WandX is releasing put options front-end for their decentralized token creation and exchange platform. The soon to be released tools will provide a comprehensive frontend environment for users to create and trade their ERC20-based tokens through put options.
For the benefit of general public it's better to provide a little more info on such trading scheme. Put option is a standard option trading method and the name is derived from the fact that the owner has the right to “put up sof sale” the stock or index. The gist of such options – after acquiring the option you can (but don't have to, mind you) sell some amount of an underlying asset back to the seller of the put before the expiration date.
One of the main factors in this kind of deal is a strike price, which is a fixed price for an option the seller has to buy it off of you, if you decide to sell it back. The possible outcome resides on the time you decide to sell off – you're better to do so before the stock price falls below the strike price, else you'll have to cope with losing your money outright. But such is the nature of any stock market.
So, in the case of WandX platform, it provides a high-risk trading with multitude of created tokens for experienced market players. Considering the fact that now anyone from any field of business can create ERC20 token and trade them for another tokens or Etherium in such a form, it can have a significant impact on the market.
At the moment of publishing, these are the main market parameters of WandX:
Average price: $0,060742
Market cap: $743 738
24h volume: $9 017