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.
Use your mimecoins to hold leveraged positions in 32 world currencies.
Mimecoins are worth a dollar each but mimic the price of another currency when invested in a market.
Markets are scheduled every 6 hours and pay out after 3 days.
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220k CNY issued at $0.01 per contract (2,200 mimecoins)
Oracle price: $0.139561 (USD/CNY 7.16533)1,100 XAG issued at $2 per contract (2,199.9999 mimecoins)
Oracle price: $36.9350 (USD/XAG 0.0270746)21,500 EUR issued at $0.1 per contract (2,150 mimecoins)
Oracle price: $1.17790 (USD/EUR 0.848969)2.15M INR issued at $0.001 per contract (2,150 mimecoins)
Oracle price: $0.0116962 (USD/INR 85.4979)21,000 GBP issued at $0.1 per contract (2,100 mimecoins)
Oracle price: $1.36470 (USD/GBP 0.732762)10.5 XAU issued at $200 per contract (2,100 mimecoins)
Oracle price: $3,333.33 (USD/XAU 0.000300000)0.205 BTC issued at $10,000 per contract (2,050 mimecoins)
Oracle price: $107,945 (USD/BTC 0.00000926398)5.125M JPY issued at $0.0004 per contract (2,049.9999 mimecoins)
Oracle price: $0.00691721 (USD/JPY 144.567)100k AED issued at $0.02 per contract (2,000 mimecoins)
Oracle price: $0.272238 (USD/AED 3.67326)200k BRL issued at $0.01 per contract (2,000 mimecoins)
Oracle price: $0.184459 (USD/BRL 5.42126)66,666.7 CAD issued at $0.03 per contract (2,000 mimecoins)
Oracle price: $0.735078 (USD/CAD 1.36040)40M CLP issued at $0.00005 per contract (2,000 mimecoins)
Oracle price: $0.00107469 (USD/CLP 930.501)200k HKD issued at $0.01 per contract (2,000 mimecoins)
Oracle price: $0.127389 (USD/HKD 7.84997)500M IDR issued at $0.000004 per contract (2,000 mimecoins)
Oracle price: $0.0000617856 (USD/IDR 16,185.0)100k ILS issued at $0.02 per contract (2,000 mimecoins)
Oracle price: $0.299359 (USD/ILS 3.34047)50M KRW issued at $0.00004 per contract (2,000 mimecoins)
Oracle price: $0.000733933 (USD/KRW 1,362.52)250k NOK issued at $0.008 per contract (2,000 mimecoins)
Oracle price: $0.0991395 (USD/NOK 10.0868)100k PLN issued at $0.02 per contract (2,000 mimecoins)
Oracle price: $0.277577 (USD/PLN 3.60260)100k SAR issued at $0.02 per contract (2,000 mimecoins)
Oracle price: $0.266636 (USD/SAR 3.75043)200k SEK issued at $0.01 per contract (2,000 mimecoins)
Oracle price: $0.104571 (USD/SEK 9.56288)40,000 SGD issued at $0.05 per contract (2,000 mimecoins)
Oracle price: $0.784658 (USD/SGD 1.27444)1M THB issued at $0.002 per contract (2,000 mimecoins)
Oracle price: $0.0309019 (USD/THB 32.3605)1M TRY issued at $0.002 per contract (2,000 mimecoins)
Oracle price: $0.0250957 (USD/TRY 39.8475)500k ZAR issued at $0.004 per contract (2,000 mimecoins)
Oracle price: $0.0568989 (USD/ZAR 17.5750)66,666.7 AUD issued at $0.03 per contract (1,999.9999 mimecoins)
Oracle price: $0.655317 (USD/AUD 1.52598)20,000 CHF issued at $0.1 per contract (1,999.9999 mimecoins)
Oracle price: $1.25916 (USD/CHF 0.794180)666.667k CZK issued at $0.003 per contract (1,999.9999 mimecoins)
Oracle price: $0.0477897 (USD/CZK 20.9250)133.333k DKK issued at $0.015 per contract (1,999.9999 mimecoins)
Oracle price: $0.157868 (USD/DKK 6.33441)6.66667M HUF issued at $0.0003 per contract (1,999.9999 mimecoins)
Oracle price: $0.00295097 (USD/HUF 338.872)666.667k MXN issued at $0.003 per contract (1,999.9999 mimecoins)
Oracle price: $0.0536810 (USD/MXN 18.6286)66,666.7 NZD issued at $0.03 per contract (1,999.9999 mimecoins)
Oracle price: $0.606075 (USD/NZD 1.64996)666.667k TWD issued at $0.003 per contract (1,999.9999 mimecoins)
Oracle price: $0.0345826 (USD/TWD 28.9163)Bet on soccer games across the world using play money cents.
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