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Logium is a decentralized platform for crypto betting where traders can bet on the rise or fall of token prices. With Logium, every trade is executed in a P2P manner, providing up to 5x leverage. The platform charges a small fee (up to 5%) from the winning side of the bet while withholding no access to users' funds. No bet maintenance fees are charged.Â
Logium stands by the fundamental DeFi values of transparency, democratization, and decentralization. Its multi-chain contracts have been audited by Certik, whereas Securing has reviewed Logiumâs staking contracts. For a detailed outlook on Logium, follow their profile on Twitter. Now, letâs have a breakdown of all the surprises that the Logium team has prepared for us.
New super-smooth design
Keep it simple. Instead of the infoglut at the trading screen, now users start by selecting a token, and the system automatically links them with a bet. Itâs still possible to adjust the leverage and timeframe or switch between betting up or down. However, the new design streamlines the entire process, making it easier to navigate.
Less is more. The refreshed version of the Logium platform has a range of available tokens limited to BTC, ETH, and STC. This ensures that users can focus on the tokens they know best and enjoy a higher chance of winning. By reducing the number of tokens available, Logium has also simplified the platform, making it more accessible to users of all experience levels in the crypto market.
Creativity begins in darkness. Logium V1 features a new dark mode that provides users with better visibility and transparency. The interface is more comfortable on the eyes, contributing to a tidier appearance that users will certainly appreciate.
Why should you use decentralized derivatives?
There are multiple benefits of using decentralized crypto-betting platforms instead of traditional ones. One of them is decentralization itself. Logium does not hold users' assets and instead uses smart contracts for all trades, ensuring transparency and safety. This means users have complete control over their money and can place bets directly from their self-custody wallets without relying on any third parties..
Another benefit is profitability. Decentralized crypto betting platforms allow users to profit from the crypto market even during bear cycles. This is because Logium users predict the future and bet on the direction of the market. They can earn even if token prices drop. This is a significant advantage in a market that is highly unforeseeable and very dynamic.
Logium V1 is an ideal platform for those looking to get started with crypto betting or take their investments to the decentralized level. With its user-friendly interface, streamlined logic, and limited token list, Logium offers a straightforward and intuitive way to have fun and go green in the crypto winter. The platform is accessible to users of all levels of experience, making it an excellent choice for anyone looking to diversify their investments and take advantage of the potential of the crypto market.
How to make a bet on Logium?
If you havenât tried Logium yet, we have a quick guided tour for you:
- Firstly, visit Logium V1 dApp.Â
-  Youâll need to connect a wallet by clicking the blue button in the right corner of the platform. Choose Metamask đŠ and go back to the main panel.Â
- Then, choose a coin from a drop bar in the upper left corner of the interface.Â
Select bet direction (higher âŹïž/lower âŹïž) and bet size (the amount of money youâre willing to spend đ°). The platform will automatically match a bet for you đŻ
-  Having connected a wallet, you may click the âTake a betâ button in the lower right corner. After you decide to do so, youâll be asked to enable USDC to use Logiumâs smart contract đ€
- Â Next, youâll be required by Metamask to confirm a transaction đ
Leverage the bear market with Logium. Try it now!
Logium Twitter:Â https://twitter.com/LogiumDEX
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.