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Opium (OPIUM) is the 1541st largest cryptocurrency in the world by market cap, valued at $12,462,000. The current price of Opium is $0.12462, which is 3.738% higher than yesterday. Prices have ranged between $0.126939 and $0.119483 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 11:02 UTC.
OPIUM is the native governance token of the Opium Exchange. The platform offers DeFi derivative products such as ETH futures, gas options and synthetic pre-markets for upcoming DeFi tokens.
Opium allows users to create, settle and trade virtually any decentralized derivative on Ethereum. The best use case for the platform is the ability to create a portfolio with several tokens that are represented by a single token. Derivatives contracts on the platform can only be executed upon maturity as with any traditional derivative contract. However, once the portfolio (composed of several tokens) is stored in the user’s balance, it can either be traded on secondary markets as a single token, thereby saving gas cost, or it can be transferred to a wallet. The platform requires you to provide collateral (margin), such as a stablecoin or ERC-20 token, to insure the buyer in case of default.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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