factory contracts and thus we ran into frequent error while deploying our contracts initially.