Long/Short Battle

We thought of a fun way for Ledgis coin holders to make profits other than just staking; A battle between coin holders.

The Battle explained

The long/short battle is to bet a certain amount of LED coins on the pool by predicting whether the price of Bitcoin will rise (long) or fall (short) in the next five minutes. The result of the battle will be decided after five minutes and if you win, you will receive additional profits depending on the stake amount in the LED pool. On the contrary, if you lose, you will lose the amount of coins you've bet. But there is no big risk because you only lose with the bet amount, no liquidation.

Note

• Once you make a bet, you can't cancel or modify it.

• The bet amount cannot be traded.

• Profits generated at the end of the battle are automatically received in the wallet without you taking any action.

There are a total of 5 battles displayed on the screen: 1 battle prior to the start of the bet, 1 battle in progress and 3 battles that have ended. Since battles are created and terminated at regular intervals by smart contracts, you can check the transaction details on LEDX if you want to check the past battle history. You can check the participated battles on the Transaction History menu at any time. All transactions are transparently disclosed.

How to participate in the Battle

Anyone with more than 1 LED can participate in the battle.

1. Predict whether the price of coin will rise (long) or fall (short) on the battle that has not yet started and click the button.

2. Enter the amount of LED to bet on and click the [Go] button. *It cannot be canceled after participation is approved in the battle.

3. If you approve it from the connected wallet, you will complete your participation in the battle. The pool you bet on is displayed.

4. When the battle begins, wait 5 minutes for it to end.

5. After the battle, the winning or losing result will be displayed. Click the button to check the revenue/loss. *Profits(5% fee excluded) generated will be received in your wallet without you taking any action.