Forward Contracts Platform
In web2 world you can lock in rate for a currency for a later date, which allows buisiness and normal retail users to spend on their other obligiaton, however in web3 there is no such place for users to lock a rate for BTC -> USD @64000.
0XFX is a platform that allows users to lock in future rates on their assets, this gives user the confidence to keep being in crypto while taking care of other real life activities.While in web3 there is a risk of an user not paying their contract/agreement, here comes a simple threshold in participating in contract, set by the contract creator.
This allows a start of a on-chain Party2Party forward contract platform.
<ul><li><p>Brainstormed about the <strong>idea</strong></p></li><li><p>Created Eventlogger & API connected with the database(PostgresQL)</p></li></ul><ul><li><p>Created A simple frontend interface.</p></li><li><p>Created Smart Contract (Forward.sol)<br><br><em>(The whole project has been created during the hackathon).</em></p></li></ul>
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