Recently I was thinking about what kind of projects could work on Steem. Attracting attention, thriving the Steemconomy for all the Steemlanders. And one thing that could be implemented quite simple would be a Binary Options trade market. Decentralized, fast and with nill transaction costs. All payed in Steem of course...

The PUT and CALL options could be for the Steem price only at first. Using the internal market as the only reference. Because we, the virtual inhabitants of Steemtopia, prefer our own decentralized market, of course. So, if any derivative then at least from that.

Message in a transaction

How could it function? Well, the amount of a transaction would determine the investment. Should be at least one Steem, I guess. The message would determine if you PUT or CALL your transaction.

It could be like this: P15m, meaning a PUT option for a 15 minute target. Or C7d, for a 7 day timeframe CALL option. For future use the could have a prefix. Like GOLD where no prefix would mean default: STEEM.

Now, imagine what this could trigger. More interest for Steem. Growth in accounts, attracting more attention, more demand for liquid Steem. This could create the need for a different website. Purely as an interface to this, Steem powered, decentralized binary options trading market.

And with the upcoming hardfork it would be easy to get payed part of the profit. This would be made clear to whomever uses the trading platform. Now you do not need to be a visionairy to understand that this might rocket Steem to another level...

Or am I just dreaming into the wrong direction? What do you think the Steem platform could be used for?

Have great one!

100% Power Up Post {PUP}

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