Forex 32 is a decentralized system for holding positions in foreign currencies. This forex marketplace implements the concept of "synthetic assets" in a currency called mimecoins. Mimecoins are stablecoins that are worth a dollar each but can mimic the value of foreign currencies when invested in markets. The Forex 32 game runs on a protocol called PolyCash and a blockchain called Datachain. This technology can be used to launch stablecoins backed by dollars, crypto or other sources of value.

Positions in foreign currencies are owned via cryptographic private keys that you hold, and mimecoin forex position contracts can be divided and transferred easily by broadcasting transactions on the blockchain. In Forex 32, markets are open for betting for six hours and then forex contracts convert and pay out to mimecoins three days later. Long term forex positions can be held by automatically purchasing new positions every 3 days. Forex markets only mimic an asset between a certain price range, so large changes in exchange rates can cause forex positions to pay out at values that differ from the tracked position. Gains or losses from markets with final exchange rates outside the tracked range are rare and can be easily quantified.

PolyCash supports both custodial and non-custodial useage. Users are recommended to install their own node to control their private keys and participate in mining, but can also simply create an account on a public node.

You can run your own node simply by installing Docker and then running an installation command as described in our README.

You can contact us via polycashcrypto@gmail.com for more information about this project.

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