# Welcome to BitOpex BitOpex: Revolutionising Crypto Options Trading. {% hint style="info" %} **Why BitOpex:** As there was only one major player in the market enjoying a monopoly over the crypto option derivatives market, BitOpex aims to disrupt this market and provide a superior alternative, thus breaking this monopoly. {% endhint %} ## Introduction Why we believe there is a need for a Better Cryptocurrency Derivates Exchange. > The rise of cryptocurrency trading has brought with it an increase in derivatives trading, with cryptocurrency derivatives trading currently outpacing spot volume by a staggering 300%. > > \ > However, this growing market faces several challenges that hinder its progress.
> > — From the [Why BitOpex?](/overview/why-bitopex) # Why BitOpex? The Need for a Better Cryptocurrency Derivatives Exchange. The rise of cryptocurrency trading has brought with it an increase in derivatives trading, with cryptocurrency derivatives trading currently outstripping spot volume by a staggering 300%. However, this growing market faces several challenges that hinder its progress. Many exchanges offering these services are unregulated, leading to a lack of trust and credibility. The few exchanges that are regulated often have limitations on their derivatives products, reducing their appeal to experienced traders and institutions. The lack of a direct fiat gateway for derivatives trading adds another layer of complexity and friction, which discourages participation. Traders also face 'source of funds' issues due to regulatory hurdles. Additionally, the limited availability of user-friendly cryptocurrency derivatives exchanges poses a significant obstacle for new participants. All these factors combined present an untapped opportunity for a regulated European cryptocurrency derivatives exchange that can address these issues, offer a seamless trading experience, and act as a reliable entry-point for institutional traders. # Serving retail Investors Simplifying Crypto Options for Retail Investors. At BitOpex, we understand that crypto options can be complicated for the average retail investor, often discouraging their participation in this profitable market. To address this, we have designed a user-friendly interface that simplifies the process of crypto options trading. Our platform provides retail investors with simple templates where they can define the parameters of the option they require to get a product offer. Moreover, we eliminate the need for complex margin management by enabling users to go long on options. Future implementations will include introducing spreads, allowing users to short options but with an inherent hedge, thereby limiting potential losses. # Our Features BitOpex offers a wide range of features that will undoubtedly suit your preferences. {% content-ref url="/pages/rgIkYZo5pSDIvKRcNzKn" %} [User-friendly interface for retail investors.](/overview/our-features/user-friendly-interface-for-retail-investors.) {% endcontent-ref %} {% content-ref url="/pages/DApelSYbfyfvPlanbUoU" %} [Risk management: Buying options and spreads.](/overview/our-features/risk-management-buying-options-and-spreads.) {% endcontent-ref %} {% content-ref url="/pages/PCQY1eumgGIBEjfTlKuJ" %} [Enhancing risk management and margin options.](/overview/our-features/enhancing-risk-management-and-margin-options.) {% endcontent-ref %} {% content-ref url="/pages/UEfCzYirTp5QAgrwNsjI" %} [Advanced auction model for large trades.](/overview/our-features/advanced-auction-model-for-large-trades.) {% endcontent-ref %} {% content-ref url="/pages/1k5oF7FNZP5SY0DdM2kU" %} [Strategy following: Learn from the best.](/overview/our-features/strategy-following-learn-from-the-best.) {% endcontent-ref %} # User-friendly interface for retail investors. Cryptocurrency options trading used to be confusing with complex tables filled with intimidating data. This complexity serves as a barrier to entry for many retail investors who might otherwise find value in participating in the crypto options market. BitOpex is here to simplify things by offering a sleek and intuitive interface for cryptocurrency options trading. Users no longer need to navigate through a sea of figures and percentages. Our platform simplifies everything into an easy-to-understand format, so you don't need to know complex option pricing models like the Black-Scholes formula. Our users simply choose between Call or Put options, set an Expiration Date, choose the Strike Price, and decide the amount of the option they're interested in. The platform then instantly suggests a price, removing the need for complex calculations. Closing positions is equally straightforward. Users can make a market order to sell their options, with our platform ensuring that they receive a fair price. This focus on ease of use positions BitOpex as a prime platform for retail investors to engage in options trading. # Risk management: Buying options and spreads. As a platform designed with retail investors in mind, BitOpex places a significant emphasis on risk management. We understand that trading, particularly derivatives trading, can be risky. Our platform currently allows users to buy options, which has the effect of naturally limiting potential losses to the initial investment, thus removing the need to actively manage margins. This makes the platform easier to use for beginners who may be discouraged by having to handle margin requirements. BitOpex, however, isn't solely for beginners. Recognising the potential profitability of selling options, we're in the process of adding spreads to our platform. This will allow users to sell options while simultaneously limiting potential losses through hedging. We aim to strike a balance between allowing our users to pursue aggressive strategies and ensuring that they aren't exposed to unnecessary risks. # Enhancing risk management and margin options. BitOpex is committed to providing its users with the tools they need to manage their risk effectively. As such, we will be offering cross-collateral margin options. This feature will give traders greater flexibility, allowing them to leverage the assets they already own to engage in more advanced trading strategies. In addition, we are focusing on improving our margin calculation methods. By ensuring that our margin calculations are as accurate as possible, we can help our users manage their positions more effectively, reducing the risk of forced liquidations due to improperly calculated margin requirements. # Advanced auction model for large trades. We understand that larger investors have unique needs, especially when it comes to executing large trades. Moving large volumes can significantly impact the market, potentially leading to less favourable execution prices. To address this issue, BitOpex is developing an advanced auction model. This model will allow larger trades to be executed in a way that minimises their market impact, ensuring that our users can move large volumes without negatively affecting their execution prices. By doing so, we aim to make BitOpex a platform that can cater to both small retail investors and large institutional ones. # Strategy following: Learn from the best. BitOpex isn't just a platform for executing trades; it's a community/platform for learning and growth. To achieve this goal, we've introduced a feature called 'Strategy Following.' With this feature, users can deposit funds and follow the trades made by experienced traders. You have the flexibility to choose whether to follow these trades automatically or manually. This feature not only provides an opportunity for less experienced traders to profit, but it also allows them to understand successful trading strategies by seeing them in action. Moreover, successful trades come with a success fee which is shared with the experienced trader whose strategy you followed and the affiliates in your ref structure, incentivising traders to share their strategies with the community and encouraging users to follow successful strategies. We offer a flexible distribution model for the success fee, which amounts to 30% of the trade's profit. The person who creates and runs the strategy in the strategy following has the freedom to decide on the fee structure. By fostering a community of shared growth and learning, BitOpex aims to become more than just a trading platform - it aims to become a hub of trading knowledge and expertise. # Getting set up Setting up your BitOpex account is easy
Step1: Register on BitOpex.io Open [www.bitopex.io](https://bitopex.io/home/dbb343a01c06) in your browser and register with your email address
Step 2: Fund your BitOpex wallet (BTC, ETH). First, you need to fund your wallet account. This can be done ether via \ USDT (BSC mainnet, BEP20) or USDT (ETH mainnet, ERC20)
Step 3: Start trading Crypto options with BitOpex. As you have now funded your wallet, it's time to start with your trades. You have the option to initiate an options trade by yourself or you can also begin with Strategy Following Investment, where you follow some of the top traders.
Step 4: Build your copy traders community. If you are a skilled options trader, you can even initiate your own copy trading strategy and share it with the community and the world.
# Understanding Crypto Options trading. ## Common terminologies used in crypto options trading. Strike price: The strike price is the predetermined price at which the asset can be bought or sold. Expiration date: The expiration date is when the option contract expires. Options premium: The option premium is the price the buyer pays to acquire the option. ## The basics of crypto options. Crypto options are derivative contracts that give traders the right, but not the obligation to long (buy) or to short (sell) a specific cryptocurrency at a predetermined price within a specified time (expiration date). One of the key advantages of crypto options is the potential for higher returns compared to spot trading. Crypto options allow you to also benefit from upward, downward and sideways price movements, depending on your strategy. ## Understanding CALL and PUT options. Call options are contracts that give you the right but not the obligation to buy an underlying cryptocurrency.\ \ Put options give you the right but not the obligation to sell an underlying cryptocurrency.\ \ This enables you to profit from price increase (calls) or decline (puts). {% hint style="info" %} ### Example {% endhint %} Here's an example to better explain call and put:\ \ Treazie, a trader, believes the price of BTC will rise in a month. To capitalise on this, she buys a call option allowing her to buy 5 BTC at a predetermined price of $20k per BTC until the option expires.\ \ She has the right but not the obligation to exercise the option. If the price goes to $30k, she can exercise the option and buy BTC at $20k, potentially making a profit. If the price goes below $20k, she can choose not to exercise the option. ## Opportunities provided by crypto options. Crypto options allow hedging of existing Bitcoin positions.\ \ Crypto options allows traders to be flexible with various market conditions by using call and put options.\ \ Options enable leveraged trading, allowing traders to control larger positions with less capital.\ \ Income generation as sellers collects premiums from buyers.\ \ Options trading offers limited risk as traders only risk the premium paid for the options contract. {% hint style="warning" %} ## Risks with options trading. {% endhint %} Options face market risk if the underlying asset doesn't move as anticipated.\ \ Options lose value over time as expiration approaches & expected price movement doesn't occur.\ \ While leverage can amplify returns, it also increase losses. {% hint style="success" %} ## Risk management. {% endhint %} It's crucial for options traders to have a good understanding of these risks and employ proper risk management strategies. # Making a new Trade ## Step 1 - Choose your options Located in the upper-left corner of the screen, kindly select the options asset of your preference to initiate a trade. ![](https://3770054169-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIQrSCnegpwoWHiUVifxH%2Fuploads%2FKvYTbLp2Bh6TrvjOpDcR%2FStep1.png?alt=media\&token=c9a2c130-3e02-460b-9516-732c459f013b) ## Step 2 - Call or Put Identify if you're going to be buying a call or put options trade. ![](https://3770054169-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FIQrSCnegpwoWHiUVifxH%2Fuploads%2FGlLCBZPRHSOQCwFLe2Fr%2Fstep%202.png?alt=media\&token=7a5dafe5-794f-46c7-a6c8-99517967fea9) ## Step 3 - Set expiration date, strike price and the amount of options. The expiration date determines the validity period of the contract, while the strike price represents the specified buying or selling level. Selecting the appropriate quantity of options enables precision in managing exposure to market fluctuations. Careful consideration of these parameters contributes to informed decision-making and potential trading success.
## Step 4 - Place the trade. Once you are satisfied with the contract's terms and are ready to proceed, place the trade by clicking the buy button. Confirm the trade and wait for it to be executed.

# Introduction BPX token BitOpex aims continuously innovate and add new features and utility to its native token, BPX. The BitOpex Token (BPX) is a critical part of our ecosystem. Serving as a utility token within our platform, BPX offers various benefits to its holders. ### Fee Reduction and Access to Referral Levels BPX holders can enjoy reductions in transaction fees, a substantial advantage for frequent traders on our platform. Additionally, staking BPX provides holders with access to all eight levels of our referral program, enhancing the earning potential from their affiliate activities. ### Future Functions: Gamification & Platform Features We envision a more prominent role for the BPX token in the future. We plan to introduce gamification features, where the token can be used to unlock additional features within the platform. This initiative would not only create a more engaging user experience but also enhance the token's utility and value within our ecosystem. Additionally, we plan to launch options on our own BPX token. These BPX options would provide a powerful instrument to attract big investors, simultaneously expanding the utility of the token and attracting liquidity to our platform. Other future plans of the token includes, the buying and selling referral structures, playing games, and more. These innovative features will increase the attractiveness of the platform and the demand for the token. # Tokenomics Details about BitOpex Tokenomics ### Prerequisites Token Information: Bitopex - Ticker: **BPX** ## **Tokenomics** **Max Supply:** 40'000'000'000 BPX\ **Initial Supply:** 40'000'000'000 BPX\ 1 USD = 1000 BPX / 1 BPX = 0,001 USD

BitOpex Tokenomics

#### Token Distribution.
Category%Total $BPXAddressCliff

Community Tournaments, Platform Rewards, Marketing and Airdrops

55%24'000'000'0000x737058F811C13514bD70f703E495ED7a23e71d2dno Cliff

Funds incentive

10%4'000'000'0000xFdb18B7B05cAA07ac58C55FBb53EAA529e901Ed5no Cliff

Founder & Team

10%4'000'000'000Cliff: 180 Days and then daily distribution over 730 days

Treasury

10%4'000'000'0000xbE66e18120cBD3C2215C16fDd38Cdc6F50F09c6dno Cliff

Strategic Investors

10%2'000'000'0000x8AF9497a447d1f3207bEADD5f1e679173Eb3a7c7Cliff: 180 Days and then daily distribution over 730 days

Market Making Reserve

5%2'000'000'0000x6d072AAb3CeAE31cd66C1513e5e61137b788E957no Cliff
# Contract Details BPX Contract addresses and Details Contract address: 0x8d659d0fC18e7a26f10a3a57983448a2e16D441A # Affiliate program Join our Affiliate program BitOpex has a strategic focus on community building and user acquisition. It employs a robust affiliate program with up to eight levels, which shares up to 70% of all fees within the structure. This strong incentive structure promotes organic growth within the community and is a powerful tool for attracting new users. In line with this, BitOpex also plans to work with crypto influencers and platforms to provide trading tutorials. This initiative will enhance its visibility and reach, particularly among retail investors, and establish it as a go-to platform for crypto options trading.
1. Register via [Link for your own account on Bitopex](https://bitopex.io/home/dbb343a01c06) 2. Click on "Referral" in the top menu, and you will find your unique Referral link. 3. Share this link with your community, family and friends. # Rewards overview **Standard Affiliate Earnings:** * When you become a standard affiliate, you earn a commission of 10% on the fees generated from trading, settlement, and successful transactions. **Partners Affiliate Levels and Earnings:** {% hint style="info" %} if you can bring a community to the platform or you are an influencer, we can discuss with you an individual model. {% endhint %} * As a partner, you have the opportunity to earn even more through multiple levels. * You can invite others to become affiliates and earn a portion of their earnings too. * There are up to 8 levels in this affiliate program. * As you move up in level, your potential commission increases, up to a maximum of 60% of the fees generated. # Buy BPX Introduction **DEX** \ [https://pancakeswap.finance](https://pancakeswap.finance/)\ (Be careful, check contract address) \ **CEX** \ Coming soon.