TRUMPWIN and TRUMPLOSE are the first new assets to join our Innovation Zone today! These President tokens are ERC-20 tokens that will be redeemable for either $1 or $0 based on if Trump wins or loses the Presidential election.
What are President tokens?
President tokens are ERC-20 tokens that will be redeemable for either $1 or $0 based on if Trump wins or loses the Presidential election. These markets act as tradeable prediction markets where the market price of TRUMPWIN should be roughly equal to the probability that Trump will win the election and the market price of TRUMPLOSE should be roughly equal to 1 minus that probability. TRUMPWIN and TRUMPLOSE are based on the President 2020 Futures Contracts on FTX.
What are the risks when trading President tokens?
President tokens are based on FTX futures contracts. Each token will expire to $1 if the relevant president wins the 2020 US presidential general election, and $0 otherwise.
Who is the issuer of the President tokens on Poloniex?
FTX is the issuer of these assets.
What fees are involved when trading President tokens?
To traders buying and selling President tokens in our spot markets, the only fees that apply are our standard trading fees. You can check your fees here.