By Jan Simek
As already announced (in August issue of Virtuse News), Virtuse Exchange has invested a lot of time and energy developing a rating system of all Digital Asset Collateralized Contracts (DACCs) on its platform and selected DACCs traded elsewhere. We are excited to share the first list of rated cryptocurrencies, here, to our community.
DACC is the core innovation of Virtuse Exchange platform. Its tokens will be directly linked to underlying liquid and tradable real assets, allowing high liquidity. They are automatically managed based on predetermined transparent rules (i.e., not by humans) and their price responds to market developments. DACCs will be continuously tradable, and therefore, attractive to investors looking to buy and sell units of the fund (tokens) in a matter of seconds.
DACCs represent “bets” on price development of an underlying asset at any given time in the future. The contract has two parties, each expecting opposite price development. At the agreed expiration date, each party is rewarded according to the deviation from the expected price. Should the price deviate by more than 100% from the expected price, the contract is settled automatically — one party receives double its inserted amount, and the other loses all funds they originally invested.
Now let`s have a closer look at the DACC Rating. The methodology criteria are split into two main categories:
Furthermore, our ratings show which asset is backing the DACC (Gold, silver etc.); actual price of the token and its Market capitalization.
The article can be found also on Virtuse Exchange Medium profile.